CADCHF analysis on dated 06-03-2019

422

The RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is trading under its 20 day moving average (0.75680) but above its 50 day moving average (0.74890)

Type: Swing trade analysis

Recommendation: Sell/Sell limit @ 0.75500 Target: 250 pips