• CADCHF approaching support, potential bounce!

    CADCHF is approaching our first support at 0.7468 (horizontal swing low support, 78.6% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this level to our major resistance at 0.7518 (50% Fibonacci retracement). Stochastic (89,5,3) is approaching support as well. Trading CFDs on margin carries high risk. Losses can exceed the initial […]

  • Summary

    We are seeing a nice setup on AUDCAD and NZDCAD as it is approaching support where we are expecting a bounce above this level. CADCHF reverse nicely below our first resistance: https://www.tradingview.com/chart/CADCHF/guLgvMCV-CADCHF-approaching-resistance-potential-drop/

  • CADCHF approaching resistance, potential drop!

    CADCHF is approaching our first resistance at 0.7544 (horizontal pullback resistance, 50% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 0.7502 (50% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries […]

  • CADCHF approaching resistance, potential drop!

    CADCHF is approaching our first resistance at 0.7544 (horizontal pullback resistance, 50% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 0.7502 (50% Fibonacci retracement). Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries […]

  • CADCHF approaching support, potential bounce!

    CADCHF is approaching our first support level at 0.7541 (horizontal swing low support, 76.4% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 0.7569 (horizontal swing high resistance, 38.2% Fibonacci retracement). Stochastic (55,5,3) is also approaching support where we might see a […]

  • CADCHF approaching support, potential bounce!

    CADCHF is approaching our first support at 0.7361 (horizontal swing low support, 100% Fibonacci extension, long term descending support line) where a strong bounce might occur pushing price up to our major resistance at 0.7471 (horizontal pullback resistance, 100% Fibonacci extension, 50% Fibonacci retracement). Stochastic (34,5,3) is also approaching resistance where we might see a […]

  • 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 […]

  • CADCHF approaching support, potential bounce!

    CADCHF is approaching our first support at 0.75901 (Horizontal swing low support, 61.8%, 100% fibonacci extension, 76.4% fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 0.76495 (Horizontal swing high resistance, 100% fibonacci extension, 76.4% fibonacci retracement). Stochastic (55,5,3) is also approaching support and we […]

  • CADCHF approaching resistance, potential drop!

    CADCHF is approaching our first resistance at 0.7715 (horizontal overlap resistance, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 0.76299 (horizontal pullback support, 23.6% Fibonacci retracement). Stochastic (55,5,3) is also approaching resistance and we might see a corresponding drop in price. Trading CFDs […]

  • CADCHF approaching resistance, potential drop!

    CADCHF is approaching our first resistance at 0.7531 (horizontal overlap resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 0.7438 (horizontal swing low support). Stochastic (89,5,3) is also approaching resistance and we might see a corresponding drop in price should […]

  • CADCHF approaching support, potential bounce!

    CADCHF is approaching our first support at 0.7409 (horizontal overlap support, 100%, 161.8% Fibonacci extension) and a strong bounce might occur pushing price up to our major resistance at 0.7501 (61.8%, 100% Fibonacci extension, 38.2% Fibonacci retracement). Stochastic (89,5,3) is also approaching support and a bounce off this level might see a corresponding bounce in […]

  • CADCHF approaching support, potential bounce!

    Price is approaching our first support at 0.7530 (horizontal swing low support, 50% Fibonacci retracement, 61.8% Fibonacci extension) and a strong bounce might occur below this level pushing price up to our major resistance at 0.7587 (horizontal swing high resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement). Stochastic (89,5,3) is also approaching our support and a […]

  • CADCHF reversed nicely from resistance, potential drop!

    CADCHF reversed off its resistance at 0.7613(61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it could potentially fall to its support at 0.7569 (horizontal swing low support). RSI (89) is held down by a descending resistance line and the ichimoku cloud shows signs of downward pressure which contributes to our bearish bias. Trading […]

  • CADCHF approaching resistance, potential drop!

    CADCHF is approaching our first resistance at 0.7668 (horizontal overlap resistance, 38.2% Fibonacci retracement, 100% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 0.7565 (horizontal swing low support, 50% Fibonacci retracement). RSI (89) is also approaching our major resistance where we might see a […]

  • CADCHF approaching support, potential bounce!

    CADCHF is approaching our first support at 0.7716 (horizontal swing low support, 23.6% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 0.7818 (horizontal swing high resistance, 76.4% Fibonacci retracement). Stochastic is also approaching our major support and a bounce off this level might be […]