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CAD (Canadian Dollar)

Swiss Inflation will fall under the 2% mark - today!CHF Perspective: Negative: - As announced in February, Swiss inflation will fall below 2% target of the SNB from the second half of the year on (i.e. today) - The SNB raised interest rates again in June and thus probably ended its rate hike cycle (-> a further rate hike of 0.25% in September cannot be ruled out entirely, but it would not be necessary). - The main driver of Swiss inflation are now rising rents, for which further interest rate hikes would be counterproductive due to the rise in the reference rate. -> would only further fuel rents, therefore unnecessary - Switzerland's manufacturing sector is increasingly weakening, as both the PMIs and the KOF indicator show. Positive: - SNB remains hawkish despite falling inflation (but whether this is actually sustainable remains to be seen) - The SNB continues to support the franc by selling other currencies -> due to the fact that the SNB will continue to put the brakes on a possible gradual weakening of the CHF, I expect the trade to move forward rather slowly (but that's fine with me, the positive swap sweetens the wait) CAD Perspective: Positive: - Everything has happened more or less as forecasted in February: -> the Canadian labour market is on fire (like Paris nowadays) and together with the "sticky" core inflation forced the BOC to raise interest rates again in June - another rate hike this month is likely, ultimately the labour market report on Friday will decide -> if it at least meets expectations the chances are good -> would give the CAD an additional boost - As predicted in February, migration is booming in Canada. -> keeps the housing market, retail sales and inflation on their toes -> core inflation remains a problem for the BOC Negative: - Oil is not making any headway. Tighter supply (OPEC production cuts) is clashing with the gloomier outlook for the global economy, leading to a stalemate so far. Due to the banking crisis in March, the first attempt of this trade had no chance (bad luck!), but since all the other factors came exactly as forecasted, I'm giving the trade a second chance, let's see!
Long
by PrimeTrading
CADCHF, D1 | Reversal off major resistancePrice is testing major resistance at 0.6806 which is an overlap resistance that stretches way back. It also coincides with the 23.6% Fibonacci retracement and a descending channel resistance. If price were to reverse from here, we could see it drop all the way to support at 0.6626 which is an overlap support and 61.8% Fibonacci retracement. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party provider). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Name of third party provider. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Forex Capital Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM EU LTD (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM Australia Pty. Limited (www.fxcm.com): ** Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com FXCM Markets LLC (www.fxcm.com): Losses can exceed deposits.
Short
by FXCM
20 Reasons For Sell CADCHF🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1:✨Eagle eye: The market has been experiencing a strong bearish trend for many years. A Breakout-Sell (BOS) occurred 10 years ago with heavy volume. Last year, a liquidity sweep candle was formed after the breakout, indicating a further downside move. Back-to-back strong bearish candles suggest that bears are still in control of the market. 2:📆Monthly: A clear bearish structure is present, and a fakeout-type structure has formed. However, the low is not confirmed until the induction phase is complete. The closure of this candle will determine whether it is a small corrective pullback or a confirmation of the bearish trend. No notable reversal signals have appeared yet, but bears remain in power as they tapped into the extreme order block during the pullback. The overall view favors short entries. 3:📅Weekly: The structure is clearly bearish, and the low is confirmed and valid. The induction phase is also complete. If the price reaches the upcoming order block or provides a strong reversal signal based on the timeframe, a sell entry can be opened. However, it is recommended to wait for the weekly closing before making a decision. 4:🕛Daily: A strong supply area is approaching, as the price has touched this level four times before. Both a breakout or a rejection can be important at this level, but a sell entry is recommended while waiting for a sell signal. Additionally, a trendline resistance is present, and the last closing candle formed a doji at the perfect time and location. The price action tomorrow will provide further clarity. 😇7 Dimension analysis 🟢 analysis time frame: Daily 5: 1 Price Structure: Bearish 6: 2 Pattern Candle Chart: Doji and double top pattern 7: 3 Volume: No significant volume during the upside move but last leg only unable to breakout profit booking volume, indicating that volume will play an important role in the upcoming price action. 8: 4 Momentum UNCONVENTIONAL Rsi: A very powerful bearish divergence is present. After being in an overbought state, the price is struggling to stay above 60, but bears remain strong. 9: 5 Volatility measure Bollinger bands: A "M" pattern is forming, but the current leg has high volumes without breaking the previous high, indicating significant profit booking with large quantities. 10: 6 Strength ADX: Bulls are weaker at this level and appear to be resting, while bears are ready to take control again. 11: 7 Sentiment ROC: CAD is weaker than CHF. ✔️ Entry Time Frame: Daily 12: Entry TF Structure: Bearish 13: Entry Move: Impulsive 14: Support Resistance Base: Extreme order block or resistance level 15: FIB: Trigger event at an important area, including a trendline break. ☑️ Final comments: Clear sell signal 16: 💡Decision: Ready to sell after the previous candle's low is broken 17: 🚀Entry: 0.06670 18: ✋Stop Loss: 0.6864 19: 🎯Take Profit: 0.6404 20: 😊Risk to Reward Ratio: 1:4 🕛 Expected Duration: 30 days
Short
by Optimum369
4
