CADCHF: At Potential Reversal Zone

3 Kas 2015

CADCHF At a potential reversal zone, downside is favored:

• The price has completed a three drives pattern at the 1.271 extesnion for the latest bearish wave
  
• The price is near the main overhead resistance area among 0.7565-0.7650
  
• The 200-days SMA is around current levels
  
• Stochastic is overbought. Meantime, the overall trend remains bearish.
  

Targets and stop are outlined on chart


The countdown has started.. Check out The Forex Channel all-new coming soon page with a countdown timer to launch date, visit and subscribe at thefxchannel.com
My Best Regards
Technician

3 Kas 2015

İşlem aktif