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CADCHF

Monitoring CADCHF Upside Breakout0.6922 is a key level I'm watching right now. CADCHF has been in a massive range since December 2022. Since then, price has failed to breach new lows. Our lower levels are moving higher and higher, which is a good indication that there is very little compelling selling pressure. As price testing the 0.6922 level, a strong breach above this level will be an excellent indication that further upside can be expected. I am closely monitoring this pair with an upside bias.
Long
by FinancialGamblR
📌 Potential BUY setup for: CAD/CHF👩🏽‍💻Technical: The price seems to be coming back from higher-time-frame support, and the daily is trying to reach a new high. On the 4-hour chart, the price is currently struggling to break the resistance, suggesting sellers are also actively involved. 🎯 For an ideal entry: To confirm the bullish bias and potentially target the higher time frame zone, the price must break 4-hour support, push > exhaustion, and form a bullish candlestick formation.
Long
by fxtraderkristina
Bearish Pennant Formation on CADCHF?The CADCHF is currently forming a bearish pennant, which could signal a significant downside move if the price breaks out to the downside, toward the previous swing low at 0.66 from March 2020. This would be a similar pennant pattern (November 2022) leading to a move to the downside, with the price dropping to test the 0.68 support level. Additional downward pressure could come from further weakness in the Canadian Dollar, especially with the employment data due to be released later in the week
Short
by JinDao_Tai
2
CADCHF high potential to reach lower pricesIf the Canadian banks do not create a big demand, it is very likely that the strength of the Canadian dollar will decrease compared to the franc, and we will see the fall of this chart in the coming hours. CADCHF has been examined in different dimensions: 1- Strong supply and demand levels that I identify with my own indicator and system. 2- The structure of recently formed waves 3- Current market momentum 4- The structure of classical and price patterns In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis. In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram. ⚠️ Disclaimer: This is a personal opinion and you are responsible for any trading decisions.
Short
by HamidRamezani1992
CADCHF Update I It will explode to the upside but be patientWelcome back! Let me know your thoughts in the comments! **CADCHF Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
9
CADCHF I It will rise to the upside Welcome back! Let me know your thoughts in the comments! **CADCHF Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Long
by BKTradingAcademy
33
EURCAD I Potential intraday short from resistanceWelcome back! Let me know your thoughts in the comments! **EURCAD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Short
by BKTradingAcademy
6
CADCHF - LONG setup 🔥Hi everyone .Looking at the monthly time frame, it seems that the price is currently rejecting a strong support zone, while on the 12-hour time frame, there is a bullish engulfing formation that may cause a break of the MA 20/50. Similarly, on the 4-hour time frame, there is a strong bullish pressure as the bullish engulfing candlestick has broken and closed above all the moving averages. The price has two robust resistance zones, as marked in the picture, so if the first one is broken, the next target would be the second zone, potentially reaching TP3. However, tomorrow there are high-impact news events that could undoubtedly affect the CADCHF. 🙏🏼
Long
by fxtraderkristina
1
CADCHF I Impulse correction and continuationWelcome back! Let me know your thoughts in the comments! **CADCHF Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
11
Watch the magic - again...!watch the upwards move of the CHADCHF pair. why I like this trade: CAD perspective: - CAD employment report with a BLOWOUT number (again!) with +150k jobs created (most of them fulltime)! - BOC on hold but another job report like this and they will feel pressure for more rate hikes - inflation falling in canada but core remains sticky (so far) - migration is booming creating growth for GDP and housing - housing so far steady (but a clear risk for sure) - oil with upwards potential CHF perspective: - Swiss inflation is falling (although the CPI number today will beat the market expectations of 2.9% YY) - SNB will hike 1 or max 2 times this year and then close their hiking cycle as inflation will get back to their target in H2 2023 - SNB have become sligthly more tolerant for CHF depreciation as shown in their FX sales numbers - Trendfollowing Algos are heavily short CADCHF, they need to be squezzed out like a lemon
Long
by PrimeTrading