CADCHF: Sell opportunity (short/ medium/ long-term targets).
The pair has been trading within a long term 1W Bearish Megaphone (RSI = 54.429, MACD = 0.000, ADX = 24.402, Highs/Lows = 0.0014) since February making Lower Highs but more importantly wider Lower Lows. We are currently on the Lower High zone and traders who want to sell on the medium and long term can aim at 0.73620 and 0.72700 respectively.
On the short term 1D has been a Rectangle (RSI = 57.232, MACD = 0.002, Highs/Lows = 0.0005) since early September trading within 0.75650 - 0.74350. Short term traders may sell with 0.74350 as their target.
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On the short term 1D has been a Rectangle (RSI = 57.232, MACD = 0.002, Highs/Lows = 0.0005) since early September trading within 0.75650 - 0.74350. Short term traders may sell with 0.74350 as their target.
** If you like our free content follow our profile (tradingview.com/u/InvestingScope) to get more daily ideas. **
Comments and likes are greatly appreciated.
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investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
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