TradingView
easyMarkets
12 gru 2018 02:16

CADCHF approaching resistance, potential reversal! Short

Canadian Dollar/Swiss FrancFXCM

Opis

CADCHF is approaching our first resistance at 0.7469 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where a strong reversal might occur below this level pushing price down to our major support at 0.7367 (horizontal swing low support).
Stochastic (34,5,3) is also approaching resistance and we might see a corresponding reversal in price.

Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Więcej