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Cadchfanalysis

Big longterm Sell on CADCHF comming up!CADCHF has been on this wave since the swiss federal bank dropped the euro min value. now we are approaching the top of the current swing. look out for that at least 0.79 better 0.8 to enter a sell in CADCHF. i expect the sell to last for about 3 months. ep: 0.801 sl: 0.81 tp: 0.73 aprox 600pips go for a low Multiplyer as it is a long trade to minimise the risk of hitting your sl. i do not take any reponsability trade with care if you have any question or Things i could do better hit me up!
Long
by feelx23
1
CADCHF testing major support, prepare for a potential bounce! CADCHF is testing major support at 0.7716 (Fibonacci retracement, horizontal overlap support, bullish price action, bullish divergence) and a strong bounce could occur at this level to push prices all the way up to major resistance at 0.7851 (Fibonacci extension, horizontal swing high resistance). Stochastic (55,5,3) is seeing major support above 6.4% where a corresponding bounce could occur. We are also seeing bullish divergence vs price signalling that a bounce could be impending. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Tickmill
CADCHF dropping nicely, potential for further drop!CADCHF has broken major support-turned-resistance level at 0.7809 (Fibonacci retracement, horizontal overlap resistance) and remains below our Ichimoku cloud signalling that there is bearish momentum. Our next resistance is at 0.7830 which is above our 61.8% Fibonacci retracement and also at a swing high resistance. Price could potentially drop all the way to major support at 0.7714 (Fibonacci retracement, horizontal overlap support). Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill
CAD/CHF gradually moves to southCAD/CHF 4H Chart: Channel Down The Canadian Dollar is trading against the Swiss Franc in a three week long descending channel that represents a rebound of the currency exchange rate from the upper edge of a dominant long-term ascending channel. Over the previous week the Loonie depreciated against the Franc by 1.16%. A rebound from the monthly R1 at 0.7786 indicates that now it will try to restore lost positions and get back to the 0.7885 level. There is a high chance that the pair is going to fail to do that due to combination of the 100- and 200-hour SMAs as well as the weekly PP at 0.7858. Regardless of the result, in larger perspective the currency rate is projected to continue to move in the southern direction, aiming to reach the bottom edge of a dominant ascending channel.
by UnknownUnicorn890690
1
What say you, Swiss Franc?From the previous two trading session, the Swiss Franc descended strongly against its major Forex currencies. An acquaintance of mine has told me that although no news of it was there, it seems that the SNB (Swiss National Bank) has intervened with the Swiss. When I started stock and forex trading, I've already heard rumors and sayings that the Swiss Franc is a 'controlled currency.' Several Swiss Franc pairs have reached several resistance/support; after two days of intense decline on the currency, I'm expecting some pullback where it may give a better entry position to be able to enjoy the ride!
Long
by bearvsbullmarket
CADCHF Uptrend ContinuationCADCHF has started a new uptrend and I was waiting for the pullback to enter LONG on this trade. Here are the things that I am looking for to enter this trade setup: 1. Price will retrace around 38.2 to 50.0 Fibonacci levels which both coincide with previous support and resistance areas. 2. Strong green candle has closed with its low touching the 38.2 Fibonacci level and above the 10 SMA (blue line). 3. BB shows strong momentum upwards as price is contained near the upper band and RSI is also showing a move upwards. Will enter this trade at 0.73250 with initial TP of 0.74750 to achieve a 1:2 RRR while setting a 75-pip stop loss, just about the size of the strong green candle.
Long
by CaptainHawk