Canadian Dollar/Swiss FrancDiupdate CADCHF is Indecisive
This pair has been moving in a mostly sideways channel for a while now with no clear direction.
Currently it has broken above long standing trend line and two support lines.
At this stage I think price will move back down around 0.75500 and re-touch trend line. The stock has also been over bought for a while.
After this it is possible it could start a new uptrend or down trend. Based on the over all look of the chart and the stock I think it will make more downside but will wait for some confirmation candle sticks before entering a trade
Currently it has broken above long standing trend line and two support lines.
At this stage I think price will move back down around 0.75500 and re-touch trend line. The stock has also been over bought for a while.
After this it is possible it could start a new uptrend or down trend. Based on the over all look of the chart and the stock I think it will make more downside but will wait for some confirmation candle sticks before entering a trade
Catatan
Currently touching bottom of channel. Will re-analyse chart for buy or sell
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