CAD (Canadian Dollar)
CADCHF: Overbought Market & Retracement 🇨🇦🇨🇭
CADCHF may retrace from a key horizontal resistance.
The market looks quite overbought on a daily, and as a proof of that,
I have spotted a confirmed breakout of a support line of a rising wedge pattern on an hourly time frame.
The market may drop at least to 0.6805
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CADCHF H4 | Bearish divergence?Based on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 0.6782, which is a multi-swing resistance
Our take profit will be at 0.6749 a pullback support level. The stop loss will be placed at 0.6811, which is a swing-high resistance level.
It's worth noting that there is a bearish divergence
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CADCHF - Short from daily order block ✅Hello traders!
‼️ This is my perspective on CADCHF.
Technical analysis: Here we are in a bearish market structure from weekly perspective, so I am looking for short. I want price to continue to go a little bit higher to fill the imbalance and to take buy side liquidity and then to reject from daily bearish order block + institutional big figure 0.69000.
Fundamental analysis: On Friday will be released monthly GDP in Canada, if the result is negative, it will support our analysis.
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CADCHF: 25/09/2023:🔴Important Zone
As you can see, the price had a bullish move after collecting liquidity below 0.6477.
Now we can expect the price to make a trading range or after LTF confirmation we can sell.
💡Wait for the update!
🗓25/09/2023
🔎 DYOR
💌It is my honor to share your comments with me💌
CADCHF📊 #CADCHF
⏱ TIME: 1D
📝It is reaching very important areas for spot purchases, and you can make purchases in a gradual and managed manner.
📍The initial sell limit: 0.68070 $
📍The second sell limit:0.69260 $
❌These analyzes are just to give a better perspective for you dear ones
Do not base on buying and selling❌
CADCHF current resistance closely watchedCADCHF has been consistently in a downtrend since January 2023. As of now, the price has reached its downtrend resistance level for the fourth time. The crucial question is whether it will once again respect this trendline resistance and proceed downward, if fails to overcome this resistance, it might continue to face selling pressure, possibly targeting levels around 0.6620 and 0.6480 to maintain its downward trajectory.
However, there's also the possibility that CADCHF could break out from this persistent downtrend resistance. If this scenario unfolds, it might surge upwards, potentially reaching levels around 0.6810 and even 0.6930. This breakout would signify a significant shift in the currency pair's trend direction. Traders and investors will closely monitor these key levels to gauge the future direction of CADCHF.
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Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
CADCHF ____ INCOMING BULLISH MOVE, WATCHOUT !!!Hello Guys,
I took a break from posting on Tradingview as I lost my dad on the 3rd of July and he was laid to rest on the 18th of this month. It wasn't a beautiful experience but I'd have to push myself forward.
For this pair, I'd like you guys to just take a good look at the chart and see how price created buy-side liquidity and went to hunt it. Now that price has taken the liquidity, the next move should be bullish to either hunt liquidity or close an imbalance/liquidity void.
CADCHF is also at an extreme and has printed a CHOCH on the daily timeframe. I will be monitoring the chart tomorrow for a CHOCH on the 1-hour timeframe to go long, as I don't trade on Mondays.
Follow for more updates like this.
Cheers,
Jabari
CADCHF, reversal double bottomCADCHF / 1D
Hello traders, welcome back to another market breakdown.
CADCHF has been reversing the trend higher. The bulls seem to be reclaiming a KEY Macro level which is bullish signal.
I'll be waiting for the previous S/R level for better risk and reward entries.
Trade safely,
Trader Leo.
CADCHF - 4hrs ( Sell Trade Target Range 160 PIP ) Pair Name : CAD/CHF
🗨Time Frame : 4hrs Chart / Close
➕Scale Type : Large Scale
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🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
✔️ Key Technical / Direction ( ❗️ Short )
Type : Mid Term Swing
——————————
Bearish Reversal
0.66600 Area
reasons
- Major Turn level / D
- Visible Range hvn
- Choch Area
- Quarter's Area
- Fibo Golden
Bullish Reversal
0.65000 Area
Reasons
- Major Turn level / M
- Visible Range Hvn
- Weekly Choch Area
- Quarter's Area
- Pattern Target
- Liquidity Zone / Quarter's Area
CADCHF -- Next Swing Down
CAD CHF pair has been in a downtrend for some time now (since June 0f 2022). We all know to 'go with the flow' when it comes with following the general trend. In this case, the pair might be ready for another move down.
This would be the fourth hit on the trendline, and at previous resistance during its month long range.
As always, we'll wait and see either a good bearish candle down to enter short, or a break above to enter long -- KISS
CADCHF Is Very Bullish! Buy!
Please, check our technical outlook for CADCHF.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 0.664.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.666 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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CADCHF: Your Detailed Trading Plan 🇨🇦🇨🇭
Take a look at CADCHF.
The pair broke and closed above a key daily resistance last week.
The price is currently consolidating with a narrow horizontal range, retesting the broken structure.
Your intraday bullish confirmation to buy will be a bullish breakout of the resistance of the range.
4H candle close above 0.6643 will confirm the violation.
A bullish continuation will be anticipated to 0.6655 / 0.6665 levels then.
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CADCHFNot too long ago I had published an idea about the $FX:CADCHF. Go check it out! However, I never took my eyes off of it, and due to that it made me dig deeper from a higher perspective... I came to the conclusion that this particular pair recently experienced something that's more than likely going to shift it's momentum for some time.
My reasoning..
Daily:
1. P.A. swept EQ highs
2. V shape pattern (bull's favor)
3. Bullish market structure
Weekly:
1. Strong bullish momentum after lowest point in the market.
2. Demand formed (untouched)
3. P.A. is set to reclaim a previous key level to the upside.
4. Triple key lows swept (liquidity grab)
Monthly:
1. After break of current L.H. (0.6898) the trend flips.
2. P.A. hit lowest levels in the market a couple months ago.
For these reasons I am bullish. Even though this isn't a currency pair I track & trade, this is me making an exception. I am publishing this for me, personally, but feel free to tag along if you like!
P.S. If ever curious about anything, ask.
CADCHF - Are We Still Trending Down?Analysis:
Bearish Confluences
Strong downwards trend
Retesting an area of significance
In a longer term descending channel
Longer term downwards trendline touch
The CAD is the 4th weakest major currency whereas the CHF is the 4th strongest major currency
12K short position increase for the CAD
3K long position increase for the CHF
Bullish Confluences
3K long position increase for the CAD
4K short position increase for the CHF
Recent CAD news has been bullish
Stay Safe - The JPI Team
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CADCHF I Potential short from resistance Welcome back! Let me know your thoughts in the comments!
** CADCHF Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Ongoing downtrend with CAD/CHF - with warningThere has been an evident downtrend since June 2022.
The price continues to bounce on the resistance, just to come down and make a lower high...
However, there has been somewhat an established strong support as of late around 0.64666.
We will most likely see short term upside to 0.6629. And if it fails to break the resistance and come down, then the short target will most likely be at 0.6277.
Good to watch and see how it plays out.