Bullish engulfing patter formation Morning start formation support @ 0.756
AS PRETTY MUCH EVERY SWISS PAIR LOOKS LIKE AFTER THE SNB BOMBSHELL IN JAN A STALLED RECOVERY. PRICE ACTION HAS REACHED RESISTANCE ONCE AGAIN. WILL IT HOLD? WATCH THIS AREA.
Simple setup, buy a retracement after the weekly bar closes. Time and price target on chart. Linear regression, highest high and low, and lowest high and highest low channels for potential speed lines/pathways. Cheers, Ivan.
Price is currently consolidating in a range. Breakout traders would want to keep an eye on the 0.7680 and 0.7580 levels. A break above the 0.7680 level could potentially see price reaching the 0.7910 region. Alternatively, a break below the 0.7580 could potentially see price reaching for the 0.7450 level. I would love to hear your opinion, feel free to comment,...
After a long rally CADCHF has finally found dome support at the median line of a downsloping pitchfork. The Swiss franc is no longer as strong as it used to be in the second half of January, but the CAD remains relatively weak. It looks to me like this market could do with a bit of correction: probably down to 0.77, but if it gathers bearish momentum, it might go...
The SNB, or the Swiss Negative Balance, event has left the ccy markets shaky und unstable. The NFA delayed decision to hike the margin requirements has probably stifled volume in the CHF markets, which is expressed in a lower price range. Notwithstanding that, CADCHF is in one of the strongest down trends of all the majors and is in the process of making a...
In my view most YEN pairs have completed the bullish cycle from moving of the 2011 low. Hence many have formed a top or are in process of doing so. CAD has been on weaker spectrum of major currency group and this is evident from CADJPY. Please see below a monthly chart for big picture view - in which you will note that it has topped at upper end of the potential...
Pay attention to important news for CAD tomorrow, because the forecast for these news are not so good to this view.
CADCHF just put in a long wicked candlestick over weekly trendline. Looking to go short.
Chart art explaining why cadchf is sluggish and is heading nowhere. Currently at no man's land, it would be prudent to wait for price to breakout of this area before taking a view.
CAD/CHF fell more than 20% from 8/2012 to 3/2014 and since then has been rallying. Even in the face of falling oil and easing by the SNB the Loonie rallied. Since 10/6 price has been pushing against the .8600 and failing to break the level and move higher. This area is a 38.2% fibo retracement of the aforementioned high and low. There is a minor...
This is the best entry for a trade: test of 200DMA. Fridays positive action gave me a bullish bias, though if 200DMA is clearly violated a short position would still be a great trade