CADCHF approaching support, potential bounce! CADCHF bounced nicely off its support at 0.7516 (61.8% & 50% Fibonacci retracement , horizontal swing overlap support ) where it could potentially bounce to its resistance at 0.7579(50% Fibonacci retracement , 61.8% Fibonacci retracement , horizontal overlap resistance).
Stochastic (34, 5, 3) is bounced off its support where a corresponding rise could occur.
risks. Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Cad-chf
CadCHF getting lower to the keylevel 74.00the CADCHF broke the Trendline and retested it. now it is following a clearly downside movement to make an. double bottom togo bullish again. this downside movement is just a retracement for the current level.
after 74.000 CadChf will rise again. to a target of 0.79. mason for this is that I believe that CAD has scope a strengthen further, extending its recent recovery. and this in contrast with the CHF where the SNB is dovish about their monetary plan.
CADCHF approaching support, potential bounce!cadchf is approaching our first support at 0.7516 (horizontal overlap support, 61.8% & 50 % Fibonacci retracement) and a strong bounce might occur below this level pushing price up to our major resistance at 0.7579 (61.8% Fibonacci extension, horizontal overlap resistance, 50% Fibonacci retracement ).
Stochastic (55, 5, 3) is approaching its support where a corresponding bounce could occur.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
CADCHF Approaching Support, Potential BounceCADCHF is approaching its support at 0.7543 (38.2% Fibonacci retracement, Horizontal swing low support) where it could potentially bounce to its resistance at 0.7574(50% fibonacci retracement).
Stochastic (89, 5, 3) is approaching its support at 9.1% where a corresponding bounce could occur.
SHORT CADCHF approaching resistance, potential drop!CADCHF is approaching our first resistance at 0.7582 (76.4% Fibonacci retracement , 100% Fibonacci extension , horizontal overlap resistance) where we might see a drop in price to our first support at 0.7545 (61.8% Fibonacci retracement ,61.8% Fibonacci extension ).
Stochastic (21,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
CADCHF Reversed Off Resistance, Prepare For Further DropCADCHF reversed off its resistance at 0.7587 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing high resistance) where it is expected to drop further to its support at 0.7524(50% Fibonacci retracement, horizontal overlap support).
Stochastic (55, 5, 3) reversed off its resistance where a corresponding drop is expected.
CADCHF approaching resistance, potential drop!CADCHF is approaching our first resistance at 0.7587 (76.4% Fibonacci retracement , 100% Fibonacci extension , horizontal swing high resistance) where we might see a drop in price to our first support at 0.7441 (38.2% Fibonacci retracement , horizontal swing low support, 61.8% Fibonacci extension ).
Stochastic (55,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
CADCHF - WEEKLY SWING - 28. JAN. 2018WELCOME TO DACAPITAL-TRADING!
CADCHF FOREX BREAKDOWN 28 JANUARY 2018
1 HOUR
Strong bearish drop without any support.
4 HOUR
Price melted and need to push back up!
DAILY
Overall bullish waving market we need another wave to the upside!
LEVELS
BUY CADCHF
ENTRY @ 0.74650
SL @ 0.74360 (25 Pips)
TP @ 0.75040 (40 Pips)
RR: 1.40, use normal risk!
IF YOU HAVE ANY QUESTIONS LET US KNOW IN THE COMMENTS
ALSO LEAVE US A LIKE TO KEEP OUR CONTENT FOR FREE!!
CADCHF Approaching Support, Potential BounceCADCHF is approaching its support at 0.7441 (100% Fibonacci extension, 23.6% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 0.7515 (horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at 5.2% where a corresponding bounce could occur.
CAD/CHF Short to long inverse HSWhats up everyone?! Today it looks like we have a inverse head and shoulders forming on CAD/CHF on the daily chart. Seems like we are getting some resistance at the .256 fib extension level if that holds be looking for a strong bullish candle closing before entering long. However what I'm looking for is a further drop the bottom shoulder area. (I've got a sell stop just below the .256 area) Once it hits bottom shoulder I'll be looking for a strong bullish candle to enter long for some good pips!
If you liked this analysis hit that like button! I'm fairly new here but keep posted for more analysis' like this one.
PIP on my friends
CADCHF - SELL OpporunityHey followers and other TradingView users!
Prepare to sell CADCHF on the light-blue area, the criteria:
1. The trend is your friend and You have to search sell opportunities because the latest trend is downwards.
2. The round number should act as resistance at 0.75000
3. Perfect Fibonacci retracement level 62%
4. Weekly trendline retest area after the confirmed breakout downwards.
If You enjoyed my idea then kill, smash and destroy the "LIKE" button!
Thank You for your support, I really appreciate it!
CHEERS!
*This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
CADCHF approaching resistance, potential drop! CADCHF is approaching our first resistance at 0.7589 (horizontal swing high resistance, 100% Fibonacci extension, 76.4% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 0.7473 (horizontal overlap support, 50% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance and seeing a bearish divergence where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
CADCHF Potential homerun tradeThis pair is bearish on both the Monthly and Daily time frames.
price is currently compressing below the Daily Senkou A (bottom of the Cloud)
this is a very strong resistance level and great place for a small stop loss entry with
a profit target of .7066 which is the Daily 1.27 fib extension.
first we need the pair to compress slightly below the Senkou A for at least 2 more hours
(starting at 1am est. ,we will look for a quick pop back up the Senkou A level for entry)
Entry = .7491
Stop = .7511
Risk = 20 pips
Profit target = .7066
Reward = 425 pips
RRR = 21 - 1 :)
EURAUD Bounced Off Support, Potential For A Further RiseEURAUD bounced off its support at 1.5789 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially rise further to its resistance at 1.5967 (23.6% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) bounced off its support at 1.1% where a further rise could occur.