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CAD (Canadian Dollar)

CADCHF October 15th, 2023CADCHF on the daily timeframe reveals significant insights into bullish potential market movements. The chart exhibits a prominent trendline acting as both support and resistance. The price has successfully breakout above the resistance zone. However, a subsequent rebond suggests the possibility of a retest, as indicated by the blue arrow. In this scenario, the breakout followed by a retest signifies a potential shift from a bearish to a bullish trend. Traders may consider placing a buy stop order in proximity to the support area, formerly a resistance zone marked by the blue curved line. To reinforce this technical perspective, the historically observation of the MFI14 indicator proves insightful. The MFI14 indicator signals a potential reversal when its value falls below 20, commonly referred to as oversold conditions. Presently, the price seems to be heading in that direction. Caution is advised, and it is recommended to await confirmation. Despite the potential for a bullish trend reversal in CADCHF, caution is warranted due to prevailing market dynamics. The ongoing risk-on sentiment may contribute to the continued strength of the CHF as a safe-haven currency. Traders should be mindful of external factors influencing the Forex market, such as geopolitical events or economic uncertainties, which could impact the strength of the CHF. The bullish outlook is targeted towards the range of 0.66-0.71.
Long
by DNP-FX
CADCHF My Opinion! BUY! My dear friends, CADCHF looks like it will make a good move, and here are the details: The market is trading on 0.6637 pivot level. Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 0.6712 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
CADCHF Technical Analysis and Trade IdeaIn this detailed video analysis, we thoroughly examine CADCHF dynamics. We can see that CADCHF has been under significant downward pressure lately, causing it to move towards an important support level. The chart clearly shows a long price drop, suggesting a potential rebound. Our discussion covers essential aspects of technical analysis, including looking at current trends, closely studying price movements, assessing market structure, and exploring other key elements of technical analysis. Throughout the video, we explain these concepts in a straightforward manner to ensure our viewers have a comprehensive and enlightening learning experience. It's important to note that this video is meant for educational purposes only. Please don't consider it as financial advice. Remember that trading comes with inherent risks, so always prioritize responsible risk management in your trading activities.
Short
by fxtraderanthony
CADCHF Pure Resistance - Support trade.The CADCHF pair is trading within a 5-month Rectangle pattern. Following the rejection on the 0.68310 Resistance and establishing the price action below the 1D MA200 (orange trend-line), it should begin the final bearish phase towards the 0.64600 Support. The 1D MA50 is in between but after the 1D MACD formed a Bearish Cross, it shouldn't hold. Our target is 0.64800. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
CADCHF - Over 1000pips Banked. What Is Next?CADCHF has given us over 1000pip worth of setups. We are now looking for one more trade setup to complete this bearish wave. We know that Waves 1, 3 and 5 have a 5 wave structure. We are currently in wave 5 and looking for 5 subwaves to complete the bearish sequence. Trade idea: - We are in subwave 1 (of wave 5) - Watch for subwave 2 retracement - price should not go above 0.683 = invalidation level - Targets: 0.645 (300pips), 0.62 (550pips) Goodluck and as always, trade safe! See our previous CADCHF setups below:
by WicktatorFX
7
CADCHF - D1CADCHF D1 - After without a corrective upward movement, the price was able to correct about 40% (of the impulse), it is impossible to say whether the correction is complete. If the level of 0.67310 is broken, you can consider buying with a further upward movement to the targets of 0.68316 What can you expect? Breaking through the level of 0.67310 and continuing upward movement. Cancellation of the movement, the price will return to the level of 0.67024. Targets 0.67666 - 0.68017 - 0.68534
Long
by Trade_Hive_Signals
CADCHF H4 | Bullish bounce off 38.2% fibo?Price is falling to our buy entry at 0.6688, which is an overlap support level, aligning with the 38.2% fibo retracement and 78.6% fibo projection. Our stop loss is at 0.6639, which is a pullback support level, and at the 50% fibo retracement. Take profit is at 0.6757, which is a pullback resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Forex Capital Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM Australia Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM
CADCHF LONG TERM SELLING TRADEHello Traders In This Chart CADCHF HOURLY Forex Forecast By FOREX PLANET today CADCHF analysis 👆 🟢This Chart includes_ (CADCHF market update) 🟢What is The Next Opportunity on CADCHF Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the ChartS
Long
by ForexPlanet20
CadChf- A bottom could be in placeSince the double top back in May 2022, the CadChf pair has traded in a clear and nice downtrend. However, although the pair is still under the falling trend line, the pair hasn't made a significant new low after the May one, and for a month now it has been stuck around 0.65. A reversal could be next for this pair and, considering a target at the recent 0.68 high, a nice 1:3 risk: reward could be achieved. Keep in mind is a very slow pair!
Long
by Mihai_Iacob
13