There is a 1 year Rectangle Pattern forming on CADCHF. Pattern is still to be completed. 0.7240 has proven to be a very strong support. Possible test of the low which could result in a great long term buy entry.
Longing based on : Minor RSI divergence. Broken Channel on daily time frame.
FX:CADCHF 1. Daily trend line resistance reached. 2. Aroon, MACD, RSI forecasts is so bearish to me. 3. Swiss economic reports coming this week. Goodluck!
Strong bearish candle, with little lower shadow. Spinning tops before, means indecision. I will sell if monday closes further down.
CADCHF been channeling since Maj 2016, in a great way! But this time the channel lower TL meets with a very good support area which make me look very close for another opportunity to trade a new swing and this time is up! Oil is also in a PRZ area, that give us another reason to watch this pair closer. As always we don't just place orders just coz we have a good...
IS CLEAR GUYS THAT CADCHF FORMED A REVERSE HEAD AND SHOULDERS AND WENT UP BUT IT DIDN'T BROKE THE TRENDLINE NOW I AM WAITING FOR A SELL TP @ 0.73000 ---> 230 PIPS HAVE FUN GUYS !
Possible trend continuation. Oil price is crucial for CAD value and may cause breakout from trend channel. CHF should also gain momentum.
Short CADCHF StochRSI Over Sold and going down Price Reversing from Resistance (Purple) Breaking Counter Trendline (Red) Price is just below inner trend line of the down trend line
Formation of the wedge ending growth. Open position after breaking the lower limit.