Cad-chf
CADCHF: Further downsides as Oil is dumping?Hey traders, in today's trading session we are monitoring CADCHF for a selling opportunity around 0.743 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
Hoping to see CADCHF dropCurrently struggling to break past 0.75600, which it struggled on the last attempt as well. Last attempt saw a drop 0.74800 area. I could also see it continuing 0.75600 before dropping.
CAD/CHF : DOWNTREND | TECHNICAL ANALYSIS | SHORT SCENARIO 🔔Hello Everyone, I hope you'll Appreciate our Price action Analysis !
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CADCHF short setup ahead of BoCI believe that the expected increase in rates from the BoC tomorrow has already been priced into the pair, I opened a sell limit around the 0.618 fib retracement considering the volatility that might happen tomorrow. COT shows bearish strength increasing for CAD while CHF remains on the bullish side.
CADCHF Potential UpsidesHey traders, in today's trading session we are monitoring CADCHF for a buying opportunity around 0.75 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
CADCHF is Back Into The RectangleAfter two strong attempts to push the price higher, CADCHF dropped back into the rectangle pattern. Note that the pair also formed a small double top. It gives us a reason more for being bearish here.
Now when the price is back in the rectangle and CHF is showing strength against other currencies, we can expect CADCHF to continue toward the lower boundary of the rectangle.
💡Don't miss the great sell opportunity in CADCHFTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (0.7795).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. CADCHF is in a range bound, and the beginning of a downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 48.
Take Profits:
TP1= @ 0.7711
TP2= @ 0.7661
TP3= @ 0.7617
TP4= @ 0.7564
TP5= @ 0.7470
TP6= @ 0.7365
SL: Break Above R2
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💡Don't miss the great sell opportunity in CADCHFTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (0.7795).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. CADCHF is in a range bound, and the beginning of a downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 48.
Take Profits:
TP1= @ 0.7711
TP2= @ 0.7661
TP3= @ 0.7617
TP4= @ 0.7564
TP5= @ 0.7470
TP6= @ 0.7365
SL: Break Above R2
❤️ 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 / Crypto 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 ❤️
CADCHF LONG We can see a massive tweezer bottom, this shows buyers' strength which might push price upward. There is also a formation of a Double Bottom
CAD/CHF - 1H/4H - Short !FX:CADCHF
Dont forget Money Managment !
Dont Forget Risk Free !
this position is a little High Risk !
CADCHF - SHORT Strong double top, breakout of key level and canada fundamentals showing signals of losing steam
CADCHF | BULLS ARE IN THE MARKET TO GO UPThe trade is trending towards the upside on higher time frames, with a push > exhaustion scenario on the 4-hourly time frame and a bullish engulfing candlestick developing with a nice bounce of MA 20, suggesting bullish power in the market. Hedge funds are indicating buying power for CAD while CHF is being sold off. There is not much news today that might have a huge impact on the trade.
CADCHF: Buy the Pullback-INTRODUCTION-
Two weeks ago, CADCHF has reached a new higher high at 0.7800 level. As we forecasted in our previous CADCHF analysis, we expected the price to retrace and retest the support level of 0.7500, which is also the previous resistance level that was tested multiple times. The price nicely retraced and formed an ascending triangle pattern at the 0.7500 level. The price recently broke above the pattern; therefore, we have entered our buy limit orders.
Buy Limit Order: @ 0.75180
SL: 0.74450
1st Target Area: 0.75950
2nd target: 0.7680
3rd target: 0.7800
1% risk
The previous high at the 0.7800 level is a new high since 2019. Thus, the price should have another retest of the level.
Check out our previous CADCHF thought process and other similar trading ideas below :)
Add on break!Looking to add on break on red zone. This will compliment the recent ideas on mean reversion.
CADCHF: A Pullback Trading Opportunity-INTRODUCTION-
Last week, CADCHF has reached a new higher high at 0.7800 level. As we forecasted in our previous CADCHF analysis, we expected the price to retrace and retest the support level of 0.7500, which is also the previous resistance level that was tested multiple times. The price nicely retraced and now we will look for a consolidation pattern and a breakout to enter buy positions.
-TRADING PLAN-
We will observe for a consolidation/reversal pattern in the lower time frame (1 hour chart) at the 0.7500 support level. After a clear breakout from the pattern, we will then place our buy orders at the neckline level to capture the retest. We expect at least one more retest of the recent high at 0.7800 level (300 pips above).
Check out our recent CADCHF and other similar pullback trading ideas below :)
CADCHF: Buy the Pullback-INTRODUCTION-
This week, CADCHF has reached a new high at 0.7800 level. Currently, the price is retracing, which could give us a great pullback buying opportunity.
-TRADING PLAN-
Our area of interest is at the previous resistance level of 0.7500, which is two support levels down from the previous high. From that area, we will watch for a consolidation/reversal pattern and then enter buy positions targeting the previous high.
Check out our previous pullback strategies below :)
CADCHF | BULLISH trade OPPORTUNITY 🚀- CAD/CHF is trending towards the upside on multiple time frames following moving averages.
- We are seeing a bullish engulfing candlestick closure on the 4-hour chart, and an inverted hammer pattern on the 1-hour time frame, indicating buying pressure.
- The overall trade setup, has the potential to reach around 100 pips because of a potential monthly resistance re-test.
CADCHF Long-term sell opportunityThe CADCHF pair has been trading within a long-term Channel Up ever since the aftermath of the 2020 COVID market crash. It is currently approaching the Higher Highs (top) trend-line of this Channel and has started to turn into a sell opportunity long-term in our book. At the same time, the RSI on the 1D time-frame is forming the same peak pattern that led to the previous Higher High on April 01 2021. Either now or a little higher closer to 0.78000, CADCHF is a sell opportunity for us.
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CADCHF LongHey traders, in today's trading session we are monitoring CADCHF for a buying opportunity around 0.756 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
CADCHF LongHey traders, in today's trading session we are monitoring CADCHF for a buying opportunity around 0.756 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
