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CAD (Canadian Dollar)

**Forex Trade Analysis - CADCHF** 📉 **Forex Trade Analysis - CADCHF** 📉 Hello traders! 👋 Let's dive into a technical analysis of the CADCHF forex pair on the 1-hour chart. We've got an interesting setup that we can explore for potential trading opportunities. Remember, this analysis is for educational and informational purposes only and should not be considered as financial advice. ## **Chart Overview:** - **Trend:** Bearish 🐻 - **Divergence:** No - **Continuation Pattern:** Bearish Rectangle 📦 ## **Technical Analysis:** The CADCHF pair is exhibiting a clear downtrend on the 1-hour chart. The Relative Strength Index (RSI) does not show any divergence, indicating that the momentum of the downtrend is consistent and not showing any signs of reversal. Moreover, a bearish rectangle pattern has formed, suggesting a potential continuation of the bearish trend. ## **Trade Plan:** - **Entry - Sell Stop:** 0.64933 - **Stop Loss:** 0.65645 - **Take Profit:** 0.64594 ## **Trade Rationale:** With the ongoing bearish trend, lack of divergence on the RSI, and the formation of a bearish rectangle pattern, there is a potential opportunity to capitalize on further downside movement in the CADCHF pair. ## **Risk Management:** It's important to always manage your risk. In this trade, the suggested stop loss at 0.65645 helps limit potential losses if the trade goes against us. ## **Trade Execution:** Remember, trade execution can vary due to market volatility. Keep a close eye on price movements and ensure your platform is properly set up for pending orders. ## **Investment Advice:** Please note that trading forex involves substantial risk and is not suitable for all investors. This analysis is for educational purposes and should not be considered financial advice. Always do your own research and consider seeking professional advice before making any trading decisions. 📚 **Learn, Adapt, and Grow:** Trading is a continuous learning journey. Make sure to constantly refine your strategies, manage your risk, and stay disciplined in your trading approach. **Disclaimer:** This analysis is based on historical price data and does not guarantee future results. Prices in the forex market can be highly volatile and can change rapidly. Always use caution and trade responsibly. #CADCHF #ForexTrading #TechnicalAnalysis #BearishTrend #TradingView Happy trading and best of luck! 📈📉
Short
by T-Q
CADCHF Will Go Up From Support! Long! Please, check our technical outlook for CADCHF. Time Frame: 8h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 0.651. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 0.657 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
2
7 Dimension Bullish Setup For CADCHFTitle: Exploring Bullish Opportunities through Comprehensive Analysis 🕛 TOPDOWN Analysis - Position and Swing Entry 😇 7 Dimension Analysis - Reversal Entry Time Frame: Hourly 1️⃣ Swing Structure: Bullish 🟢 Structure Behavior: The Choch formation indicates that the deep correction move is almost concluded. 🟢 Swing Move: An internally impulsive move is initiating, supported by proper inducement and a completed choch. 🟢 Inducement: Successfully executed. 🟢 Pullback: The first pullback is complete, and a move above is anticipated. Extremal Order Block has been mitigated, validating a low. Time Frame Confluence: Strong areas across Daily, Weekly, Monthly, and Yearly. 🟢 Internal Structure: Bullish choch is confirmed, indicating readiness for a buy setup. 🟢 Trendline Breakout: Initial signal for entry or exit. Hourly trendline has been broken, and resistance breakout is in progress. 🟢 Chart Patterns: Reversal A Head and Shoulders pattern has formed, with the neckline broken and retested. A Bullish Flag has evolved, characterized by a "volume pole," low volume body, volume breakout, 5 to 7 bars, tilt, BO enter, and 38% correction (volatile bear flag is strong). An Ascending Triangle has also broken out on the bullish side. 🟢 Candle Patterns: 👍 Relevance at Bottom: Strong demand area. 👍 Climax Players: Notable appearance at the right bottom, accompanied by a surge in volume, signaling a strong bullish reversal. 👍 Transformation: Color, size, and frequency shift from bearish to bullish candles. Long Wick: Lower side wick indicates active bulls. Doji: Less significant due to the young trend. Momentum: Strict bearish engulfing without follow-up indicates an absence of sellers. Inside Bar: Narrow Range 7 signifies a bullish breakout. Blended Combo: 2/3 candle setup suggests a robust bullish configuration. 3️⃣ Volume: Significant volumes observed before the move ends, particularly noteworthy at the demand area where the price reversed. No volume during internal correction, followed by a surge in volume during the impulsive bull move. Healthy volume dynamics during the entire cycle. 4️⃣ Momentum RSI: 🟢 Zone: Bullish Sideways. 🟢 Range Shift: Transition from Bearish to Sideways. 🟢 Divergence: Regular 5-candle divergence at the bottom before the move signals momentum strength. 