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Cad-chf

CADCHF facing bullish pressure|18th June 2021CADCHF facing bullish pressure from ascending trendline support, horizontal swing low support in line with 100% Fibonacci extension, and 61.8% Fibonacci retracement. Prices might push up towards horizontal swing high resistance in line with 100% Fibonacci extension. If prices push down further, prices might take support on horizontal swing low support in line with 161.8% Fibonacci retracement and 161.8% Fibonacci extension. Ichimoku cloud is also below prices, showing bullish pressure for prices. 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.
Long
by FXCM
CADCHF testing the support 🦐After the break of the descending trendline, CADCHF tried to break above the daily resistance. The market never succeeds and lost strength moving lower over the support. According to Plancton's strategy if the price will break below we will set a nice short order. –––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
CADCHF testing the support 🦐After the break of the descending trendline, CADCHF tried to break above the daily resistance. The market never succeeds and lost strength moving lower over the support. According to Plancton's strategy if the price will break below we will set a nice short order. –––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
6
CAD - FUNDAMENTAL DRIVERSFundamental bias: Bullish 1. The Monetary Policy outlook for the BOC At the April meeting the BOC confirmed market’s speculation that they will start tapering their QE program, and followed through with a CAD1bln reduction per week. The bank also took a hawkish tilt by bringing forward their interest rate hike expectations to 2022 from 2023. The BOC is the first major central bank to step away from the ultra-easy policy put in place due to the pandemic. As long as the virus situation does not deteriorate meaningfully the bank is set to continue normalizing policy and potential hike rates in 2022. At a press conference this week, Governor Macklem explained that they have taken notice of the recent strength of the CAD. The Governor said that it’s something they are looking at and if the currency moves a lot higher (especially versus the Dollar) it could have ‘a material impact on its outlook and how we set monetary policy’. Even though this doesn’t change the bullish bias for the currency, it does mean that any further appreciation will be watched by the market and could spark some cause for concern. Thus, as a precaution, and alongside the extension of Ontario’s stay-at-home order, we have updated our previous strong bullish bias to bullish. 2. Commodity-linked currency with dependency on Oil exports Oil staged an unprecedented recovery after hitting rock bottom in 2020. The move higher has been partly driven by (1) supply & demand (OPEC’s production cuts); (2) improving global economic outlook (vaccine roll out and monetary and fiscal stimulus induced recoveries); (3) rising inflation expectations (reflation). Even though further gains will be an uphill battle after the push higher, the bias remains positive in the med-term as long as the supportive factors and drivers remains intact and should be supportive for the CAD in the med-term. 3. Developments surrounding the global risk outlook. As a high-beta currency, CAD has benefited from the market's improving risk outlook over recent months as participants moved out of safe-havens and into riskier, higher-yielding assets. Also, as a pro-cyclical currency, the CAD enjoyed upside alongside other cyclical assets after moving into an early post-recession recovery phase with expectations of global synchronized recovery. Even though the risks remain surrounding the virus and thus global economic outlook, the success of the global vaccination roll out should prove supportive for the CAD. Some participants have recently flagged that the recent appreciation of the CAD does look stretched, especially with the CFTC positioning in mind as well. That doesn’t change the bias of course, but it’s something to consider.
by thunderpips
CADCHF looking up 🦐CADCHFon the. 4h chart broke the daily descending trendline. The price is currently moving in a bullish price action and according to Plancton's strategy if the market will break above the resistance level we will set a nice long order. –––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
2
CADCHF broke the trendline 🦐CADCHFon the. 4h chart broke the daily descending trendline. The price is currently moving in a bullish price action and according to Plancton's strategy if the market will break above the resistance level we will set a nice long order. –––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger. May 24 Comment:
Long
by InkyGrip
2
CADCHF testing the trendline 🦐CADCHF is moving in a descending channel over a support area . According to Plancton's strategy if the market will break below we will set a nice short order. –––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
CadChf looking at current D1 whipping zone as a R zone...waiting for turn to occur to break 0.742 area to show clearer direction.. If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! 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. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
by Shadowing_The_Big_Boys
CADCHF testing the trendline 🦐CADCHF is moving in a descending channel over a support area. According to Plancton's strategy if the market will break below we will set a nice short order. –––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
4
💡Don't miss the great sell opportunity in CADCHFTrading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (0.7465). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . CADCHF is in a downtrend, and the continuation of the downtrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 36. Take Profits: TP1= @ 0.7415 TP2= @ 0.7395 TP3= @ 0.7378 TP4= @ 0.7355 TP5= @ 0.7310 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity
7
💡Don't miss the great sell opportunity in CADCHFTrading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (0.7465). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . CADCHF is in a downtrend, and the continuation of the downtrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 36. Take Profits: TP1= @ 0.7415 TP2= @ 0.7395 TP3= @ 0.7378 TP4= @ 0.7355 TP5= @ 0.7310 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity_World
17
CADCHF: Important Decision Ahead 🇨🇦🇨🇭 CADCHF is testing a key daily level. Depending on the reaction of the market to that I see two potential scenarios: To short with a confirmation, I will wait for a bearish breakout of a rising parallel channel. Once its support is broken, bearish continuation will be expected to 0.74 level. To buy with a confirmation, wait for a bullish breakout of a horizontal key level (daily candle close above). Once the underlined resistance is broken, bullish continuation will be expected to 0.76 level. Taking into consideration that the market is trading in a long term bullish trend, I remain bullish biased. What do you think will happen?
Short
by VasilyTrader
13
CADCHF looking up 🦐CADCHF on the 4h chart end the retracement and now testing a minor resistance structure. According to Plancton's strategy if the market will break above we will set a nice long order. –––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
6