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Cadchfdaily

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
Short CADCHF Longterm based on 4H ChartBrief overview: Looking at the CADCHF over multiple timeframes, I believe there is an opportunity to short this pair. After the recent rally on the 4H chart, we can see price was met with a strong resistance and dropped back down to a recent support level. We have downward momentum on multiple timeframes and I'm waiting for confirmation before activating this trade. Note: I have decided from here on, not to disclose my detailed analysis, entry/exits or stops publicly. Therefore, any upcoming trade ideas will include only a brief overview as above. This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
Short
by AEFX786
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