CADCHF is facing bullish pressure | 12 May 2021

CADCHF is facing bullish pressure | 12 May 2021 for FX:CADCHF by FXCM

CADCHF is facing bullish pressure | 12 May 2021



Prices are facing bullish pressure from ascending trendline support, horizontal swing low support, 50% Fibonacci extension and 61.8% Fibonacci retracement . Prices might push up towards 78.6% Fibonacci extension and -27.2% Fibonacci retracement fibonacci confluence zone. Prices might push down further and take support from horizontal swing low support, in line with 100% Fibonacci extension and 127.2% Fibonacci retracement . Ichimoku cloud is also below prices, showing a bullish pressure for prices.

THE ULTIMATE TRADING EXPERIENCE