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Cadchfbuy

CADCHF current resistance closely watchedCADCHF has been consistently in a downtrend since January 2023. As of now, the price has reached its downtrend resistance level for the fourth time. The crucial question is whether it will once again respect this trendline resistance and proceed downward, if fails to overcome this resistance, it might continue to face selling pressure, possibly targeting levels around 0.6620 and 0.6480 to maintain its downward trajectory. However, there's also the possibility that CADCHF could break out from this persistent downtrend resistance. If this scenario unfolds, it might surge upwards, potentially reaching levels around 0.6810 and even 0.6930. This breakout would signify a significant shift in the currency pair's trend direction. Traders and investors will closely monitor these key levels to gauge the future direction of CADCHF.
by FKW-Millions
CADCHF traders look for Buy Opportunities {21/08/2023}Educational Analysis says CADCHF may go long according to my technical. This is not an entry signal. I have no concerns with your profit and loss from this analysis. Why Short? Because CADCHF price is at that place level where got demand thrice by traders. Although this pair has proved that, It's Changing its character and Also traders now looking for an uptrend from this level, and eventually will prove that the Market structure shift and eventually led to a Break of Structure. Analytical Trade would probably be Buy order at 0.65011 Stop loss at 0.64854 Take profit at 0.67815 I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS.
Long
by VishalBudhrani
2
7 Dimension Bullish Setup For CADCHFTitle: Exploring Bullish Opportunities through Comprehensive Analysis 🕛 TOPDOWN Analysis - Position and Swing Entry 😇 7 Dimension Analysis - Reversal Entry Time Frame: Hourly 1️⃣ Swing Structure: Bullish 🟢 Structure Behavior: The Choch formation indicates that the deep correction move is almost concluded. 🟢 Swing Move: An internally impulsive move is initiating, supported by proper inducement and a completed choch. 🟢 Inducement: Successfully executed. 🟢 Pullback: The first pullback is complete, and a move above is anticipated. Extremal Order Block has been mitigated, validating a low. Time Frame Confluence: Strong areas across Daily, Weekly, Monthly, and Yearly. 🟢 Internal Structure: Bullish choch is confirmed, indicating readiness for a buy setup. 🟢 Trendline Breakout: Initial signal for entry or exit. Hourly trendline has been broken, and resistance breakout is in progress. 🟢 Chart Patterns: Reversal A Head and Shoulders pattern has formed, with the neckline broken and retested. A Bullish Flag has evolved, characterized by a "volume pole," low volume body, volume breakout, 5 to 7 bars, tilt, BO enter, and 38% correction (volatile bear flag is strong). An Ascending Triangle has also broken out on the bullish side. 🟢 Candle Patterns: 👍 Relevance at Bottom: Strong demand area. 👍 Climax Players: Notable appearance at the right bottom, accompanied by a surge in volume, signaling a strong bullish reversal. 👍 Transformation: Color, size, and frequency shift from bearish to bullish candles. Long Wick: Lower side wick indicates active bulls. Doji: Less significant due to the young trend. Momentum: Strict bearish engulfing without follow-up indicates an absence of sellers. Inside Bar: Narrow Range 7 signifies a bullish breakout. Blended Combo: 2/3 candle setup suggests a robust bullish configuration. 3️⃣ Volume: Significant volumes observed before the move ends, particularly noteworthy at the demand area where the price reversed. No volume during internal correction, followed by a surge in volume during the impulsive bull move. Healthy volume dynamics during the entire cycle. 4️⃣ Momentum RSI: 🟢 Zone: Bullish Sideways. 🟢 Range Shift: Transition from Bearish to Sideways. 🟢 Divergence: Regular 5-candle divergence at the bottom before the move signals momentum strength. 🟢 Momentum Shift: Loud move signals a shift in momentum, indicating reduced bearish sentiment. 🟢 Oversold Rejection: Previous low rejection strengthens the entry signal. 5️⃣ Volatility Bollinger Bands: 🟢 Middle Band: Serves as confirmation. 🟢 Squeeze: Indicates impending volatility. 