Today, we will show our view on CADCHF based on Daily and weekly timeframes.
Weekly Chart:
The price is on a major support zone, and we saw a clear rejection there. Now we can see a local trendline about to be broken, and we expect a bullish resolution towards the next resistance zone. (Descending Trendline.
Daily Chart:
Here we have a more zoomed view of the Weekly chart, and we can see a corrective structure on the edge of the broken descending trendline. If we have a breakout of the ABC pattern, we expect a continuation movement towards the next resistance zone (TP1) and a Final Target on the Weekly descending trendline (TP2)
Weekly Chart:
The price is on a major support zone, and we saw a clear rejection there. Now we can see a local trendline about to be broken, and we expect a bullish resolution towards the next resistance zone. (Descending Trendline.
Daily Chart:
Here we have a more zoomed view of the Weekly chart, and we can see a corrective structure on the edge of the broken descending trendline. If we have a breakout of the ABC pattern, we expect a continuation movement towards the next resistance zone (TP1) and a Final Target on the Weekly descending trendline (TP2)
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La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.