CADCHF approaching support, potential bounce | 21 May 2020

Name: CADCHF approaching support, potential bounce | 21 May 2020
Uploaded: 2020-05-21T02:39:09.731821
Channel: FXCM
Description: Price is approaching our first support in line with our 161.8% and 127.2% fibonacci extension as well as 78.6% fibonacci retracement where we might see a bounce above this level to our resistance level. Stochastic is approaching our support level as well. We have also posted the written version linked below, do check that out as well and let us know what you would like to see next!

Long

Canadian Dollar/Swiss Franc (FX:CADCHF)

Updated

FX:CADCHF Canadian Dollar/Swiss Franc

Trend Analysis Harmonic Patterns Chart Patterns CADCHF CAD chf cadchflong cadchfshort

trendanalysis harmonicpatterns chartpattern cadchf cad chf cadchflong cadchfshort

Price is approaching our first support in line with our 161.8% and 127.2% fibonacci extension as well as 78.6% fibonacci retracement where we might see a bounce above this level to our resistance level. Stochastic is approaching our support level as well. We have also posted the written version linked below, do check that out as well and let us know what you would like to see next!

Comment:

Entry: 0.69140
Stop Loss: 0.68923
Take Profit: 0.69603

Follow and Trade this analysis from your Charts. FXCM now Integrated with TradingView. Contact FXCM for more information.