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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.

DateDecember 15, 2018 - 20:08
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 0.75700 would begin in Midterm.

Technical analysis:

  • The RSI bounced from the support #1 at 33 and it prevented price from more losses.
  • While the RSI downtrend #2 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 0.7350 on 12/11/2018, so more gains to resistance(s) 0.7485 and maximum to Major Resistance (0.7570) 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 43.

Supports and Resistances:

  1. 0.7960
  2. 0.7820
  3. 0.7705
  4. 0.7620
  5. 0.7570
  6. 0.7485
  7. 0.7425
  8. 0.7365
  9. 0.7225
  10. 0.7125
  11. 0.6805
Click on the level to view price action history.