Get started

Cad-chf

CADCHF is above ascending trendline support, potential bounce!Price is above ascending trendline support and above pivot at 0.72125 which in line with 127.2% Fibonacci extension . It could potentially bounce from support and rise further to take profit at 0.73345 in line with our 61.8% Fibonacci retracement and 61.8% Fibonacci extension . Otherwise price may continue to bearish to stop loss at 0.71735 in line with -27.2% Fibonacci retracement and 141.4% Fibonacci extension . 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 interests 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.
Long
by FXCM
CAD CHF BUY (CANADIAN DOLLAR - SWISS FRANC)CAD FUNDAMENTAL BIAS: BULLISH 1. The Monetary Policy outlook for the BoC At the July meeting the BoC confirmed market’s speculation that they will continue to scale back asset purchases by tapering QE with another C$1bln reduction per week. Even though the bank’s language and overall tone was in line with overall consensus, the reaction in the CAD suggests that some participants might have been expecting more from the bank in terms of a hawkish tilt. The bank also reiterated that there is particular uncertainty in their projections and stressed that the economic recovery requires extraordinary policy accommodation, which arguably is something the bulls wanted to see removed in the statement. 2. Commodity-linked currency with dependency on Oil exports Oil staged a massive recovery after hitting rock bottom in 2020. The move higher over the past few months has been driven by (1) supply & demand (OPEC’s production cuts); (2) improving global economic outlook and improving oil demand outlook (vaccines and monetary and fiscal stimulus induced recoveries); (3) rising inflation expectations (reflation). Even though further gains for Oil will arguably prove to be an uphill battle, the bias remains positive in the med-term as long as the current supportive factors and drivers remains intact. We will of course have short-term ebbs and flows as we’ve seen in recent weeks which could affect the CAD from an intermarket point of view, but as long as the med-term view for Oil remains higher that should be supportive for Petro-currencies like the CAD. 3. Developments surrounding the global risk outlook. As a high-beta currency, CAD has benefited from the market's improving risk outlook over recent months as participants moved out of safe- havens and into riskier, higher-yielding assets. As a pro-cyclical currency, the CAD enjoyed upside alongside other cyclical assets going into what majority of market participants think was an early post-recession recovery phase. As long as expectations for the global economy remains positive the overall positive outlook for risk sentiment should be supportive for the CAD in the med-term . It seems that a lot of the concerns about positioning in the CAD has abated after the currency’s push lower and have seen participants being willing to trade the CAD back in line with its fundamental bullish outlook. 4. CFTC Analysis The CAD only saw some marginal positioning changes (-995) with the latest CFTC data updated until Tuesday 10 August. The CAD’s positioning has seen a substantial unwind in the past few weeks after the CAD got a bit frothy after the April BoC policy meeting where the bank took a substantial hawkish tilt. However, in the past few weeks a lot of the froth has been washed out and with the bias for the CAD still bullish in the med-term , the current positioning means we could see med-term buyers stepping back in gradually. CHF FUNDAMENTAL BIAS: BEARISH 1. Developments surrounding the global risk outlook. As a safe-haven currency, the market's risk outlook is the primary driver for the CHF. Swiss economic data rarely proves market moving; and although SNB intervention can have a substantial impact on CHF, its impact tends to be relatively short-lived. Additionally, the SNB are unlikely to adjust policy anytime soon, given their overall bearish tone and a preference for being behind the ECB in terms of policy decisions. The market's overall risk tone is improving with coronavirus vaccines being rolled out as well as the unprecedented amount of monetary policy accommodation and fiscal support from governments. Of course, risks remain as many countries are now battling third waves of the virus. As such, there is still a degree of uncertainty and risks to the overall risk outlook which could prove supportive for the CHF should negative factors for the global economy develop; however, on balance the overall risk outlook is continuing to improve and barring any major meltdowns in risk assets the bias for the CHF remains bearish. Despite the negative drivers, the CHF has remained surprisingly strong over the past couple of weeks. This divergence from the fundamental outlook doesn’t make much sense, but the CHF often has a mind of its own and can often move in opposite directions from what short-term sentiment or its fundamental outlook suggests, thus be careful when trading the CHF and always keep the possibility of SNB intervention in mind. In a recent note ING investment provided their rationale for the recent strength in the CHF and explained that the lower inflation in Switzerland compared to the EU means the real trade-weighted CHF is actually trading too cheap. Furthermore, the ECB’s bond buying has meant that their balance sheet is expanding more rapidly compared to that of the SNB, and without any meaningful FX intervention the CHF runs the risk of slowly creeping higher, especially versus the EUR. 2. CFTC Analysis The CHF saw marginal positioning changes (+2135) with the latest CFTC data updated until Tuesday 10 August. The positioning for the CHF reveals the surprising strength of the currency over the past few weeks as it is now the third largest net-long positioning among the major currencies. At the current level of positioning, one has to argue that the CHF offers attractive levels to sell into, but as the above comments noted, there might have been idiosyncratic factors providing support for the CHF. However, if we see an escalation in risk off tones in the week ahead that could continue providing support for the safe-haven currency.