🟢 Momentum Shift: Loud move signals a shift in momentum, indicating reduced bearish sentiment. 🟢 Oversold Rejection: Previous low rejection strengthens the entry signal. 5️⃣ Volatility Bollinger Bands: 🟢 Middle Band: Serves as confirmation. 🟢 Squeeze: Indicates impending volatility. 🟢 Squeeze Breakout, Outside Upper Band: Expected and could offer an additional entry opportunity. 🟢 Walking on the Band: Awaiting confirmation. 🟢 W Pattern: Completed, with body area as a short-term target. 🟢 Dual Band Derivation: Supported. 6️⃣ Strength ADX: Bulls are asserting control and gaining strength at this juncture. 7️⃣ Sentiment ROC: Rate of Change isn't in favor, but other factors support bullish potential. ✔️ Entry Time Frame: H1 ✅ Entry TF Structure: Internal Bullish. ☑️ Current Move: Impulsive Swing and Internal, both portraying bullish trends. ✔ Support Resistance Base: Middle band and CIP (Change in Polarity). ☑️ Candles Behavior: Inside bars, bullish momentum. ☑️ Trendline Breakout: Confirmed. ☑️ Final Comments: Consider entering right now. 💡 Decision: Buy 🚀 Entry: Approximately 0.6541 ✋ Initial Stop Loss: Placed at 0.6472 🎯 Take Profit: Initial target at 0.6833, with additional targets at 0.7066 and 0.7272. Secondary exits based on changes in internal structure, trendline breakout, and potential FOMO action. 😊 Risk to Reward Ratio: 1:10 🕛 Expected Duration: 90 days SUMMARY: This comprehensive analysis delves into potential bullish opportunities based on a reversal entry approach. The swing structure, accompanied by choch and inducement, suggests a bullish bias. Chart patterns, candlestick formations, volume dynamics, momentum indicators, and Bollinger Bands are all considered. Key entry points, stop-loss strategy, take-profit levels, and expected duration are defined. This trade proposition showcases a substantial risk-to-reward ratio of 1:10.
Long
by Optimum369
1
CAD/CHF Will Explode! BUY! My dear friends , This is my opinion on the CAD/CHF next move: The market is trading on 0.65199 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Goal - 0.65400 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
7
Uncharted CADCHF Depths: Bearish Trend Meets Historic Low – DiveHey Traders! The CADCHF trade is currently in an unprecedented low zone, making it susceptible to sudden bullish surges. While the opportunity seems too promising to pass up, we must tread with caution. The overarching market trend remains bearish, we based our analysis on the long upper shadow and the 4-hour bearish flag pattern. A break in this formation might intensify bearish momentum. However, given that the pair is at its historical low, there's potential for a bullish counter-reaction, particularly with the upcoming CPI news tomorrow. To account for the inherent unpredictability, it's advisable to opt for a reduced lot size.
Short
by FX-TradingLions
CADCHF ____ INCOMING BEARISH MOVEHello Traders, Let's review CADCHF together... On the monthly timeframe, price should continue the bearish move... also the last month's candle represents a bearish continuation candlestick. On the weekly timeframe, you will notice the massive dump in price and how the price started retracing then printed a bearish continuation candle. Most times, when price dumps with speed, it hardly retraces higher... it makes a little retracement and continues the bearish move. This little retracement formed relatively equal lows (sell-side liquidity) which price will hunt. On the daily timeframe, you can see the sell-side liquidity clearly and you will also notice that I had marked two daily order blocks which price hasn't gotten to... but I notice price has formed a bearish CHOCH which could mean that price might likely not get to the two daily supply order blocks above because of the bearish momentum. I have updated my chart and inserted the daily order block formed by the bearish CHOCH. I'd wait for price to trade into the daily supply order block then go to the 1-hour chart for my trade setup to go short if it presents itself. See below correlated pairs: EURCAD & GBPCAD Follow for more updates like this. EURCAD ANALYSIS GBPCAD ANALYSIS Cheers, Jabari
Short
by jabariofafrica
CADCHF Alert: Bearish Flag Break? Don't Miss Out!Hello Traders, Exciting potential awaits on the CADCHF pair! Currently, we've spotted a bearish flag pattern forming on the 4h timeframe. A break from this formation will serve as a strong confirmation of continuing bearish momentum. Another key element to watch out for is the inside bar. A shift past its limit into a new low will underline the dominant bearish pressure in this scenario. Importantly, this analysis is also supported by the overall market direction which is decisively bearish. Furthermore, recent news has played a role in shaping this setup. The US Dollar has shown a slight weakening trend following a mixed July jobs report, and the Canadian employment change for July registered a decrease of 6.4K jobs. This gives additional context to our bearish outlook for CADCHF. As always, let's stay observant, manage risk wisely, and capitalize on these developments!
