OnlyAnalysis

CADCHF - Long or Short Opportunity

FX:CADCHF   Canadian Dollar/Swiss Franc
Looking into the weekly chart we can see that there is a strong overall down trend for this pair. As we come into our lower time frames the Daily/ 4hr we have a smaller bullish trend taking place inside of the overall trend. Do too fundamentals which took places yesterday we had a strong down movement in this pair which has bought us back too the bullish trend line acting as a support for this pairs current movements. This also aligns with a dynamic area of supply and demand . So we could be looking at a bounce off of the trend line and a bullish movement up toward the overall bearish trend line or a bearish movement in which the lower time frame trend line is broken and then looking for a retest to confirm the bearish movement in which we can begin to short looking toward the next area of demand.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out