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Cadchftrend

CADCHF | Good Short Opportunity. When it comes to the technical analysis of CADCHF , it is still in downtrend and likely to get at least 100 Pips to the downside. Based on technical analysis, it looks weak even in higher time frames and smaller time frames alike. That's why I came to this conclusion that this currency pair is still in downtrend. However, if the price breaks the above supply zone, don't go short. If you are going short, better place the stop above the supply zone and should wait for a proper pullback to go short. What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis. If you find this technical analysis useful, please like & share our ideas with the community. Good Luck! Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Short
by Maxproftrade
CADCHF | Good Opportunity to sell.When it comes to CADCHF technical analysis , this currency pair is right now in a downtrend. If you find this technical analysis useful, please like & share our ideas with the community. What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis. Good Luck! Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Short
by maxprofprofile
CAD/CHF Analysis : Bullish movement Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ CAD/CHF has started this week's session with a great Bullish movement crossing all the daily resistance lines and seems to be gaining more momentum by the hour. the bulls will need to get over the 50-day EMA first for the trend to be considered Bullish but At that point, the lower time frames are giving a short-term profit potential. Possible Scenarios for the market : Scenario 1 : The market is trending at 0.73393 right now with a Strong Bullish candle forming for today, If the Bulls were able to hold that momentum then we could be seeing the market continue its Bullish movement and reaching the first weekly resistance line located at 0.73540, From there we will have a small confirmation for this Bullish trend that could lead the price near the 0.74030 where we might see a control battle. the weekly big Bullish target will be 0.74890 zones. Scenario 2 : Looks like the Bulls are in control right now but the Bears may step in and drive the price back down after reaching 0.73540, which could lead to a drop that could end near the 0.7220 level but there are no big signs for that yet, In case that happens a big battle will accrue between the Bulls and Bears at that level and the outcome will determine the direction for the market in the next period of time. Daily Technical indicators show : 1) The market is above the 5 10 20 50 100 and 200 MA and EMA (Strong Bullish Sign) 2) The RSI is at 58.70 showing Great strength in the market. No divergence was found between the market and the indicator. 3) The MACD is above the 0 line indicating that the market is in a Bullish state. With a positive crossover between the MACD line and the Signal line. Daily Support & Resistance points : support Resistance 1) 0.7303 1) 0.7317 2) 0.7294 2) 0.7324 3) 0.7288 3) 0.7332 Weekly Support & Resistance points : support Resistance 1) 0.7220 1) 0.7354 2) 0.7133 2) 0.7403 3) 0.7085 3) 0.7489 Fundamental point of view : The CAD/CHF cross rate has recently spent periods within various trading ranges, and it might be the case that it has established a new one after having broken lower in August. The move back up from that low was fast and it is now trading within a broad range again. no major Fundamental news happening right now that could affect the CAD/CHF market, But the 10-Year Bond Auction that is happening in Canada could have a small impact on the market. This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
Long
by GabiDahduh
2
CADCHF Strong SHORT 📉What I see in this pair is quite nice and as clear as possible, as you see in the chart, Blue area you see just above the price is strong supply which price reacted to it perfectly, you can see they pushed price lower and lower after reaching to its strong supply, Price were moving in strong uptrend channel , which 2 weeks ago that channel were broken to down, now we reached again broken point of channel , we consider it as a strong resistance. if price break this resistance we see it higher and higher, but for now we have all confirmations for sell as long as price is bellow 0.7380 , we have strong support just bellow price we use them as our 1st and 2nd TP . Any more info Comment or DM as always more than welcome to answer your questions 1:4 R:R LOVELY 👌🏻✅ GOODLUCK Everyone!!! FxShzd ✅📈📉✅
Short
by FxShzd
3
CAD/CHF Multi-Timeframe analysisHi Traders CAD/CHF Multi-Timeframe analysis H1 CHART ( BULLISH ) A very high probability, entry signal to go LONG was given at 0.71104 after the market found support at 0.70829 . Only the downward break of 0.70829 would cancel the bullish scenario. Support & Resistances 0.70789 0.71094 0.70455 0.71331 0.70165 0.71621 H4 CHART ( BULLISH ) A very high probability, entry signal to go LONG was given at 0.71104 after the market found support at 0.70829 . Only the downward break of 0.70829 would cancel the bullish scenario. Support & Resistances 0.70789 0.71094 0.70455 0.71331 0.70293 0.71621 DAILY CHART ( BULLISH ) A medium probability, entry signal to go LONG was given at 0.70611 after the market broke the resistance level at 0.70611 . Support & Resistances 0.70224 0.70550 0.69035 0.71444 0.68610 0.72959 WEEKLY CHART ( BULLISH ) Waiting for a retracement lower towards the 0.70070 support level, in order to reinstate LONG positions. Next important support is the 0.68165 level. Support & Resistances 0.70070 0.71194 0.68165 0.72008 0.67449 0.72512
Long
by Avramis
2