Technical Overview of CAD/CHF and USD/CHF Currency Pair

CAD CHF

The CAD traded lower against the CHF and closed at 0.7466.

Confluence Playing Actively

1) Main trend is towards the South.

2) Formed MB/IB.

3) Formed Pivot Candle Support @ low of MB.

4) Yearly Pivot formed @ low of MB.

5) Quarter Pivot formed @ low of MB.

6) Many Break Below Close Below candles Formed.

7) Keep in mind that Risk Aversion is not over yet.

8) A break below the MB low may further strengthen the Swissie.

Scenarios: In order to go bull or bear, Market needs to break out with a retest of Low Volume.

According to the Analysis, The pair is expected to find support at 0.74479, and a fall through could take it to the next support level of 0.74302. The pair is expected to find its first resistance at 0.74841, and a rise through could take it to the next resistance level of 0.75026.

CAD CHF Previous Day range was 36.2 and Current Day Range is 41.

USD CHF

USD CHF

The USD traded lower against the CHF and closed at 1.0078.

Confluence Playing Actively 

1) Main trend is towards the South.

2) Formed MB/IB.

3) Formed Pivot Candle Resistance.

4) Quarter Resistance formed @ low of MB.

5) Many Break below Close Below candles Formed.

6) Keep in mind that Risk Aversion is not over yet.

7) A break below the MB low may further strengthen the Swissie.

8) The pair is making a series of Lower Highs and Lower Lows.

According to the Analysis, The pair is expected to find support at 1.00656, and a fall through could take it to the next support level of 1.00536. The pair is expected to find its first resistance at 1.00937, and a rise through could take it to the next resistance level of 1.01098.

USD CHF Previous Day range was 28.1 and Current Day Range is 28.6.

For Detailed Technical Analysis Visit Our YouTube Channel.

Author: Mark Burg