CADCHF trade ideas
CADCHF: Forecast & Technical Analysis
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the CADCHF pair price action which suggests a high likelihood of a coming move up.
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CADCHF Is Going Up! Buy!
Take a look at our analysis for CADCHF.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 0.664.
Considering the today's price action, probabilities will be high to see a movement to 0.669.
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.
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CADCHF - Ready For The Next Impulse 📉Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 CADCHF has been overall bearish, trading within the falling channel in red.
At present, CADCHF is hovering around the upper bound of the channel acting as a non-horizontal resistance.
Moreover, it is retesting the upper bound of the short-term symmetrical triangle marked in orange.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the upper orange and red trendlines.
📚 As per my trading style:
As #CADCHF is around the circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
CADCHF short idea CAD/CHF currency pair is exhibiting significant bearish potential, driven by anticipated actions from the Bank of Canada (BOC) and the overall bearish trend of the US dollar, which indirectly impacts the Canadian dollar.
Fundamental Analysis :
Bank of Canada's Monetary Policy: The BOC is widely expected to lower interest rates in the near future. A rate cut would weaken the Canadian dollar as investors seek higher yields in other currencies. The dovish stance of the BOC is a key bearish factor for the CAD/CHF pair.
US Dollar's Bearish Outlook: The overall bearish sentiment towards the US dollar also indirectly impacts the Canadian dollar due to the close economic ties between the US and Canada. As the US dollar weakens, it often leads to a spillover effect, dragging down the Canadian dollar further against other currencies, including the Swiss franc.
Technical Analysis :
Technically, the CAD/CHF pair has recently shown signs of downward pressure, breaking below key support levels. Momentum indicators like the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) suggest a continuation of the bearish trend, reinforcing the downside potential.
Conclusion :
Given the Bank of Canada's likely rate cuts and the overall bearish trend of the US dollar, the CAD/CHF pair is poised for further depreciation. Traders should consider this an opportune moment to explore short positions, anticipating continued weakness in the Canadian dollar against the Swiss franc.
CADCHF - In a range !!Hello traders!
‼️ This is my perspective on CADCHF.
Technical analysis: Here we are still in a range and price rejected one more time from resistance zone + institutional big figure 0.67000, so I expect bearish continuation to support zone.
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CADCHF My Opinion! SELL!
My dear followers,
I analysed this chart on CADCHF and concluded the following:
The market is trading on 0.6700 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.6664
Safe Stop Loss - 0.6723
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
CADCHF - SELL
Lots going on now
Swiss
Jappy
USD
All Selling off in Tandem
After some long runs
This is just what they do Un-Wind positions as they call it
HnS on this pair 110% Guaranteed
Everyone has seen it Always Always play out
Also Heading for Order Block Below
5m and 4 hr Index's are both crossing over
All indicators are Red at the Moment
CADCHF: Long Trade with Entry/SL/TP
CADCHF
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long CADCHF
Entry Point - 0.6664
Stop Loss - 0.6650
Take Profit - 0.6686
Our Risk - 1%
Start protection of your profits from lower levels
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CADCHF → Realization phase. Growth after breakthroughOANDA:CADCHF may continue its growth after confirmation of bulls' intentions. CHF is weakening faster than CAD, which in general will favorably affect the currency pair. We expect the growth to 0.68
The price is breaking the global resistance, as well as moving the consolidation pattern into the realization phase. Consolidation of the price above the previously broken trend boundary will be a great sign that the currency pair is ready to go higher. Fundamentally, the situation is relatively stable, which is generally positive for us. Ahead of resistance 0.6722, the level can be broken after a quick retest. The formation of a bullish impulse is possible.
Resistance levels: 0.6722
Support levels: 0.6694, 0.6655
Technically and fundamentally conditions are favorable. We are waiting for confirmation of the signal with the purpose of further growth to the previously mentioned targets.
Regards R. Linda!
CADCHF BACK ON RESISTANCE, POSSIBLE TRIPLE TOP PATTERNCAD/CHF has once again approached the major resistance level identified on both the hourly and daily timeframes. This level has repeatedly faced selling pressure, causing the price to reverse downward multiple times. Given the price's consistent respect for this level as a major sell zone, another potential sell-off could be imminent. Additionally, the most recent hourly candle closed with a bearish bias before the market closed.
CADCHF.... Range BoundCADCHF showing a range bound activity... with 4H resistance encroachment will likely to activate sellers as RSI is also showing a bearish divergence .....will it fall to next support .... Risk managed entry can be taken with a SL above resistance zone and entry after 1st red candle on 4H TF