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CAD (Canadian Dollar)

CADCHF: The market is reacting around a strong SWING!Hello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the CADCHF, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Higher timeframe: Lower timeframe: In HTF this market reached an interesting swing at around 0.71700, which reversed the direction the last March. At the end of September 2022, it approached on the current area, double topping and reversing, after it has been moving inside a descending channel for almost 6 months. Currently, the price is correcting (still inside the structure ) with a possibility to see further bullish price action. When, where and why would we step into the market? The market is not ready for a long trade, not so much space inside the structure to enter long with a good RR, however, a breakout to the upside of the main structure would be an interesting entry point to take advantage of! If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias! Sincerely, Cybernetics Trading Lab
Long
by Cybernetics_tl
16
CAD/CHF: Update!!!In this analysis from Friday and very update, we see that Canadian Dollar/Swiss Franc continue to my led direction in the upside. So, I see that H1 timeframe look strong bullish. The only udpate will be to put a break-even in $0.7304 CHF. That it's to cut loss like 12 pips what I enter $0.7316 CHF. What in this moment, I have 34 pips in profit. And move the target profit toward $0.7390 CHF. If CAD/CHF hit my target profit, my result will be 74 pips in earnings. Now, watching in H4 timeframe still bullish, and taking a good point what I bought!!! Now, I believe that CAD/CHF it's leading to the top of this higher low line that I draw. in 2 times, made a higher low in the price. What I thought that it's in the reaction that the price drive us. So, this it's a good opportunity to look!!! ***Now, on this wednesday, we have impotant event to watch like 1. FED Interest Rate Decision, what U.S. Central Bank expect to raise 4% as they forecast, vs. the previously 3.25%. Also, we have another event to watch during this week like rates in Bank of England interest rate desicion, and many other important event to watch in Forex market. Good luck!!!
Long
by harisonhbn9718
5
💵Canadian Dollar/Swiss Franc 💵(Short term,11/01/2022)!!!Canadian Dollar/Swiss Franc was able to break the Trend lines and now is pulling back to them. The structure of the pullback is a Rising wedge pattern. Canadian Dollar/Swiss Franc bounced back from the upper line of the Rising wedge with the Bearish Engulfing candlestick pattern. I expect the Canadian Dollar/Swiss Franc will go down at least until the support zone. 🔅Canadian Dollar/ Swiss Franc ( CADCHF ) Timeframe 8H⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
2
CAD/CHF: Review!!!In this review, this was another analysis that I made in the past week. So, when I knew very good that CAD/CHF was dropping with the case like CAD/JPY, both pars are in dropping. And also, I made a very good analysis what I was shorting from Wednesday, October 26 2022. In the short from $0.7302 CHF and my target fix to $0.7230 CHF. Also, when came the interest rate decision by Bank of Canada, Canada currency drop significantly as I knew very good and only reach $0.7242 CHF, it's was so far to reach my target profit with less 12 pips approximately. This was a screenshot that I post in my previously CAD/CHF analysis that my technical analysis was driven by fundamental analysis very good in this formation of this bullish channel, what we canto appreciate a bearish rising wedge in the higher point of this bullish channel. So, when the price up, I inevitably closed up this long position got a small loss of 1.16%. When before I was in profit around 46 pips, but if i would have to closed up the short in the $0.7278 CHF. So, I would got 24 pips in profit at least. But after the price go back to the previously level at $0.7310 CHF. I entry in short again with my iPhone, but until I see that bullish rising wedge when I analyze in my laptop, the price was spoke me that it's bullish strong candlestick that it's moment to closed up again a short position, but the small was so diminutive like 0.07%, very near when I open the 2nd trade that I was going to shorten. So, in total of loss in this trade was 1.16% and 0.07% = 1.23%. And to update more, so, I kept in profit in 8.53%. So guys, I would have to got this profit if only I closed up manually in the pivot of this bottom in this bullish channel. But everything will be a practice. A widely word that I learn it's the following "The practice make the master" But well, it's no so bad these trades, but my experience will grow up through this case and process to be very prepared. I don't feel much anxiety or fear to trades. but my perspective I knew it very good. The only to improve in CAD/JPY and CAD/CHF it's only be pending and very update when occur when i have trades and what the price speak us. So, I have left to analyze USD/CAD, but never goes to my sell order limit, but I see that my perspective was excellent in my another trade that I'm just analyzed. This trade could be another excellent opportunity to take. Anyway, I will analyze making a review to know how the price drop and never goes to my order place when I knew my bearish perspective very well. So, as I made 8.54% in profit and vs the past week, I made 13.67% in profit during this month. So, I made 22.21% in profit. Only the best trades was GBP/USD and Ethereum during this month. Now, I'm currently long CAD/CHF from Friday that I decide to run this trade in this week. So, we hope that Forex market open up soon. I will post in the link to related idea my another review and my currently trades.
