CADCHF Potential DownsidesHey Traders, in today's trading session we are monitoring CADCHF for a selling opportunity around 0.66600 zone, CADCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.66600 support and resistance area.
Trade safe, Joe.
CAD-CHF-SELL
CADCHF Potential DownsidesHey Traders, in today's trading session we are monitoring CADCHF for a selling opportunity around 0.64900 zone, CADCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.64900 support and resistance zone.
Trade safe, Joe.
CADCHF Potential DownsidesHey Traders, in today's trading session we are monitoring CADCHF for a selling opportunity around 0.67900 zone, CADCHF is trading in a downtrend and currently seems to be in a correction phase in which it is approaching the trend at 0.67900 support and resistance zone.
Trade safe, Joe.
CADCHF Potential DownsidesHey Traders, In today's trading session, our focus is on the CADCHF currency pair, specifically looking for a potential selling opportunity around the 0.68400 level. CADCHF is currently experiencing a downtrend and is presently in a correction phase. During this correction, the pair is approaching a significant support and resistance zone at the 0.68400 level, which could act as a crucial level for determining the pair's future direction.
It is worth noting that this week, the Swiss National Bank (SNB) is holding a meeting, which makes it an event to watch closely. Market participants will be interested in any announcements or measures taken by the SNB to combat the depreciation of the Swiss Franc (CHF). The SNB's actions can potentially influence the CADCHF pair, as efforts to strengthen the CHF might contribute to a resumption of the downtrend in CADCHF.
By keeping an eye on the SNB meeting and its impact on the CHF, traders can gain insights into potential movements in the CADCHF pair. If the SNB takes steps to bolster the CHF, it could potentially weigh on the Canadian Dollar (CAD) and contribute to a continuation of the existing downtrend in CADCHF.
Therefore, it is important to monitor the SNB meeting and its potential effects on the CHF, as this could provide valuable information for assessing the future direction of the CADCHF pair.
Trade safe, Joe.
CADCHF Potential DownsidesHey Traders, in the coming week we are monitoring CADCHF for a selling opportunity around 0.66700 zone, CADCHF was trading in an uptrend and successfully managed to break it out. currently CADCHF is in a correction phase in which it is approaching the retrace area at 0.66700 support and resistance zone.
Trade safe, Joe.
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 Potential DownsidesHey Traders, in the coming week we are monitoring CADCHF for a selling opportunity around 0.67000 zone. CADCHF was trading in an uptrend and successfully managed to break it out and now seems to be in a correction phase so i will be watching a potential retrace of the trend at 0.67000 support and resistance levels.
Trade safe, Joe.
CADCHF Breakout and potential retraceHey Traders, in today's trading session we are monitoring CADCHF for a selling opportunity around 0.677 zone, CADCHF was trading in an uptrend but then successfully managed to break it out. IF we get a decent correction i would look to sell a potential retrace of the trend around 0.677 support and resistance zone. the next major support and resistance CADCHF should be facing is 0.67000.
Trade safe, Joe.
CADCHF Potential DownsidesHey Traders, in today's trading session we are monitoring CADCHF for a selling opportunity around CADCHF is trading in a downtrend and extending pullbacks seem to be approaching the major trend around 0.68600 zone. we expect that CHF could outperform commodities as it's considered a classic safe haven with current environment.
Trade safe, Joe.
CADCHF:Potential CAD weakness against Classic safe havensHey Traders, in the coming week we are monitoring CADCHF for a selling opportunity around 0.67700 zone, CADCHF is trading in a downtrend and extending pullback seems to be approaching the major trend around 0.677 previous support. fundamentally CHF is still considered a safe haven along with JPY in an environment full of uncertainties and banking sector crisis
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