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Cad-chf

CADCHF Rejected on the 1D MA200. Sell opportunity.It has been more than 4 months since our last analysis on the CADCHF pair (October 10 2023, see chart below), which was a sell signal that hit directly our 0.64800 Target: The current signal is no different, as the continuous rejection on the 1D MA200 (orange trend-line) since February 13, is giving a strong sell signal, which will be confirmed once the 1D MACD forms a Bearish Cross. As you can see, the pattern since December 2022 is a Channel Down and every 1D MACD Bearish Cross above 0.00, has formed a Lower High, hence issuing a strong sell signal. Our Target is the top of the Support Zone at 0.63500, which has been the first Target during the previous 2 Lower High rejections. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
CADCHF: Six month Support Zone holding.CADCHF has held trading over the six month S1 Zone for the eight straight session. Obviously this turned the 4H timeframe (and below) neutral (RSI = 52.551, MACD = 0.000, ADX = 32.796), which makes for a solid bottom formation. On a wider look it appears that the original Channel Down transitioned into a Rectangle of a R1 and S1 Zone. The 1D MACD Bullish Cross will give the buy signal if formed and our target will by the LH trendline of the Channel Down (TP = 0.67850). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
CAD/CHF Sell Trade: Navigating Oil Dynamics and Safe HavensAlright, let's break down this CAD/CHF sell trade. 📉 First off, if you peek at the monthly and weekly charts, you'll notice this pair's still riding the bearish wave. 📊 On the hourly chart, buyers seem to be in control and have pushed the market into overbought territory. 📈 Now, my eye's on two attractive targets: 0.65750 and 0.65000. 🎯🎯 Now, a bit of context: CAD's been on a rally lately, thanks to the surging oil demand. 🛢️ But, I've got a hunch that this momentum might not last much longer. Why, you ask? Well, CAD's closely tied to oil, and with all the uncertainties in the world, the oil demand might waver. 🌍 And don't forget about the Swiss Franc - it's a safe haven currency, especially in turbulent times. Given the current global climate, I think it's gonna stay strong. 💪 No stop losses this time. I'm playing it cautious with small lots, about .01 for every 1000 USD. Keep an eye out for updates! 🚀
Short
by GlobalHorns
CADCHF BUY | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis. Watch strong action at the current levels for BUY . GOOD LUCK! Great BUY opportunity CADCHF I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Long
by TheGrove
CADCHF - Around The Lower Bound Again!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. on Weekly: Left Chart After rejecting the 0.68 resistance, CADCHF traded lower and it is currently hovering around the lower bound of the range, and support 0.65. on H1: Right Chart For the bulls to take over, and activate our buy setup, we need a break above the last high in gray. Meanwhile, CADCHF would be bearish and can still trade lower inside the green weekly support. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
6
CADCHF Pure Resistance - Support trade.The CADCHF pair is trading within a 5-month Rectangle pattern. Following the rejection on the 0.68310 Resistance and establishing the price action below the 1D MA200 (orange trend-line), it should begin the final bearish phase towards the 0.64600 Support. The 1D MA50 is in between but after the 1D MACD formed a Bearish Cross, it shouldn't hold. Our target is 0.64800. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
CADCHF - Over 1000pips Banked. What Is Next?CADCHF has given us over 1000pip worth of setups. We are now looking for one more trade setup to complete this bearish wave. We know that Waves 1, 3 and 5 have a 5 wave structure. We are currently in wave 5 and looking for 5 subwaves to complete the bearish sequence. Trade idea: - We are in subwave 1 (of wave 5) - Watch for subwave 2 retracement - price should not go above 0.683 = invalidation level - Targets: 0.645 (300pips), 0.62 (550pips) Goodluck and as always, trade safe! See our previous CADCHF setups below:
by WicktatorFX
7