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CADCHF trade ideas

Bearish Divergence on the CADCHF 4h ChartBearish Divergence with CCI (Commodity Channel Index) A bearish divergence occurs when the price is making higher highs (indicating bullish sentiment), but the CCI, which measures the variation of a security's price from its statistical mean, is making lower highs. This discrepancy can signal weakening momentum in the upward price movement, suggesting a potential reversal or pullback. In this case, this divergence on the 4h chart indicates that despite the price climbing, the momentum behind this rise is fading, hinting at a possible downturn. MACD (Moving Average Convergence Divergence) Crossing Down The MACD is a trend-following momentum indicator that shows the relationship between two moving averages of a security's price. A downward cross, where the MACD line crosses below the signal line, is a bearish signal. It suggests that the short-term momentum is slowing down compared to the long-term momentum, reinforcing the bearish sentiment indicated by the bearish divergence in the CCI. Price Touching the Upper Bollinger Band This suggests the market might be in an overbought condition, especially in the context of the bearish divergence with the CCI and the MACD crossing down. When the price hits the upper band, it's common for traders to expect a retracement or reversal, as the market could be seen as stretched too far to the upside. Price Ranging Above an Untouched Weekly Pivot Point Pivot points are used to identify potential support and resistance levels. The fact that the price is ranging above the weekly pivot point and hasn't touched it yet indicates that this level could act as a target for the downward movement. Pivot points are often considered floors or ceilings in market price movements, with the price making significant moves upon reaching these points. Potential Drop to the Weekly Pivot Point at 0.66417 Considering the bearish signals from both the CCI divergence and the MACD crossover, along with the price's current position above an untouched pivot point, the analysis suggests that there's potential for a downward move towards the weekly pivot point at 0.66417. This level could serve as a short-term objective for bears in the market or a reversal point for traders to watch closely. Summary This analysis points to a cautious stance for traders, with a bearish outlook in the short term based on the technical indicators that were highlighted. It would be wise to monitor these indicators closely, along with other market factors, to confirm any potential moves before making trading decisions. Always remember, while technical analysis can provide insights into market movements, it's crucial to consider a wide range of factors, including market news and economic indicators, before trading.
Short
by TradingClue
CAD/CHF H4 | Potential bullish bounce off 50% Fibonacci supportCAD/CHF is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 0.66497 which is a pullback support that aligns close to the 50.0% Fibonacci retracement level. Stop loss is at 0.66200 which is a level that lies underneath the 61.8% Fibonacci retracement level. Take profit is at 0.67252 which is a level that aligns with the 100.0% Fibonacci projection level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM
2
CAD/CHF H4 | Falling to 50.0% pullback supportCAD/CHF is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 0.66845 which is a pullback support that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 0.66757 which is a level that aligns with the 61.8% Fibonacci retracement level. Take profit 1 is at 0.66934 which is a pullback resistance that aligns close to the 38.2% Fibonacci retracement level. Risk/Reward Ratio: 1 : 1.01 Take profit 2 is at 0.67044 which is a pullback resistance that aligns close to the 23.6% Fibonacci retracement level. Risk/Reward Ratio: 1 : 2.26 Total risk 1.2% High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Long
by Alvard
CADCHF - 4hrs ( Sell Trade Target range 100 PIP ) 💵Pair Name : CAD/CHF Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ 🌐 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money 🔗 Key Technical / Direction ( Short ) Type : Mid Term Swing —————————— ☑️Bearish Break 0.66850 Area Reasons - Major Turn level / D - Major Reversal - Fibo 1.618 % Golden - Fixed Low Volume Break - Visible Range Lov Volume Nudes ☑️Bullish Reversal 0.65750 Area Reasons - Major Turn level / D - Pattern Target - choch Area - Ultra Volume / Fixed - Visible Range LVN
Short
by GentleGoldenEngine
1
SELL CADCHF for trend reversalSELL CADCHF for trend reversal update SELL CADCHF NOW ✅ STOP LOSS : 0.6719 From the movement is showing a possible trend reversal because more of the traders trading with the trend are already existing there trade positions , and on the daily time frame there is already signal of regular divergence which indicates a possible trend reversal too... there is a bigger chance of a possible reversal from this level...... you are free to contact me directly here and i will respond to all questions TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here
Short
by BALE_FX
CADCHF - 12hrs ( Buy Trade Target Range 130 PIP ) 💵Pair Name CAD/CHF Time Frame : 12 hrs Scale Type : line chart + Candle Stick ------ 🔗 Key Technical / Direction ( Long ) Type : Mid Term Swing —————————— Bullish Break 0.66900 reasons - Major Turn level / D - Fixed range Value - Pattern Break - Bullish Sign / Engulfing - trend Line Area Bearish Reversal 0.68300 Area Reasons - Major Turn level - Choch / D - Pattern Target - 3 Quarter High - Fibo Golden
Long
by GentleGoldenEngine
CADCHF MARKET OUTLOOK O1-O4-2024📈 Stay ahead of the game with our latest video on the CADCHF current market outlook! In this insightful analysis, we delve into the dynamic world of forex trading, focusing specifically on the Canadian Dollar (CAD) against the Swiss Franc (CHF) pair. Join us as we explore the current trends, key support and resistance levels, and potential trading opportunities for CADCHF. Whether you're a seasoned trader or just starting out in the forex market, this video offers valuable insights to help inform your trading decisions. Don't miss out on this essential update on one of the most traded currency pairs in the forex market. Watch now and gain a competitive edge in your trading journey! Remember to like, subscribe, and hit the notification bell to stay updated on our latest market analyses and trading tips. Let's navigate the forex market together and maximize your trading potential! 📊💰
Long
by Josebill
1
SELL CADCHF for trend reversal SELL CADCHF for trend reversal update SELL CADCHF NOW ✅ STOP LOSS : 0.6676 From the movement is showing a possible trend reversal because more of the traders trading with the trend are already existing there trade positions , and on the daily time frame there is already signal of regular divergence which indicates a possible trend reversal too... there is a bigger chance of a possible reversal from this level...... you are free to contact me directly here and i will respond to all questions TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here
Short
by BALE_FX
2