• CAD/CHF analysis on a 4H frame: anticipation of a strong rebound of 0.56900 levels

• CAD/CHF analysis on a 4H frame: anticipation of a strong rebound of 0.56900 levels

• CAD/CHF analysis on a 4H frame: anticipation of a strong rebound of 0.56900 levels

08 May 2026

by: Kadiri Radouane

Date: mai 8 2026 Current price: 0.57011

This technical analysis of the CAD/CHF pair (CADUSD against Swiss franc) on the 4-hour time frame is based on the integration of harmonic models with the classic support levels. Here is a detailed explanation of the points shown in the picture: 1. Harmonic Pattern (Shark Pattern) The drawing shows an advanced harmonic model (often a shark model or a similar model of the M/W family). • Form complete: The price is approaching the end of the last rib (CD) within the “Potential Reversal Zone” (PRZ). • Technical objective of the model: The reflection is usually from the current bottom to target upper levels and correct the recent downtrend. 2. Support Zone (Demand Zone) • The price is currently heading towards a strong demand area (shaded green rectangle) confined between the levels of 0.56800 and 0.56900. • This area represents a previous “bottom” from which the price was launched strongly, making it an expected rebound zone. 3. Phantom fraction and expected rebound • Trend line (Trendline): There is a downtrend line (dotted) that presses the price. • Drawn scenario: The analyst expects a slight down within the support area to make a “double bottom” or liquidity pool, followed by a breakout of the downtrend line and a strong upward (long black arrow). 4. Digital Data • Pair: CAD/CHF • Current price at the time of analysis: approximately 0.57011. • Break-off level: The 0.56648 level represents a historical bottom or a final "stop loss" level for this analysis, as breaking this broad black line eliminates the idea of climbing. Conclusion: The analysis is buying par excellence, looking for an entry opportunity as soon as it comes into contact with the green support area, while targeting levels close to 0.57800, provided that the price is stable above the level of 0.56648.

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