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Cadchfanalysis

Getting ready to go long, can we hit 0.71?I'm getting ready to buy this pair, keeping an eye out for a potential dip down to around 0.666. This area is the newly created weekly demand/buy zone that caused the break and close above the weekly long term trend so is a good area to get back long My game plan here is pretty simple: is too buy during the dip down to the breakout region. I've pegged the targets for this trade at 0.71, which stood as a solid weekly support in the past and is now expected to double up as a resistance level, pulling the price towards it. Hope you enjoyed :)
Long
by TheFxAce
9
Swiss Inflation will fall under the 2% mark - today!CHF Perspective: Negative: - As announced in February, Swiss inflation will fall below 2% target of the SNB from the second half of the year on (i.e. today) - The SNB raised interest rates again in June and thus probably ended its rate hike cycle (-> a further rate hike of 0.25% in September cannot be ruled out entirely, but it would not be necessary). - The main driver of Swiss inflation are now rising rents, for which further interest rate hikes would be counterproductive due to the rise in the reference rate. -> would only further fuel rents, therefore unnecessary - Switzerland's manufacturing sector is increasingly weakening, as both the PMIs and the KOF indicator show. Positive: - SNB remains hawkish despite falling inflation (but whether this is actually sustainable remains to be seen) - The SNB continues to support the franc by selling other currencies -> due to the fact that the SNB will continue to put the brakes on a possible gradual weakening of the CHF, I expect the trade to move forward rather slowly (but that's fine with me, the positive swap sweetens the wait) CAD Perspective: Positive: - Everything has happened more or less as forecasted in February: -> the Canadian labour market is on fire (like Paris nowadays) and together with the "sticky" core inflation forced the BOC to raise interest rates again in June - another rate hike this month is likely, ultimately the labour market report on Friday will decide -> if it at least meets expectations the chances are good -> would give the CAD an additional boost - As predicted in February, migration is booming in Canada. -> keeps the housing market, retail sales and inflation on their toes -> core inflation remains a problem for the BOC Negative: - Oil is not making any headway. Tighter supply (OPEC production cuts) is clashing with the gloomier outlook for the global economy, leading to a stalemate so far. Due to the banking crisis in March, the first attempt of this trade had no chance (bad luck!), but since all the other factors came exactly as forecasted, I'm giving the trade a second chance, let's see!
Long
by PrimeTrading
20 Reasons For Sell CADCHF🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1:✨Eagle eye: The market has been experiencing a strong bearish trend for many years. A Breakout-Sell (BOS) occurred 10 years ago with heavy volume. Last year, a liquidity sweep candle was formed after the breakout, indicating a further downside move. Back-to-back strong bearish candles suggest that bears are still in control of the market. 2:📆Monthly: A clear bearish structure is present, and a fakeout-type structure has formed. However, the low is not confirmed until the induction phase is complete. The closure of this candle will determine whether it is a small corrective pullback or a confirmation of the bearish trend. No notable reversal signals have appeared yet, but bears remain in power as they tapped into the extreme order block during the pullback. The overall view favors short entries. 3:📅Weekly: The structure is clearly bearish, and the low is confirmed and valid. The induction phase is also complete. If the price reaches the upcoming order block or provides a strong reversal signal based on the timeframe, a sell entry can be opened. However, it is recommended to wait for the weekly closing before making a decision. 4:🕛Daily: A strong supply area is approaching, as the price has touched this level four times before. Both a breakout or a rejection can be important at this level, but a sell entry is recommended while waiting for a sell signal. Additionally, a trendline resistance is present, and the last closing candle formed a doji at the perfect time and location. The price action tomorrow will provide further clarity. 😇7 Dimension analysis 🟢 analysis time frame: Daily 5: 1 Price Structure: Bearish 6: 2 Pattern Candle Chart: Doji and double top pattern 7: 3 Volume: No significant volume during the upside move but last leg only unable to breakout profit booking volume, indicating that volume will play an important role in the upcoming price action. 8: 4 Momentum UNCONVENTIONAL Rsi: A very powerful bearish divergence is present. After being in an overbought state, the price is struggling to stay above 60, but bears remain strong. 9: 5 Volatility measure Bollinger bands: A "M" pattern is forming, but the current leg has high volumes without breaking the previous high, indicating significant profit booking with large quantities. 10: 6 Strength ADX: Bulls are weaker at this level and appear to be resting, while bears are ready to take control again. 11: 7 Sentiment ROC: CAD is weaker than CHF. ✔️ Entry Time Frame: Daily 12: Entry TF Structure: Bearish 13: Entry Move: Impulsive 14: Support Resistance Base: Extreme order block or resistance level 15: FIB: Trigger event at an important area, including a trendline break. ☑️ Final comments: Clear sell signal 16: 💡Decision: Ready to sell after the previous candle's low is broken 17: 🚀Entry: 0.06670 18: ✋Stop Loss: 0.6864 19: 🎯Take Profit: 0.6404 20: 😊Risk to Reward Ratio: 1:4 🕛 Expected Duration: 30 days
Short
by Optimum369
4
CADCHF Long Term Trading IdeaHello Traders In This Chart CADCHF HOURLY Forex Forecast By World of Forex today nzdcad analysis 👆 🟢This Chart includes_ (CADCHF market update) 🟢What is The Next Opportunity on CADCHF Market 🟢how to Enter to the Valid Entry With Assurance Profit This Video is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts.
Long
by forexplanet797