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CADCHF - Rising channel forming after IHAS in daily chart

Haynes6EU Przesłano 12 Lip jako Analiza CAD/CHF, Cel: 0.8486, Data: 1 z Wrzesień, 12:00 GMT  w #Technical analysis #CHF #CAD/CHF #Loonie #Cadchf #Rising Channel #Ihas
Hi community,
I want to share my technical view about CADCHF pair at least till to the 1st of September.
Methodology:
- Background: Monthly chart; Market sentiment in COT (Commitments of Traders) report.
- AND: Price action in weekly and daily chart; Channel line; Technical pattern (IHAS) and Fibonacci level.
1. Monthly chart: We can see big picture in monthly chart. The pair CADCHF has been rising for 4 months and it should be continue to test long-term trend line. Currency positioning report s…
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Przetłumacz na Angielski Pokaż oryginał

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3 Komentarze
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Haynes6EU 18 Lip

CAD shows some weakness but I think CAD's strength could be come back soon :D

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Haynes6EU 28 Lip

This pair is still rising but range is narrow now. A Rising wedge is near top, so it need a down move correction before continue the up trend.

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Haynes6EU 7 Sie

CAD shows weakness in the last few weeks and maybe have signal for reversal in coming weeks. Let's wait and see!

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CADCHF inverted HAS confirmed

Haynes6EU Przesłano 16 Maj jako Analiza CAD/CHF, Cel: 0.8380, Data: 1 z Lipiec, 12:00 GMT  w #Technical analysis #CAD/CHF #Commodity Dollar #Loonie #Cadchf
1. Weekly chart: Middle-term trend line was taken. It could be signal for more upside.
2. Daily chart: Inverted HAS pattern completed and confirmed. I see some resistance and support level on the chart. And next pattern could be cup and hand.
Target: 0.838 on 1st of July!
Thanks,
Haynes
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Przetłumacz na Angielski Pokaż oryginał

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7 Komentarze
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Haynes6EU avatar
Haynes6EU 31 Maj

Maybe we can see a deep consolidation before this pair continue to go down

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Haynes6EU 10 Cze

0.815 support level still hold. The pair can up to 0.84???

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Haynes6EU 16 Cze

This pair rally last week. Now the pair is near resistance level 0.83. Next resistance level 0.84. Support at 0.815!

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Haynes6EU 23 Cze

IHAS continue to play well! A rising wedge is forming. Next target could be 0.845 and I will watch close on this level for some retracement or reversal!

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Haynes6EU 30 Cze

Resistance at 0.836! So my target 0.838 difficult to hit on time!

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