CADCHF - INTRADAY - 12. NOVEMBER 2018WELCOME TO DACAPITAL TRADING!!
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1 HOUR
Bearish 61.8% Retrace from previous X-A Wave and pullback
4 HOUR
4 Bearish H4 Candles in a row taking out buyers before heading back up
DAILY
Daily bearish reaction after a strong move and Key level retest at 0.76000!
LEVELS
BUY CADCHF @ 0.76250
SL @ 0.76120 (12 Pips)
TP @ 0.76450 (20 Pips)
RR: 1.62, INTRADAY Setup!
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Cad-chf
ASX Testing Resistance, Potential ReversalASX approaching resistance at 5951 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap resistance) where it could potentially fall to its support at 5773 (50% Fibonacci retracement, horizontal overlap support).
Stochastic (89, 5, 3) is approaching its resistance at 94% where a corresponding reversal could occur.
CADCHF Approaching Support, Potential BounceCADCHF is approaching its support at 0.7588 (100% & 61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 0.7636 (50% Fibonacci retracement, horizontal pullback resistance). Stochastic (55, 5, 3) is approaching its support at 2.5% where a corresponding bounce could occur.
CADCHF approaching support, potential bounce! CADCHF is approaching our first support at 0.75901 (Horizontal swing low support, 61.8%, 100% fibonacci extension, 76.4% fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 0.76495 (Horizontal swing high resistance, 100% fibonacci extension, 76.4% fibonacci retracement).
Stochastic (55,5,3) is also approaching support and we might see a corresponding bounce in price should it bounce off this level.
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CAD CHF SELL (CANADIAN DOLLAR – SWISS FRANC)Hi there. Price is still on the continuation pattern. Wait for the price to hit the top of the pattern and watch strong price action for sell. CHF will gonna get strength this week or next week, so when CHF starts to move impulsively we may see a drop on this pair.
CADCHF is in Consolidation Period Since the last 4.5 Years.This pair has been Consolidating in this Zone from the last 45 months or you could say 4.5 Years. This pair has been ranging in between approximately 600 Pips. The Price Broke the monthly Trendline in the mids of May-2017, but we didn't get enough bulls to push the price higher. At the Moment a clear break on the either side would decide the trend for this pair.
CAD/CHF 1H Chart: Two scenarios likelyDownside risks has been dominated the CAD/CHF currency pair since the rate reversed from the upper boundary of a long-term descending channel at 0.7710.
The pair managed to reverse to the upside from the Fibonacci 50.00% at 0.7565. Currently, the exchange rate is trying to surpass the resistance cluster formed by a combination of the 55-, 100-, 200-hour SMAs, as well the weekly PP and the Fibonacci 61.80% in the 0.7601/0.7640 range. If given resistance holds, the pair go downside to the support cluster formed by the weekly S2, the monthly PP and the Fibonacci 38.20% in the 0.7487/0.7506 range.
Otherwise, the pair could re-test the upper channel line located near 0.7690.
AUDJPY Approaching Resistance, Potential ReversalAUDJPY is approaching its resistance at 82.31 (100% Fibonacci extension , 38.2% & 61.8% Fibonacci retracement , horizontal swing high resistance) where it could potentially reverse down to its support at 81.36 (23.6% Fibonacci retracement , horizontal swing low support). Stochastic (55, 5, 3) is approaching its resistance at 98% where a corresponding reversal could occur.
CADCHF - SWING SETUP - 07. NOVEMBER 2018WELCOME TO DACAPITAL TRADING!!
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1 HOUR
Consideration above previous H1/H4 Lows and Support level!
4 HOUR
Expecting a strong bullish reaction to this level now.
DAILY
Daily pullback to previous lows and support level!
LEVELS
BUY CADCHF @ 0.76380
SL @ 0.76170 (20 Pips)
TP @ 0.76970 (60 Pips)
RR: 2.81
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CADCHF - SWING SETUP - 26. OCTOBER 2018WELCOME TO DACAPITAL TRADING!!
