CADCHF Held By Trendlines! Where Would It Go Next?

FX:CADCHF   Canadian Dollar/Swiss Franc
Have a look at the main weekly TF chart of this pair. Its a very tricky pair to trade if you look closely at it but if you look at the monthly TF, you will notice the price is rangebound for quite some years now. The red horizonatal lines represent the concrete support and resistance levels taken from the monthly charts.

From the main chart, it can be seen that the price is held by various trendlines . It would be hard to explain here what could potentially unfold but if you look at the main chart, you would understand everything more clearly!

On long term bias i am SHORT on this pair, but for weekly TF it could go anywhere but i believe LONG move upwards would be limited and the price would eventually come down and test the lower end of the range.

This just represents my analysis on this pair. shall the trade criteria meet i will post the details in a new post. cheers
首页 股票筛选器 外汇筛选器 加密货币筛选器 财经日历 如何运作 图表功能 价格 网站规则 版主 网站 & 经纪商解决方案 插件 图表解决方案 寻求帮助 功能请求 博客 & 新闻 常见问题 维基百科 Twitter
概述 个人资料设置 账号和账单 寻求帮助 已发表观点 粉丝 正在关注 私人消息 聊天 退出