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Cadchflong

CADCHF dropping nicely, potential for further drop!CADCHF has broken major support-turned-resistance level at 0.7809 (Fibonacci retracement, horizontal overlap resistance) and remains below our Ichimoku cloud signalling that there is bearish momentum. Our next resistance is at 0.7830 which is above our 61.8% Fibonacci retracement and also at a swing high resistance. Price could potentially drop all the way to major support at 0.7714 (Fibonacci retracement, horizontal overlap support). Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill
CADCHF approaching support, potential bounce!CADCHF is approaching our first support at 0.7758 (horizontal overlap support, 61.8% Fibonacci extension, 23.6% Fibonacci retracement). A strong bounce might occur above that level, pushing price up to our major resistance at 0.7910 (horizontal swing high resistance, 61.8%, 100% Fibonacci extension). Ichimoku cloud is also showing signs of bullish pressure, in line with our bullish bias. Stochastic (89,5,3) is also approaching our support and we might see a corresponding rise in price should it bounce off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Tickmill
2
CADCHF in a bullish channel!CADCHF reversed nicely off its intermediate resistance at 0.7806 (horizontal swing high resistance) where it could potentially fall to its intermediate support at 0.7714 (100% Fibonacci extension, 50% Fibonacci retracement, 61.8% Fibonacci retracement, horizontal overlap support) before bouncing back up to its resistance at 0.7914 (61.8% Fibonacci extension, horizontal swing high resistance). RSI (89) is in ascending channel which contributes to our bullish bias.
Long
by ICmarkets
1
CADCHF approaching support, potential bounce! Price is our first support at 0.7608 (horizontal swing low support, 61.8% Fibonacci extension, 23.6% Fibonacci retracement). A strong bounce might occur above this level, pushing price up to our major resistance at 0.7713 (horizontal swing high resistance, 100% Fibonacci extension). Stochastic (55,5,3) is also seeing a bullish exit and is a good precursor for a potential rise 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 Tickmill
2
CADCHF approaching support, potential bounce! CADCHF is approaching our first support at 0.7608 (horizontal swing low support, 23.6% Fibonacci retracement, 61.8% Fibonacci extension). A strong bounce might occur above this level, pushing price up to our major resistance at 0.7713 (horizontal swing high resistance, 100% Fibonacci extension). Stochastic (55,5,3) is also seeing a bullish exit and we might see a corresponding rise 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 is Approaching Its Resistance, Prepare For A Drop Sell below 0.7652. Stop loss at 0.7685. Take profit at 0.7558. Reason for the trading strategy (technically): CADCHF is approaching resistance at 0.7652 (61.8% Fibonacci retracement, horizontal overlap resistance) where we expect to see a reaction, causing price to fall to its support at 0.7558 (61.8% Fibonacci extension, 23.6% Fibonacci retracement). Stochastic (89, 5, 3) is also reaching its resistance at 98% where we expect to see a corresponding reaction. A bearish divergence with price has also been identified which contributes to our bearish divergence.
Short
by MEX_Exchange
3
CAD/CHF long setupTechnical Analysis: Bias Bullish - Price has broken above 100-DMA, eyes 200-DMA - Momentum studies highly bullish - RSI shows strength at 67 levels with room to run further - +ve DMI dominance, ADX above 25 and rising in support of trend - On weekly charts, MACD is on verge of bullish crossover and Stochs have rolled over from oversold levels Support levels - 0.7560 (100-DMA), 0.7487 (38.2% Fib), 0.7461 (55-EMA) Resistance levels - 0.7642 (200-DMA), 0.7650 (61.8% Fib), 0.7726 (Aug 22 high) Good to go long on dips around 0.7575/85, SL: 0.7530, TP: 0.76/ 0.7640/ 0.77
Long
by FxWirePro
1
CADCHF approaching first resistance, potential drop! CADCHF is approaching our first resistance at 0.7562 (horizontal overlap resistance, 50% Fibonacci retracement, 100% Fibonacci extension). A strong reaction might occur at this level, pushing price down to our major support at 0.7429 (horizontal overlap support, 61.8% Fibonacci extension, 38.2% Fibonacci retracement). Stochastic (89,5,3) is also seeing a bearish divergence and is reacting off its major resistance where we might see a corresponding drop in price. Losses can exceed the initial investment so please ensure you fully understand the risks Trading CFDs on margin carries high risk.
Short
by Tickmill