Short
by FX-TradingLions
1
CAD/CHF in Sideways Channel - Potential Trade Setups!📈 Forex Trading Analysis 📉 CAD/CHF in Sideways Channel - Potential Trade Setups! #Forex #CADCHF #TradingOpportunity #SidewaysMarket #TechnicalAnalysis Hey traders! 👋 Today, I want to share an exciting opportunity in the CAD/CHF currency pair. The 1-hour chart indicates that the market is currently moving sideways, which presents an excellent chance for us to capitalize on potential price reversals within this range. 📉 Trade Plan 1: SELL STOP 📉 Entry (EP): 0.65375 (Below S2) Stop Loss (SL): 0.65710 (Above S1) Take Profit (TP): 0.65040 (1:1 Risk-Reward Ratio) Trade Plan 1 aims to take advantage of the resistance level (S2) as our entry point. We'll set our Stop Loss just above the first support level (S1) to manage risk effectively. The Take Profit is set at a 1:1 Risk-Reward Ratio, targeting potential price movements to the downside. 📈 Trade Plan 2: BUY STOP 📈 Entry (EP): 0.66474 (Above R2) Stop Loss (SL): 0.66151 (Below R1) Take Profit (TP): 0.66800 (1:1 Risk-Reward Ratio) Trade Plan 2 leverages the support level (R2) for a possible price reversal to the upside. The Stop Loss will be placed below the first resistance level (R1) to protect against adverse movements. The Take Profit is set at a 1:1 Risk-Reward Ratio, aiming for a balanced and strategic exit. 📊 Technical Analysis: CAD/CHF is currently trading within a sideways channel, indicating a lack of a clear bearish or bullish trend. This scenario suggests potential reversals at key support and resistance levels, making Trade Plan 1 and Trade Plan 2 compelling setups to consider. 💡 Investment Advice: Remember, trading always carries risks, and it's crucial to manage your positions responsibly. Use appropriate position sizes and set stop losses to protect your capital. Additionally, consider diversifying your portfolio to reduce exposure to a single trade. As always, ensure you have a well-defined trading strategy and risk management plan before executing any trades. Stay disciplined and avoid letting emotions dictate your decisions. 🚀 Happy trading and may the pips be with you! 📈💰 Disclaimer: This post is for educational and informational purposes only. Trading the financial markets involves risk, and past performance is not indicative of future results. Make sure to do your own analysis before making any investment decisions. #InvestResponsibly #ForexTrading #TechnicalAnalysis101
by T-Q
CADCHF LONG/BUY🔰 Pair Name : CAD/CHF 🔰 Time Frame : 4H/ DAILY 🔰 Scale Type : MID Scale 🔰 Direction : SHORT/SELL 📈From a fundamental perspective, the CAD (Canadian Dollar) and USD (United States Dollar) share a strong correlation due to their economic ties. The majority of Canada's trade is with the US, making it susceptible to economic events and policies in the US, which significantly impact the Canadian economy and the CAD's value. 💼💱 📊 Currently, DXY (US Dollar Index) is experiencing a correction after reaching a critical low on the Daily chart. On the other hand, CADCHF (Canadian Dollar against Swiss Franc) has reached the daily demand zone at the 0.64730 area. Yesterday, a bullish pin bar formed, followed by a green bull candle today, indicating potential upward movement. 📉📈 📉📉 RSI (Relative Strength Index) for CADCHF shows it is oversold, and the month-long price drop has created a significant market imbalance below. We expect CADCHF to move up to collect the market imbalance, targeting at least the Fibonacci level 38.2 around the 0.66145 area. After reaching the daily support at that zone, there may be a retest of the Fibonacci level 23.6% before continuing to rise towards the Fibonacci level 78.6% at the 0.67567 area. 🎯📉📈 💡 Traders should closely monitor these technical indicators and price movements to make informed decisions in their trading activities. Remember to apply risk management strategies and exercise caution when trading the financial markets. ⚠️👀📉📈
Long
by Moon_SmartMoney
4
CADCHF Will Go Up! Buy! Take a look at our analysis for CADCHF. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 0.649. The above observations make me that the market will inevitably achieve 0.655 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1