CADCHF Forms Bearish Channel- Sellers Target 0.5620 Zone

4 ngày trước

CADCHF Forms Bearish Channel- Sellers Target 0.5620 Zone

CADCHF shows a rising channel pattern (bearish flag formation) following a strong impulsive downward move.

This indicates that the recent bullish correction might be coming to an end, and CADCHF could resume its prior bearish trend.

The price appears to have rejected the upper boundary of the channel, suggesting weakening buying momentum.

Key Targets:
First target: 0.5660
Second target: 0.5640
Final target: 0.5620

You may find more details in the chart!
Thank you and Good Luck!

❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️

4 ngày trước

Ghi chú