CADCHF facing bearish pressure | 21th Apr 2021
CADCHF facing bearish pressure from descending trendline resistance which is in line with horizontal swing high resistance, 50% Fibonacci retracement, and 78.6% Fibonacci extension. Prices might push down further towards horizontal swing low support which coincides with 161.8% Fibonacci retracement. If prices push up further, prices might face resistance from horizontal swing high resistance which coincides with 78.6% Fibonacci retracement and 127.2% Fibonacci extension. Ichimoku cloud is above prices, showing a bearish pressure for prices.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.