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CADCHF trade ideas

Bearish drop?CAD/CHF has reacted off the pivot which has been identified as an overlap resistance and could drop to the 1st support which is a pullback support. Pivot: 0.62857 1st Support: 0.61967 1st Resistance: 0.6348 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: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
CADCHF: Consolidation & IndecisionThe current situation on CADCHF is quite unusual as the price is consolidating within a narrow horizontal trading range. The resistance levels are between 0.6280 and 0.6294, while the support levels are between 0.6263 and 0.6249. To predict a bearish trend continuation, we should wait for a bearish breakout below the support range, with a 4-hour candle closing below it to confirm the breakout. This could lead to a further decline towards the 0.619 level. On the other hand, to anticipate a bullish move, we need a 4-hour candle closing above the resistance range. This could signal a bullish continuation towards 0.634. It is recommended to wait for a breakout and then follow the market trend accordingly.
by linofx1
3
CADCHF Will Go Down From Resistance! Short! Please, check our technical outlook for CADCHF. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 0.626. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.612 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
CadChf could see some downside if Chf strengthensHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
by Shadowing_The_Big_Boys