CADJPY 1829 pips long setup (Low Prob)Probability: ~19% Reward (Target 1): 989 pips Reward (Target 2): 1422 pips Reward (Target3): 1829pips Risk: 44 pips Risk to Reward: 60 (34for target 1, & 48 for target 2) Aggressive entry 94.111 // OANDA Feed Conservative Entry 93.629 // OANDA Feed Stop loss 93.193 // OANDA Feed Take profit 1: 103.852 Take profit 2: 108.297 (Classic resistance) Take profit 3: 111.186 (Ideal Take profit) Precision of entry: High Probability of an 800 pips long straddle from current price >50% White scenario is more favourable than the red scenario
by Lyzerr
6
CAD/CHF Set To Fall! SELL! My dear followers , My technical analysis for CAD/CHF is below: The market is trading on 1.67896 pivot level. Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 1.67692 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
2
CADJPY - 240 MINS TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
Long
by Tradelikemee
AUDCHF I Will retest neck of double bottomWelcome back! Let me know your thoughts in the comments! ** AUDCHF 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. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
23
💱 CADCHF - Consolidation before the breakthrough CADCHF is forming a triangle. Inside the range, I drew a local upward support line to clearly understand the situation. A consolidation is forming that prepares the price for a resistance breakout. TA on the high timeframe: 1) A consolidation in the 0.68000-0.67200 range is forming after a rally to 0.68030. Buying market is quite strong 2) The liquidity area, which is interesting for the price, is above 0.68000, a false breakdown is possible. TA on the low timeframe: 1) Price forms a pullback to 0.382 Fibo and returns behind 0.236, confirming a local support line. 2) Nearest retest of the triangle resistance will cause price to go through it. 3) If resistance is broken through, the strengthening of the currency pair will continue. Medium-term target - resistance at 0.69332 Key resistance📈: 0.68030 Key support📉: 0.67827, 0.67727
Long
by AndeWave
11
CADCHF HigherTrying CADCHF higher here. We've recently broken out of the 100 DMA which has been a good indicator of trend for a while. I think the narrative has changed, CAD is doing well with a hawkish BoC and a good economy while i think that the SNB could disappoint on Thursday. CHF has been bought for a while on the basis of global growth worries which i think subsided a little recently with new china stimulus and overall global economies not rolling over in terms of hard data. Oil is mixed and but not suggesting lower either. rate differentials are pointing higher which should help. sentiment is starting to move higher and positioning is still fairly short on CAD which should help the move higher as well. Not trading/investment advise, feedback welcome!
Long
by Spinning_
CADCHF: Top of the 1 year Channel Down. Sell opportunity.CADCHF is approaching the top of the Channel Down pattern since May 2022, which is a little lower than the 1D MA200. The 1D technicals have turned green (RSI = 58.741, MACD = 0.003, ADX = 49.805), which indicates that we are entering the long term sell zone. The ideal sell confirmation will be after the 1D MACD makes a Bearish Cross. We will after the Cross is completed and target the LL trendline (TP = 0.63000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
3
CADCHF → Price is squeezing to 0.68000FX:CADCHF is forming a trend change. On the chart, we see an upward price channel, within which the price rests against the key resistance at 0.68000. What can we expect from the price in the nearest future? Resistance at 0.6800 has been forming since the end of March and has numerous confirmations. We can interpret the price squeeze to the level as consolidation of the buyers and gradual readiness of the market to break through this area in order to strengthen the price. Earlier there was a false breakdown of the trend support, after which the price forms an active bullish impulse. Support levels: lower trendline, MA-50, 0.67630, 0.67194. Resistance levels: 0.68030, 0.69312 I expect that gradual rise in price to the resistance level after the next retest will break this area and the bulls will be able to continue the growth with the aim to reach the level of 0.69312. Regards R.Linda!
by RLinda
18
CAD/CHF : A Long Setup Opportunity 📈Hi everyone!:) - Looking at the weekly charts, there's a strong upward trend that's also showing on the daily charts. This tells us the overall trend is quite bullish. - If we look at the 4-hour charts, there's a good break above a key monthly pivot point level at 0.67768. - On the 1-hour charts, we see a bullish engulfing candlestick closure, which also suggests an upward move. - But be careful of the 0.68000 mark. This is a level that a lot of traders might be looking at. So, keep an eye on it and make sure to manage and adjust your risk in case things turn around. good luck!:)
Long
by fxtraderkristina
CADCHF Potential DownsidesHey Traders, In today's trading session, our focus is on the CADCHF currency pair, specifically looking for a potential selling opportunity around the 0.68400 level. CADCHF is currently experiencing a downtrend and is presently in a correction phase. During this correction, the pair is approaching a significant support and resistance zone at the 0.68400 level, which could act as a crucial level for determining the pair's future direction. It is worth noting that this week, the Swiss National Bank (SNB) is holding a meeting, which makes it an event to watch closely. Market participants will be interested in any announcements or measures taken by the SNB to combat the depreciation of the Swiss Franc (CHF). The SNB's actions can potentially influence the CADCHF pair, as efforts to strengthen the CHF might contribute to a resumption of the downtrend in CADCHF. By keeping an eye on the SNB meeting and its impact on the CHF, traders can gain insights into potential movements in the CADCHF pair. If the SNB takes steps to bolster the CHF, it could potentially weigh on the Canadian Dollar (CAD) and contribute to a continuation of the existing downtrend in CADCHF. Therefore, it is important to monitor the SNB meeting and its potential effects on the CHF, as this could provide valuable information for assessing the future direction of the CADCHF pair. Trade safe, Joe.
Short
by JoeChampion
12