Get started

Cad-chf

Weekly FX Wrap: markets still hooked on Brexit saga...Weekly FX Wrap: markets still hooked on Brexit saga and gripped by pandemic DXY The Dollar remains on track to post solid safe haven gains vs G10 counterparts and most EM currencies, bar the YUAN that has resumed its upward trajectory with the aid of decent Chinese data and PBoC support via an aggressive reduction in the RRR for FX Forwards and forecast for a more pronounced GDP rebound in Q3. In response, the Cny and Cnh have both rebounded firmly from sub-7.7600 territory to around 6.6900 irrespective of more geopolitical, diplomatic and trade tensions between Beijing and various global peers. Back to the Buck, failure to resolve differences on US fiscal stimulus and polls pointing to a more convincing Biden victory vs Trump in early November with potential for a so called Blue clean sweep, have not hampered the Greenback for more than short, intermittent periods, while data has been mixed overall (benign CPI, firm PPI, bumper retail sales and feeble IP). Indeed, the index is midway between 93.910-005 parameters having tested both sides of the range several times and the principle factor keep the Dollar in demand is the more acute resurgence of COVID-19 spreading across Europe. GBP Sterling is still one of, if not the most volatile major, and largely at the whim UK-EU trade headlines that arguably reached new heights and frequency on ascent to the (mainly) Brexit Summit, with negligible slowdown in the pace or regularity in the aftermath. In short, UK PM Johnson was adamant that October 15 was the deadline to reach a deal or make meaningful progress on the 3 big issues at the very least, but a draft on Day 1 revealed shortcomings and crucially no breakthrough on fishing, and officials from both sides proceeded to lay blame for the lack of compromise on one another. Nevertheless, UK chief negotiator Frost and his EU equivalent Barnier saw enough grounds to extend talks further and the former met with Johnson to convince him to continue discussions, but evidently with only a degree of success as the PM subsequently declared that a Canada style deal will not work for Britain’s partners and its time for the nation’s businesses to prepare for the Australian version of an FTA that equates to no deal at all. But the drama did not stop there, and more episodes are in production as Brussels believes Johnson has not walked away from talks altogether even though a spox for Downing Street contends that negotiations are over and Barnier should only return to London next week if he and the EU are ready to fundamentally change stance and prepared to discuss all elements regarding a legal text or the practicalities about travel and haulage. Meanwhile, reports circulated that the EU may dangle energy as a carrot or rod to prize some leeway/flexibility from the UK on fisheries. Cable is currently circa 1.2930 within a 1.3082-1.2864 range and Eur/Gbp around 0.9065 compared to 0.9121 and 0.9008 at either end of the spectrum. AUD/NZD Aside from tracking broad risk sentiment and gleaning some consolation from a jobs report that was not as weak as expected, the Aussie has been undermined by RBA policy guidance from Governor Lowe all but signalling a 15 bp rate cut at the November meeting and latest curbs or bans on exports to China. On that note, Beijing imposed more stringent supervision on thermal and coking coal, while informing mills to stop importing cotton that could have a tariff of up to 40% slapped on. In response, Aud/Usd is hovering near the base of a 0.7248-0.7057 band and Aud/Nzd closer to 1.0704 than 1.0859 as the Kiwi managed to hold up a bit better than its Antipodean neighbour on cross tailwinds to large extent, but also an acceleration in NZ’s manufacturing PMI. Nzd/Usd is just above 0.6600 awaiting the outcome of weekend elections. EUR/JPY/CAD/CHF All taking leads from the general market tone and related moves in their US rival, though the Euro also had a somewhat disappointing ZEW survey to digest alongside the worrying rise in coronavirus cases that has reached new record levels in some of the bloc’s member states. Eur/Usd is barely maintaining grip of 1.1700 vs 1.1690 at worst and 1.1826 at one stage, in keeping with the Loonie clutching at 1.3200+ compared to 1.3259 and 1.3099 at best on return from Canada’s Thanksgiving holiday and before crude prices backtracked and manufacturing sales missed consensus. Elsewhere, mixed fortunes for the non-US Dollar safe havens, Yen and Franc, as Usd/Jpy traded towards the bottom end of a 105.86-05 corridor for the most part amidst dovish BoJ rhetoric, but Usd/Chf only veered under 0.9100 briefly to 0.9088 and was more active either side of 0.9150 before reaching an apex on Friday at 0.9163.
