CADCHF 240 - Resistance Breakout : 2 days agoBroke through Resistance level of 0.6524 at 6/22 03:00.
Possible bullish price movement forecast for the next
2 days towards 0.6556.
Expiry Date/Time: 6/25 14:22
CAD (Canadian Dollar)
CAD/CHF BULLS ARE STRONG HERE|LONG
Hello,Friends!
We are now examining the CAD/CHF pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 0.647 level.
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Possible nice upcoming shortterm rallye to the upside in CADCHFWatch out for a shortterm long entry after a sweep of this daily low.
CADCHF Trading Plan - 18/Jun/2024Hello Traders,
Hope you all are doing good!!
I expect CADCHF to react from the highlighted zone.
Currently CADCHF is in bigger correction & I am still seeing the potential bigger move towards upside.
Plan to Trade:
If market starts to correct from current levels upside, then short term sells are possible.
Look for your BUY entry setups as per the above expectations.
Your follow and like will be a token of appreciation.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
CAD_CHF WILL KEEP FALLING|SHORT|
✅CAD_CHF is trading
In a downtrend and the pair
Broke out of the horizontal
Range pattern so we are
Bearish biased and we will
Be expecting a bearish continuation
SHORT🔥
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Audchf and chf crosses looks bearish as mentionedHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
If you have followed my video, i mentioned about shorting on chf crosses . It has came down quite a bit and i think it will still continue on...let's see how it play out this week. :)
can look at cadchf etc..
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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CAD-CHF Local Long! Buy!
Hello,Tradera!
CAD-CHF fell down sharply
And retested the horizontal
Support level of 0.6463
So as we are already seeing
A local bullish reaction a
Further move up is
To be expected
Buy!
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Check out other forecasts below too!
CADCHF: 500+ Pips Buying Opportunity, Do not miss out! Dear Friends,
Cadchf is in swing bearish move, we are expecting price to continue dropping 0.62 or 0.63 area where we can expect price reverse strongly. Expecting target of 500+ pips, please use accurate risk management while taking the buy entry.
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Team SetupsFX_
CADCHF Bullish (4H Div, Triple Bottom Reversal)CADCHF is showing signs of bullish reversal with 4H Div and triple bottom reversal pattern. Trade will include buy stop slightly above previous HH and SL below previous LL. What do you think, will it work?
CADCHF - Strong Support!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 As per our last analysis, attached on the chart, CADCHF has rejected the red circle resistance and traded lower.
What's next?
Currently, CADCHF is hovering around a strong support zone marked in green.
🏹 As long as the support holds, we will be looking for buy setups on lower timeframes.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
CADCHF, expect multi-weekly gains. HUGE price shift coming!I'll keep it simple.
When monthly data tells you something, don't doubt anymore.
SEED on this pair then leave for a few months. Upside prospect pricewise + Positive long swap for interest rates. Double win. :)
KEY NOTES:
MONTHLY PRICE SHIFT, first one in ages.
HISTOGRAM SHIFT. Huge hint.
FIRST bubble up volume since June 2022, first one after a year!
No brainer. One of the pair to look out for the year.
Spotted at 0.6750
TAYOR
Safeguard capital always.
CADCHF My Opinion! BUY!
My dear subscribers,
CADCHF looks like it will make a good move, and here are the details:
The market is trading on 0.6511 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.6516
About Used Indicators:
The average true range ATR plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
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WISH YOU ALL LUCK
CAD/CHF: Bullish Reversal Expected at Key Support levelThe CAD/CHF currency pair is currently forming a Bullish Crab Harmonic Pattern (XABCD). Point D, identified as the Potential Reversal Zone (PRZ), aligns with multiple technical confluences, suggesting a high probability for a bullish trend reversal.
______________________Key Technical Confluences____________________
Potential Reversal Zone (PRZ):
Point D, our PRZ, is critical for anticipating a trend reversal. It coincides with:
Key Support Area: This area has historically acted as a strong support level, providing a firm foundation for a potential bullish reversal.
Daily Trend Line: The PRZ intersects with a long-term daily trend line, reinforcing the likelihood of a reversal.
61.8% Fibonacci Level: The PRZ also aligns with the 61.8% Fibonacci retracement level, a significant indicator of potential price reversal in harmonic patterns.
