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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.

DateJune 6, 2020 - 21:34
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • While the price is below the resistance 0.72650, beginning of downtrend is expected.
  • We make sure when the support at 0.70300 breaks.
  • If the resistance at 0.72650 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 0.7065 on 06/04/2020, so more gains maximum to Major Resistance (0.7265) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 64.

Supports and Resistances:

  1. 0.7960
  2. 0.7635
  3. 0.7440
  4. 0.7265
  5. 0.7125
  6. 0.6950
  7. 0.6885
  8. 0.6800
  9. 0.6725
  10. 0.6670
  11. 0.6605
Click on the level to view price action history.