CAD/CHF – Range Rejection Signals Downside Risk!
🔍 Price Struggles at Resistance – Possible Reversal Ahead?
CAD/CHF remains stuck within a sideways range between 0.6370 resistance and 0.6192 support. The pair attempted a breakout but faced strong rejection, indicating a potential short-term pullback.
📉 Bearish Signals Emerging:
✅ Resistance at 0.6370-0.6382 Holding Strong
✅ Multiple Rejections at Upper Range
✅ Bearish Candlestick Formation Suggests Weakness
✅ SMA-44 (0.6309) Acting as Initial Support
📊 Key Downside Targets:
🔹 0.6309 (SMA Support)
🔹 0.6192 (Major Demand Zone)
💡 Trading Plan:
🔻 Failure to Hold Above 0.6370 = Bearish Sentiment
🔻 Short-term Correction Towards 0.6309 & 0.6192 Likely
🔻 Break Above 0.6382 Would Invalidate Bearish Bias
CAD/CHF remains stuck within a sideways range between 0.6370 resistance and 0.6192 support. The pair attempted a breakout but faced strong rejection, indicating a potential short-term pullback.
📉 Bearish Signals Emerging:
✅ Resistance at 0.6370-0.6382 Holding Strong
✅ Multiple Rejections at Upper Range
✅ Bearish Candlestick Formation Suggests Weakness
✅ SMA-44 (0.6309) Acting as Initial Support
📊 Key Downside Targets:
🔹 0.6309 (SMA Support)
🔹 0.6192 (Major Demand Zone)
💡 Trading Plan:
🔻 Failure to Hold Above 0.6370 = Bearish Sentiment
🔻 Short-term Correction Towards 0.6309 & 0.6192 Likely
🔻 Break Above 0.6382 Would Invalidate Bearish Bias
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.