I believe that the expected increase in rates from the BoC tomorrow has already been priced into the pair, I opened a sell limit around the 0.618 fib retracement considering the volatility that might happen tomorrow. COT shows bearish strength increasing for CAD while CHF remains on the bullish side.
Hey traders, in today's trading session we are monitoring CADCHF for a buying opportunity around 0.75 zone, once we will receive any bullish confirmation the trade will be executed. Trade safe, Joe.
After two strong attempts to push the price higher, CADCHF dropped back into the rectangle pattern. Note that the pair also formed a small double top. It gives us a reason more for being bearish here. Now when the price is back in the rectangle and CHF is showing strength against other currencies, we can expect CADCHF to continue toward the lower boundary of the...
Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (0.7795). 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 a downtrend is expected. . The price is above the 21-Day WEMA, which acts...
Trading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (0.7795). 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 a downtrend is expected. . The price is above the 21-Day WEMA, which acts as a...
We can see a massive tweezer bottom, this shows buyers' strength which might push price upward. There is also a formation of a Double Bottom
FX:CADCHF Dont forget Money Managment ! Dont Forget Risk Free ! this position is a little High Risk !
Strong double top, breakout of key level and canada fundamentals showing signals of losing steam
The trade is trending towards the upside on higher time frames, with a push > exhaustion scenario on the 4-hourly time frame and a bullish engulfing candlestick developing with a nice bounce of MA 20, suggesting bullish power in the market. Hedge funds are indicating buying power for CAD while CHF is being sold off. There is not much news today that might have a...
-INTRODUCTION- Two weeks ago, CADCHF has reached a new higher high at 0.7800 level. As we forecasted in our previous CADCHF analysis, we expected the price to retrace and retest the support level of 0.7500, which is also the previous resistance level that was tested multiple times. The price nicely retraced and formed an ascending triangle pattern at the 0.7500...
Looking to add on break on red zone. This will compliment the recent ideas on mean reversion.
-INTRODUCTION- Last week, CADCHF has reached a new higher high at 0.7800 level. As we forecasted in our previous CADCHF analysis, we expected the price to retrace and retest the support level of 0.7500, which is also the previous resistance level that was tested multiple times. The price nicely retraced and now we will look for a consolidation pattern and a...
-INTRODUCTION- This week, CADCHF has reached a new high at 0.7800 level. Currently, the price is retracing, which could give us a great pullback buying opportunity. -TRADING PLAN- Our area of interest is at the previous resistance level of 0.7500, which is two support levels down from the previous high. From that area, we will watch for a consolidation/reversal...
- CAD/CHF is trending towards the upside on multiple time frames following moving averages. - We are seeing a bullish engulfing candlestick closure on the 4-hour chart, and an inverted hammer pattern on the 1-hour time frame, indicating buying pressure. - The overall trade setup, has the potential to reach around 100 pips because of a potential monthly resistance re-test.
The CADCHF pair has been trading within a long-term Channel Up ever since the aftermath of the 2020 COVID market crash. It is currently approaching the Higher Highs (top) trend-line of this Channel and has started to turn into a sell opportunity long-term in our book. At the same time, the RSI on the 1D time-frame is forming the same peak pattern that led to the...
Hey traders, in today's trading session we are monitoring CADCHF for a buying opportunity around 0.756 zone, once we will receive any bullish confirmation the trade will be executed. Trade safe, Joe.
Hey traders, in today's trading session we are monitoring CADCHF for a buying opportunity around 0.756 zone, once we will receive any bullish confirmation the trade will be executed. Trade safe, Joe.
CADCHF Long with a Buy Limit Order. Lets see how this one gonna play out.