empty
 
 
15.12.2015 03:06 PM
Technical analysis of CAD/CHF for December 15, 2015

This image is no longer relevant

After a very heavy drop, CAD/CHF found the bottom near the 0.6900 support area. And then no clear trend was formed. The consolidation might continue and overall, the best strategy during such periods is to buy low and sell high.

Currently, we are witnessing the price being at its low since August 24, 2015 and it is rejecting the ascending channel. At the same time, 38.2% Fibonacci level was broken while the 50% retracement level has not been tested yet.

Consider buying CAD/CHF while it is near the S1 (0.7140) support level, targeting 50% Fibonacci, that is the 0.7770 resistance area. The stop loss should be put slightly below the low of August 24, 2015.

Support: 0.7140, 0.6900

Resistance: 0.7310, 0.7570, 0.7780

通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback