. There is a possibility of temporary retracement to suggested support line (0.7315). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. CADCHF is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance....
We previously sold this pair at 50SMA if you look through the analysis available on our profile; it looks like the downside is due to continue after ending last week with a hammer at the Fibonacci levels highlighted. April 2018 low is the overall target.
as we can see here on the EUR/CHF chart that the market has been trending with a downward trend for a while now. with regular retracements and patterns to then have moves creating lower highs an lower lows. the current market state we can see that the market has had a retracement at a previously broken support area and has now used it as a resistance area. with...
Looking to go short US dollar versus Swiss Franc as the pair tap the descending trendline that has held since April and is highlighted in our trading view chart . The re tap again yesterday coincides with reaching overbought levels on stochastics. Given the market has been challenging recently we have have waited for confirmation of a cross over...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.9825.
But the short term forecast is range bound, so we expect to reach the following targets:
Set the stoploss of these orders at breakout of S2=0.9805.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
Red area highlighted has been a long standing support for this pair for a very long time. There has been a bounce from the last 4H, hopefully this will rally to the trend line.
Update to follow when entry is made.