Cad-chf
CADCHF bullish breakout | 7th Jan 2022Price broke out of the descending trendline resistance, signifying an overall bullish momentum. We can expect price to bounce from the pivot level in line with 23.6% Fibonacci retracement towards the take profit level in line with 127.2% Fibonacci projection. Our bullish bias is further supported by the price holding above the Ichimoku cloud indicator.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
CADCHF is on bearish momentum!Prices are on bearish momentum and abiding to our bearish trendline . We see the potential for a dip from our sell entry at 0.72188 in line with 50% Fibonacci extension towards our Take Profit at 0.710881 in line with 100% Fibonacci extension . RSI is at a level where dips previously occurred.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
CADCHF is on bearish momentum!Prices are on bearish momentum and abiding to our bearish trendline. We see the potential for a dip from our sell entry at 0.72188 in line with 50% Fibonacci extension towards our Take Profit at 0.710881 in line with 100% Fibonacci extension. RSI is at a level where dips previously occurred.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
CADCHF bearish dip! | 6th Jan 2022Prices have recently broken out of our descending trendline. We see the potential for a restest from our sell entry at 0.71905 in line with 23.6% Fibonacci retracement towards our Take Profit at 0.71280 in line with 61.8% Fibonacci extension and 78.6% Fibonacci retracement. Divergence is spotted in RSI, further supporting our bearish bias.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
CADCHF bearish momentum! | 31st Dec 2021Prices are on bearish momentum. We see the potential for dip from our sell entry at 0.72185 which is an area of Fibonacci confluences towards our Take Profit at 0.71449 in line with 100% Fibonacci extension. Stochastics are at a level where dips previously occurred and prices are trading below MA 100 further supporting our bearish bias.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
CADCHF is on bearish momentum! | 29 Dec 2021Prices is on bearish momentum and abiding to our daily descending trendline. Our sell entry is placed at 0.71668 in line with 50% Fibonacci retracement and 61.8% Fibonacci extension towards our Take Profit at 0.71360 in line with 61.8% Fibonacci retracement . Technical indicators are showing bearish momentum.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
CADCHF is on bearish momentum! | 29 Dec 2021Prices is on bearish momentum and abiding to our daily descending trendline. Our sell entry is placed at 0.71668 in line with 50% Fibonacci retracement and 61.8% Fibonacci extension towards our Take Profit at 0.71360 in line with 61.8% Fibonacci retracement. Technical indicators are showing bearish momentum.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
CADCHF is on bearish momentum! | 28 Dec 2021Prices are on bearish momentum. We see potential for a dip from our sell entry at 0.71884 which is an area of Fibonacci confluences to our Take Profit at 0.70983 in line with 100% Fibonacci extension. EMA 60, Ichimoku and RSI is at a level where dips occurred previously.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
CADCHF is on bearish momentum! | 27th Dec 2021Prices are on strong bearish momentum. We see the potential for a dip from our sell entry at 0.72226 in line with 61.8% Fibonacci extension and 127.2% Fibonacci extension towards our Take Profit at 0.70970 in line with 100% and 127.2% Fibonacci extension. Prices are trading below our MA 100 and also MA cross 50 & 200 showing strong bearish continuation. Ichimoku is also supporting our bias with strong bearish momentum forecasts with red clouds.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
CADCHF bearish continuation | 21st Dec 2021Price is reacting in between the descending channel , signifying an overall bearish momentum. We can expect price to drop from the pivot level in line with 23.6% Fibonacci retracement towards 1st Support in line with 100% Fibonacci projection . Our bearish bias is further supported by the Ichimoku cloud where the price is holding below it.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
CADCHF bearish continuation | 21st Dec 2021Price is reacting in between the descending channel, signifying an overall bearish momentum. We can expect price to drop from the pivot level in line with 23.6% Fibonacci retracement towards 1st Support in line with 100% Fibonacci projection. Our bearish bias is further supported by the Ichimoku cloud where the price is holding below it.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
CAD/CHF Update!CAD/CHF doing well! After breaking structure on the retest of a huge Wyckoff Accumulation schematic we were planning for price to come down and spike out the liquidity which was resting below the equal lows which has played out perfectly! We have now seen a nice bullish reaction and are looking for more bullishness to continue! I managed to get an entry on a lower time frame break of structure and retest from which the trade is current 6% up with another 14% as a minimum still to go! I will be looking for a correction on the lower time frames for another entry.
CADCHF potential for dip | 9th DecPrice is abiding by the descending trendline and near the sell entry price of 0.72736 which is also 38.2% Fibonacci retracement. Price can potentially dip to the take profit level of 0.71336 which is the daily graphical overlap and 78.6% Fibonacci projection. Our bearish bias is supported by technical indicators.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
CADCHF short-term bullish bounce | 30th NovPrice is abiding to the ascending trendline on the daily, signifying overall bullish momentum. We can expect price to bounce from the pivot level in line with horizontal graphical support and ascending trendline support towards the take profit level in line with 100% Fibonacci projection and 38.2% Fibonacci retracement. Our bullish bias is further supported by the stochastic indicator where the %K line is at the support level.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Divergence appears and buying opportunity with CADCHFH4 time frame.
Structure: Uptrend.
Currently appearing a double bottom reversal pattern at 0.73200 and divergence signal from MACD.
Key level is clear at 0.74200. Wait for the price to increase sharply, break the key level and have a retest signal, then you can find buying opportunities.
The profit target is the 0.75600 price zone.
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Wish you all have a good trading day!
CADCHF - Trend-Following Buy Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow.
CADCHF is overall bullish and approaching daily support so we will be looking for buy setups on lower timeframes.
on H4: CADCHF is forming a channel in orange but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, CADCHF would be overall bearish can still trade lower inside the blue support before going up.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
CADCHF bullish continuation | 19th Nov 2021Price is abiding to the ascending trendline support on the daily, signifying bullish momentum. We can expect price to bounce from the pivot level in line with 78.6% Fibonacci retracement and ascending trendline support towards 1st Resistance in line 78.6% Fibonacci projection and previous swing high.
Our bullish bias is further supported by the stochastic indicator where the %K line is abiding to the ascending trendline support.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Wait for confirmation and buying opportunity with CADCHFH4 time frame.
Structure: Uptrend.
The downtrend showed a divergence signal and the price broke through Key level 0.73800.
Here, waiting for a confirmation retest signal and a bullish pattern to appear, a buying opportunity can be found.
Profit target is 0.75000 price zone.
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Wish you all have a good trading day!
CADCHF potential for bounce! | 11 Nov 2021Price is on a bullish momentum. We see a potential buy entry at 0.73382 in line with 61.8% Fibonacci retracement towards our Take Profit at 0.7366 in line with 61.8% Fibonacci retracement and 127.2% Fibonacci extension . Technical indicators are showing bullish momentum.
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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.