CADCHF
CADCHF Is Very Bearish! Sell!
Please, check our technical outlook for CADCHF.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 0.654.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.640 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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CADCHF: Weak Market & Bearish Forecast
The strict beauty of the chart is a reflection of the fierce eternal battle between the bulls and bears and right now I can clearly see that the bears are taking over so we will bend to the will of the crowd and sell too.
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CADCHF: Important Breakout 🇨🇦🇨🇭
CADCHF is under a strong bearish pressure.
The market broke and closed below a solid, wide horizontal demand zone yesterday.
The broken structure turned in a strong resistance.
The pair will most likely keep falling lower.
Next goal - 0.65
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CADCHF - 4hrs ( Sell Trade Target Range 105 PIP ) Pair Name : CAD/CHF
🗨Time Frame : 4hrs Chart / Close
➕Scale Type : Large Scale
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🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
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✔️ Key Technical / Direction ( Short )
Type : Mid Term Swing
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Bearish Retest
0.66800 Area
Reasons
- Inner Turn level
- Visible Range Lvn
- Pattern Break
- Liquidity Zone
- Weak Low Break
Bullish Reversal
0.66000 Area
Reasons
- Major Turn level / D
- visible range hvn
- Pattern Full Target
- Fibo Golden
- Liquidity Zone
CADCHF - 4hrs ( Down + 35 PIP / Tp 1 > Full Tp 105 PIP ) Pair Name : CAD/CHF
Time Frame : 4hrs
Scale Type : Large Scale
Analysis Way : Volume + Classic + High & low + Market Map
Direction : Short
📋 Educational
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➡️ Update -
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VIP Opportunity
Take Profit 1
Account Growth = 5 %
Pip' Achieved = 35 PIP
CADCHF - 4hrs ( Target 3 Hit + 105 PIP ) Pair Name : CAD/CHF
Time Frame : 4hrs
Scale Type : Large Scale
Analysis Way : Volume + Classic + High & low + Market Map
Direction : Short
📋 Educational
—————**-
🗒 Just browsing through my analysis means a lot to me.
➡️ Update -
————
VIP Opportunity
Take Profit 1 + 2 + 3
Account Growth = 15 %
Pip' Achieved = 105 PIP
CADCHF - Are We Still In An Upwards Trend?Analysis:
Looking at the chart things may look bearish to the untrained eye as we've had a strong recent move to the downside, however price to us still looks bullish and this is the last line of defence so we expect that this is where most of the bulls will be wanting to push price higher from. We still think that price is in an upwards trend as we haven't broken the most recent higher low. Whilst some people may think we put in another higher low at the top of the move, we didn't as price didn't break higher so we never formed a higher low, just a higher high, meaning that our area we have marked out is where the most recent higher low is. This may be difficult to understand but this is how we see the market trend. At this area we have marked out, in the past we can see that this level has held as both support and resistance so we'd expect this to happen again, making it a great possible entry zone. To add to our idea we also have the 50% fib retracement level which has been tagged so we expect to see some sort of bullish pressure from this level as this is where some bulls will be sat at wanting to hold price and push it higher, which goes in favour of our idea. Fundamentally the CAD is the 4th strongest major currency compared to the CHF which is the 3rd weakest major currency, so this is already favouring our bullish idea. As of the most recent report for institutional positioning we did see a big decrease in long positions but we saw a 2 times bigger decrease in short positions so this is bullish for the CAD. For the CHF, in regards to institutional positioning we did see an increase in both long and short positions so this is slightly bullish for the CHF, but not as bullish as the CAD is. Tomorrow we have some big news coming out for the CAD so this could give us the catalyst that we need to see price head to the upside and for the CAD to make its bullish run. Fundamentals are what actually drive the markets, so whilst the technicals don't look that clear to the untrained eye, the fundamentals are clear. The CAD is stronger then the CHF. This is why overall we are bullish on CADCHF.
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We any comments at all so thank you!
Stay Safe - The JPI Team
Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
CADCHF - Bearish Triple Top📉Hi Traders👋🏻
On The Daily Time Frame The CADCHF Price Reached A Strong Resistance Level (0.67920-0.68109) !
Currently, The Price Formed a Triple Top Pattern📉
The Neckline is Broken🔥
So, I Expect a Bearish Move📉
i'm waiting for a retest...
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TARGET: 0.66430🎯
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CADCHF H4 | Bounce off support?Based on the H4 chart analysis, we can see that price is falling towards our buy entry at 0.6620 which is an overlap support. Our profit will be at 0.6685 which is a pullback resistance level.
Stop loss will be at 0.6592 which is a pullback support level
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⚠️CADCHF crash by Head and Shoulders Pattern⚠️CADCHF managed to form a Head and Shoulders pattern after breaking the uptrend line.
Also, CADCHF managed to break the neckline and 🟢 support zone(0.673CHF-0.672CHF) 🟢 in the past hours.
🔔I expect CADCHF to decline at least until the next 🟢 support zone(0.664CHF-0.661CHF) 🟢.
🔅Canadian Dollar/Swiss Franc Analyze ( CADCHF) 4-hour time frame ⏰.
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CAD/CHF Technical Analysis! SELL!
My dear followers,
My technical analysis for CAD/CHF is below:
The price is coiling around a solid key level - 0.6694
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.666
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
Cadchf should have more downside coming
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Getting ready to go long, can we hit 0.71?I'm getting ready to buy this pair, keeping an eye out for a potential dip down to around 0.666. This area is the newly created weekly demand/buy zone that caused the break and close above the weekly long term trend so is a good area to get back long
My game plan here is pretty simple: is too buy during the dip down to the breakout region. I've pegged the targets for this trade at 0.71, which stood as a solid weekly support in the past and is now expected to double up as a resistance level, pulling the price towards it.
Hope you enjoyed :)