We can see the downtrend on CAD/CHF being broken on the 1 hour timeframe.
The price did respect the trendline and the marked resistance zone previously but ended up breaking it.
We can look for potential buys if the price breaks through the red support/resistance area. We may see price play between the two areas before giving us an indication the direction.
A good target for buys would be around the 0.62150 area.
DISCLAIMER: This analysis is purely for personal reference and record keeping and should be taken as educational material only, NOT FINANCIAL ADVISE. I will not be responsible for profits or loses due to this analysis.
The price did respect the trendline and the marked resistance zone previously but ended up breaking it.
We can look for potential buys if the price breaks through the red support/resistance area. We may see price play between the two areas before giving us an indication the direction.
A good target for buys would be around the 0.62150 area.
DISCLAIMER: This analysis is purely for personal reference and record keeping and should be taken as educational material only, NOT FINANCIAL ADVISE. I will not be responsible for profits or loses due to this analysis.
Disclaimer
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.
Disclaimer
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.