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CADCHF analysis 21.10.2020

CADCHF

The currency pair is trading in the range of the upper limit of the descending price channel. The ascending pattern is truncated. Awesome Oscillator shows a bearish divergence, while Stochastic Oscillator indicates an overbought condition. The inclined channel of the ascending truncated wave pattern of the M30 level is broken.

CADCHF rate online: monitor the price movement in real time.

Trading recommendations:

Sell when a descending wave pattern is formed.

Stop Loss: 0.6927.

Target levels: 0.6895; 0.6880.

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