by thunderpips
5
CAD CHF BUY (CANADIAN DOLLAR - SWISS FRANC)CAD FUNDAMENTAL BIAS: BULLISH 1. The Monetary Policy outlook for the BoC At the July meeting the BoC confirmed market’s speculation that they will continue to scale back asset purchases by tapering QE with another C$1bln reduction per week. Even though the bank’s language and overall tone was in line with overall consensus, the reaction in the CAD suggests that some participants might have been expecting more from the bank in terms of a hawkish tilt. The bank also reiterated that there is particular uncertainty in their projections and stressed that the economic recovery requires extraordinary policy accommodation, which arguably is something the bulls wanted to see removed in the statement. 2. Commodity-linked currency with dependency on Oil exports Oil staged a massive recovery after hitting rock bottom in 2020. The move higher over the past few months has been driven by (1) supply & demand (OPEC’s production cuts); (2) improving global economic outlook and improving oil demand outlook (vaccines and monetary and fiscal stimulus induced recoveries); (3) rising inflation expectations (reflation). Even though further gains for Oil will arguably prove to be an uphill battle, the bias remains positive in the med-term as long as the current supportive factors and drivers remains intact. We will of course have short-term ebbs and flows as we’ve seen in recent weeks which could affect the CAD from an intermarket point of view, but as long as the med-term view for Oil remains higher that should be supportive for Petro-currencies like the CAD. 3. Developments surrounding the global risk outlook. As a high-beta currency, CAD has benefited from the market's improving risk outlook over recent months as participants moved out of safe- havens and into riskier, higher-yielding assets. As a pro-cyclical currency, the CAD enjoyed upside alongside other cyclical assets going into what majority of market participants think was an early post-recession recovery phase. As long as expectations for the global economy remains positive the overall positive outlook for risk sentiment should be supportive for the CAD in the med-term. It seems that a lot of the concerns about positioning in the CAD has abated after the currency’s push lower and have seen participants being willing to trade the CAD back in line with its fundamental bullish outlook. 4. CFTC Analysis The CAD only saw some marginal positioning changes (+2086) with the latest CFTC data updated until Tuesday 3 August. The CAD’s positioning has seen a substantial unwind in the past few weeks after the CAD got a bit frothy after the April BoC policy meeting where the bank took a substantial hawkish tilt. However, in the past few weeks a lot of the froth has been washed out and with the bias for the CAD still bullish in the med-term, the current positioning means we could see med-term buyers stepping back in gradually. CHF FUNDAMENTAL BIAS: BEARISH 1. Developments surrounding the global risk outlook. As a safe-haven currency, the market's risk outlook is the primary driver for the CHF. Swiss economic data rarely proves market moving; and although SNB intervention can have a substantial impact on CHF, its impact tends to be relatively short-lived. Additionally, the SNB are unlikely to adjust policy anytime soon, given their overall bearish tone and a preference for being behind the ECB in terms of policy decisions. The market's overall risk tone is improving with coronavirus vaccines being rolled out as well as the unprecedented amount of monetary policy accommodation and fiscal support from governments. Of course, risks remain as many countries are now battling third waves of the virus. As such, there is still a degree of uncertainty and risks to the overall risk outlook which could prove supportive for the CHF should negative factors for the global economy develop; however, on balance the overall risk outlook is continuing to improve and barring any major meltdowns in risk assets the bias for the CHF remains bearish. 2. CFTC Analysis Despite the negative drivers, the CHF has remained surprisingly strong over the past couple of weeks. This divergence from the fundamental outlook doesn’t make much sense, but the CHF often has a mind of its own and can often move in opposite directions from what short-term sentiment or its fundamental outlook suggests, thus be careful when trading the CHF and always keep the possibility of SNB intervention in mind. In a recent note ING investment provided their rationale for the recent strength in the CHF and explained that the lower inflation in Switzerland compared to the EU means the real trade-weighted CHF is actually trading too cheap. Furthermore, the ECB’s bond buying has meant that their balance sheet is expanding more rapidly compared to that of the SNB, and without any meaningful FX intervention the CHF runs the risk of slowly creeping higher, especially versus the EUR. The positioning for the CHF reveals the surprising strength of the currency over the past few weeks as it is now the third largest net-long positioning among the major currencies. At the current level of positioning, one has to argue that the CHF offers attractive levels to sell into, but as the above comments noted, there might have been idiosyncratic factors providing support for the CHF. However, if the recent Fed rhetoric and Friday’s US jobs report sparks some risk off flows in the week ahead that could provide further support for the CHF, which means keeping a close eye on risk sentiment will be important as always.
