Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

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Konstantin Boykachev

CEO Proforexea LLC

Honest Coder

Professional Trader

Blog Post

CAD/CHF Testing Support, Prepare For A Bounce

September 5, 2018 Analytics

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CAD/CHF is approaching its support at 0.7394 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where price is expected to bounce up to its resistance at 0.7484 (38.2% Fibonacci retracement, horizontal pullback resistance).

Stochastic (89, 5, 3) is testing its support at 2.6% where a corresponding bounce is expected.

CAD/CHF is testing its support where we expect to see a bounce.

Buy above 0.7394. Stop loss at 0.7338. Take profit at 0.7484.

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The material has been provided by InstaForex Company – www.instaforex.com

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