CAD (Canadian Dollar)
CADCHF Update I It will explode to the upside but be patientWelcome back! Let me know your thoughts in the comments!
**CADCHF Analysis - Listen to video!
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✅TS ❕ CADCHF: downtrend✅✅ CAD CHF is moving in a downtrend.
The price retains the structure.
The chart will continue to decline. ✅
🚀 SELL scenario: short to 0.6836. 🚀
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CADCHF - waiting for the volatility explosion?CADCHF has been consolidating in a ever tighter range - but after such an extended period off sideways chop, are we ready for a more impulsive, momentum driven move?
We look at the fundamental variables that could see higher volatility and how crude also plays a key role
For now, traders will play mean reversion - but when the market reveals itself be dynamic and prepare to react.
USD/CAD. Bullish?The USD/CAD pair appears to be forming a Daily Bias retracement to continue the rally that I expect to continue through the remainder of the week. There is important news at 8:30 New York time, potentially at that time the entry of purchases breaking the lows of the Asian range and rising, a classic Judas Swing movement. The time of the news (UTC-6) appears in the images incorporated into the graph. The harmonic pattern Bat forming in tempralidades of 4h and the daily Bias.
USD/CAD Analysis:
Harmonic Pattern Bat:
Daily Bias:
News:
CAD/CHF DETAILED ANALYSIS (BUY SETUP)OANDA:CADCHF
HI TRADER'S , As you can see market is trading in ASCENDING TRIANGLE
Price is near to Ascending trendline
Buy entry can be activated once market Test trendline
Once 4hr Candle closes above 20 .50.200 Ema it will confirm buying setup
Our initial target will be upper trendline (resistance area)
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CADCHF I It will rise to the upside 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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Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
EURCAD I Potential intraday short from resistanceWelcome back! Let me know your thoughts in the comments!
**EURCAD 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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Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
CADCHF - LONG setup 🔥Hi everyone .Looking at the monthly time frame, it seems that the price is currently rejecting a strong support zone, while on the 12-hour time frame, there is a bullish engulfing formation that may cause a break of the MA 20/50. Similarly, on the 4-hour time frame, there is a strong bullish pressure as the bullish engulfing candlestick has broken and closed above all the moving averages. The price has two robust resistance zones, as marked in the picture, so if the first one is broken, the next target would be the second zone, potentially reaching TP3. However, tomorrow there are high-impact news events that could undoubtedly affect the CADCHF. 🙏🏼
CADCHF I Impulse correction and continuationWelcome back! Let me know your thoughts in the comments!
**CADCHF Analysis - Listen to video!
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Watch the magic - again...!watch the upwards move of the CHADCHF pair.
why I like this trade:
CAD perspective:
- CAD employment report with a BLOWOUT number (again!) with +150k jobs created (most of them fulltime)!
- BOC on hold but another job report like this and they will feel pressure for more rate hikes
- inflation falling in canada but core remains sticky (so far)
- migration is booming creating growth for GDP and housing
- housing so far steady (but a clear risk for sure)
- oil with upwards potential
CHF perspective:
- Swiss inflation is falling (although the CPI number today will beat the market expectations of 2.9% YY)
- SNB will hike 1 or max 2 times this year and then close their hiking cycle as inflation will get back to their target in H2 2023
- SNB have become sligthly more tolerant for CHF depreciation as shown in their FX sales numbers
- Trendfollowing Algos are heavily short CADCHF, they need to be squezzed out like a lemon
CAD/CHF Create Symmetric Triangle.
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CADCHF - SHORT setupBased on the overall analysis, CADCHF shows a strong bearish momentum in the market; on the daily time frame, it seems that CAD is pushing to break MA 50, and on the 4-hour, we have a recent closure of a bearish engulfing crossing all the MAs. I believe this setup has a strong potential to drop to the first area of sensitivity, which is the previous 4-hour bottom; if broken, we can even move further down to re-test the previous daily bottom.
✅TS ❕ CADCHF: new down trend✅✅ CAD CHF is traded in the resistance area.
The price forms a new downward movement.
I think the chart may continue to decline. ✅
🚀 SELL scenario: short to 0.6865. 🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
CADCHF The best option in the current long-term conditions is the above-mentioned channelized range.
2 patterns of harmonics can be considered to complete the reduction to the bottom of the channel
It can be expected to start from the range of 0.79403 and finish in the range of 0.64739. - ABCD
It can be expected to start from the range of 0.66208 and finish between the range of 0.64473 to 0.63806.-ANTI BAT
In the expected range of the two patterns, we have many percentages of Fibo and with a much smaller distance from it, we have the pivot point in the range of 0.65601, which can form a very important support area.
In the current situation, we can see the reaction between the two ranges of 0.67757 and 0.68858, which can be in the form of correction (ascension) and according to the Fibo projection, we can consider the completion of a zigzag, which overlaps with the two pivot ranges and provides a resistance range for A further reduction has been made.
CADCHF (BUY) 4H: Bullish Flag Pattern Price action is shaping up for another impulse up as sellers failed to push any lower creating a double bottom and a reversal impulse with price currently within a continuation correction.
Look for a buy opportunity within the up coming week.
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