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Cadchfanalysis

CADCHF | MY PERSPECTIVE FOR THE WEEKDespite the Bullish run (Corrective move) from late July 2020; The anticipation of negative numbers and economical dent from Unemployment rate and Net Change in employment was not a convincing yard for a continuing rally. Price broke out of my Key level in the beginning of the week only to Break down and close below this level in the latter part of the week inciting a much good reason for Buyers to step aside for a better deal in the following week(s). Tendency: Downtrend ( Bearish ) Structure: Retracement | Trendline | Breakdown Observation: i. The fall of price that began mid-July appears to continue its second phase of decline after completing a correction into 61.8 retracements of impulse leg. ii. Breakdown of my Key level @ 0.68300 is enough signal for me to consider Bearish bias this coming week. Trading plan: SELL confirmation with a minimum potential profit of 120 pips. Risk/Reward: 1:2.5 Potential Duration: 3 to 10 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. NirvanaForex 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
WHY WE LOOK TO SHORT CADCHF?===== MARKET OUTLOOK ===== CAD - BEARISH 1️⃣ Oil price gains are capped by concerns the resumption of COVID-19 in America will curtail demand. 2️⃣ Flaky risk sentiment are hampering the Loonie. CHF - BULLISH 1️⃣ The recent escalation in diplomatic tensions between the US and China added to market concerns that the economic recovery in the US could be grinding to a halt amid the resurgence in coronavirus cases. 2️⃣ Risk-off markets sentiment will help Swissy. ===== TECHNICAL ===== 📊 We look to short #CADCHF on SBR level + SMA50 area. 📊 CADCHF in bearish zone. ===== MONEY MANAGEMENT ===== 💵 Please use only 1-2% risk per trade or you can use recommended lot in pinned message.
Short
by MonsunAsia
cadchf shorttwo things to keep in mind : 1.Switzerland is expected to maintain its ultra-expansive monetary policy for some time as it is facing the sharpest downturn since the aftermath of oil price shocks in the 1970s. 2.The SNB President Thomas Jordan has been reiterating the CB will continue to intervene strongly in the foreign exchange market to stop the rise of the highly valued franc in order to prevent deflation and protect the export-orientated economy on the other hand oil market will head down this week and cad with it and gold is rising with chf so its safe for sometime to keep with the trend here u need to know your exit by your self take this trade on your responsibility
Short
by Adel_Tunisi
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
Daily Update--CAD/CHF-- Big Chat View Forecasting 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. this is not signal. it's my opinion. trade your own risk. and Must Follow Money management. _______________________________________________________________________________________________________________________________________________________ Thank you for your support!
by morshedul-munna