by thunderpips
CAD CHF BUY (CANADIAN DOLLAR - SWISS FRANC)CAD FUNDAMENTAL BIAS: BULLISH 1. The Monetary Policy outlook for the BoC At the July meeting the BoC confirmed market’s speculation that they will continue to scale back asset purchases by tapering QE with another C$1bln reduction per week. Even though the bank’s language and overall tone was in line with overall consensus, the reaction in the CAD suggests that some participants might have been expecting more from the bank in terms of a hawkish tilt. The bank also reiterated that there is particular uncertainty in their projections and stressed that the economic recovery requires extraordinary policy accommodation, which arguably is something the bulls wanted to see removed in the statement. It’s important though to keep in mind that positioning has seen a lot of the positives for the CAD already reflected in the price since the hawkish tilt in April, which means the downside we’re seeing could still be some unwind from the prior upside as the market will need more and more positives to keep the upside momentum going. 2. Commodity-linked currency with dependency on Oil exports Oil staged a massive recovery after hitting rock bottom in 2020. The move higher has been driven by (1) supply & demand (OPEC’s production cuts); (2) improving global economic outlook and improving oil demand outlook (vaccines and monetary and fiscal stimulus induced recoveries); (3) rising inflation expectations (reflation). Even though further gains for Oil will arguably prove to be an uphill battle, the bias remains positive in the med-term as long as the current supportive factors and drivers remains intact, and as long as oil remains supported that should be supportive for the Petro-currencies like the CAD as well. 3. Developments surrounding the global risk outlook. As a high-beta currency, CAD has benefited from the market's improving risk outlook over recent months as participants moved out of safe-havens and into riskier, higher-yielding assets. As a pro-cyclical currency, the CAD enjoyed upside alongside other cyclical assets going into what majority of market participants think was an early post-recession recovery phase. As long as expectations for the global economy remains positive the overall positive outlook for risk sentiment should be supportive for the CAD in the med-term . It seems that a lot of the concerns about positioning in the CAD has abated after the currency’s push lower and have seen participants being willing to trade the CAD back in line with it’s fundamental bullish outlook. CHF FUNDAMENTAL BIAS: BEARISH 1. Developments surrounding the global risk outlook. As a safe-haven currency, the market's risk outlook is the primary driver for the CHF. Swiss economic data rarely proves market moving; and although SNB intervention can have a substantial impact on CHF, its impact tends to be relatively short-lived. Additionally, the SNB are unlikely to adjust policy anytime soon, given their overall bearish tone and a preference for being behind the ECB in terms of policy decisions. The market's overall risk tone is improving with coronavirus vaccines being rolled out as well as the unprecedented amount of monetary policy accommodation and fiscal support from governments. Of course, risks remain as many countries are now battling third waves of the virus. As such, there is still a degree of uncertainty and risks to the overall risk outlook which could prove supportive for the CHF should negative factors for the global economy develop; however, on balance the overall risk outlook is continuing to improve and barring any major meltdowns in risk assets the bias for the CHF remains bearish. Despite the negative drivers, the CHF has remained surprisingly strong over the past couple of weeks. This divergence from the fundamental outlook doesn’t make much sense, but the CHF often has a mind of its own and can often move in opposite directions from what short-term sentiment or its fundamental outlook suggests, thus be careful when trading the CHF and always keep the possibility of SNB intervention in mind.
