CADCHF Wave Analysis

  • CADCHF reversed from support level 0.679
  • Likely to rise to resistance level 0.6916

CADCHF today reversed up from the key support level 0.679 (which has been stopping all downward impulses from December).

The support zone near the support level 0.679 was strengthened by the lower daily Bollinger Band.

Given the bullish divergence on the daily Stochastic indicator, CADCHF can be expected to rise further toward the next resistance level 0.6916.

FxPro
FxProhttp://www.fxpro.co.uk/?ib=606792
FxPro is an award-winning online broker offering Contracts for Difference (CFDs) on forex, futures, spot indices, shares, spot metals and spot energies. FxPro serves clients in over 150 countries worldwide and offers multilingual customer support 24/5. Trading CFDs involves significant risk of loss.

Featured Analysis

Learn Forex Trading

Do You Want to be a Trader?

A Trade or a Gamble?

The EUR/USD

Best Forex Scalping Method