1. Trend Direction:
CADCHF is currently bearish — the price is going down consistently.
2. Price Action:
The pair is still falling and has not shown signs of reversing yet.
3. Target Area for Drop:
I expect the price to continue falling toward the 0.5740 to 0.5720 zone.
→ This is a support area, where price may slow down or bounce.
4. Support Level Importance:
This zone has acted as support in the past, meaning buyers might step in again here.
5. Buy Interest Zone:
If the price holds above 0.5720 and shows signs of strength, buying interest could return.
6. Possible Reversal:
From this support zone, there's a chance that CAD/CHF may reverse and move back up.
7. What to Watch For:
Look for bullish price action (like strong candles or a break of minor resistance) in the support area before considering long (buy) positions.
CADCHF is currently bearish — the price is going down consistently.
2. Price Action:
The pair is still falling and has not shown signs of reversing yet.
3. Target Area for Drop:
I expect the price to continue falling toward the 0.5740 to 0.5720 zone.
→ This is a support area, where price may slow down or bounce.
4. Support Level Importance:
This zone has acted as support in the past, meaning buyers might step in again here.
5. Buy Interest Zone:
If the price holds above 0.5720 and shows signs of strength, buying interest could return.
6. Possible Reversal:
From this support zone, there's a chance that CAD/CHF may reverse and move back up.
7. What to Watch For:
Look for bullish price action (like strong candles or a break of minor resistance) in the support area before considering long (buy) positions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.