Short
by FTUKcom
3
CADCHF on the break of the resistance? 🦐CADCHF after touching the 0,382 fib level over a weekly descending trendline is starting now a new impulse. The market is moving inside an ascending channel and is below a daily resistance. IF the price will break and close above the minor structure as in the idea, we can set a nice long order according to Plancton' strategy. ––––– 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
4
Don't miss the great buy opportunity in CADCHFTrading suggestion: ". There is a possibility of temporary retracement to suggested support line (0.6920). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . CADCHF is in a uptrend and the continuation of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 71. Take Profits: TP1= @ 0.6938 TP2= @ 0.6949 TP3= @ 0.6964 TP4= @ 0.6988 TP5= @ 0.7007 SL= Break below S3 ❤️ 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 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 ❤️
Long
by ForecastCity
4
Don't miss the great buy opportunity in CADCHFTrading suggestion: ". There is a possibility of temporary retracement to suggested support line (0.6920). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . CADCHF is in a uptrend and the continuation of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 71. Take Profits: TP1= @ 0.6938 TP2= @ 0.6949 TP3= @ 0.6964 TP4= @ 0.6988 TP5= @ 0.7007 SL= Break below S3 ❤️ 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 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 ❤️
Long
by ForecastCity
4
CADCHF SELL CADCHF SELL (Market Execution) SL: 0.6947 TP:0.6863 Enter: Now Type of Trade: Swing Trade 3% or Lower of account! (You're a businessman, not a Gambler.) Hello Everyone. This Trade is part of my 2/3 pairs that I'm choosing to only trade for the remaining of the year. On the weekly/Daily, this screams bearish. On the 4hr time frame, we see where it broke structure at around .69279, and then it did a retest of that same area and came down to make a lower low. This is an 80% sell long term to the downside that probably won't play till next week. On the 1hr TF is where this trade will take place.
Short
by ApxnLiving
CADCHF - SWING - 28. SEPT. 2020Welcome to our weekly trade setup ( CADCHF )! - 1 HOUR Very bearish price action and pressure.. 4 HOUR Prices looking for more downside movements.. DAILY Overall bearish market, good entry levels! - FOREX SWING SELL CADCHF ENTRY LEVEL @ 0.69150 SL @ 0.69440 TP @ 0.68700 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Short
by DACapitalTrading
44
CADCHFCADCHF is displaying an ascending channel since September 21st. We can see price ranging upward between these two support and resistance channel lines. Currently, the price is at the 200 EMA. There is a single 4H bullish candle forming at the 200 EMA which is s slight sign of bullish rejection here. This suggests that we could see price reject at the 200 EMA and the support line to move upward toward the resistance long. Following more confirmation by a bullish 4H candle, I would be taking a long position. However, the 4h bullish candle could be a false signal. Sometimes, the price can break through the support level and the 200 EMA to become bearish. Should the price break below both the support level and the 200 EMA, I would take a short position on this pair. Until then, we wait for confirmation of either a bullish move or a bearish breakout.
by francesgurton
1
Don't miss the great buy opportunity in CADCHFTrading suggestion: ". There is a possibility of temporary retracement to suggested support line (0.6925). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . CADCHF is in a uptrend and the continuation of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 55. Take Profits: TP1= @ 0.6945 TP2= @ 0.6962 TP3= @ 0.6989 TP4= @ 0.7001 TP5= @ 0.7032 SL= Break below S3 ❤️ 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 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 ❤️
Long
by ForecastCity
10
Don't miss the great buy opportunity in CADCHFTrading suggestion: ". There is a possibility of temporary retracement to suggested support line (0.6925). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . CADCHF is in a uptrend and the continuation of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 55. Take Profits: TP1= @ 0.6945 TP2= @ 0.6962 TP3= @ 0.6989 TP4= @ 0.7001 TP5= @ 0.7032 SL= Break below S3 ❤️ 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 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 ❤️
Long
by ForecastCity
16
CADCHF BearishAfter forming a beautiful M and dropping price has been in range for days 9 in all. 9.5 depending on the kind of trader you are. So currently as I see it price is on Level 1, at the very top of level 1. Price can drop from here or continue upward to retest the breakout again. That would suck since I've entered 2 small positions. I will set limit orders for higher up in case of movement while I'm not in front of the chart. My timing may be off, but this is most def one to watch. Lets see if price falls from here!
Short
by SSJNat