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Cad-chf

CADCHF shortGuys CADCHF makes retest keep watch and take profit... Disclaimer: The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation. I am not responsible for any liabilities arising from the result of your market involvement or individual trade activities. Hope this idea will inspire some of you! Don't forget to hit the like/follow button if you feel like this post deserves it
Short
by sakthideva
CADCHF Approaching Support, Prepare For A Bounce!Buy above 0.7532. Stop loss at 0.7494. Take profit at 0.7639. Reason for the trading strategy (technically): CADCHF is approaching its support at 0.7532 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 0.7639 (76.4% Fibonacci retracement, horizontal overlap resistance). Stochastic (89, 5, 3) is approaching its support at 4% where a corresponding bounce could occur.
Long
by theforexarmy
Will CADCHF Resume It's Downtrend By Breaking The Wedge ? This is the forex quote for the Canadian Dollar against the Swiss Franc. In this quote, the value of one CAD (the 'base currency') is quoted in terms of CHF (the 'counter currency'). The Canadian Dollar is often considered to be a 'commodity currency' because Canada exports a large amount of natural resources, notably oil. In practical terms, this makes it sensitive to the ebb and flow of trends in investors' overall outlook on global economic growth. Meanwhile, Switzerland's has a long-standing history as a safe haven and harbor for foreigners looking to house their wealth in a private banking system. As a pairing embodying the relationship between a growth-linked, higher yielding currency and a safety-geared, low yielding one, CAD/CHF is a notable carry trade vehicle. SOURCE OF ABOVE: www.dailyfx.com The CADCHF is forming an ascending wedge on the daily TF as evident on the main chart. For this formation to be broken the daily candle must break and close below the wedge. To add to this the price must also break the EMA 50 in the process and close below it. Once this is completed the price will potentially look to target the ascending trend line below the wedge (see the main chart) Furthermore, looking at the weekly chart for this pair the price has been ranging for quite some time now and is potentially looking to test the lower part of the rectangle (range). As said before the CAD pair is highly affected by OIL prices since its a commodity currency and on the other the CHF is a safe haven pair. All in all its a high probability trade and i will wait for the criteria to be met before i decide to execute on this pair. I will keep you updated on any signals should the criteria meet. Keep in my there are other CAD PAIRS forming some possible trade scenarios and i would like to remind you traders i do not risk trading the same currency even if its different pair. i will see what currency pair would give me the best RISK TO REWARD and the least path of resistance or support before i execute. FOLLOW ME IF YOU LIKE THE ANALYSIS. stay tuned for any signals cheers
Short
by FX618Analysis
CADCHF Testing Resistance, Prepare For Reversal!Sell below 0.7656. Stop loss at 0.7689. Take profit at 0.7591. Reason for the trading strategy (technically): CADCHF is testing its resistance at 0.7656 (100% Fibonacci extension x2, 61.8% Fibonacci retracement, horizontal swing high resistance) where a reversal to its support at 0.7591 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) is expected. Stochastic (89, 5, 3) has reversed off its resistance at 95% where a corresponding drop is expected.
Short
by theforexarmy
CACHF Reversed Off Resistance, Prepare For Further Drop!Sell below 0.7651. Stop loss at 0.7689. Take profit at 0.7591. Reason for the trading strategy (technically): CADCHF reversed off its resistance at 0.7651 (100% Fibonacci extension x2, 61.8% Fibonacci retracement, horizontal swing high resistance, ascending channel resistance) where it is expected to drop further to its support at 0.7591 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support). Stochastic (55, 5, 3) reversed off its resistance at 95% where a corresponding drop is expected.
Short
by theforexarmy
CADCHF approaching resistance, potential drop! CADCHF is approaching our first resistance at 0.7620 (horizontal swing high resistance, 78.6% Fibonacci retracement, 61.8% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 0.7565 (horizontal swing low support, 76.4% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (34,5,3) is also approaching resistance and a reaction off this level might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by easyMarkets
CADCHF approaching resistance, potential drop! CADCHF is approaching our first resistance at 0.7632 (horizontal swing high resistance, 100% fibonacci extension, 50% fibonacci retracement) where a strong reaction might occur below this level, pushing price down to our major support at 0.7534 (horizontal swing low support, 50% fibonacci retracement, 100% fibonacci extension). A breakout below our intermediate support at 0.7588 (horizontal swing low support, 23.6% fibonacci retracement) might provide the bearish accleration to our major support target. Stochastic (89,5,3) is also approaching our resistance and a reation below this level might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill
CAD/CHF Trade IdeaTechnical indicators for the pair are turning bullish. Price action has edged above major EMAs after bullish divergence on Stochs. The pair is currently trading muted after previous session's spike with stiff resistance at 0.7615 (nearly converged 200-DMA and cloud). Breakout there could see further bullishness. Scope then for test of 61.8% Fib at 0.7686. Rejection at 200-DMA could see retrace till 21-EMA at 0.7565. Violation there could see further weakness. Good to go long on breakout at 200-DMA, SL: 0.7565, TP: 0.7630/ 0.7685
Long
by FxWirePro
CADCHF approaching resistance, potential drop! CADCHF is approaching our first resistance at 0.7627 (horizontal swing high resistance, 50%, 78.6% Fibonacci retracement, 100% Fibonacci extension) and a strong reaction might occur below this level, pushing price down to our major support at 0.7526 (horizontal swing low support, 50% Fibonacci retracement). Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in price should it react off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by easyMarkets
1
CADCHF approaching support, potential bounce!Price is approaching our first support at 0.7530 (horizontal swing low support, 50% Fibonacci retracement, 61.8% Fibonacci extension) and a strong bounce might occur below this level pushing price up to our major resistance at 0.7587 (horizontal swing high resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement). Stochastic (89,5,3) is also approaching our support and a bounce off this level might see a corresponding rise in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Tickmill
CADCHF Testing Support, Prepare For A Bounce!Buy above 0.7530. Stop loss at 0.7490. Take profit at 0.7588. Reason for the trading strategy (technically): CADCHF is testing its support at 0.7530 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal swing low support) where we expect price to rise to its resistance at 0.7588 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance). Stochastic (55, 5, 3) bounced off its intermediate support at 8.5% where a corresponding rise is expected.
Long
by theforexarmy