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Weekly forecast Canadian Dollar vs. 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.

DateSat, 05/12/2018 - 19:24
Currentuptrend
Forecastcontinuation of uptrend
Last weekBullish

Midterm forecast:

  • 0.7615 is a major support, while this level is not broken, the Midterm wave will be uptrend.

Technical analysis:

  • The RSI bounced from the resistance #1 at 74 and it prevented price from more gains.
  • A trough is formed in daily chart at 0.7705 on 05/08/2018, so more gains to resistance(s) 0.7960, 0.8250, 0.8635 and more heights 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 67.