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Cad-chf

CADCHF Double Bottom to Follow Through?CADCHF on the 4 hour chart with a nice downtrend and we did break below a major support zone. The daily chart did show a rejection of support now turned resistance but not much more follow through. I like the 4 hour chart. We see a double bottom as well as a nice engulfing candle. We know where the buyers are at. I would await a break and close above this resistance/flip zone at 0.7390-0.7400. 0.7480 would be first target. Ideally would like to see a bit of a pullback here and then a push above this zone. This would also create a higher low giving us more confluence.
Long
by Uncharted-FX
Don't miss the great buy opportunity in CADCHFTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.7315). 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 below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 55. Take Profits: TP1= @ 0.7425 TP2= @ 0.7475 TP3= @ 0.7630 SL= Break below S2
Long
by ForecastCity
2
Don't miss the great buy opportunity in CADCHFTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.7315). 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 below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 55. Take Profits: TP1= @ 0.7425 TP2= @ 0.7475 TP3= @ 0.7630 SL= Break below S2
Long
by ForecastCity
4
CAD/CHF Bearish Movement Confirmed4H CHART EXPLANATION: As we can see on the higher timeframes, price was facing the Confluence Zone between the Resistance Zone and the Descending Trendline. It bounced there a few days ago, but the decisive support zone that confirmed the downside move was recently broke. At this moment price is about to face the middle support zone, and then, if this zone is broken, then the next target level is the Daily Support at 0.73500-0.73600. MULTI TIMEFRAME VISION: -Daily: -Weekly:
Short
by ThinkingAntsOk
Short View on CAD/CHF by ThinkingAntsOk4H CHART EXPLANATION: Price was moving sideways between the support and resistance zones, and after that broke up starting a strong bullish movement. We consider this movement is about to end, since price is near to face the Descending Trendline. MACD Bearish Divergence is also showing some weakness. If the rejection is confirmed it would be a nice place to take short positions towards the first support zone. If this zone is broken, then it has potential to reach the second support zone. MULTI TIMEFRAME VISION: - Daily: - Weekly:
Short
by ThinkingAntsOk
1
Don't miss the great buy opportunity in CADCHFTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.74917). 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 71. Take Profits: TP1= @ 0.76150 TP2= @ 0.77145 TP3= @ 0.78658 SL= @ 0.73500
Long
by ForecastCity
4
Don't miss the great buy opportunity in CADCHFTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.74917). 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 71. Take Profits: TP1= @ 0.76150 TP2= @ 0.77145 TP3= @ 0.78658 SL= @ 0.73500
Long
by ForecastCity
4
CADCHF - Selling Area, Wait For a Confirmation!Wait for a confirmation from 1H or 4H or even Daily. And the confirmation is a bearish candlestick pattern: Bearish Engulfing, Evening Star, Shooting Star, Bearish Railway Tracks, Spinning Top Some criteria matching each other in one area: - Trendline - Fibonacci levels - Previously worked resistance level - Different timeframe EMA's -* The gap: 80-90% of the time market fill those gaps. Currently, there is a gap after Monday's open which will be a slight indication that the market want's to go down. -* The trend is your friend: currently we have nice short-term lower highs and lower lows Feel free to support my effort by hitting the "LIKE", it is my only fee from You! Best regards, Vaido - Analysts for Swipex
Short
by VaidoVeek
3