CAD (Canadian Dollar)
CAD/CHF H4 | Potential bullish bounce off 50% Fibonacci supportCAD/CHF is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 0.66497 which is a pullback support that aligns close to the 50.0% Fibonacci retracement level.
Stop loss is at 0.66200 which is a level that lies underneath the 61.8% Fibonacci retracement level.
Take profit is at 0.67252 which is a level that aligns with the 100.0% Fibonacci projection level.
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CAD/CHF H4 | Falling to 50.0% pullback supportCAD/CHF is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 0.66845 which is a pullback support that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 0.66757 which is a level that aligns with the 61.8% Fibonacci retracement level.
Take profit 1 is at 0.66934 which is a pullback resistance that aligns close to the 38.2% Fibonacci retracement level. Risk/Reward Ratio: 1 : 1.01
Take profit 2 is at 0.67044 which is a pullback resistance that aligns close to the 23.6% Fibonacci retracement level. Risk/Reward Ratio: 1 : 2.26
Total risk 1.2%
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Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Technical analysis of the CADCHF currency pairThe price has once again hit the ceiling of the red and black descending channel. At the same time, we see the price hitting the 200-day moving average and the supply range of 0.6700. In general, we see a very strong resistance range, which can result in a price drop.
Note that if the price breaks this range upwards, a very strong buy signal will be issued. Otherwise, we should see a price correction.
CADCHF - 4hrs ( Sell Trade Target range 100 PIP ) 💵Pair Name : CAD/CHF
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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🔗 Key Technical / Direction ( Short )
Type : Mid Term Swing
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☑️Bearish Break
0.66850 Area
Reasons
- Major Turn level / D
- Major Reversal
- Fibo 1.618 % Golden
- Fixed Low Volume Break
- Visible Range Lov Volume Nudes
☑️Bullish Reversal
0.65750 Area
Reasons
- Major Turn level / D
- Pattern Target
- choch Area
- Ultra Volume / Fixed
- Visible Range LVN
CADCHF - 12hrs ( Buy Trade Target Range 130 PIP ) 💵Pair Name CAD/CHF
Time Frame : 12 hrs
Scale Type : line chart + Candle Stick
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🔗 Key Technical / Direction ( Long )
Type : Mid Term Swing
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Bullish Break
0.66900
reasons
- Major Turn level / D
- Fixed range Value
- Pattern Break
- Bullish Sign / Engulfing
- trend Line Area
Bearish Reversal
0.68300 Area
Reasons
- Major Turn level
- Choch / D
- Pattern Target
- 3 Quarter High
- Fibo Golden
CAD/CHF BEARISH BIAS RIGHT NOW| SHORT
Hello,Friends!
CAD/CHF pair is in the uptrend because previous week’s candle is green, while the price is evidently rising on the 3H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 0.662 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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CADCHF: Bearish Forecast & Outlook
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current CADCHF chart which, if analyzed properly, clearly points in the downward direction.
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CADCHF - 4hrs ( Buy Scalping Target Range 60 PIP ) 💵Pair Name : CAD/CHF
Time Frame : 4 hrs
Scale Type : line chart + Candle Stick
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🌐 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
🔗 Key Technical / Direction ( long ) Mid Term
Type : Mid Term Swing
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Bullish Break
0.65300 Area
Reasons
- Major Turn level / M
- Pattern Break
- Fixed Poc Area
- De Value Area
- Day / w High
Bearish Reversal
0.66200 Area
Reasons
- Major Turn level / D
- Pattern Target
- Month High Area
- Fibo Golden
- Ultra Volume
CADCHF - 4hrs ( IntraDay Sell Trade Target Range 90 PIP ) 💵Pair Name CAD/CHF
Time Frame : 4 hrs
Scale Type : line chart + Candle Stick
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🌐 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
🔗 Key Technical / Direction ( Short ) Intra Day
Type : Mid Term Swing
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Bearish Reversal
0.66000 Area
Reasons
- Major Turn level
- Fixed Range Hvn
- Counter Break
- Fibo Golden
- inner Choch
Bullish Reversal
0.65000 area
Reasons
- Major Turn level / M
- Pattern Target
- Choch Zone
- Fibo Golden
- Fixed Hvn
CAD-CHF Bullish Breakout! Buy!
Hello,Traders!
CAD-CHF is trading in an
Uptrend along the rising support
And after the rebound from the
Support we are seeing a bullish
Breakout of the key horizontal
Level of 0.6558 which reinforces
Our bullish bias and makes us
Expect a further swing move up
Buy!
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CADCHF Short IdeaMARKET PHASE
OANDA:CADCHF is in a long term downtrend (daily) with a short term corrective structure that has been taking place (4 hour).
AREA OF VALUE
Price continued to break new highs within this corrective structure. Eventually, price reached an area where sellers stepped in, resulting in a buildup of liquidity (buy stops, longs, short stop losses) above the corrective structure swing highs. Price violently moved up to trigger the buy stops (liquidity) to pair against the sell orders needed to take price down. Price has started it's initial move down but due to the velocity of the downward move, it's gapped some orders around 0.65272. Price is likely to retrace to this level before continuing downwards.
TRADE
I will be entering short on OANDA:CADCHF with the following parameters:
Sell Limit: 0.65272
Stop Loss: 0.65397
Take Profit: 0.65022
CADCHF Technical Analysis! BUY!
My dear subscribers,
CADCHF looks like it will make a good move, and here are the details:
The market is trading on 0.6508 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.6519
About Used Indicators:
The average true range ATR plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
CADCHF Is Very Bearish! Short!
Please, check our technical outlook for CADCHF.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 0.652.
Taking into consideration the structure & trend analysis, I believe that the market will reach 0.650 level soon.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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