Get started

CAD (Canadian Dollar)

Falling towards 23.6% Fibonacci support?CAD/CHF is falling towards the pivot and could potentially bounce to the 1st resistance. Pivot: 0.65290 1st Support: 0.64969 1st Resistance: 0.65874 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
3
CADCHF Trading Plan - 18/Jun/2024Hello Traders, Hope you all are doing good!! I expect CADCHF to react from the highlighted zone. Currently CADCHF is in bigger correction & I am still seeing the potential bigger move towards upside. Plan to Trade: If market starts to correct from current levels upside, then short term sells are possible. Look for your BUY entry setups as per the above expectations. Your follow and like will be a token of appreciation. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
Long
by For3xScalper
2
Audchf and chf crosses looks bearish as mentionedHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. If you have followed my video, i mentioned about shorting on chf crosses . It has came down quite a bit and i think it will still continue on...let's see how it play out this week. :) can look at cadchf etc.. Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
Short
by Shadowing_The_Big_Boys
1
CADCHF - Strong Support!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 As per our last analysis, attached on the chart, CADCHF has rejected the red circle resistance and traded lower. What's next? Currently, CADCHF is hovering around a strong support zone marked in green. 🏹 As long as the support holds, we will be looking for buy setups on lower timeframes. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
4
CADCHF, expect multi-weekly gains. HUGE price shift coming!I'll keep it simple. When monthly data tells you something, don't doubt anymore. SEED on this pair then leave for a few months. Upside prospect pricewise + Positive long swap for interest rates. Double win. :) KEY NOTES: MONTHLY PRICE SHIFT, first one in ages. HISTOGRAM SHIFT. Huge hint. FIRST bubble up volume since June 2022, first one after a year! No brainer. One of the pair to look out for the year. Spotted at 0.6750 TAYOR Safeguard capital always.
Long
by JSAL
CADCHF My Opinion! BUY! My dear subscribers, CADCHF looks like it will make a good move, and here are the details: The market is trading on 0.6511 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 0.6516 About Used Indicators: The average true range ATR plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
2
CAD/CHF: Bullish Reversal Expected at Key Support levelThe CAD/CHF currency pair is currently forming a Bullish Crab Harmonic Pattern (XABCD). Point D, identified as the Potential Reversal Zone (PRZ), aligns with multiple technical confluences, suggesting a high probability for a bullish trend reversal. ______________________Key Technical Confluences____________________ Potential Reversal Zone (PRZ): Point D, our PRZ, is critical for anticipating a trend reversal. It coincides with: Key Support Area: This area has historically acted as a strong support level, providing a firm foundation for a potential bullish reversal. Daily Trend Line: The PRZ intersects with a long-term daily trend line, reinforcing the likelihood of a reversal. 61.8% Fibonacci Level: The PRZ also aligns with the 61.8% Fibonacci retracement level, a significant indicator of potential price reversal in harmonic patterns. Entry Strategy: To capitalize on the anticipated bullish trend reversal, we recommend taking a position at the breakout of the resistance level near 0.65370. This level is crucial as a successful breakout here confirms the reversal pattern. Stop Loss: Place the stop loss slightly above the support level at 0.65590 for risk management. This placement ensures protection against false breakouts and market volatility. Take Profit Targets: We have outlined three profit levels to maximize returns while managing risk effectively: TP-1: 0.65150 TP-2: 0.64930 TP-3: 0.64710 Each take-profit level offers a strategic point to secure profits as the market progresses in our anticipated direction. Conclusion: The convergence of technical factors at Point D strongly indicates a potential bullish reversal for CAD/CHF. By aligning our entry, stop loss, and take profit levels with these confluences, we enhance our trading strategy's robustness and probability of success. Trade with caution and ensure adherence to your risk management protocols.
Long
by trading_jupiter
2
CADCHF: Accumulation & Indecision 🇨🇦🇨🇭 CADCHF is stuck between 2 key horizontal structures. The price formed a narrow range where trading volumes are currently accumulating. Depending on the reaction of the price to the boundaries of the range, I see 2 potential scenarios. If the price breaks and closes above 0.6532 the resistance of the range, it will be the important sign of strength of the buyers and with a high probability growth will continue. Next goal will be 0.657 If the price breaks and closes below 0.659 - the support of the range, a further decline will be expected, at least to 0.647. Wait for a breakout, it will give you an accurate and reliable confirmation. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
1
CADCHF Is Going Up! Buy! Take a look at our analysis for CADCHF. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 0.664. Considering the today's price action, probabilities will be high to see a movement to 0.669. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
CADCHF - Ready For The Next Impulse 📉Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 CADCHF has been overall bearish, trading within the falling channel in red. At present, CADCHF is hovering around the upper bound of the channel acting as a non-horizontal resistance. Moreover, it is retesting the upper bound of the short-term symmetrical triangle marked in orange. 🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the upper orange and red trendlines. 📚 As per my trading style: As #CADCHF is around the 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
by TheSignalyst
CADCHF short idea CAD/CHF currency pair is exhibiting significant bearish potential, driven by anticipated actions from the Bank of Canada (BOC) and the overall bearish trend of the US dollar, which indirectly impacts the Canadian dollar. Fundamental Analysis : Bank of Canada's Monetary Policy: The BOC is widely expected to lower interest rates in the near future. A rate cut would weaken the Canadian dollar as investors seek higher yields in other currencies. The dovish stance of the BOC is a key bearish factor for the CAD/CHF pair. US Dollar's Bearish Outlook: The overall bearish sentiment towards the US dollar also indirectly impacts the Canadian dollar due to the close economic ties between the US and Canada. As the US dollar weakens, it often leads to a spillover effect, dragging down the Canadian dollar further against other currencies, including the Swiss franc. Technical Analysis : Technically, the CAD/CHF pair has recently shown signs of downward pressure, breaking below key support levels. Momentum indicators like the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) suggest a continuation of the bearish trend, reinforcing the downside potential. Conclusion : Given the Bank of Canada's likely rate cuts and the overall bearish trend of the US dollar, the CAD/CHF pair is poised for further depreciation. Traders should consider this an opportune moment to explore short positions, anticipating continued weakness in the Canadian dollar against the Swiss franc.
Short
by Metow1sw