CADCHFNot too long ago I had published an idea about the $FX:CADCHF. Go check it out! However, I never took my eyes off of it, and due to that it made me dig deeper from a higher perspective... I came to the conclusion that this particular pair recently experienced something that's more than likely going to shift it's momentum for some time.
My reasoning..
Daily:
1. P.A. swept EQ highs
2. V shape pattern (bull's favor)
3. Bullish market structure
Weekly:
1. Strong bullish momentum after lowest point in the market.
2. Demand formed (untouched)
3. P.A. is set to reclaim a previous key level to the upside.
4. Triple key lows swept (liquidity grab)
Monthly:
1. After break of current L.H. (0.6898) the trend flips.
2. P.A. hit lowest levels in the market a couple months ago.
For these reasons I am bullish. Even though this isn't a currency pair I track & trade, this is me making an exception. I am publishing this for me, personally, but feel free to tag along if you like!
P.S. If ever curious about anything, ask.
CAD (Canadian Dollar)
CADCHF - Are We Still Trending Down?Analysis:
Bearish Confluences
Strong downwards trend
Retesting an area of significance
In a longer term descending channel
Longer term downwards trendline touch
The CAD is the 4th weakest major currency whereas the CHF is the 4th strongest major currency
12K short position increase for the CAD
3K long position increase for the CHF
Bullish Confluences
3K long position increase for the CAD
4K short position increase for the CHF
Recent CAD news has been bullish
Stay Safe - The JPI Team
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CADCHF I Potential short from resistance Welcome back! Let me know your thoughts in the comments!
** CADCHF Analysis - Listen to video!
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Ongoing downtrend with CAD/CHF - with warningThere has been an evident downtrend since June 2022.
The price continues to bounce on the resistance, just to come down and make a lower high...
However, there has been somewhat an established strong support as of late around 0.64666.
We will most likely see short term upside to 0.6629. And if it fails to break the resistance and come down, then the short target will most likely be at 0.6277.
Good to watch and see how it plays out.
CADCHFCADCHF is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is also the 38% fib retracement level and the previous broken resistance might be turning as a support. if the market successfully sustain this bullish confluence the next leg high could be 0.6590
CADCHF: Bullish Pattern & Important Breakout 🇨🇦🇨🇭
CADCHF formed a cup & handle pattern on a daily time frame.
The neckline of the pattern was broken yesterday.
It now turned into a strong support.
The market may go much higher now.
Next resistance - 0.66
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CADCHF Under Pressure! SELL!
My dear friends,
Please, find my technical outlook for CADCHF below:
The instrument tests an important psychological level 0.6543
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 0.6514
Recommended Stop Loss - 0.6558
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
CADCHF H4 | Bullish bounce off 61.8% fibo?Price is reacting off our buy entry at 0.6492, and we could possibly see price bounce off this area as there is the 61.8% fibo retracement and 78.6% fibo projection, showing fibo confluence. Our stop loss is at 0.6470, which is the previous swing low support level, and below the 78.6% fibo retracement, to give price space to breathe. Take profit is at 0.6539, which is the previous swing high resistance.
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CADCHF 28/08 MovePair : CADCHF ( Canadian Dollar / Swiss Franc )
Description :
Breakout the Upper Trendline of the FALLING WEDGE Pattern and Completed its Retracement. Rejecting from the Strong Support forming Double Bottom Pattern if it Breaks the Daily Descending Trendline and Retest then we can Look for Buy
CADCHF Buyers In Panic! SELL!
My dear subscribers,
This is my opinion on the CADCHF next move:
The instrument tests an important psychological level 0.6499.
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.6491
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
CAD-CHF Local Long! Buy!
Hello,Traders!
CAD-CHF was trading in a
Bullish wedge pattern
And then we saw a strong
Breakout so as the pair is
Making a bearish correction
We are looking to buy the
Pair with the hope of
Seeing a move up
Buy!
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Check out other forecasts below too!
CAD/CHF Trading Opportunity! BUY!
My dear friends ,
My technical analysis for CAD/CHF is below:
The market is trading on 1.65040 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Goal - 1.65203
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
💱CADCHF - Dynamic Seller VS Limit Buyer CADCHF is in a strong bearish trend, as the D1 chart tells us. Price is forming a retest of strong support, which prepares the market for further decline
TA on the high timeframe:
1) Support at 0.64863 plays an important role for us
2) The liquidity area is under intense attack from buyers. A break of 0.64888 - 0.6475 area will form a strong downside momentum
TA on the low timeframe:
1) A descending triangle is forming. This setup can be interpreted as pressure from dynamic sellers on the limit support level that buyers, mainly whales and managers, have built up
2) Another retest and breakout of 0.64888 will form a strong momentum as this area is already tight liquidity area
Key support📉: 0.64888 - 0.64750
Key resistance📈: triangle boundary, 0.65150
CADCHF traders look for Buy Opportunities {21/08/2023}Educational Analysis says CADCHF may go long according to my technical.
This is not an entry signal. I have no concerns with your profit and loss from this analysis.
Why Short?
Because CADCHF price is at that place level where got demand thrice by traders.
Although this pair has proved that, It's Changing its character and Also traders now looking for an uptrend from this level, and eventually will prove that the Market structure shift and eventually led to a Break of Structure.
Analytical Trade would probably be
Buy order at 0.65011
Stop loss at 0.64854
Take profit at 0.67815
I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS.
CADCHF Long setup with liquidity zone!On CAD/CHF, we have a short setup with a dominant trendline on the H4 timeframe. However, I've noticed that the price has ventured to gather liquidity beneath the 0.64800 level, suggesting a potential reversal soon. If the price were to turn before entry, I'll await a breakout of the swing high at the 0.6507 level. Subsequently, I'll watch for a retracement in the range of 0.6480-0.65. In the presence of promising H1 candles or even better, a demand zone, I would enter the market with a stop below the swing low, precisely at the 0.6460 level. The target would then be the 0.66100 level, where a swing high is located. Wishing successful trading to all!