CAD/CHF reversed from support zone

CAD/CHF reversed from support zone

  • CAD/CHF reversed from support zone
  • Next buy target - 0.7800

CAD/CHF continues to rise after the recent upward reversal from the support zone lying between the major support level 0.7520 (which stopped the previous minor correction (iv) in the middle of July) and 38.2% Fibonacci correction of the previous sharp upward impulse 1 form the start of June. The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Piercing Line. CAD/CHF is expected to rise to next buy target at the next resistance level 0.7800.

Similar

GBP/CAD targeting lower levels

It seems the GBP/CAD looks forward to resume the bearish bias in the short-term, as it has been correcting the cycle started from May 18th and now, we can expect another leg higher to re-test the Fibonacci level of 50% at 1…

Popular

Morning brief for June 2

Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…

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