Price is testing major resistance at 0.6806 which is an overlap resistance that stretches way back. It also coincides with the 23.6% Fibonacci retracement and a descending channel resistance. If price were to reverse from here, we could see it drop all the way to support at 0.6626 which is an overlap support and 61.8% Fibonacci retracement. Please be advised...
price has been consolidatiing between 0.67288 which is my support zone and 0.68155 which is my resistance zone. a break and close above resistance should see price continue its tragectory upward
CADCHF is approaching the top of the Channel Down pattern since May 2022, which is a little lower than the 1D MA200. The 1D technicals have turned green (RSI = 58.741, MACD = 0.003, ADX = 49.805), which indicates that we are entering the long term sell zone. The ideal sell confirmation will be after the 1D MACD makes a Bearish Cross. We will after the Cross is...
Hey Traders, In today's trading session, our focus is on the CADCHF currency pair, specifically looking for a potential selling opportunity around the 0.68400 level. CADCHF is currently experiencing a downtrend and is presently in a correction phase. During this correction, the pair is approaching a significant support and resistance zone at the 0.68400 level,...
Hey Traders, In the upcoming week, our focus will be on monitoring CADCHF for a potential buying opportunity within the 0.66950 zone. CADCHF has been experiencing a downtrend, but it has recently broken out from this trend successfully. Presently, CADCHF is undergoing a correction phase and is approaching the retrace area near the support zone of 0.66950. Trade safe, Joe.
Hey Traders, In today's trading session, our attention is directed towards CADJPY, as we closely monitor a potential buying opportunity around the 103.900 zone. CADJPY is currently displaying an upward trend and is approaching a critical support level at 103.900, which holds significant importance. Furthermore, we are factoring in the latest development of an...
Inv Head and Shoulders seems to be forming on the CAD/CHF Minor Currency Pair. There is a fight between Canada and Swiss Franc and it looks like Canada is preparing the troops for upside in the chart. We need to wait for the higher low to form (right shoulder). Then for the price to break above the neckline and it will be breaking above the medium term...
See Chart For Currency Performance YTD Gold biggest performer while JPY the weakest.
Hey Traders, in the coming week we are monitoring CADCHF for a selling opportunity around 0.66700 zone, CADCHF was trading in an uptrend and successfully managed to break it out. currently CADCHF is in a correction phase in which it is approaching the retrace area at 0.66700 support and resistance zone. Trade safe, Joe.
Hey Traders, in this week we are monitoring CADCHF for a selling opportunity around 0.677 zone, CADCHF is trading in a downtrend and currently in a correction phase in which it is approaching the major trend at 0.677 support and resistance zone. Trade safe, Joe.
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Hey Traders, Check this trade on CADCHF out. The pair consolidated for the best part of Friday then broke out after US data was released. Wait for the break of the previous low (breakout low) before entering a short opportunity. Trade Safe.
Cadchf short idea! 200ma is capping the price,there is a huge imbalance created friday that needs to be filled. Use a proper money management. Drago Analysis
CADCHF / 4H Hello Traders, welcome back to anothe rmarket breakdown. CADCHF has been trading in a down trend. However, The price is deviating from a Major Macro level. I expect the Low to printed soon if it's not already printed. Hence, I'm looking for longs on this pair from now on. Trade safely, Trader Leo.
**Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank...
Shout out to @Oktane for this pair 😂 SLO @ 0.7750 ⏳ TP1 @ 0.7415 (shaving 25%) TP2 @ 0.7100 (shaving 25%) TP3 @ 0.6850 (shaving 25%) TP4 @ 0.6633 (closing ALL Sell Orders) ADDITIONAL INFO: 00:00 The Easiest Trend Ever 00:32 Curve Analysis 00:55 Only Short Opportunities 04:47 Extreme SLO 05:27 Shaving 25%, then closing @ TP3 06:00 A Possible Buy...
Hey Traders, in today's trading session we are monitoring CADCHF for a selling opportunity around 0.66100 zone, CADCHF is trading in a downtrend and now seems to be in a correction phase in which it is approaching the major trend at 0.66100 support and resistance zone. We would also consider some potential CHF strength as it's considered a classic safe...
Hi welcome to Team Decrypters There is a Decent SWING LONG opportunity for CADCHF