CADCHF analysis 18.11.2020

Analysis based on round-number levels, price channels and modified Elliot Waves

CADCHF

The overall trend is upward. The currency pair is trading in the range of the moving averages 365 and 135. The descending H1 level pattern is truncated, Awesome Oscillator indicates a bullish divergence.

CADCHF rate online: keep track of the CADCHF price in real time.

Trading recommendations:

Buy when the ascending wave pattern is formed, where the wave (aC) breaks through the inclined channel of a descending truncated pattern.

Stop Loss: under the local minimum of the H1 level pattern, 0.6930.

Target levels: 0.7043; 0.7100.