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Cad-chf

CADCHF BuyTrade Rationale: The CAD/CHF pair is currently showing signs of short-term bullish momentum, presenting a potential trading opportunity. The Canadian Dollar (CAD) has displayed strength against the Swiss Franc (CHF), indicating a possible upward movement in the exchange rate. Technical Analysis: Support Levels: The pair has found support at a key level, indicating potential buying interest. Moving Averages: Short-term moving averages are crossing above longer-term ones, suggesting a shift towards bullish sentiment. MACD Indicator: The MACD histogram is showing positive divergence, indicating possible upward momentum. RSI Indicator: The RSI is moving towards the overbought zone, suggesting increased buying pressure. Trade Execution: Entry: I recommend entering a long position at or near the current market price Stop-Loss: Set a stop-loss order at previous low to limit potential losses in case the market moves against the trade. Take Profit: Consider taking profits at X.6-7xxx or below, where resistance is likely to be encountered. Risk Management: Position Size: Determine an appropriate position size that aligns with your risk tolerance and trading strategy. Risk-Reward Ratio: Ensure that the potential reward justifies the risk, aiming for a favorable risk-reward ratio. Monitoring and Adjustment: Stay vigilant and monitor the trade as it progresses. If the market behaves contrary to the bullish perspective, be prepared to adjust your position or exit the trade based on your risk management strategy. Disclaimer: Trading in the foreign exchange market involves a significant level of risk and may not be suitable for all investors. This trade summary is for informational purposes only and should not be considered as financial advice. Always conduct thorough research and consider seeking advice from a qualified financial professional before making trading decisions.
Long
by creamygem
CADCHF - Watch For Breakout!Following on from our last CADCHF post, which resulted in a full TP of 900pips, we have found another great opportunity. We are currently in wave 4, which appears to be a ABC correction. We are looking to trade the C leg of wave 4. We anticipate that wave B has completed therefore we can use the lows of wave B as invalidation level for our bullish trade. Trade idea: - Watch for bullish price action and enter - stop loss below wave B completion (basically the lows) - Target: 6.8 (300pips) but do actively manage your positions as we move higher. See our last CADCHF post here: Goodluck and as always, trade safe!
by WicktatorFX
2
Cadchf should have more downside coming **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! 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!
Short
by Shadowing_The_Big_Boys
CADCHF, D1 | Reversal off major resistancePrice is testing major resistance at 0.6806 which is an overlap resistance that stretches way back. It also coincides with the 23.6% Fibonacci retracement and a descending channel resistance. If price were to reverse from here, we could see it drop all the way to support at 0.6626 which is an overlap support and 61.8% Fibonacci retracement. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party provider). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Name of third party provider. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Forex Capital Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM EU LTD (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM Australia Pty. Limited (www.fxcm.com): ** Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com FXCM Markets LLC (www.fxcm.com): Losses can exceed deposits.
Short
by FXCM
CADCHF: Top of the 1 year Channel Down. Sell opportunity.CADCHF is approaching the top of the Channel Down pattern since May 2022, which is a little lower than the 1D MA200. The 1D technicals have turned green (RSI = 58.741, MACD = 0.003, ADX = 49.805), which indicates that we are entering the long term sell zone. The ideal sell confirmation will be after the 1D MACD makes a Bearish Cross. We will after the Cross is completed and target the LL trendline (TP = 0.63000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
3
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.
Short
by JoeChampion
12
CADJPY Potential UpsidesHey Traders, In today's trading session, our attention is directed towards CADJPY, as we closely monitor a potential buying opportunity around the 103.900 zone. CADJPY is currently displaying an upward trend and is approaching a critical support level at 103.900, which holds significant importance. Furthermore, we are factoring in the latest development of an unexpected and hawkish rate hike by the Bank of Canada. This unforeseen decision has led to a surge in strength for the Canadian dollar, further adding to the potential attractiveness of considering long positions in CADJPY. Trade safe, Joe.
Long
by JoeChampion
9
CAD/CHF strong upside to come to 0.7303 - But we need to waitInv Head and Shoulders seems to be forming on the CAD/CHF Minor Currency Pair. There is a fight between Canada and Swiss Franc and it looks like Canada is preparing the troops for upside in the chart. We need to wait for the higher low to form (right shoulder). Then for the price to break above the neckline and it will be breaking above the medium term downtrend. 7>21 Price<200 RSI>50 Target 0.7303 INTERESTING FACT! Did you know how the CAD Canadian Dollar got it's nickname - Loonie from/ No not that! lol But I know you're thinking it. The name "loonie" originates from the bird depicted on the one-dollar coin. The common loon, a bird that is widespread in Canada, was selected as the emblem for the coin, leading to the currency's popular nickname. The loonie was introduced in 1987 (my brith year) as a cost-saving measure to replace the one-dollar banknote.
Long
by Timonrosso