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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 29, 2018 - 17:12
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 0.71250, beginning of uptrend is expected.
  • We make sure when the resistance at 0.73650 breaks.
  • If the support at 0.71250 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 0.7465 on 12/14/2018, so more losses minimum to Major Support (0.7125) 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 30.

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.