One pair I am closely watching is CADCHF. Recently traded all time low as far as my chart sees @.64886 area.
3Month
Current overall trend is bearish but I am looking for a potential roll over.
It is currently testing tesing a daily resistance zone .6654 which has been rejected a few times. A break above could possibly pave a way to test the next daily resistance of around .6800 zone a fail to break cold look to see a test of the previous low. We are currently below the 50sma. Rsi struggling to break the 51 level.
DAILY CHART
4H DIVERGENCE
On the 4h we are seeing divvergence on the daily resistance zone showing exhaustion but we want to see that break and retest above for a bullish setup. For a bearish scenario we want to see a break of the previous structure low and a retest and sell on the lower tf to test the previous low.
4h chart
3Month
Current overall trend is bearish but I am looking for a potential roll over.
It is currently testing tesing a daily resistance zone .6654 which has been rejected a few times. A break above could possibly pave a way to test the next daily resistance of around .6800 zone a fail to break cold look to see a test of the previous low. We are currently below the 50sma. Rsi struggling to break the 51 level.
DAILY CHART
4H DIVERGENCE
On the 4h we are seeing divvergence on the daily resistance zone showing exhaustion but we want to see that break and retest above for a bullish setup. For a bearish scenario we want to see a break of the previous structure low and a retest and sell on the lower tf to test the previous low.
4h chart