CAD/CHF continue with the Uptrend ☝️On CAD/CHF is nice to see strong buying reaction from the price 0.72590 and 0.72400 , there is nice to see strong volume area....
Where is lot of contract accumulated...
I thing that buyers from this area will be defend this long position...
and when the price come back to this area, strong buyers will be push up the market again...
Volume cluster + Uptrend + Strong volume area is my mainly reason for this long trade....
Happy trading
Dale
CADCHF
cadchf buy long positionThe Canadian Dollar vs. Swiss Franc pair is often recognized as a carry trade vehicle because of the relationship between a low yielding, safety geared currency (CHF) and a higher yielding, growth related one (CAD). The CHF is considered to be safety geared and low yielding because of its reputation as a safe harbor and haven for foreigners depositing their wealth in a foreign private banking system. The CAD is considered to be a commodity currency because of its exporting of natural resources which makes it sensitive to investors' outlooks on global economic growth.
CADCHF - Breaks out the range or reject ⁉️Hello traders!
‼️ This is my analysis on CADCHF .
Here we are in a range for couple of weeks, so I expect price to reject from resistance + institutional big figure 0.73000 or if breaks out the range, I will look a re-test of resistance and the will open a long.
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CADCHF: Bearish Setup Explained 🇨🇦🇨🇭
CADCHF reached a falling trend line on a daily last week.
Approaching that, the price formed a head and shoulders pattern on 1H time frame.
Its neckline was broken on Friday.
I believe that the pair will keep falling.
Goal for sellers - intraday rising trend line.
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