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4 HOUR
H4 Formed new Highs around 0.76900 and retested our Daily key level
DAILY
Consideration zone, expecting a push to the downside and a break of this zone towards daily key level
WEEKLY
Very sideways last 4 weeks, we need a breakout now!
LEVELS
SELL CADCHF @ 0.76280
SL @ 0.76700 (40 Pips)
TP @ 0.75400 (90 Pips)
RR: 2.12
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Dow Jones might have completed an impulse at 24533 !!To continue the story from yesterday, Dow Jones Industrial Average dropped lower as a probability discussed, towards 24530 levels. Looking into the wave structure now, a potential impulse wave labelled as waves i through v, seems to be complete. Please note that the underlying instrument has unfolded its last wave into an ending diagonal . A push above 25307 from here would confirm that a meaningful bottom is in place for now at 24530 levels. Please note that a probable 3 wave corrective rally could begin any moment towards 26000 levels any moment now.
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NZDJPY Approaching Support, Potential Bounce. NZDJPY is approaching its support at 72.40 (61.8% Fibonacci extension, 78.6% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 74.22 (61.8% Fibonacci retracement, horizontal swing high resistance). Stochastic (89, 5, 3) is approaching its support at 2.3% where a corresponding bounce could occur.
NZDUSD Testing Support, Potential Bounce.NZDUSD is testing its support at 0.6491 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 0.6541 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance). Stochastic (89, 5, 3) is approaching its support at 2.1% where a corresponding bounce could occur.
CADCHF Buy The Canadian Dollar is having its best day since September 28 (when it became clear Canada would join the United States and Mexico in the USMCA) after the Bank of Canada not only raised rates by 25-bps – a move that was widely expected, with overnight index swaps pricing in a 92% chance ahead of the meeting today – but offered its clearest signal yet that it was considering embarking on a more aggressive rate hike cycle as the calendar flips to 2019.
CAD should run bullish for another 30-50 pips today but we just want to grab 15 pips. Trade with CAUTION
Entry: When price closes above 0.76651
TP: 0.76811
SL: 0.76394
XAUUSD Testing Resistance, Potential ReversalXAUUSD is testing its resistance at 1236.82 (61.80% & 100% Fibonacci extension , 38.2% Fibonacci retracement , horizontal overlap resistance) where it could potentially reverse down to its support at 1215.95 (61.80% Fibonacci extension , 38.2% Fibonacci retracement , horizontal overlap support). Stochastic (55, 5, 3) is approaching its resistance at 95% and there may be bearish divergence where a corresponding reversal could occur.
NZDJPY Bounced Off Support, Potential RiseNZDJPY bounced nicely off its support at 72.76 (100% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 73.35 (100% Fibonacci extension , 38.2% Fibonacci retracement, horizontal overlap resistance). Stochastic (89, 5, 3) is bounced off its support at 4.4% and there may be bullish divergence where a corresponding bounce could occur.
AUDNZD Testing Resistance, Potential ReversalAUDNZD is testing its resistance at 1.0823 (61.8% Fibonacci extension, 23.6% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse to its support at 1.0781 (100% Fibonacci extension, horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance at 95% where a corresponding reversal could occur.
GBPAUD Approaching Support, Potential BounceGBPAUD is approaching its support at 1.8259 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal pullback support) where it could potentially bounce to its resistance at 1.8405 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing high resistance). Stochastic (89, 5, 3) is approaching its support at 4% where a corresponding bounce could occur.
AUDJPY Testing Support, Potential Bounce AUDJPY is testing its support at 79.50 (61.8% Fibonacci extension , 76.4% Fibonacci retracement , horizontal swing low support) where it could potentially bounce to its resistance at 80.44 (38.2% Fibonacci retracement , horizontal swing high resistance). Stochastic (21, 5, 3) is approaching its support at 5.3% where a corresponding bounce could occur.
AUDUSD Approaching Support, Potential BounceAUDUSD is approaching its support at 0.7088 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 0.7144 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal overlap resistance) Stochastic (21, 5, 3) is approaching its support at 8.0% where a corresponding bounce could occur.