CAD/CHF reversed from resistance area

CAD/CHF reversed from resistance area

  • CAD/CHF reversed from resistance area
  • Next sell target - 0.7600

CAD/CHF continues to decline after the earlier downward reversal from the resistance area lying between the resistance level 0.7800 (previous buy target and the top of the earlier wave (C)) and the upper daily Bollinger Band. The downward reversal from this resistance area completed the previous minor ABC correction (ii). With the overbought daily CCI and the clear bearish divergence on the daily Stochastic indicator - CAD/CHF is expected to fall to next sell target at the next support level 0.7600.

Similar

Latest news

GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...

gbp

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera