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SWISS FRANC / CANADIAN DOLLAR

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CHFCAD trade ideas

CADCHF Bear StrikeBias Bearish Fundamental CAD is bearish. CHF is ongoing bullish momentum Price Action Price retrace back into H4 SR level. Price consolidated in H4 SR level. Price broke through retracement M15 trendline and M15 Consolidation support level. Price close with a bearish momentum candle Confluence H4 SR level rejection, M15 SR level broken, M15 Bullish Trendline broken, Bearish momentum candle. Setup Short Entry at M15 broken SR level. SL 2x ATR(20) M15 TP Next Daily/H4 swing low. R:R 1:4
Short
by royschen07
1
CADCHF - Return to Previous LevelsHere are several reasons to consider buying CAD/CHF (Canadian Dollar/Swiss Franc): 1. Economic Strength: - Canada’s Economy: If recent economic indicators from Canada (such as GDP growth, employment data, and retail sales) show strong performance, it suggests a robust economy, which could strengthen the CAD. - Switzerland’s Economy:Conversely, if Switzerland's economic data shows weakness, it could weaken the CHF. Factors could include lower-than-expected GDP growth, higher unemployment rates, or poor manufacturing data. 2. Interest Rate Differentials: - Interest Rate Policies: If the Bank of Canada is hiking interest rates or maintaining higher rates compared to the Swiss National Bank (SNB), this interest rate differential makes holding CAD more attractive, as investors seek higher returns. 3. Commodity Prices: - Oil Prices: Canada is a major oil exporter. Rising oil prices can boost the Canadian economy and strengthen the CAD. If oil prices are on an uptrend, it could be a signal to buy CAD/CHF. 4. Risk Sentiment: - Global Risk Appetite: The CHF is considered a safe-haven currency. In times of global risk-on sentiment, investors may move away from safe havens like the CHF towards higher-yielding assets like the CAD. 5. Trade Balance: - Positive Trade Balance: If Canada reports a trade surplus or an improving trade balance, it could support the CAD. Conversely, a trade deficit in Switzerland could weaken the CHF. 6. Technical Analysis: - Support Levels: If CAD/CHF is trading near strong support levels, it might present a good buying opportunity. Look for technical patterns such as double bottoms, trendline support, or key Fibonacci retracement levels. - Moving Averages: If the pair is above key moving averages (e.g., 50-day, 200-day), it could indicate a bullish trend. 7. Political Stability: - Canada’s Political Climate: If Canada has a stable political environment compared to Switzerland, it could be another reason to favor the CAD. 8. Inflation Data: - Canada’s Inflation: If inflation in Canada is under control and aligns with the Bank of Canada's targets, it can lead to a stronger CAD. - Switzerland’s Inflation: Conversely, low or deflationary pressures in Switzerland can weaken the CHF. 9. Divergence in Economic Policies: - Fiscal Policies: If Canada is implementing expansionary fiscal policies that are likely to stimulate economic growth, this could be favorable for the CAD. - Monetary Policies:A divergence in monetary policies, with the Bank of Canada being more hawkish than the Swiss National Bank, could also support a bullish view on CAD/CHF. 10. Market Sentiment: - Analyst Consensus:Positive market sentiment and analyst recommendations towards the CAD could influence traders and investors to buy CAD/CHF.
by NZ_Shareman
Bearish reversal off 38.2% Fibonacci resistance>CAD/CHF is rising towards the resistance level which is a pullback resistance that lines up with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.64424 Why we like it: There is a pullback resistance level that lines up with the 38.2% Fibonacci retracement. Stop loss: 0.64882 Why we like it: A pullback resistance level is slightly above the 50% Fibonacci retracement. Take profit: 0.63654 Why we like it: There is a pullback support level. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Short
by VantageMarkets
Signal Alert: CAD/CHF Move - BuyDear Traders, We have identified a promising opportunity in the CAD/CHF currency pair based on our analysis using the EASY Quantum Ai strategy. Below are the specifics for the recommended trade: Direction: Buy Enter Price: 0.63847 Take Profit: 0.64038333 Stop Loss: 0.63614333 Justification: 1. Technical Analysis: Recent price action shows a strong bullish pattern, indicating the potential for upward movement. Key support and resistance levels have been respected, reinforcing a positive trend direction. 2. Fundamental Factors: The Canadian economy has shown resilience in recent economic reports, while Switzerland's outlook remains stable. Monetary policy divergence between the Bank of Canada and the Swiss National Bank also supports a bullish outlook for CAD/CHF. 3. Market Sentiment: Traders' sentiment data shows an increase in long positions in CAD, suggesting that market participants expect the Canadian dollar to strengthen against the Swiss franc. Our sophisticated AI-driven strategy considers these factors to generate high-probability trading signals. Adhering to the recommended entry, take profit, and stop loss levels can help manage risk and maximize potential returns. Happy Trading! EASY Quantum Ai Team
Long
by ForexRobotEasy
CAD/CHF Buy Trade OpportunityAttention Traders! Here's an exciting trade setup for the CAD/CHF currency pair. This opportunity involves a buy trade with a well-defined entry range and profit targets to maximize your potential gains. Trade Details: Buy Range: Enter the trade when the price is between 0.6488 and 0.6490 . Profit Targets: First Target: 0.65750 . Set this as your initial level to take some profits. Second Target: 0.65900 . Aim for this level to maximize your returns. Key Points to Consider: Entry: Ensure you enter the trade within the specified range of 0.6488 to 0.6490 to optimize your potential profits. Profit-Taking Strategy: Setting two profit targets allows for effective risk management and maximized gains. Close part of your position at 0.65750 to secure initial profits and aim for 0.65900 for additional gains. Risk Management: Always consider your risk tolerance and use appropriate stop-loss orders to protect your investment in case the market moves against your position. This structured approach ensures you have a clear plan for entering and exiting the trade, balancing potential profits with effective risk management. Happy Trading!
Long
by FOREX-XONA
Importance of zones!Hey traders, here is a great example of why I set specific zones for all my trades. When I do my analysis for the day, I create zones based off of strict support and resistance zones and trend line breaks as well. These zones and all my trades are based off the daily candle close. I choose to drop down to the 15 min chart but you can just go off the 4hr chart if it’s easier but you might not get as many trades. I always shoot for 5 pips but 8 out of 10 times price moves way farther. With 3 crazy kids I have to set targets and they are either gonna hit or stop out. I really hate losing so I try my damn best to make sure momentum is in my favor. For my trade set ups, typically what I would like to see is a daily candle closing bearish and the 4 hour candle closing bearish and vice versa. Discipline is a major key factor in my trading strategy something that I have acquired over the years. Stick to the plan and WAIT FOR IT! OANDA:CADCHF I could have 20 great trades lined up for the day and not one of them break my zone. It’s ok though, there’s always tomorrow. If price doesn’t break my zone by the end Tokyo session I’m out cuz the London session is just a bully that likes to go the opposite direction. I also cleaned up my chart so it’s easier to read both for you and myself. If I ever post an idea, I might just post my trade then go back into the comments and explain the details later. Happy trading. Aloha and much love
Education
by W8_4it