Cadchflong
CADCHF - BULLISH BIASCAD - BULLISH
1️⃣ Prime Minister Trudeau unveiled a plan to help the economy recovery from the coronavirus fallout, including a commitment to extend wage subsidies until next summer, and support for industries hardest hit by the pandemic.
2️⃣ The upbeat market mood at the start of the week seems to be making it difficult for the safe-haven USD to find demand.
CHF - BEARISH
1️⃣ Swiss National Bank kept interest rates steady and reiterated its willingness to intervene more strongly in the currency markets to stop the rise of franc.
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TECHNICAL
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- We are looking to long CADCHF on RBS level + SMA100 area on H1 chart.
- CADCHF in bullish zone.
Pullback Setup | Strong Zone of ConfluenceLooking to go long on a pullback to retest the broken resistance which is now acting as support in confluence to our respectable ascending TL and 0.5 fib retracement.
CAD/CHF Long ?CAD / CHF when we look at the monthly timeframe, we can see that a proper retest has not been done. So we can definitely expect this pair to go long. Before that, the price should be lowered even more.
CADCHF, Breakout Expected..Critical Point.
Strong W,D,4H Rejection Zone.
0.5 Fib Level
Wait for breakout.
CADCHF - Take AdvantageAfter breaking the ascending triangle we began to see bearish momentum but that soon slowed down and now it looks like the price has failed to continue the downside and we are in the process of a structural shift indicating a potential buying opportunity.
COT DATA - 55% Short
CADCHF Possible Reversal Zone | Demand zonewe are very close to demand zone and price also making good bullish divergence on RSI
CADCHF signal (LONG)Hello friends.
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Everything on the chart.
open pos: on breaking resistance
targets: 0.7042 - 0.7065
after first target reached move ur stop to breakeven
stop: (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 4
Good luck
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CADCHF LONG- Lower lows, lower highs
- Break of 50MA on the daily
- Recent cross of the 50/200MA on the 1hour
- Pullback to 0.786, should tap the 50MA
CAD/CHF - Waiting for retestPrice has been in a clear steady uptrend with higher highs & higher lows. We are waiting for price to retest the indicated broken level for buy entries.
CAD/CHF 03.09.2020Open Position: Buy 0.69278 (valid until 04.09.20)
Take Profit: 0.69651
Stop Loss: 0.69071
cadchf price at trend line supportprice back to trend line support
waiting for proper movement than add this one into account
CAD/CHF BullishI expect price will soon breakout from this resistance and price will move further up following the current uptrend.
CADCHF Long SetupLong : 0.6943
Stop : 0.689
Target : 0.697 , 0.70 , 0.703 , 0.7060
price break the resistance ( red Zone ) also bouncing from the rising wedge zone
CADCHF - BULLISH BIASCAD - BULLISH
1️⃣ The Canadian dollar appreciated further, supported by higher oil prices and a weaker dollar.
2️⃣ News that Novavax Inc had reached an agreement with the Canadian government to supply up to 76 million doses of its experimental coronavirus vaccine lifted investors’ sentiment.
3️⃣ The Fed’s dovish signal, the risk-on mood continued weighing on the buck.
CHF - BEARISH
1️⃣ The global risk sentiment remained well supported by hopes of a potential vaccine and treatment for the COVID-19 virus. This coupled with a positive trade-related development further boosted investors' confidence.
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TECHNICAL
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- We are buying this pair on RBS level + SMA100 area + pivot point level on H1 chart.
- CADCHF in bullish zone.
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RISK TO THIS TRADE
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- This trade will hit stop loss if market sentiment turns to risk-off and oil prices going down.
