CADCHF: Bulls Will Push
The strict beauty of the chart is a reflection of the fierce eternal battle between the bulls and bears and right now I can clearly see that the bulls are taking over so we will bend to the will of the crowd and buy too.
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CADCHF trade ideas
DeGRAM | CADCHF downturn in the channelCADCHF is moving in a descending channel under dynamic resistance.
The price dropped under the level coinciding with the 62% retracement level of the last bullish impulse.
We expect the decline to continue.
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CADCHF: Bearish Outlook Explained ๐จ๐ฆ๐จ๐ญ
CADCHF pair broke and closed below a solid intraday horizontal support.
After a violation, the market retested the broken structure and started to consolidate.
A bearish breakout of a support line of a consolidation range gives us a strong bearish confirmation.
It increases the probabilities that the fall will continue.
Goals: 0.6587 / 0.6567
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CADCHF Going ShortTechnical Indicators:
1- Dow theory on Bearish Side
2- Fib Retracement expected to reach at 0.236 point
3- AB=CD also have strong indication to get the target point
4- Bearish trendline show us indication of bearish downward trend
Fundamental Indicator:
1- Got entry on 1st breakout of Sell
2- Seasonality pattern show us the bearish trend
3- Summary 3 score also indicate the CAD is positive and CHF have more scores in bearish side
4- The Endogenous factors also favour in CADCHF trend
CADCHF sell setup formed, 2hrCADCHF was in an uptrend for the past few weeks. It failed to cross the resistance at 0.66910 after touching it for the second time.
The CADCHF gave us a Head & Shoulder reversal pattern at our resistance zone showing us that sellers are in control. The uptrend was then broken preparing for sells. The breakout formed a flag continuation pattern confirming the sell opportunity in a technical view.
CADCHF About to turn bullish long-term.The CADCHF pair Has been trading within a Channel Down pattern since January 2023 but recently it has shown growing signs that the long-term bearish trend is coming to an end. First of all, it formed the first Golden Cross on the 1D time-frame since April 01 2022. Since then, it has held the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) as Supports.
The strongest bullish development is that it turned the 1W MA50 (red trend-line), where it was rejected on September 29 2023, from a long-term Resistance to Support. The last time that this series of events happened following a 1D Golden Cross, was within December 2020 - January 2021. Even the 1D RSI fractals between the two are similar. What the past fractal did after turning those MAs into Supports, was rally aggressively above the previous Resistance.
As a result we turn bullish now on this pair, expecting the Channel Down to break upwards, and target 0.69650 (Resistance 1).
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CADCHF LongEntered CAD/CHF on as price tested the high of the Asian session. Fundamentally CAD is stronger the CHF and CADCHF has got battered lately on the daily chart. I expect price to churn around some here in the price area before potentially moving higher on the 4hr daily. This trade will probably be an intraday trade but I will ride it to see where the momentum goes.
Sell Overheated Loonie (May 2)Fundamentals & Sentiment
CAD:
- BOC has been successfully coping with inflation, with the latest Core CPI YoY posting 2%.
- The solid economic performance of Canada added urgency to hike rates until the target CPI has been achieved, so keeping rates high is becoming obsolete. There's still a decent potential to price in cuts until the next BOC rate decision.
CHF:
- Rate cut differential
Technical & Other
Setup: TR(B)
Setup timeframe: 4h
Trigger: 1h
Medium-term: Sideways
Long-term: Uptrend
Min target: DMA(50)
Risk: 0.25%
Entry: Market
CADCHF - 4hrs ( Sell Trade Target Range 120 PIP ) Pair Name : CAD/CHF
๐จTime Frame : 4hrs Chart / Close
โScale Type : Large Scale
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โ๏ธ Key Technical / Direction ( Short )
Type : Mid Term Swing
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Bearish Break
0.66450 Area
Reasons
- Major Turn level
- Choch Zone
- inner Trend line
- Visible Range lvn
- Day low Break
- Week low Break
Bullish Reversal
0.65250 Area
Reasons
- Major Turn level
- Pattern Target
- Choch Zone
- Fibo 61.8 % Golden
- Fixed Range Hvn
CADCHF Will Explode! BUY!
My dear followers,
I analysed this chart on CADCHF and concluded the following:
The market is trading on 0.6656 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.6673
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
BUY CADCHF for uptrend continuation BUY CADCHF for uptrend continuation
STOP LOSS : 0.6614
There is a strong trend on the daily time frame and all that have happened in the past days was just consolidation ( or trend pull back before continuation) .....
The daily time frame is showing strength continuation from this level of support and resistance so we are looking for the trend to push forward from here .....
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 withโฆโฆ.trading with the trend, patient and good risk management is the key to success here