CADCHF is testing its resistance at 0.7745 (38.2% Fibonacci retracement, horizontal overlap resistance) where if it surpasses this resistance, it could potentially rise to its next resistance at 0.78070 (horizontal swing high resistance) if broken. Stochastic (55, 5, 3) bounced from its support at 7.7% where a corresponding rise is expected.
CADCHF reversed nicely off its intermediate resistance at 0.7806 (horizontal swing high resistance) where it could potentially fall to its intermediate support at 0.7714 (100% Fibonacci extension, 50% Fibonacci retracement, 61.8% Fibonacci retracement, horizontal overlap support) before bouncing back up to its resistance at 0.7914 (61.8% Fibonacci extension,...
I was wrong about CAD last time. you can find that as DXY goes up, there is no bullish signal in USD/CAD . It means CAD is much stronger than we thought. so you can see the strong uptrend by GMMA moving average. GMMA long term group is up and strong as well as short term group. So buy it, and measure the target by fio thanks
Price is our first support at 0.7608 (horizontal swing low support, 61.8% Fibonacci extension, 23.6% Fibonacci retracement). A strong bounce might occur above this level, pushing price up to our major resistance at 0.7713 (horizontal swing high resistance, 100% Fibonacci extension). Stochastic (55,5,3) is also seeing a bullish exit and is a good precursor for a...
CADCHF is approaching our first support at 0.7608 (horizontal swing low support, 23.6% Fibonacci retracement, 61.8% Fibonacci extension). A strong bounce might occur above this level, pushing price up to our major resistance at 0.7713 (horizontal swing high resistance, 100% Fibonacci extension). Stochastic (55,5,3) is also seeing a bullish exit and we might see a...
Sell below 0.7652. Stop loss at 0.7685. Take profit at 0.7558. Reason for the trading strategy (technically): CADCHF is approaching resistance at 0.7652 (61.8% Fibonacci retracement, horizontal overlap resistance) where we expect to see a reaction, causing price to fall to its support at 0.7558 (61.8% Fibonacci extension, 23.6% Fibonacci retracement). Stochastic...
The CaddieFranc is still recovering from a sharp nosedive on New Year's 2015 already retracing to the 61.8% level and falling back down toward around 40% fib levels. The pair is expected to continue to regain strength and climb back up to the 61.8% level and ultimately onto the 80-90% level, where it once was before the dive. Expect a slow consolidated/upward...
Technical Analysis: Bias Bullish - Price has broken above 100-DMA, eyes 200-DMA - Momentum studies highly bullish - RSI shows strength at 67 levels with room to run further - +ve DMI dominance, ADX above 25 and rising in support of trend - On weekly charts, MACD is on verge of bullish crossover and Stochs have rolled over from oversold levels Support levels -...
CADCHF is approaching our first resistance at 0.7562 (horizontal overlap resistance, 50% Fibonacci retracement, 100% Fibonacci extension). A strong reaction might occur at this level, pushing price down to our major support at 0.7429 (horizontal overlap support, 61.8% Fibonacci extension, 38.2% Fibonacci retracement). Stochastic (89,5,3) is also seeing a bearish...
For the next two or three months CADCHF will be your pipcow. CAD being appreciated and CHF devalued causes the pair to rocket. Go long go CADCHF.
Great opportunity to go long on the pair as we are bouncing off a previous important weekly support. If this bounce persists, we could see a multi-weeks uptrend so I am initiating a long campaign using intra-day time frames.
bullish engulfing pattern formed on weekly time frame which is a good reversal pattern
Watch out and look for long opportunity.
CADCHF looking over sold on the RSI and seems to have bounced on the weekly trendline. looks like 400+ PIPS are up for grabs good luck