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Cadchfanalysis

CADCHF Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of CADCHF (Monthly, Weekly, Daily for direction and 4H for entry) for Week 43 - 19 Oct M > Market tested monthly support and started an upward move after rejection. W > Price went up and dropped from resistance to complete W formation. D > Price was moving in a rising channel , as projected price climbed high and after a Doji /dragonfly sharply dropped down breaking channel support. Price was in consolidation in range of about 70-80 pips. Price broke supply zone last week and continued its move up till -0.272 Fib level on last bearish impulse. Price dropped below same supply zone and is now at same level. We expect price to continue with its bullish move. As per COT CAD saw addition of major Long and closure of Short positions with Short positions further reducing to least for current year, improving net positions (still in -ve). CXY further gained strength during the said week but weakened a bit last week. CHF saw closure of few Long and addition of Short positions, reducing net positions whereas N-R saw addition of both Long and Short positions increasing cumulative net positions. SXY further improved its position during the said week. However SXY weakened last week. 4H> Price has surpassed daily supply zone and is now returning back to retest it as support. We expect it to continue with two targets. 1. Supply zone it created at -0.272 Fob level (0.6966) 2. Next -0.272 Fib level on bearish impulse, this level also coincides with last high of 08 Sept (0.6998) Pair Correlation > CADCHF has positive correlation with GBPCHF and negative correlation with EURCAD. This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section share your view or ask questions. Thank You AP17FX
Long
by AP17FX
CADCHF long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
CAD/CHF SELL 📉👋 Hello and welcome traders to another trade idea with Fobian ☝️ Firstly, if you like what you see, please support our work by writing a comment and SMASH that like button! 👍 Let's catch these moves together! ✅ 👉 WE have sell conformation: - Trend was broken. - EMA's give us SELL signal. - Candle close below ASIAN session. 💡 Why should you follow our profile on TradingView? Consistent chart updates Clean charts Short and long-term perspectives Visually teaches you valuable lessons High probability setups Analysis on a wide range of major markets SMASH that follow button! 👍 💡 Leave a comment and/or message us on how we can improve and provide better content, we are open to suggestions to create a better experience for you! Keep in mind that the analysis provided is not 100% accurate and that you can never be certain with the markets. This information given is not financial advice, always do your own research.
Short
by TBFinan
CADCHF Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of CADCHF (Monthly, Weekly, Daily for direction and 4H for entry) for Week 41 - 05 Oct M > Market tested monthly support and started an upward move after rejection. W > Price went up and dropped from resistance to complete W formation. D > Price was moving in a rising channel, as projected price climbed high and after a Doji/dragonfly sharply dropped down breaking channel support. Price is now in consolidation in range of about 70-80 pips. As per COT CAD saw closure of both Long and Short positions, N-R saw addition of Long and Short positions and Commercials saw closure of both Long and Short, confirming weakness of CAD for the said week. CXY gained strength last week. CHF saw closure of Long and addition of few Short positions reducing net positions. SXY was very weak for the said week. SXY was strong last week. 4H> Price has support of downward trend line, however also struggling to break above resistance level as well. We expect price to make another attempt to break resistance level. Pair Correlation > CADCHF has positive correlation with GBPCHF and negative correlation with EURCAD. This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section you can share your view and ask questions. Thank You AP17FX
Long
by AP17FX
4
CADCHF - BULLISH BIASCAD - BULLISH 1️⃣ Prime Minister Trudeau unveiled a plan to help the economy recovery from the coronavirus fallout, including a commitment to extend wage subsidies until next summer, and support for industries hardest hit by the pandemic. 2️⃣ The upbeat market mood at the start of the week seems to be making it difficult for the safe-haven USD to find demand. CHF - BEARISH 1️⃣ Swiss National Bank kept interest rates steady and reiterated its willingness to intervene more strongly in the currency markets to stop the rise of franc. ===== TECHNICAL ===== - We are looking to long CADCHF on RBS level + SMA100 area on H1 chart. - CADCHF in bullish zone.
Long
by MonsunAsia
CADCHF - BEARISH BIASCAD - BEARISH 1️⃣ Investors turned to safe-haven currencies amid concerns over surging coronavirus cases worldwide and the possibility of further lockdowns. 2️⃣ A fresh leg down in oil prices undermined the Loonie. 3️⃣ Ontario, the country’s most-populous province, cracked down on private social gatherings amid a spike in infections. CHF - BULLISH 1️⃣ The European country has been hit by a second wave of coronavirus infections with countries like Spain and the UK considering imposing more restrictive measures. ==== TECHNICAL ===== - We're shorting this pair on SMA100 area + SBR level on H1 chart. - CADCHF on bearish zone.
Short
by MonsunAsia
CADCHF - BEARISH BIASCAD - BEARISH 1️⃣ Investors turned to safe-haven currencies amid concerns over surging coronavirus cases worldwide and the possibility of further lockdowns. 2️⃣ A fresh leg down in oil prices undermined the Loonie. CHF - BULLISH 1️⃣ The risk-off tone likely to remain supported the safe-havens flow. ===== TECHNICAL ===== - We are looking to short CADCHF on SBR level + SMA100 area on H1 chart. - CADCHF in bearish zone. ===== RISK TO THIS TRADE ===== - This trade will hit stop loss if market sentiment turns to risk-off.
Short
by MonsunAsia
2
CADCHF | PERSPECTIVE FOR THE NEW WEEKWeak economic data and pressures on the oil market are taking a toll on the CAD as it continues to find it difficult to raise the bar. The sharp fall after reaching a peak of 0.70000 appears to hold ground. Tendency: Uptrend ( Bullish ) Structure: Trendline | Supply & Demand| Reversal Pattern (Head and Shoulder) Observation: i. Even though we are generally on an uptrend, it appears that correction into the Daily trendline is the aim of price action at this juncture. ii. Selling pressure continues to increase after the Breakdown of Neckline @ 0.69200 a couple of weeks ago. iii. Canada's retail sales index at 0.6% as showcased on Friday's data was also below expectation which increases doubt in the strength of the currency. iv. I am looking out for a Bearish signal in the following week(s) as the aim extends to hit Bullish Trendline on Day chart. Trading plan: SELL confirmation with a minimum potential profit of 110 pips. Risk/Reward: 1:2.5 Potential Duration: 2 to 6 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
2