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Cadchfforecast

CAD/CHF 1H Chart: Channel Up CAD/CHF 1H Chart: Channel Up The Canadian Dollar is trading against the Swiss Franc in a two week long ascending channel. Up until Tuesday the currency pair moved relatively smoothly within the figure. However, then it suddenly failed to break through a combination of the weekly and monthly PP, which were supported by the 55- and 100-hour SMAs. As a result, it was forced to retreat to the top and to move along the moving averages, which has led to transformation of the channel into a rising wedge. If the latter pattern actually guides movement of the currency pair, then it should successfully bypass the weekly R1 at 0.7720 and make breakout from the pattern somewhere around the 0.7740 mark.
by UnknownUnicorn890690
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 Double Bottom at daily structureHey guys, i'm not trading until the new year but i want to give you some educational content. On the left hand side we have a daily chart. As you may see recently we broke to the upside two big resistance levels and now we are coming back to retest this level. The break and close above make me think the trend has changed and i think we may see another upmove. As soon as price comes into that zone i'm looking for bullish opportunities: in the 4hr chart on the right hand side we see there's a double bottom with RSI divergence right at that level. Usually i enter this kind of trade only with the confirmation given by an engulfing candle. I pointed out the candle i'm watching. If it's going to close above the previous i think this may be a good buy. If you have any questions, ask below. Otherwise, see you in the next chart!
Long
by Roker1