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CAD (Canadian Dollar)

CADCHF - Looking For Sell Setups ↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. CADCHF is overall bearish trading inside the falling broadening wedge pattern in red, and it is currently sitting around the upper trendline. Moreover, the zone 0.68 is a resistance zone. 🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper red trendline. As per my trading style: As CADCHF approaches the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
5
CADJPY Potential UpsidesHey Traders, In today's trading session, our attention is directed towards CADJPY, as we closely monitor a potential buying opportunity around the 103.900 zone. CADJPY is currently displaying an upward trend and is approaching a critical support level at 103.900, which holds significant importance. Furthermore, we are factoring in the latest development of an unexpected and hawkish rate hike by the Bank of Canada. This unforeseen decision has led to a surge in strength for the Canadian dollar, further adding to the potential attractiveness of considering long positions in CADJPY. Trade safe, Joe.
Long
by JoeChampion
9
CAD/CHF strong upside to come to 0.7303 - But we need to waitInv Head and Shoulders seems to be forming on the CAD/CHF Minor Currency Pair. There is a fight between Canada and Swiss Franc and it looks like Canada is preparing the troops for upside in the chart. We need to wait for the higher low to form (right shoulder). Then for the price to break above the neckline and it will be breaking above the medium term downtrend. 7>21 Price<200 RSI>50 Target 0.7303 INTERESTING FACT! Did you know how the CAD Canadian Dollar got it's nickname - Loonie from/ No not that! lol But I know you're thinking it. The name "loonie" originates from the bird depicted on the one-dollar coin. The common loon, a bird that is widespread in Canada, was selected as the emblem for the coin, leading to the currency's popular nickname. The loonie was introduced in 1987 (my brith year) as a cost-saving measure to replace the one-dollar banknote.
Long
by Timonrosso
CADCHF | BearishThe CADCHF chart is currently exhibiting a pattern of higher highs and higher lows, indicating an uptrend. However, it recently broke its previous higher low (HL), resulting in a change of pattern. The chart is now forming lower lows (LL) and lower highs (LH), which suggests a shift towards a downtrend. Additionally, the CADCHF chart faced rejection or encountered resistance at a strong level twice in recent times. This indicates that there is a significant barrier preventing further upward movement. As a result, the overall trend has shifted downward, suggesting a bearish sentiment for the CADCHF pair. It's important to note that technical analysis is just one aspect of trading, and other factors such as fundamental analysis and market conditions should be considered as well. Traders should use technical indicators in conjunction with other tools and analysis methods to make well-informed trading decisions.
Short
by awaisulabdeen
GBPCHF I Impulse correction and continuationWelcome back! Let me know your thoughts in the comments! ** GBPCHF 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
1
CADCHF: Time to Grow!CADCHF has recently shown a positive response to a key horizontal support level 0.6730. On the 1-hour timeframe, the price has formed an ascending triangle pattern, and the neckline has been successfully violated. This breakout suggests a potential bullish move ahead. 📈💥 Based on this analysis, I anticipate CADCHF to continue its upward trajectory. With a target of 0.6780, there is room for potential gains. Now might be the perfect time to consider capitalizing on this opportunity. 🎯💰 ------------------------------------------------------------------------------------------------------------------------------------------------ Remember, this contribution serves as an informative analysis and should not be construed as financial advice. Stay informed, stay connected, and happy investing! 🌟📈 ------------------------------------------------------------------------------------------------------------------------------------------------ 💰 Wishing you profitable trades and successful investments! 💰
Long
by michaelmolek
CADCHF - Trend-Following Setup ↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. CADCHF is overall bearish trading inside the falling broadening wedge pattern in red, and we are currently in a correction phase approaching the upper red trendline. Moreover, the zone 0.68 is a resistance zone. 🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper red trendline. As per my trading style: As CADCHF approaches the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
4