CADCHF Will Go Lower From Resistance! Sell!

29 thg 3

Please, check our technical outlook for CADCHF.

Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish

The market is approaching a key horizontal level 0.615.

Considering the today's price action, probabilities will be high to see a movement to 0.611.

P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.

Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.

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31 thg 3

Ghi chú

I am confident in this trade so I will keep it open!