Get started

Cad-chf

CADCHF approaching resistance, potential reversal!CADCHF is approaching our first resistance at 0.7469 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where a strong reversal might occur below this level pushing price down to our major support at 0.7367 (horizontal swing low support). Stochastic (34,5,3) is also approaching resistance and we might see a corresponding reversal in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by easyMarkets
CADCHF approaching support, potential bounce!CADCHF is approaching our first support at 0.7367 (horizontal swing low support, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 0.7473 (horizontal overlap resistance, 50% Fibonacci retracement). Stochastic (55,5,3) is also approaching support and we might see a corresponding bounce in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by easyMarkets
CADCHF approaching resistance, potential drop!CADCHF is approaching our first resistance at 0.7554 (Horizontal overlap resistance, 38.2% fibonacci retracement ) and a strong drop might occur below this level pushing price down to our major support at 0.7502 (61.8% Fibonacci extension , 61.8% fibonacci retracement ). Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill
1
EURGBP approaching resistance, potential drop! CADCHF is approaching our first resistance at 0.7554 (Horizontal overlap resistance, 38.2% fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 0.7502 (61.8% Fibonacci extension, 61.8% fibonacci retracement). Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill
2
Dow Jones hits close to 25500 levels. Brief pullback now?The Dow Jones almost hit the first soft target at 25480 levels yesterday before pulling back lower again. It is quite possible that we see a brief pullback lower before the rally continues. Please note that it was close to taking out the resistance at 25500 levels as discussed earlier. Looking into the wave structure from here, the indice is expected to pullback lower towards 24900/25000 levels at least, before the rally could resume higher. If Wave (2) is unfolding as a flat, we could see prices pushing close to 26300 levels before a bearish reversal. However, if a running flat or a triangle is underway, we could see it terminating ahead of 26300 levels before turning lower again. Overall, a medium term bearish outlook remains until prices stay below 26950 levels. We shall present the most probable structure here as price action unfolds further. Disclaimer: This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
DJ:DJIShort
by FXTM