CADCHF bullish continuation | 14th Jan 2022We can expect price to bounce from the pivot level in line with 38.2% Fibonacci retracement and graphical overlap support towards the potential take profit level in line with 127.2% Fibonacci projection and previous swing high. Our bullish bias is further supported by the stochastic indicator where the %K line is at the support level and price is holding above the Ichimoku cloud.
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Cad-chf
CAD/CHF Update!As you can see, Wyckoff played out perfectly and moved up 270 pips from the test of the schematic which was shown in the post on December 15th! There was loads of opportunities for trades during this move up, because once you know the direction price wants to go, it is easier to find trades following the trend. I am now looking for a bigger correction for price to then move up even more.
Feel free to leave a like and a comment about the idea!
CADCHF bullish breakout | 7th Jan 2022Price broke out of the descending trendline resistance, signifying an overall bullish momentum. We can expect price to bounce from the pivot level in line with 23.6% Fibonacci retracement towards the take profit level in line with 127.2% Fibonacci projection. Our bullish bias is further supported by the price holding above the Ichimoku cloud indicator.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
CADCHF is on bearish momentum!Prices are on bearish momentum and abiding to our bearish trendline . We see the potential for a dip from our sell entry at 0.72188 in line with 50% Fibonacci extension towards our Take Profit at 0.710881 in line with 100% Fibonacci extension . RSI is at a level where dips previously occurred.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
CADCHF is on bearish momentum!Prices are on bearish momentum and abiding to our bearish trendline. We see the potential for a dip from our sell entry at 0.72188 in line with 50% Fibonacci extension towards our Take Profit at 0.710881 in line with 100% Fibonacci extension. RSI is at a level where dips previously occurred.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
CADCHF bearish dip! | 6th Jan 2022Prices have recently broken out of our descending trendline. We see the potential for a restest from our sell entry at 0.71905 in line with 23.6% Fibonacci retracement towards our Take Profit at 0.71280 in line with 61.8% Fibonacci extension and 78.6% Fibonacci retracement. Divergence is spotted in RSI, further supporting our bearish bias.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
CADCHF bearish momentum! | 31st Dec 2021Prices are on bearish momentum. We see the potential for dip from our sell entry at 0.72185 which is an area of Fibonacci confluences towards our Take Profit at 0.71449 in line with 100% Fibonacci extension. Stochastics are at a level where dips previously occurred and prices are trading below MA 100 further supporting our bearish bias.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
CADCHF is on bearish momentum! | 29 Dec 2021Prices is on bearish momentum and abiding to our daily descending trendline. Our sell entry is placed at 0.71668 in line with 50% Fibonacci retracement and 61.8% Fibonacci extension towards our Take Profit at 0.71360 in line with 61.8% Fibonacci retracement . Technical indicators are showing bearish momentum.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
CADCHF is on bearish momentum! | 29 Dec 2021Prices is on bearish momentum and abiding to our daily descending trendline. Our sell entry is placed at 0.71668 in line with 50% Fibonacci retracement and 61.8% Fibonacci extension towards our Take Profit at 0.71360 in line with 61.8% Fibonacci retracement. Technical indicators are showing bearish momentum.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
CADCHF is on bearish momentum! | 28 Dec 2021Prices are on bearish momentum. We see potential for a dip from our sell entry at 0.71884 which is an area of Fibonacci confluences to our Take Profit at 0.70983 in line with 100% Fibonacci extension. EMA 60, Ichimoku and RSI is at a level where dips occurred previously.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
CADCHF is on bearish momentum! | 27th Dec 2021Prices are on strong bearish momentum. We see the potential for a dip from our sell entry at 0.72226 in line with 61.8% Fibonacci extension and 127.2% Fibonacci extension towards our Take Profit at 0.70970 in line with 100% and 127.2% Fibonacci extension. Prices are trading below our MA 100 and also MA cross 50 & 200 showing strong bearish continuation. Ichimoku is also supporting our bias with strong bearish momentum forecasts with red clouds.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
CADCHF bearish continuation | 21st Dec 2021Price is reacting in between the descending channel , signifying an overall bearish momentum. We can expect price to drop from the pivot level in line with 23.6% Fibonacci retracement towards 1st Support in line with 100% Fibonacci projection . Our bearish bias is further supported by the Ichimoku cloud where the price is holding below it.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
CADCHF bearish continuation | 21st Dec 2021Price is reacting in between the descending channel, signifying an overall bearish momentum. We can expect price to drop from the pivot level in line with 23.6% Fibonacci retracement towards 1st Support in line with 100% Fibonacci projection. Our bearish bias is further supported by the Ichimoku cloud where the price is holding below it.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
CAD/CHF Update!CAD/CHF doing well! After breaking structure on the retest of a huge Wyckoff Accumulation schematic we were planning for price to come down and spike out the liquidity which was resting below the equal lows which has played out perfectly! We have now seen a nice bullish reaction and are looking for more bullishness to continue! I managed to get an entry on a lower time frame break of structure and retest from which the trade is current 6% up with another 14% as a minimum still to go! I will be looking for a correction on the lower time frames for another entry.
CADCHF potential for dip | 9th DecPrice is abiding by the descending trendline and near the sell entry price of 0.72736 which is also 38.2% Fibonacci retracement. Price can potentially dip to the take profit level of 0.71336 which is the daily graphical overlap and 78.6% Fibonacci projection. Our bearish bias is supported by technical indicators.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
CADCHF short-term bullish bounce | 30th NovPrice is abiding to the ascending trendline on the daily, signifying overall bullish momentum. We can expect price to bounce from the pivot level in line with horizontal graphical support and ascending trendline support towards the take profit level in line with 100% Fibonacci projection and 38.2% Fibonacci retracement. Our bullish bias is further supported by the stochastic indicator where the %K line is at the support level.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.