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Cadchflong

CADCHF Market Commentary | 1st Jan 2021 First of all I would like to wish to every one who reads this a good year with lots of success and happiness. Now let's get in our topic. CADCHF has not really recovered from the covid market crash, which indicates a slow but steady - yet predictable - direction. We are watching price moving in an ascending channel since the start of August. So for the time being we expect the same direction. With the help of Wave theory, a clean double combo is apparent enough. By using the wave principles and analyzing lower degrees of the movement (see charts below), a sharp bullish move is our best bet.
Long
by GeorgeZii
CADCHF - Bullish BiasCAD - BULLISH 1️⃣ Boosted by higher oil prices, a weaker dollar and a brighter economic outlook as Canada begins its COVID-19 vaccination campaign. 2️⃣ The Bank of Canada left interest rates at a record low and kept asset purchases steady at $4 billion a week while reinforcing its commitment to provide the monetary policy stimulus needed to support the economic recovery. CHF - BEARISH 1️⃣ The SNB held interest rates unchanged at a record low during its December meeting and pledged to intervene more strongly in the foreign exchange market to stop the rise of the highly valued franc. 2️⃣ Improved in risk sentiment weighing on the CHF. ===== Technical ===== We are buying the CADCHF above the support of 0.69500 + above the SMA 50 on the H1 chart.
Long
by MonsunAsia
2
CADCHF is facing bullish pressure, potential for a further rise!Price continues to trend above the ascending trendline and is approaching our first support at 0.69578, in line with our 61.8% Fibonacci extension, 76.4% Fibonacci retracement, and horizontal swing low support. It could potentially bounce from here and rise further to our first resistance at 0.69852, in line with our 78.6% Fibonacci extension and horizontal swing high resistance. It is also worth noting that the Ichimoku cloud is also showing bullish pressure in line with our analysis. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by TradeGATEHub
CADCHF, 4hr tf, bullish flag pattern to materializeHello my friends, I wanna share one of the trade i took today when i was away. I spotted a good setup on CADCHF as there is a bullish flag pattern breakout. What make me confidence to take this trade is that the resistance of bullish flag pattern was align with descending trendline which means price push through this confluences of lines with a big power. This is a proof that buyers now in control of CADCHF and we could see price continue to rise. I took this trade when it retrace to test 0.6950 and now in floatng profit. I think it is not to late to enter so feel free to enter with your own risk management. The nearest resistance is 0.7000 so we will take partial profit when price hit this value. Buy CADCHF 0.6950 Stop loss 0.6920 Take profit 0.7040 (3R) RR Ratio 1 : 3 Use only 1-2% risk Good luck Disclaimer : I bought CADCHF from 0.6950
Long
by HayatoDragonFX
3
CADCHF, 4hr tf, buy elliott wave 5th waveHello my friends, Another setup for today is CADCHF pairs. As you can see price currently moving to the upside and retracing lower a little bit. We could try assuming this movement as an Elliott Wave movement and price just finished wave-3. This downward movement is wave-4. To have the best trade setup it is better to buy around 0.6950-6948 which will yield 3.5R - 4R trade setup depending on the price you get this pair. Protective stop loss will be slightly below wave-1 area. I am setting buy limit for this because it might hit our order while i was away and that 0.6948 might only appear for a short time so we don't want to miss it. The reason why i think it will only appear for a short time because there is a horizontal support level at 0.6950-6948. Buy limit CADCHF 0.6948 Stop loss 0.6935 Take profit 0.7000 (4R) RR Ratio 1 : 4 Use only 1-2% risk Good luck
Long
by HayatoDragonFX
4
CADCHF uptrend setupprice direction: UPTREND potential target price 1: 0.6999 potential target price 2: 0.7017 **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. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
1
CADCHF - Zone Breaking Soon, Nov. 23rd, 2020The analysis is mainly to show that the top zone will break on the next retest, the 'non reactionary' area and the 'likely area to start another bull rally,' were just a little extra I added but should not hold as the focus point. I usually do not do swing analysis, I decided to apply my low timeframe trend continuation method to a higher timeframe and see how well it goes. I would never blindly ride the assumed bearish trend down to the assumed bullish area and blindly enter a reversal long back up to the zone that I think will break. As far as I can tell the current range will hold on the bottom side and will just retest, pushup, and break the top side of the zone. If the bottom side of the ranging area were to break, then expect a downtrend to the bullish area, wait for a confirmation for a reversal as I believe this is heavy bull territory. Keep in mind if the bottom side range is broken then structure will be forming along the way, these areas will alter the analysis as a whole but can act as take profit targets if a bullish reversal were to be triggered. Summary: CADCHF is in a range, if the bottom side breaks then expect price to be bearish until the labeled bull zone, here you can look for high timeframe reversals. If the top side of the range is even retested again I think it will break.
Long
by TonyAiello
1
CAD/CHF BUY IDEAHey tradomaniacs, welcome to a new free trading-setup. Note: This is meant to be a preparation for you. As always we will have to wait for a confirmation. CAD/CHF: Daytrade-Preparation Market-Buy: 0,69630 Stop-Loss: 0,69430 Target 1: 0,69820 Target 2: 0,70000 Target 3: 0,70170 Stop-Loss: 19 pips Risk: 0,5% Risk-Reward: 2,80 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Long
by Trading2ez
2