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SWISS FRANC / CANADIAN DOLLAR

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CHFCAD trade ideas

Could price reverse from here?CAD/CHF is rising towards the pivot which has been identified as a pullback resistance and could reverse to the pullback support. Pivot: 0.63648 1st Support: 0.62457 1st Resistance: 0.64492 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 in Bullish TrendCADCHF is in bullish trend on 1H time frame. However, the same pair had already broken out the pole of bearish flag on a daily chart. Focusing on the hourly chart, there was a bullish divergence after which the trend has become bullish. It might remain bullish till it catches up with the projection of a bearish flag projection from there it might turns bearish again. I have placed a pending order of Buy Top on a hourly chart. The Signal is: EP: 0.62288 SL: 0.61474 TP: 0.6310 RR: 0.5%
Long
by MuhammadArif039
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