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CAD (Canadian Dollar)

CADCHF - Bearish Trend According to my analysis using the Relative Strength Index (RSI) indicator, there is a divergence present at the moment. A bearish trend would be confirmed once the first Higher Low (HL) is broken and the first Lower High (LH) and Lower Low (LL) are formed. As part of my personal trade plan, I intend to enter a short trade with a 1:1 risk/reward ratio. However, it is essential that you conduct your own thorough research and risk management strategies before making any trading decisions.
Short
by mansooryousafzai
CAD/CHF Massive Short! SELL! My dear subscribers , This is my opinion on the CAD/CHF next move: The instrument tests an important psychological level 0.65969 Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 0.66651 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
Short
by AnabelSignals
1
CADCHF Is Going Down! Sell! Here is our detailed technical review for CADCHF. Time Frame: 5h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 0.659. Considering the today's price action, probabilities will be high to see a movement to 0.655. P.S We determine oversold 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. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
4
CADCHF 27/APR/2023CADCHF has been trading within a bearish channel since early 2022, and the price is currently consolidating inside bearish channel pattern. The recent price action has approached the support level of the bearish channel, which suggests that there is a possibility of a rebound or a bounce upwards. The stochastic 5,3,3 indicator has crossed below the oversold value, which indicates that the momentum of the price is turning bullish. This is a positive signal for a potential rebound, as it suggests that the selling pressure may be weakening. However, a breakout could occur through the bearish channel support area, which could lead to a deeper decline in the price. This technical analysis is for educational purposes only and should not be considered as trading advice. Trading in the financial markets involves risks, and it is important to always manage your risk appropriately.
Long
by DNP-FX
3
TRADE UPDATE: CADCHF dropping to its target of 0.6472Box formation formed on Daily. We now have an M Formation (confirming further downside). Once the price broke below, we had our first target in mind. Which it's now heading to with grace. 200>21>7 - Bearish RSI<50 Target remains 0.64720 SMC Buy side liquidity (Above the M Formaiton). This is where Smart money comes and sweeps the buying (selling into it) which creates supply and downside for the market. All signals are down.
Short
by Timonrosso
CAD/CHF A Fall Expected! SELL! My dear friends , This is my opinion on the CAD/CHF next move: The market is trading on 0.65444 pivot level. Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 0.64828 My Stop Loss - 0.65821 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
CAD/CHF: Continuing Bearish Trend and Short Setup OpportunitiesThe CAD/CHF currency pair has been caught in a bearish trend since the 4th of April, and this downward trend has persisted, leading to the historical minimum for this pair. Currently, the price movement is not indicating any signs of a reversal or retracement, leaving traders uncertain about where the bearish rally will eventually come to a halt. Across all timeframes, the price continues to exhibit a bearish trend, presenting traders with limited opportunities. Consequently, the best approach for traders is to focus on short setups and continue following the prevailing trend. Given these circumstances, our suggested strategy would be to maintain a bearish outlook and seize any opportunities that arise for short positions. This would allow traders to capitalize on the current market dynamics and potentially earn some gains.
Short
by FOREXN1
8
CADCHF HigherTrying CADCHF higher here. some good hammers on the daily chart for the pair right at a support area. the CAD narrative is changing i believe and becoming better, the economy is doing well and now that other central banks are nearing peak rates the dovish BoC over the year so far is less of an issue for CAD. rate differentials and oil and pointing higher for the pair, both have been good correlations. sentiment and positioning is extremely low which should help the pair. Especially if the CAD narrative changes as a lot of people are still short CAD. The CAD seasonals are also good for april so this should help also. Not trading/investment advise, feedback welcome!
Long
by Spinning_