CadChf showing all the Bullish signs on weekly chart

13 เม.ย. 2016

Cad Chf seems to be recovering from weekly lows, I am going long here

I am using DiNapoli indicators on my chart for the first time - so bear with me ..
DiNapoli indicator predictor (gold_line) pointing up - price should follow this movement
Strong bullish divergence with DiNapoli MACD predictor indicator (dark green line)
Price has moved above DiNapoli 3x3 (red line) and 25x5 (light green line) indicators

I am long before the expected break of downward trend (purple line)
It may be better to go long after break of previous highs - but I see too much bullish signs (it is up to you)
The red trend lines mark the channel up I am following and expecting to lead to new highs
(I have used a blue trend line to show the bullish divergence of the MACD - 2016 lows are lower than 2015 lows
but the MACD indicator has moved much higher)

Fundamentally, SNB is appearing in the news more often again, urging for a lower Chf - this helps
Minors like Cad, Aud, and Nzd are growing stronger while Usd is weak

Since this is a long term trade for me - I have no SL - I am targeting 0.7760, but price may rise much higher

Trade on my live account: db.tt/31wdnKBW