by thunderpips
1
CADCHF looking for shorts 🦐CADCHF after the last bearish impulse is testing the resistance area at the 0.5 Fibonacci level. According to Plancton's strategy if the conditions will be satisfied we can set a nice short order. –––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
26
CADCHF bullish breakout | 1st July 2021CADCHF has seen a bullish breakout from the descending trendline resistance-turned-support, and RSI is holding above the ascending trendline support as well. We could see a bounce at Buy Entry, in line with 38.2% Fibonacci retracement, 61.8% Fibonacci extension and horizontal overlap support, and rise towards 1st Resistance, in line with horizontal swing high resistance. 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.
Long
by FXCM
CADCHF bearish breakout | 30th June 2021CADCHF has seen a bearish breakout from the ascending trendline support-turned-resistance, and is now holding below the descending trendline and Ichimoku cloud resistances. We could see a potential reversal at Sell Entry, in line with 50% Fibonacci retracement, 78.6% Fibonacci extension and horizontal pullback resistance, and further drop towards Take Profit level, in line with 100% Fibonacci extension and horizontal swing low support. RSI is also holding below the descending trendline resistance. 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.
Short
by FXCM
1
CADCHF facing bullish pressure | 29th June 2021CADCHF is facing bullish pressure as it continues to hold above ascending trendline support and Stochastics has bounced from support where price has reacted in the past, showing signs of bullish pressure. We could see further upside above Buy Entry, in line with 38.2% Fibonacci retracement, 78.6% Fibonacci extension, and horizontal swing low support, towards Take Profit, in line with 127.2% Fibonacci extension and horizontal swing high resistance. 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.
Long
by FXCM
💡Don't miss the great sell opportunity in CADCHFTrading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (0.7466). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . CADCHF is in a range bound, and the beginning of a downtrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 43. Take Profits: TP1= @ 0.7431 TP2= @ 0.7416 TP3= @ 0.7397 TP4= @ 0.7377 TP5= @ 0.7362 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity_World
4
💡Don't miss the great sell opportunity in CADCHFTrading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (0.7466). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . CADCHF is in a range bound, and the beginning of a downtrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 43. Take Profits: TP1= @ 0.7431 TP2= @ 0.7416 TP3= @ 0.7397 TP4= @ 0.7377 TP5= @ 0.7362 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity
4
CADCHF bouncing from Buy Entry | 25th June 2021CADCHF is holding above the ascending trendline support, and RSI has bounced from the support level where we have seen price bounce from in the past. We could see a further rise above Buy Entry level, in line with 50% Fibonacci retracement, 78.6% Fibonacci extension, and horizontal pullback support, towards Take Profit level, in line with 50%, 161.8% Fibonacci extension, and horizontal swing high resistance. 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.
Long
by FXCM
CADCHF testing 1st support, potential for bounce!Price is testing 1st support, in line with 38.2% Fibonacci retracement, 61.8% Fibonacci extension and horizontal pullback support. We could see a bounce and further upside towards 1st resistance, in line with 127.2% Fibonacci extension and horizontal swing high resistance. RSI is also testing the lower support where price has bounced before in the past, showing potential for further bullish pressure. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by TradeGATEHub
CADCHF turned at the 0.618 🦐CADCHF on the 4h chart bounced over the weekly support at the 0.618 Fibonacci level. The price is testing the descent trendline over a minor support near to the 0.382. According to Plancton's strategy if the price will satisfy the conditions we will set a nice long order. –––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
2
CADCHF facing bullish pressure|18th June 2021CADCHF facing bullish pressure from ascending trendline support, horizontal swing low support in line with 100% Fibonacci extension, and 61.8% Fibonacci retracement. Prices might push up towards horizontal swing high resistance in line with 100% Fibonacci extension. If prices push down further, prices might take support on horizontal swing low support in line with 161.8% Fibonacci retracement and 161.8% Fibonacci extension. Ichimoku cloud is also below prices, showing bullish pressure for prices. 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.
Long
by FXCM
CADCHF testing the support 🦐After the break of the descending trendline, CADCHF tried to break above the daily resistance. The market never succeeds and lost strength moving lower over the support. According to Plancton's strategy if the price will break below we will set a nice short order. –––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip