CADCHF approaching support, potential bounce!

2018년 5월 14일

CADCHF is approaching our first support at 0.7758 (horizontal overlap support, 61.8% Fibonacci extension, 23.6% Fibonacci retracement). A strong bounce might occur above that level, pushing price up to our major resistance at 0.7910 (horizontal swing high resistance, 61.8%, 100% Fibonacci extension). Ichimoku cloud is also showing signs of bullish pressure, in line with our bullish bias.
Stochastic (89,5,3) is also approaching our support and we might see a corresponding rise in price should it bounce off this level.
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