CADCHF Will Go Up From Support! Long!

7 дек. 2024 г.

Here is our detailed technical review for CADCHF.

Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish

The price is testing a key support 0.620.

Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.627 level.

P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.

Like and subscribe and comment my ideas if you enjoy them!

9 дек. 2024 г.

Заметка

I am confident in this trade so I will keep it open!