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Cadchflong

CADCHF 1:2 Risk Reward (Potential Setup)Fundamental LogicStrategy Scores: - Strong signs for CAD +22 - Weaker signs for CHF -27 CAD Fundamentals: - Retail sales 1.1% increase by 0.1% - Core retail sales increased by 1% massive jump for consumer consumption towards GDP - Manufacturing sales 2.1% increased from -0.2%, this is a big component for exporters, more sales meaning higher consumption domestically but also abroad for domestic goods. - Employment numbers up in Canada showing more people being employed leading to higher consumption, more spending, more investing and more demand for the currency. - 9th may Exports increased by 1.05 billion, exceeding expectations of by 1 billion. - Massive increase in the construction industry 235.5k housing starts leading to healthy lending from the banks, more employment from construction, more demand for imports for materials and more producer/manufacturing sales. Overall healthy signs for the Canadian Dollar, undervalued currently as of my point of view. CHF Fundamentals: - Trade balance significantly lower than last month, dropping to 2.294Billion from 3.2Billion - GDP was above expectations however already priced in no market volatility from the release. - PPI had no growth sitting at 0% decreasing by 0.3% suggesting price of goods are not changing leading to no inflation and no changes to interest rates. - Consumer confidence dropping to -6 from -4 showing the domestic consumers are not very certain of the future currently, leading to reduced consumption in the economy ands spending overall. - Leading to Retail sales figures of -0.7% a very large drop in sales in the country Overall, a weak month of data for the CHF all leading to less demand for the CHF.
Long
by Eren_Jaeger_Trader
CADCHF - SWING - 05. MAY. 2019WELCOME TO DACAPITAL-TRADING! CADCHF FOREX BREAKDOWN 05 MAY 2019 1 HOUR Bearish open towards previous weekly support level. 4 HOUR Expecting a reaction to the upside from this support level! DAILY Overall Bullish moving market with a few small pullbacks and good long entrys now. SWING SETUP BUY CADCHF ENTRY @ 1.75480 SL @ 1.75160 TP @ 1.76150 RR: 2.00 (Use normal Risk!) IF YOU HAVE ANY QUESTIONS LET US KNOW IN THE COMMENTS ALSO LEAVE US A LIKE TO KEEP OUR CONTENT FOR FREE!!
Long
by DACapitalTrading
CADCHF sell incoming - EQUIY.Dear traders, So as you can see we expect CADCHF to go short. We think it will go short because the markt is now in a strong weekly supply zone. If you zoom in on the daily chart you can see we are now also moving to strong supply zone that’s been filled right now. It will be much clear on the 4h chart, you can see we are creating now a nice “M formation”. We will wait till it reach our zone and then we will sell. For take profit levels and stoplos check our telegram group: t.me NOTE; if you follow our telegram group you will be always up to date about the last market trades and conditions. This is not everything, there is a lot more in the telegram group: What can you expect from us in the telegram group? -A watchlist video. This will be uploaded every Monday in the morning. -Trade setups. We only share high probability trade setups. -At the end of the week we will upload a market recap video. This means that we will look back at the trade setups we have discussed in the trading group. - Mini lessons about our strategy and mindset Furthermore, we have created this Equiy trading community group, because we want to create a community in which you can ask us questions, but also other people in the trading group. In that way we can grow as a community. We will share the link to this group in this message: t.me So, we hope you will enjoy this whole idea and that we will grow together! Team Equiy.
Short
by EQUIYtrading
1
BUY OPPORTUNITY ON CADCHF!Here we go again... Another buy opportunity and this time on CADCHF. Daily time frame analysis shows this pair having strong bullish momentum. Price has reached a strong resistance zone where we may potentially see price retrace before moving bullish again. I will be looking for price to retrace bearish to the 50% Fibonacci level whilst creating bullish divergence. This would be a good opportunity to buy. Both stoploss and take profit have been marked. RR = 1:2 Capital risked - 1%
Long
by Malika_Analysis
CADCHF - Waiting for LONGDear community, over the last two weeks I have updated you about my CADCHF short trade within the correctional a-b-c wave. This time I want to present you a trade in the opposite direction. Note: I do not want to go long immediately but am looking for clear signals of the a-b-c correction to be complete . However, I chose to publish this teaser upfront as I believe the correction is coming to an end sooner than later. Once the signs switch to buy, I will post a detailed update about why I elect to do so. If you are interested in this setup and want to receive notifications on further updates, please make sure you like the trade idea. If you want to stay up to date on all my activities make sure you follow me . Thank you and have a great weekend. Alysson x
Long
by TFLOfficial
CADCHF, TIME TO GO LONG!?Hello traders! Today we have this beautiful CADCHF setup, after moving to the downside for a long time, now we have the chance to go long for the first time, however, before we can, we have some things we need to check first! For a good and safe entry, we would recommend you to wait for a clean closure above our resistance level (you can look for entries in the 30M chart if you want). CADCHF has a lot of potential for us so let's try to get as many pips as we can from this setup! Best of lucks, GlobalYouthTrading For more updates join our free telegram group: t.me
Long
by Wevesting
1
CADCHF approaching resistance, potential drop!CADCHF is approaching our first resistance at 0.7544 (horizontal overlap resistance, 100% Fibonacci extension, 50% Fibonacci retracement) where a strong drop might occur to our major support at 0.7504 (horizontal swing low support, 50% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by easyMarkets
CADCHF approaching resistance, potential drop!CADCHF is approaching our first resistance at 0.7544 (horizontal pullback resistance, 61.8% Fibonacci extension, 50% Fibonacci retracement) where a strong drop might occur to our major support at 0.7502 (horizontal swing low support, 50% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (89,5,3) is also approaching resistance. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by easyMarkets