Long
by harisonhbn9718
1
CADCHFbeing held at 0.7320, looking to short .. week of 24 Oct. This pair has been bearish since June, but more recently it has been trying to break above that area. Another attempt is in progress now but in my opinion that will also fail. I am expecting price to turn around and resume the overall bearish trend. I will be looking for some bearish price action in s/r zone on a lower time frame to target the 0.7120 area. If this works out as per my expectation, we may have a 5R trade. Always use sound money and risk management and stay patient in all your trades. If you like my analysis, please give it a “thumbs up” and follow me to get even more awesome content. What do you think about this trade idea? Please comment and share your thoughts!!
Short
by Trading_Vista
4
CAD/CHF: Long position; updateIn this little update, as I was first in short from yesterday until I watching that CAD/CHF break up this pattern that formed a bullish rising wedge, So, as I closed up my short position with a small loss of 1.33% as I was in two order to the short. For what, analyzing this case, it's bullish scenario. But everything could to happen in Forex market to give me the exercise to improve my skills in trading. What we see it's a bullish rising wedge and the price made this pull back and confirmation in this point ,what I'm in long from this morning from $0.7317 CHF and Stop Loss to $0.7288 CHF. And my fix target toward $0.7372 CHF. We see a bullish scenario case. So, I will calculate any loss or earn in this trade in the next week, as I decide to hold this position and run until next week. What my result I will post fo November 2022. Tomorrow I will make my last review of my Forex par to analyze it, and then know what was my monthly percentage in this month. Good luck!!!
Long
by harisonhbn9718
CAD/CHF: UpdateWe're in our direction as I predicted very well, that Canadian Dollar will drop, right now, today after the unexpected economic data that Bank of Canada was less aggressive that only jump 50 bps and not 75 bps, this was a kill movement that central bank it's less aggressive to hike interest rate We're in profit in CAD/CHF from yesterday that I entry in short after that I identify a clear bearish signal by price action with a lot chance that Canada currency will drop. But definitely, the result was pretty good entering for now in the good point shorting. I have 31 pips in profit. The price it's around 0.7270 CHF and my target fix to $0.7230 CHF. Now, I made this screenshot showing that our key support it's in my fix target to $0.7230 CHF. So guys, at the moment, we're ok in this trade. Now, we should to look the candlestick in formation that if this candlestick closed up with bearish signal, we could to make a break even to cut loss in the Stop Loss. So guys, hold this position if you're in short in CAD/CHF. Also, I'm shorting CAD/JPY too and I look that I'm in profit too very well!!!
Short
by harisonhbn9718
8
CADCHF Previous Target hit. Sell now, unless breakout happens.The CADCHF pair gave us a perfect buy 1 month ago after we spotted the RSI Bullish Divergence and the price rebounded strongly on the 1 year Support Zone: Our 1D MA50 (blue trend-line) target was successfully hit and now we see the price struggling to close above it. This continues to print the same sequence as the fractal that helped us spot the Bullish Divergence in early July. As you see on July 13, that rebound within the Channel Down was also rejected on the 1D MA50 and pulled-back to make a Lower Low. At the same time, its Symmetrical move that rebounded on the 1 Year Support also on December 20 2021, formed a short-term Channel Down (red pattern) that broke within the 0.618 - 0.786 Fibonacci Zone before rebounding above the Symmetrical Resistance Zone. As a result, our moderate short-term Target is the 0.618 Fib at 0.7200 and are willing to buy only it the price breaks above the Symmetrical Resistance in which case we can long a strong rally targeting 0.7500, 0.7600, 0.7700 and 0.7800 in succession. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
1