CADCHF signal (LONG)Hello friends.
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Everything on the chart.
open pos: market
targets: 0.692 and 0.694
after first target reached move ur stop to breakeven
stop: 0.683 (depending of ur risk). ALWAYS follow ur RM .
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Cadchfidea
CADCHF - BULLISH BIASCAD - BULLISH
1️⃣ Higher oil prices on the back of a bigger-than-expected drop in US crude oil inventories last week according to both the EIA and API.
2️⃣ All major economic data in Canada printed well.
3️⃣ CAD also supported by a weaker dollar amid a lack of progress in negotiations on a new US coronavirus relief package.
CHF - BEARISH
1️⃣ The SNB President Thomas Jordan has been reiterating the CB will continue to intervene strongly in the foreign exchange market to stop the rise of the highly valued franc in order to prevent deflation and protect the export-orientated economy.
2️⃣ Switzerland is expected to maintain its ultra-expansive monetary policy for some time as it is facing the sharpest downturn since the aftermath of oil price shocks in the 1970s.
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TECHNICAL
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- We long CADCHF on RBS level + SMA50 area.
- CADCHF on bullish zone.
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RISK ON THIS TRADE
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- This trade will hit stop loss if market sentiment turns to risk-off. Also, falling in oil prices will pressure this pair.
CAD/CHF Short with Bearish DivergeneGood day, snipers. Here in the CAD/CHF , we have multiple confirmations to go short. TECHNICAL ANALYSIS first on the 4H time frame, price broke out of the ascending trend line and retested it completely then rejected it on the 1H time frame. Price also rejected the previous resistance and is in a bearish divergence on the RSI. FUNDAMENTAL ANALYSIS next is about the CoT report. Currently, net positions regarding the CAD are being sold while the CHF is being bought the previous week. Specifics are discussed with the team and accurate entry, SL and TP are sent too.
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CADCHF - BULLISH BIASCAD - BULLISH
1️⃣ Oil prices rose on the back of Saudi Aramco’s upbeat view on Asian demand and as Iraq pledge to deepen production cuts.
2️⃣ All major economic data in Canada printed well.
CHF - BEARISH
1️⃣ The SNB President Thomas Jordan has been reiterating the CB will continue to intervene strongly in the foreign exchange market to stop the rise of the highly valued franc in order to prevent deflation and protect the export-orientated economy.
2️⃣ Switzerland is expected to maintain its ultra-expansive monetary policy for some time as it is facing the sharpest downturn since the aftermath of oil price shocks in the 1970s.
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TECHNICAL
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- We long CADCHF on RBS level + SMA50 area
CAD/CHF price at resistance area💡Hello traders,
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CAD/CHF is in downtrend. We believe this trend will continue and price will continue it's down movement.
Let us know what you think about this idea.
Trade safe !
CAD/CHF H4 SellMarket sentiment seems to be on the positive side at this time, risk-on currencies could see some positive upside move throughout the rest of the Asia session... however we could see a change during the EUR session so I'm looking to sell CAD anticipating a bearish market mood and continuation of the downward trend.
WHY WE LOOK TO SHORT CADCHF?=====
MARKET OUTLOOK
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CAD - BEARISH
1️⃣ Oil price gains are capped by concerns the resumption of COVID-19 in America will curtail demand.
2️⃣ Flaky risk sentiment are hampering the Loonie.
CHF - BULLISH
1️⃣ The recent escalation in diplomatic tensions between the US and China added to market concerns that the economic recovery in the US could be grinding to a halt amid the resurgence in coronavirus cases.
2️⃣ Risk-off markets sentiment will help Swissy.
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TECHNICAL
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📊 We look to short #CADCHF on SBR level + SMA50 area.
📊 CADCHF in bearish zone.
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MONEY MANAGEMENT
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💵 Please use only 1-2% risk per trade or you can use recommended lot in pinned message.
CAD/CHF: Waiting for the Next PhaseI been mostly busy lately, but that didn't stop me from wanting to do an entry for the CADCHF pair before market close. Right now, the bearish action is making me anxious and some people may think this could be sign of a sell off, but I think it is actually due to market hours. Looking at the continuation pattern, I expect the upcoming wedges to be more towards signs of bullishness. I also think the next phase is likely positive. That being said, everything I say is on an opinion based basis. Please pursue at your own risk. Do your own due diligence and this is not meant to be taken as actionable financial advice.
CADCHF Potential rebound to 0.712 but might fail to test 0.72OANDA:CADCHF
CADCHF is in its lower bound of Bollinger band in the daily chart, so rebound potentially happening in a short term . Resistance 0.712 seems achievable but it will hard to breakthrough resistance 0.72xx unless there is significant financial news or fundamental progress.
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Disclaimer:
This information is for educational purposes and is not an investment recommendation nor to be representative of professional expertise. This analysis used herein is for illustration purposes only. This personal opinion should not be considered specific investment advice. I am not responsible for any trades, and individuals are solely responsible for any live trades placed in their own personal accounts.
CADCHF long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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Daily Update--CAD/CHF-- Big Chat View Forecasting Disclaimer:
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. this is not signal. it's my opinion. trade your own risk. and Must Follow Money management.
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