CHF/CAD Just tested the previous support level and seems to start a reversal. But if that area of support will break then it will keep falling. For now we just need to wait.
Analysis team placed long on USDCHF @0.9822 with 2 targets on 29th August, 2019: TP1 @0.9891 TP2 @1.0013
WE GOT HERE A NICE POTENTIAL BUY SETUP. IF WE MANAGE TO CLOSE TODAY ABOVE 1.3220,WHAT I BELIEVE WE WILL, WE CAN BE LOOKING AT THIS NICE LONG OPPORTUNITY. YOU CAN TAKE THE GREEN ZONES AS TAKE PROFIT AREAS, MANAGING YOUR RISK AND LOOKING HOW PROCE REACTS AT THIS AREAS.
A head and sholder patern is forming. A break of the neck line would show possibiliy to the downside. The first target would be the support zone around the 78% fibonacci level. The second target is the length of the head to the neck line of the head and sholder pattern.
chfcad found support at weekly and daily. Price made a falling wedge in the 1hr timeframe.
chf/cad has touched 4hr/1hr zone followed by falling wedge. Price respected the weekly zone so I was actually waiting for retest of that area however, price has touched the 4hr/1hr zone before and that zone is very strong in terms of direction.
chfcad is in an ascending channel while testing support zone.
This is my opinion on Cad/Chf next week. Ascending triangle entering from the top exiting bottom on past up trend. Current trend ascending triangle with entrance from the top. Previous triangle acting as resistance. Just my thoughts and opinion not financial advice.
Short CADCHF @ 0.7568; TP @ 0.7417, SL your choice
CHF/CAD my analysis show it that it has hit a double top zone for a drop to a suplply and demand zone
FX:CADCHF is at support level the CHF is a strong currencie today but this level of 0.7565 prooved to be a good support Also price rejected this level Im going long Updates will be available
Using GANN FAN strategy for this trade.. short till next level. Please use proper RR/money management and don't panic sell, if you see a pullback. Please hit "LIKE" to support. Vinny
Within the next few days, I expect the swiss franc over the Canadian dollar to reach a 1.363 price target. This is due because some positive correlations to strong buys as well as continued volatility over positive correlations in price. Also the Canadian dollar recently started getting slightly weaker along with the US Dollar, hence leading into further...
Short CHFCAD @ 1.35; TP @ 1.3220, SL your choice - 2nd try
Short CHFCAD @ 1.3469; TP @ 1.3200, SL your choice
So, obviously this is quite ahead of itself but like I have said before I LOVE posting charts this far ahead. Why you ask? Well it is really simple, if a chart isn't to the c point yet and it ends up playing out to D I will enter that trade with more confidence as well as being prepared. I am not saying this will definitely happen but if it does I believe it is...