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Tickmill

CADCHF dropping nicely, potential for further drop!

שורט
Canadian Dollar/Swiss Franc (FX:CADCHF)  
Tickmill ברוקר  
FX:CADCHF   Canadian Dollar/Swiss Franc
Trend Analysis Harmonic Patterns Chart Patterns CADCHF cadchfshort cadchflong cadchfidea cadchfsell cadchfforecast cadchfdaily cadchfanalysis cadchfbuy
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trendanalysis harmonicpatterns chartpattern cadchf cadchfshort cadchflong cadchfidea cadchfsell cadchfforecast cadchfdaily cadchfanalysis cadchfbuy
CADCHF has broken major support-turned-resistance level at 0.7809 (Fibonacci retracement, horizontal overlap resistance) and remains below our Ichimoku cloud signalling that there is bearish momentum. Our next resistance is at 0.7830 which is above our 61.8% Fibonacci retracement and also at a swing high resistance. Price could potentially drop all the way to major support at 0.7714 (Fibonacci retracement, horizontal overlap support).
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This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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