🟢 Squeeze Breakout, Outside Upper Band: Expected and could offer an additional entry opportunity. 🟢 Walking on the Band: Awaiting confirmation. 🟢 W Pattern: Completed, with body area as a short-term target. 🟢 Dual Band Derivation: Supported. 6️⃣ Strength ADX: Bulls are asserting control and gaining strength at this juncture. 7️⃣ Sentiment ROC: Rate of Change isn't in favor, but other factors support bullish potential. ✔️ Entry Time Frame: H1 ✅ Entry TF Structure: Internal Bullish. ☑️ Current Move: Impulsive Swing and Internal, both portraying bullish trends. ✔ Support Resistance Base: Middle band and CIP (Change in Polarity). ☑️ Candles Behavior: Inside bars, bullish momentum. ☑️ Trendline Breakout: Confirmed. ☑️ Final Comments: Consider entering right now. 💡 Decision: Buy 🚀 Entry: Approximately 0.6541 ✋ Initial Stop Loss: Placed at 0.6472 🎯 Take Profit: Initial target at 0.6833, with additional targets at 0.7066 and 0.7272. Secondary exits based on changes in internal structure, trendline breakout, and potential FOMO action. 😊 Risk to Reward Ratio: 1:10 🕛 Expected Duration: 90 days SUMMARY: This comprehensive analysis delves into potential bullish opportunities based on a reversal entry approach. The swing structure, accompanied by choch and inducement, suggests a bullish bias. Chart patterns, candlestick formations, volume dynamics, momentum indicators, and Bollinger Bands are all considered. Key entry points, stop-loss strategy, take-profit levels, and expected duration are defined. This trade proposition showcases a substantial risk-to-reward ratio of 1:10.
Long
by Optimum369
1
7 Dimension Analysis for CADCHF OVERVIEW: Potential Reversal Zone Identified as Price Holds Strong Support Levels 😇7 Dimension Analysis Analysis Time Frame: Daily 1: Price Structure: The current price structure shows bullish potential as the market is in a corrective phase. An inducement has already taken place with liquidity swept internally. The market has experienced 5 pullbacks, indicating a possible deep correction or reversal. The 1st order block (OB) remains unmitigated, and the extreme OB is also unmitigated. Demand zones on the yearly, monthly, weekly, and daily time frames create a strong confluence area, signaling a potential reversal zone. 2: Patterns: 🟢TREND LINES: Trend lines are still working as resistance or initial profit target zones. 🟢CHART PATTERNS: A double bottom pattern provides proper support. A fake-out is possible, but further confirmation is needed. A V-shaped swing indicates strong demand in the area, as the market rapidly swings upwards. 🟢CANDLE PATTERNS: Shrinking candles are forming near the support area. A hammer and doji candle appear near the support, indicating potential bullish reversal signals. A record session count of 10 consecutive bearish candles. A momentum (engulfing) candle follows a low, indicating strong bullish momentum. The last bearish candle closes as an inside bar, suggesting that bulls still have power. 3: Volume: Volume near the support area is heavy but unable to break it. Volume during the rally is relatively low, but a massive volume comes near the support, indicating profit booking. 4: Momentum UNCONVENTIONAL Rsi: 🟢The Unconventional RSI is in a super bearish zone and encounters resistance at the 40 level. 🟢A range shift from sideways to bearish is observed. 🟢Regular bullish divergence from the last low to the current low. 🟢Three overbought rejections signify a potential bull reversal. 5: Volatility measure Bollinger bands: 🟢A squeeze breakout has occurred outside the lower band and is completed. 🟢Walking on the band move is observed, indicating bullish momentum. 6: Strength ADX: Bears are currently in power. 7: Sentiment ROC: The rate of change for CAD is stronger than CHF based on current value. ✔️ Entry Time Frame: H1 ✅ Entry TF Structure: Bullish Choch ☑️ Entry Move: Impulsive ✔ Support Resistance Base: Extreme Support on H1 ➕ FIB Trigger Event: Not Activated yet ↕️ Trend Line Breakout: Draw an upside trend line and wait for breakout. ☑️ Final Comments: Consider buying. 💡 Decision: Buy. 🚀 Entry: 0.6540 ✋ Stop Loss: 0.6471 🎯 Take Profit: 0.7295 😊 Risk to Reward Ratio: 1:11 🕛 Expected Duration: 60 days.
Long
by Optimum369
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