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Weekly forecast Canadian Dollar / Swiss Franc technical chart
Symbol CADCHF

Trading suggestion:

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

DateFebruary 6, 2022 - 11:17
Currentrange bound
Forecastresumption of downtrend

Midterm forecast:

  • While the price is below the resistance 0.73800, resumption of downtrend is expected.
  • We make sure when the support at 0.70950 breaks.
  • If the resistance at 0.73800 is broken, the short-term forecast -resumption of downtrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 0.7362 on 01/20/2022, so more losses to support(s) 0.7190 and minimum to Major Support (0.7095) 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 47.

Supports and Resistances:

  1. 0.7380
  2. 0.7324
  3. 0.7256
  4. 0.7095
  5. 0.6897
Click on the level to view price action history.