Entry Strategy:
To capitalize on the anticipated bullish trend reversal, we recommend taking a position at the breakout of the resistance level near 0.65370. This level is crucial as a successful breakout here confirms the reversal pattern.
Stop Loss:
Place the stop loss slightly above the support level at 0.65590 for risk management. This placement ensures protection against false breakouts and market volatility.
Take Profit Targets:
We have outlined three profit levels to maximize returns while managing risk effectively:
TP-1: 0.65150
TP-2: 0.64930
TP-3: 0.64710
Each take-profit level offers a strategic point to secure profits as the market progresses in our anticipated direction.
Conclusion:
The convergence of technical factors at Point D strongly indicates a potential bullish reversal for CAD/CHF. By aligning our entry, stop loss, and take profit levels with these confluences, we enhance our trading strategy's robustness and probability of success.
Trade with caution and ensure adherence to your risk management protocols.
CADCHF: Accumulation & Indecision 🇨🇦🇨🇭
CADCHF is stuck between 2 key horizontal structures.
The price formed a narrow range where trading volumes are currently accumulating.
Depending on the reaction of the price to the boundaries of the range,
I see 2 potential scenarios.
If the price breaks and closes above 0.6532 the resistance of the range,
it will be the important sign of strength of the buyers and with a high
probability growth will continue.
Next goal will be 0.657
If the price breaks and closes below 0.659 - the support of the range,
a further decline will be expected, at least to 0.647.
Wait for a breakout, it will give you an accurate and reliable confirmation.
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CADCHF: Forecast & Technical Analysis
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the CADCHF pair price action which suggests a high likelihood of a coming move up.
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CADCHF Is Going Up! Buy!
Take a look at our analysis for CADCHF.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 0.664.
Considering the today's price action, probabilities will be high to see a movement to 0.669.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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CADCHF - Ready For The Next Impulse 📉Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 CADCHF has been overall bearish, trading within the falling channel in red.
At present, CADCHF is hovering around the upper bound of the channel acting as a non-horizontal resistance.
Moreover, it is retesting the upper bound of the short-term symmetrical triangle marked in orange.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the upper orange and red trendlines.
📚 As per my trading style:
As #CADCHF is around the circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
CADCHF short idea CAD/CHF currency pair is exhibiting significant bearish potential, driven by anticipated actions from the Bank of Canada (BOC) and the overall bearish trend of the US dollar, which indirectly impacts the Canadian dollar.
Fundamental Analysis :
Bank of Canada's Monetary Policy: The BOC is widely expected to lower interest rates in the near future. A rate cut would weaken the Canadian dollar as investors seek higher yields in other currencies. The dovish stance of the BOC is a key bearish factor for the CAD/CHF pair.
US Dollar's Bearish Outlook: The overall bearish sentiment towards the US dollar also indirectly impacts the Canadian dollar due to the close economic ties between the US and Canada. As the US dollar weakens, it often leads to a spillover effect, dragging down the Canadian dollar further against other currencies, including the Swiss franc.
Technical Analysis :
Technically, the CAD/CHF pair has recently shown signs of downward pressure, breaking below key support levels. Momentum indicators like the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) suggest a continuation of the bearish trend, reinforcing the downside potential.
Conclusion :
Given the Bank of Canada's likely rate cuts and the overall bearish trend of the US dollar, the CAD/CHF pair is poised for further depreciation. Traders should consider this an opportune moment to explore short positions, anticipating continued weakness in the Canadian dollar against the Swiss franc.
CADCHF - In a range !!Hello traders!
‼️ This is my perspective on CADCHF.
Technical analysis: Here we are still in a range and price rejected one more time from resistance zone + institutional big figure 0.67000, so I expect bearish continuation to support zone.
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CAD-CHF Risky Long! Buy!
Hello,Traders!
CAD-CHF fell down
Sharply but now the pair
Has reached a horizontal
Support level of 0.6605
From where we will be
Expecting a local
Bullish rebound
Buy!
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Check out other forecasts below too!
CADCHF My Opinion! SELL!
My dear followers,
I analysed this chart on CADCHF and concluded the following:
The market is trading on 0.6700 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.6664
Safe Stop Loss - 0.6723
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
CADCHF Short Term Sell IdeaH1 - Bearish trend pattern
No opposite signs
Until the strong resistance zone holds I expect the price to move lower further after pullbacks
