CADCHF - Potential Upward MovementCADCHF already had a double bottom on the daily and is about to go up to upper bollinger band. Sentiment is currently at 90% long so likely to ascend. Exit at first supply zone @0.68
CAD (Canadian Dollar)
CADCHF LONG PROJECTIONCADCHF has recently formed a double bottom pattern, and for a bullish breakout to be confirmed, it needs to surpass a key level. This breakout is crucial to anticipate a continuation of the upward rally. Additionally, a significant buy back was observed at the major support level, indicating robust bullish activity at the bottom.
cadchf longhello everyone, there is high possibility of double bottom... price at support zone, wait for couple of bars to be bullish or break out of structure...
target 0.67
good luck
✅CAD_CHF LOCAL SHORT🔥
✅CAD_CHF is about to retest a key structure level of 0.6611
Which implies a high likelihood of a move down
As some market participants will be taking profit from long positions
While others will find this price level to be good for selling
So as usual we will have a chance to ride the wave of a bearish correction
SHORT🔥
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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. ⚠️👀📉📈
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.
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CADCHF - BEARISH MOVE📉Hello Traders👋🏻
On The Daily Time Frame The CADCHF Price Reached a Support Level (0.66430 - 0.65980).
Currently, This Key Level is Broken (Support Becomes New Resistance Level)🔥
So, I Expect a Bearish Move📈
i'm waiting for a retest...
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TARGET: 0.65000🎯
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CAD-CHF Risky Long! Buy!
Hello,Traders!
CAD-CHF is going down
To retest the horizontal
Support level of 0.6496
So after the retest I will
Be expecting a rebound
Buy!
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Check out other forecasts below too!
CADCHF - Watch For Breakout!Following on from our last CADCHF post, which resulted in a full TP of 900pips, we have found another great opportunity.
We are currently in wave 4, which appears to be a ABC correction. We are looking to trade the C leg of wave 4. We anticipate that wave B has completed therefore we can use the lows of wave B as invalidation level for our bullish trade.
Trade idea:
- Watch for bullish price action and enter
- stop loss below wave B completion (basically the lows)
- Target: 6.8 (300pips) but do actively manage your positions as we move higher.
See our last CADCHF post here:
Goodluck and as always, trade safe!
CAD/CHF WAITING FOR SHORT TRADEOn CAD/CHF, we have a bearish setup: there's a trendline supporting the price decline. The price at the level of 0.6540 has broken the low of July 21st, and what I expect is a retest of the break, and if there are operational confirmations, one could consider opening a short position. Personally, I don't have a strategic operation in this exchange. What I see is a truly strong Swiss franc in the last month, with a weak Canadian dollar, which is further amplified by a weak US dollar. This morning, the price broke another demand zone, supporting a bearish view. Tonight, we have the Fed rates, so keep an eye out for potential volatility. Let me know what you think. Happy trading to everyone from Nicola, the CEO of Forex48 Trading Academy.
CADCHF - 4hrs ( Buy Trade Target Range 140 PIP ) Pair Name : CAD/CHF
🗨Time Frame : 4hrs Chart / Close
➕Scale Type : Large Scale
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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 )
Type : Mid Term Swing
———————————
Bullish Reversal
0.65000 Area
Reasons
- Major Turn level
- Visible range lvn
- Liquidity Zone
- Fibo Golden
- Quarter's Area
Bearish Reversal
0.66200 Area
Reasons
- Major Turn level
- Fixed Range Lvn
- Visible range Value
- Visible Range lvn
- Month Low Area
CADCHF - 4hrs ( Up + 35 PIP / TP 1 > Full Tp 140 PIP ) Pair Name : CAD/CHF
Time Frame : 4hrs
Scale Type : Large Scale
Analysis Way : Volume + Classic + High & low + Market Map
Direction : Long
📋 Educational
—————**-
🗒 Just browsing through my analysis means a lot to me.
➡️ Update -
————
VIP Opportunity
Take Profit 1
Account Growth = 5 %
Pip' Achieved = 35 PIP
CADCHF - 4hrs ( Up + 70 PIP / Tp 2 > Full Tp 140 PIP ) Pair Name : CAD/CHF
Time Frame : 4hrs
Scale Type : Large Scale
Analysis Way : Volume + Classic + High & low + Market Map
Direction : Long
📋 Educational
—————**-
🗒 Just browsing through my analysis means a lot to me.
➡️ Update -
————
VIP Opportunity
Take Profit 1 + 2
Account Growth = 10 %
Pip' Achieved = 70 PIP
CADCHF - 4hrs ( Up + 105 PIP / Tp 3 )Pair Name : CAD/CHF
Time Frame : 4hrs
Scale Type : Large Scale
Analysis Way : Volume + Classic + High & low + Market Map
Direction : Long
📋 Educational
—————**-
🗒 Just browsing through my analysis means a lot to me.
➡️ Update -
————
VIP Opportunity
Take Profit 1 + 2 + 3
Account Growth = 15 %
Pip' Achieved = 105 PIP
CAD/CHF +100 Pips 0 Drawdown , 2 New Entries Added To Who MissedThis Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
CAD/CHF +75 Pips From Last Week Free Trade after i put it in my watchlist last week i shared a free buy trade on it u will find it in my related ideas
CADCHF - Potential SellCADCHF has been in a long term downtrend.
We are waiting for the highs to be taken out and the POI to be reached.
CAD/CHF +50 Pips From Last Video , New Entry To Who Missed FirstThis Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
CADCHFCADCHF will be buying for a while after mitigating the impulse low. We will buy all the way to the consolidation zone.
CADCHF LONG TRADEMarket has been falling and showed rejection at 0.6490 support area. Also, stocastic RSI is oversold and should attract buying pressure. Looking for buying opportunities and take profit at 0.6600 resistance level.
CADCHFSetup is formed CADCHF, Use proper risk management. a good setup is most probable entry not 100%.
Back At It Again With CAD/CHFThis time the bias is to go long. I don't think this pair goes down any further from here.
buy cadchf time 30A favorable buying opportunity for Cadchf is currently being formed, which has a good risk-to-reward ratio. Please note that all my analyses are based on a suitable risk-to-reward ratio.
