CAD (Canadian Dollar)
CAD/CHF Massive Short! SELL!
My dear subscribers ,
This is my opinion on the CAD/CHF next move:
The instrument tests an important psychological level 0.65969
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.66651
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
CADCHF Is Going Down! Sell!
Here is our detailed technical review for CADCHF.
Time Frame: 5h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 0.659.
Considering the today's price action, probabilities will be high to see a movement to 0.655.
P.S
We determine oversold condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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CADCHF - Long opportunity - H4CADCHF - Long opportunity - H4
Might be a short or strong pull back to the upside.
We are in no mans land.
CADCHF Potential DownsidesHey Traders, in today's trading session we are monitoring CADCHF for a selling opportunity around 0.66100 zone, CADCHF is trading in a downtrend and now seems to be in a correction phase in which it is approaching the major trend at 0.66100 support and resistance zone. We would also consider some potential CHF strength as it's considered a classic safe haven.
Trade safe, Joe.
CADCHF 27/APR/2023CADCHF has been trading within a bearish channel since early 2022, and the price is currently consolidating inside bearish channel pattern. The recent price action has approached the support level of the bearish channel, which suggests that there is a possibility of a rebound or a bounce upwards.
The stochastic 5,3,3 indicator has crossed below the oversold value, which indicates that the momentum of the price is turning bullish. This is a positive signal for a potential rebound, as it suggests that the selling pressure may be weakening.
However, a breakout could occur through the bearish channel support area, which could lead to a deeper decline in the price.
This technical analysis is for educational purposes only and should not be considered as trading advice. Trading in the financial markets involves risks, and it is important to always manage your risk appropriately.
CAD/CHF LONG SETTING UP Here is one that I forgot to publish a couple of weeks ago. I think it will push up soon based on what my indicators are showing. FX:CADCHF
CAD CHF | TRADE | DECRYPTERS Hi welcome to Team Decrypters
There is a Decent SWING LONG opportunity for CADCHF
TRADE UPDATE: CADCHF dropping to its target of 0.6472Box formation formed on Daily.
We now have an M Formation (confirming further downside).
Once the price broke below, we had our first target in mind.
Which it's now heading to with grace.
200>21>7 - Bearish
RSI<50
Target remains 0.64720
SMC
Buy side liquidity (Above the M Formaiton). This is where Smart money comes and sweeps the buying (selling into it) which creates supply and downside for the market.
All signals are down.
CAD/CHF A Fall Expected! SELL!
My dear friends ,
This is my opinion on the CAD/CHF next move:
The market is trading on 0.65444 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 - 0.64828
My Stop Loss - 0.65821
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
CADCHF LONGDivergence trade. Price looks exhausted and we have divergence on the daily, 4hr and 1hr TF. 2:1 set up
✅CAD_CHF STRONG DOWNTREND|SHORT🔥
✅CAD_CHF is trading in a
Strong downtrend and the pair
Just broke out of the bearish
Triangle pattern and the
Breakout is confirmed which
Reinforces our bearish bias
On the pair and I think that
After the pullback and retet
The price will go down
Towards the 0.65 level
SHORT🔥
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CAD/CHF: Continuing Bearish Trend and Short Setup OpportunitiesThe CAD/CHF currency pair has been caught in a bearish trend since the 4th of April, and this downward trend has persisted, leading to the historical minimum for this pair. Currently, the price movement is not indicating any signs of a reversal or retracement, leaving traders uncertain about where the bearish rally will eventually come to a halt. Across all timeframes, the price continues to exhibit a bearish trend, presenting traders with limited opportunities. Consequently, the best approach for traders is to focus on short setups and continue following the prevailing trend.
Given these circumstances, our suggested strategy would be to maintain a bearish outlook and seize any opportunities that arise for short positions. This would allow traders to capitalize on the current market dynamics and potentially earn some gains.
W9-24 CADCHF BEARISH IDEA (BEARISH FLAG)Potential Bearish Entry
Dow Theory In Place - Lower lows and lowers lows Expected in Place (Trend continues)
Formation of bearish flag coupled with bearish divergence (continuation pattern)
SL & TP Levels are defined.
sell CADCHF now good chance dont miss itAccording to our strategy and analysis, we see a good opportunity
to selling CADCHF, don't miss it
(Risk Reward 1:+3)
(tp1 hit: move sl to entry point and take half profit)
Tp1:0.66717
Tp2:0.66570
Sl:0.67158
CAD/CHF BEARS ARE GAINING STRENGTH|SHORT
Hello,Friends!
CAD/CHF is making a bullish rebound on the 3H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 0.662 level.
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CAD/CHF Volume Profile 📊 and Price action analysis 📋On CAD/CHF is nice to see strong buying reaction from the price 0.66640, there is nice to see strong volume area....
Where is lot of contract accumulated...
I thing that buyers from this area will be defend this long position...
and when the price come back to this area, strong buyers will be push up the market again...
Uptrend + Volume cluster are my mainly reason for this long trade....
Happy trading
Dale
CADCHF HigherTrying CADCHF higher here.
some good hammers on the daily chart for the pair right at a support area.
the CAD narrative is changing i believe and becoming better, the economy is doing well and now that other central banks are nearing peak rates the dovish BoC over the year so far is less of an issue for CAD.
rate differentials and oil and pointing higher for the pair, both have been good correlations.
sentiment and positioning is extremely low which should help the pair. Especially if the CAD narrative changes as a lot of people are still short CAD. The CAD seasonals are also good for april so this should help also.
Not trading/investment advise, feedback welcome!
CADCHF Chart H4Here is my view for CADCHF on H4. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
BULLISH SETUP ON CADCHFHey Traders,
Check this out on CADCHF, the pair just broke the bearish trendline after making a sizeable inverse head and shoulder.
I am anticipating for a retest then look of a good buy entry.
Check it out and Good luck.
