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CADCHF

CADCHF Weekly Forex Forecast 10th December to 16th December

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CADCHF Weekly Forex Forecast 10th December to 16th December by yshashmi37 on TradingView.com

Midterm forecast:

There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 0.7570 would begin in Midterm.
Technical analysis:

The RSI bounced from the support #1 at 33 and it prevented price from more losses.
While the RSI downtrend #2 is not broken, bearish wave in price would continue.
A peak is formed in daily chart at 0.7585 on 12/03/2018, so more losses to support(s) 0.7425, 0.7365, 0.7225 and more depths is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 36.

Categories
CADCHF

CADCHF Weekly Forex Forecast 1st December to 7th December

 

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CADCHF by yshashmi37 on TradingView.com

Midterm forecast:

There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 0.7570 would begin in Midterm.
Technical analysis:

While the RSI downtrend #1 is not broken, bearish wave in price would continue.
A peak is formed in daily chart at 0.7565 on 11/23/2018, so more losses to support(s) 0.7485, 0.7425, 0.7365 and more depths is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 42.

Categories
CADCHF

CADCHF Weekly Forex Forecast 25th November to 1st December

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CADCHF Weekly Forex Forecast 25th November to 1st December by yshashmi37 on TradingView.com

Midterm forecast:

There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 0.7550 would begin in Midterm.
Technical analysis:

While the RSI downtrend #1 is not broken, bearish wave in price would continue.
A trough is formed in daily chart at 0.7465 on 11/21/2018, so more gains maximum to Major Resistance (0.7550) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 42.

Categories
CADCHF

CADCHF Weekly Forex Forecast 12th November to 18th November

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CADCHF Weekly Forex Forecast 12th November to 18th November by yshashmi37 on TradingView.com

Midterm forecast:

There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 0.7530 would begin in Midterm.
Technical analysis:

The RSI support #1 at 51 is broken, so the probability of beginning of downtrend is increased.
A peak is formed in daily chart at 0.7685 on 11/05/2018, so more losses to support(s) 0.7570 and minimum to Major Support (0.7530) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 48.

Categories
CADCHF

CADCHF Weekly Forex Forecast 3rd November to 9th November

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AUDUSD Weekly Forex Forecast 3rd November to 9th November by yshashmi37 on TradingView.com

Midterm forecast:

There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 0.7530 would begin in Midterm.
Technical analysis:

The symmetrical triangle taking shape and as a continuation pattern suggests we will soon see another leg higher if price breaks and closes above the downtrend line of the triangle.
The RSI downtrend #1 is broken, so the probability of beginning of downtrend is decreased.
While the RSI support #2 at 50 is not broken, the probability of price decrease would be too low.
A trough is formed in daily chart at 0.7600 on 10/26/2018, so more gains to resistance(s) 0.7705, 0.7820, 0.7910 and more heights is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 56.

Categories
CADCHF

CADCHF Weekly Forex Forecast 28th October to 3rd November

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CADCHF Weekly Forex Forecast 27th October to 2nd November by yshashmi37 on TradingView.com

Midterm forecast:

There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 0.7530 would begin in Midterm.
Technical analysis:

The ascending flag taking shape suggests we will soon see another leg higher.
The RSI downtrend #1 is broken, so the probability of beginning of downtrend is decreased.
While the RSI support #2 at 50 is not broken, the probability of price decrease would be too low.
A trough is formed in daily chart at 0.7550 on 10/11/2018, so more gains to resistance(s) 0.7620, 0.7705, 0.7820 and more heights is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 52.

Categories
CADCHF

CADCHF Weekly Forex Forecast 21st October to 27th October

 

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CADCHF Weekly Forex Forecast 21st October to 27th October by yshashmi37 on TradingView.com

Midterm forecast:

There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 0.7530 would begin in Midterm.
Technical analysis:

The ascending flag taking shape suggests we will soon see another leg higher.
The RSI downtrend #1 is broken, so the probability of beginning of downtrend is decreased.
While the RSI support #2 at 50 is not broken, the probability of price decrease would be too low.
A peak is formed in daily chart at 0.7665 on 10/16/2018, so more losses to support(s) 0.7570 and minimum to Major Support (0.7530) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 52.

Categories
CADCHF

CADCHF Weekly Forex Forecast 14th October to 20th October

 

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CADCHF Weekly Forex Forecast 14th October to 20th October by yshashmi37 on TradingView.com

Midterm forecast:

There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 0.7530 would begin in Midterm.
Technical analysis:

The RSI downtrend #1 is broken, so the probability of beginning of downtrend is decreased.
While the RSI support #2 at 50 is not broken, the probability of price decrease would be too low.
A peak is formed in daily chart at 0.7720 on 10/03/2018, so more losses to support(s) 0.7570 and minimum to Major Support (0.7530) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 56.

Categories
CADCHF

CADCHF Weekly Forex Forecast 6th October to 12th October

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CADCHF Weekly Forex Forecast 6th October to 12th October by yshashmi37 on TradingView.com

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 0.7530 would begin in Midterm.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • Price is above WEMA21, if price drops more, this line can act as dynamic supportagainst more losses.
  • Relative strength index (RSI) is 64.
Categories
CADCHF

CADCHF Weekly Forex Forecast 1st October to 6th October

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CADCHF Weekly Forex Forecast 1st October to 6th October by yshashmi37 on TradingView.com

Midterm forecast:

There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 0.7530 would begin in Midterm.
Technical analysis:

The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 66.