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Cad-chf

AUDJPY Reversed Off Resistance, Prepare For Further DropSell below 80.65. Stop loss at 81.12. Take profit at 79.77. Reason for the trading strategy (technically): AUDJPY reversed off its resistance at 80.65 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it is expected to drop further to its support at 79.77(61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support). Stochastic (55, 5, 3) reversed off its resistance at 95% where a corresponding drop is expected.
Short
by theforexarmy
1
GBPAUD Approaching Resistance, Prepare For A ReversalSell below 1.8256. Stop loss 1.8320. Take profit at 1.8172. Reason for the trading strategy (technically): GBPAUD is approaching its resistance at 1.8256 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where it is expected to reverse down to its support at 1.8172 (61.8% Fibonacci retracement, horizontal pullback support). Stochastic (55, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected.
Short
by theforexarmy
CADCHF approaching resistance, potential drop! CADCHF is approaching our first resistance at 0.7401 (horizontal pullback resistance, 100%, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 0.7251 (horizontal swing low support). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by easyMarkets
CADCHF Testing Support, Prepare For A BounceBuy above 0.7394. Stop loss at 0.7338. Take profit at 0.7484. Reason for the trading strategy (technically): CADCHF is approaching its support at 0.7394 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where price is expected to bounce up to its resistance at 0.7484 (38.2% Fibonacci retracement, horizontal pullback resistance). Stochastic (89, 5, 3) is testing its support at 2.6% where a corresponding bounce is expected.
Long
by theforexarmy
CADCHF approaching support, potential bounce!CADCHF is approaching our first support at 0.7409 (horizontal overlap support, 100%, 161.8% Fibonacci extension) and a strong bounce might occur pushing price up to our major resistance at 0.7501 (61.8%, 100% Fibonacci extension, 38.2% Fibonacci retracement). Stochastic (89,5,3) is also approaching support and a bounce off this level might see a corresponding bounce in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Tickmill
CAD/CHF I'm shortI posted this before. I believe the correction to be completed and looking to take it down. You see the 1.618 level. the 1.236 extension, which is usually what this 7 swing hits, lines up with the 78% fib, so I would let some run to there, and then look for a long opportunity, which will be much more pips.... Those MA's are the 200 and 800 that it is below, as long as it stays below them, I will hold. I will even allow it to hit trend line before giving up on it, but I think it's ready.
Short
by thillygoosth
CADCHF Approaching Support, Prepare For A BounceBuy above 0.7544 Stop loss at 0.7521. Take profit at 0.7592. Reason for the trading strategy (technically): CADCHF is approaching its support at 0.7544 (61.8% & 100%Fibonacci extension, 50% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 0.7592 (61.8% Fibonacci retracement). Stochastic (55, 5, 3) is approaching its support at 4% where a corresponding bounce could occur.
Long
by theforexarmy
CADCHF Reversed Off Resistance, Prepare For Further Drop!Sell below 0.7625. Stop loss at 0.7647. Take profit at 0.7583. Reason for the trading strategy (technically): CADCHF reversed off its resistance at 0.7625 (61.8%, 100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it is expected to drop further to its support at 0.7583 (61.8% Fibonacci extension, 50% Fibonacci retracement). Stochastic (55, 5, 3) reversed off its resistance at 95% where a corresponding drop is expected.
Short
by theforexarmy
CADCHF Approaching Support, Prepare For A Bounce!Buy above 0.7533. Stop loss at 0.7500. Take profit at 0.7583. Reason for the trading strategy (technically): CADCHF is approaching its support at 0.7533 (61.8% Fibonacci extension x2, 50% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 0.7583 (50% Fibonacci retracement, horizontal overlap resistance). Stochastic (55, 5, 3) is approaching its support at 6% where a corresponding bounce could occur.
Long
by theforexarmy
CADCHF shortGuys CADCHF makes retest keep watch and take profit... Disclaimer: The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation. I am not responsible for any liabilities arising from the result of your market involvement or individual trade activities. Hope this idea will inspire some of you! Don't forget to hit the like/follow button if you feel like this post deserves it
Short
by sakthideva
CADCHF Approaching Support, Prepare For A Bounce!Buy above 0.7532. Stop loss at 0.7494. Take profit at 0.7639. Reason for the trading strategy (technically): CADCHF is approaching its support at 0.7532 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 0.7639 (76.4% Fibonacci retracement, horizontal overlap resistance). Stochastic (89, 5, 3) is approaching its support at 4% where a corresponding bounce could occur.
Long
by theforexarmy
Will CADCHF Resume It's Downtrend By Breaking The Wedge ? This is the forex quote for the Canadian Dollar against the Swiss Franc. In this quote, the value of one CAD (the 'base currency') is quoted in terms of CHF (the 'counter currency'). The Canadian Dollar is often considered to be a 'commodity currency' because Canada exports a large amount of natural resources, notably oil. In practical terms, this makes it sensitive to the ebb and flow of trends in investors' overall outlook on global economic growth. Meanwhile, Switzerland's has a long-standing history as a safe haven and harbor for foreigners looking to house their wealth in a private banking system. As a pairing embodying the relationship between a growth-linked, higher yielding currency and a safety-geared, low yielding one, CAD/CHF is a notable carry trade vehicle. SOURCE OF ABOVE: www.dailyfx.com The CADCHF is forming an ascending wedge on the daily TF as evident on the main chart. For this formation to be broken the daily candle must break and close below the wedge. To add to this the price must also break the EMA 50 in the process and close below it. Once this is completed the price will potentially look to target the ascending trend line below the wedge (see the main chart) Furthermore, looking at the weekly chart for this pair the price has been ranging for quite some time now and is potentially looking to test the lower part of the rectangle (range). As said before the CAD pair is highly affected by OIL prices since its a commodity currency and on the other the CHF is a safe haven pair. All in all its a high probability trade and i will wait for the criteria to be met before i decide to execute on this pair. I will keep you updated on any signals should the criteria meet. Keep in my there are other CAD PAIRS forming some possible trade scenarios and i would like to remind you traders i do not risk trading the same currency even if its different pair. i will see what currency pair would give me the best RISK TO REWARD and the least path of resistance or support before i execute. FOLLOW ME IF YOU LIKE THE ANALYSIS. stay tuned for any signals cheers
Short
by FX618Analysis