CADCHF - Short from trendline !!Hello traders!
‼️ This is my perspective on CADCHF.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. My point of interest is price to fill that huge imbalance and to reject from trendline.
Fundamental news: Upcoming week on Wednesday (GMT+2) we will see results of Interest Rate on CAD and on Thursday Interest Rate on CHF. News with high impact on currencies.
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CADCHF trade ideas
Monthly CLS range. AMD playing out. Short in distribution phaseMonthly CLS range. AMD playing out. Short in the distribution phase
you are welcome to comment with your thoughts and share your charts or questions below, I like any constructive discussion.
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CADCHF Will Go Up From Support! Long!
Here is our detailed technical review for CADCHF.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 0.620.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.627 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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CAD CHF Sell
**c OANDA:CADCHF Trade Idea: Bearish Bias**
**Summary:**
This setup indicates a **sell** opportunity for CADCHF, driven by seasonal trends and exogenous factors favoring CHF over CAD.
**Key Points:**
- **Seasonality:** CHF exhibits bullish momentum from Nov 18 to Dec 29, while CAD remains neutral, favoring CHF strength.
- **Commitment of Traders (COT):** Both CAD and CHF are near their bottoms, indicating a neutral bias from this perspective.
- **Exogenous Factors:**
- **Balance of Payments (BOP):** Negative for CAD, positive for CHF, favoring CHF.
- **GDP Growth:** Negative for CAD and positive for CHF, adding to the bearish outlook for CADCHF.
- **Stocks:** Negative for CAD and positive for CHF, supporting CHF strength.
- **Interest Rates (IR):** Neutral for both currencies but does not offset the bearish sentiment for CADCHF.
- **Exogenous Score:** CHF (60.5) strongly outperforms CAD (1.5), supporting a sell bias.
**Trade Bias:**
Sell CADCHF, as seasonal and exogenous factors significantly favor CHF over CAD.
**Risk Disclaimer:** Apply proper risk management, and account for potential volatility in the pair.
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CAD/CHF Reversal Opportunity with Target ZonesThis 4-hour CAD/CHF chart depicts a potential bullish reversal setup at a key support zone, where the price has reached a marked "Buy @ CMP" level near 0.6200. The chart highlights two take-profit levels (TP1 at 0.6260 and TP2 at 0.6320), suggesting a potential upside from the current market price. A stop-loss is positioned below the support level at 0.6180 to minimize risk. This setup indicates an opportunity to capitalize on a rebound from the support level, with a favorable risk-to-reward ratio targeting the identified profit zones.
CADCHF On The Rise! BUY!
My dear subscribers,
CADCHF looks like it will make a good move, and here are the details:
The market is trading on 0.6216 pivot level.
Bias - Bullish
My Stop Loss - 0.6192
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.6261
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
CADCHF - Short supported by fundamentals and technicalsFundamental Analysis:
Key indicators, including the LEI and both Endogenous, and Exogenous factors, have been steadily declining on a weekly basis. This indicates a weakening outlook for the CAD against the CHF, supporting a bearish perspective on the pair.
Seasonality:
Historically, CADCHF shows a bearish tendency between December 2nd and December 16th, pointing to a potential seasonal opportunity for short positions.
COT Report:
CHF is near its lows, while CAD remains neutral. The report indicates a sell bias for CAD and a buy bias for CHF, suggesting potential opportunities in favour of CHF
Technical Analysis:
CADCHF has been in a downtrend and forming lower highs (LH) and lower lows (LL) on the 1H timeframe. Currently, it’s displaying a bearish flag pattern, signalling the potential for the downtrend to continue. This presents a shorting opportunity if the price breaks below the most recent lower low."
Conclusion:
Consider shorting CADCHF, as a combination of seasonal trends, fundamental factors, and technical indicators strongly support CHF over CAD.
Entry Price: 0.62559 (Sell Stop)
Stop Loss: 0.62700
Take Profit 1: 0.6242
Take Profit 2: 0.6228
Heading towards 38.2% Fibonacci resistance?CAD/CHF is rising towards the pivot which has been identified as a pullback resistance and could reverse to the pullback support.
Pivot: 0.62799
1st Support: 0.62399
1st Resistance: 0.63072
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
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TradeCityPro | CADCHF Weekly Triggers for Precision Trading👋 Welcome to the TradeCityPro channel!
Let’s step away from the crypto world and dive into a Forex analysis to prepare solid triggers for opening positions this week :)
🌐 Fundamentals Recap
CAD: Strengthened by oil prices and Bank of Canada policies. Hawkish stances and higher oil prices are supportive.
CHF: safe haven gaining in risk-off markets, driven by Swiss National Bank actions and global uncertainty.
Key Dynamics: Risk-on sentiment supports CAD; risk-off favors CHF.
📊 4-Hour Chart Analysis
The pair is in a range-bound structure between 0.6274 (support) and 0.6316 (resistance). The last 4-hour candle engulfed the previous 6, signaling a bearish outlook.
Before this range, a strong green weekly candle formed but was fully engulfed in the subsequent week, emphasizing the longer-term downtrend.
CADCHF is near its historical lows, which might attract selling pressure for continuation moves.
📈 Long Position Trigger
Avoid longs for now. A bullish breakout above 0.6351 with higher highs and lows would be necessary to justify a long position.
📉 Short Setup
break below 0.62741 with confirmation (e.g., RSI below 31.21) offers a solid shorting opportunity.
Stop Loss Tip: Let the range consolidate for one or two more candles to tighten your stop-loss and refine your entry.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
CADCHFShort idea stop sell order at 0.6298
SL 0.63120
TP 0.6280
RR 1:6
( I should point out that I use the 200 hourly ema when determining the trend )
As I see it
The weekly trend is bearish now, last week painted a huge engulfing red candle
The daily trend was reacted 200ema
Now I use 1h timeframe to take an entry for the short position
picture has other explain to enter this trade, So will see💸
#017 DCA CADCHF SELLReversing my gears.
Shorting CADCHF now since price is in a range currently. I first thought of shorting CADCHF when I was browsing through my watchlist. But I decided to place my Sell Market on the Hourly for added confirmation because the Hourly Time Frame looks cleaner.
Actually the Time Frame doesn't matter. I draw the ratio ruler on Hourly because as mentioned, price looks cleaner on the Hourly.
Just going for a swing.
Haven't decided on Sell Limit orders yet. Shall see, also.
2013SGT 02122024