CADCHF: Sell opportunity (short/ medium/ long-term targets).The pair has been trading within a long term 1W Bearish Megaphone (RSI = 54.429, MACD = 0.000, ADX = 24.402, Highs/Lows = 0.0014) since February making Lower Highs but more importantly wider Lower Lows. We are currently on the Lower High zone and traders who want to sell on the medium and long term can aim at 0.73620 and 0.72700 respectively.
On the short term 1D has been a Rectangle (RSI = 57.232, MACD = 0.002, Highs/Lows = 0.0005) since early September trading within 0.75650 - 0.74350. Short term traders may sell with 0.74350 as their target.
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Cad-chf
CAD/CHF IS A PAIR TO WATCH TODAYThe CAD/CHF pair reached an important resistance level on the daily chart. A horizontal resistance zone aligns with the upper resistance of a falling channel. Also, notice the bearish RSI divergence, signaling a potential fake breakout and reversal.
- Horizontal resistance zone
- Falling channel resistance
- Bearish pinbar
- Bearish RSI divergence
- Fake breakouts
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CADCHF higher bearish market expectingAfter analysis we can possible expect higher bearish market. MACD in good position, CAD is lose some power from oil prices, and some bad results in USA economy are have negative impact on CAD.
ENTRY: 0.74700
TP1: 0.74400
TP2: 0.74000+
SL: 0.75500
Chart time frame - 1D
Time for reaching TP - 1-5 days
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Don't miss the great buy opportunity in CADCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.7460). 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 uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 52.
Take Profits:
TP1= @ 0.7515
TP2= @ 0.7560
TP3= @ 0.7610
SL= Break below S2
Don't miss the great buy opportunity in CADCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.7460). 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 uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 52.
Take Profits:
TP1= @ 0.7515
TP2= @ 0.7560
TP3= @ 0.7610
SL= Break below S2
Easy 300+ pips, dont miss! - CADCHF - SELLAfter analysis i can say we will see more bearish market. CAD is one of wekest currencys, CHF the strongest currency.
ENTRY: 0.74350+-
TP1: 0.74000
SL: 0.74800
Chart time frame - 1D
Time for reaching TP - 8 - 72 hours
More information soon!
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CAD/CHF Bearish Setup by ThinkingAntsOk4H CHART EXPLANATION:
On the 4H, price has bounced at the Confluence Zone with a strong reversal. We consider it has potential to reach the Bottom of the Ascending Channel. It may correct there, bust just to continue the downside movement. After that, the main short term target is the support zone. Longer term targets are explained on the Daily and Weekly Timeframes below.
MULTI TIMEFRAME ANALYSIS:
-Daily:
-Weekly:
Easy 300+ pips, dont miss! - CADCHF - BUYAfter analysis i can say we will haveve much more bigger UP trend. CAD is have positive results today Employment Change (Aug) A:81.1K F:18.9K P:-24.2K, and Unemployment Rate (Aug) A:5.7% F:5.7% P:5.7% is stay unchangeded. CHF is in down trend, today is one of the weakest curencys and i believe CHF will stay low in next day.
TP1: 0.75300
ENTRY: 0.75000+-
SL: 0.74700
Chart time frame - 1D
Time for reaching TP - 8 - 72 hours
More information soon!
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All best!