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Weekly forecast Canadian Dollar / Swiss Franc technical chart
Symbol CADCHF

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Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateOctober 19, 2019 - 18:31
Currentrange bound
Forecastbeginning of uptrend
Last weekBearish

Midterm forecast:

  • While the price is above the support 0.7425, beginning of uptrend is expected.
  • We make sure when the resistance at 0.7610 breaks.
  • If the support at 0.7425 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 0.7570 on 10/16/2019, so more losses to support(s) 0.7470 and minimum to Major Support (0.7425) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 51.

Supports and Resistances:

  1. 0.7960
  2. 0.7555
  3. 0.7470
  4. 0.7425
  5. 0.7365
  6. 0.7275
  7. 0.7175
  8. 0.7125
Click on the level to view price action history.