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Cadchfidea

CADCHF - BULLISH BIASCAD - BULLISH 1️⃣ The prevalent upbeat market mood drove flows away from the safe-haven greenback. 2️⃣ Rallying oil prices underpinned the loonie and further contributed to the offered tone. 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. 2️⃣ Equities trade firmly in the green ever since the day started, amid hopes for a US coronavirus aid package and Trump's healthy. ===== TECHNICAL ===== - We long CADCHF on RBS level + SMA100 area + 61.8% fibo retracement area on H1 chart. - CADCHF in bullish zone.
Long
by MonsunAsia
1
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 - BULLISH BIASCAD - BULLISH 1️⃣ The Canadian dollar appreciated further, supported by higher oil prices and a weaker dollar. 2️⃣ News that Novavax Inc had reached an agreement with the Canadian government to supply up to 76 million doses of its experimental coronavirus vaccine lifted investors’ sentiment. 3️⃣ The Fed’s dovish signal, the risk-on mood continued weighing on the buck. CHF - BEARISH 1️⃣ The global risk sentiment remained well supported by hopes of a potential vaccine and treatment for the COVID-19 virus. This coupled with a positive trade-related development further boosted investors' confidence. ===== TECHNICAL ===== - We are buying this pair on RBS level + SMA100 area + pivot point level on H1 chart. - CADCHF in bullish zone. ===== RISK TO THIS TRADE ===== - This trade will hit stop loss if market sentiment turns to risk-off and oil prices going down.
Long
by MonsunAsia
CADCHF, daily tf, sell on break of ascending supportHello my friends, I hope you all enjoyed weekend. I just checked some pairs for September trading plan and this pair looks very interesting to me. This pair not yet filtered by my screener but i think it will soon come to my sell position screener. What i am waiting for now, is a confirmation that price break below the ascending support line with a solid candle close. The moment that parabolic SAR indicator switch from below to above the price, it will fully confirm to take sell positions. Notice also there is a possibility bearish divergence forming on stochastic. I posted this in advance to let my fellow friends know it before hand so we will take sell position together when it confirmed. As long as price holding above the support then we will not take sell position yet. Only sell when we got our confirmation. The trade will look like this when it is active Sell CADCHF @0.6870 Stop loss @0.6955 Take profit 1 @0.6765 Take profit 2 @0.6670 RR ratio is 1 : 2,35 Use only 1-2% risk Good luck
Short
by HayatoDragonFX
CADCHF - BULLISH BIASCAD - BULLISH 1️⃣ CAD was lifted by a rise in oil prices after tropical storms Marco and Laura hit the Gulf of Mexico and amid optimism about coronavirus treatments. CHF - BEARISH 1️⃣ The global risk sentiment remained well supported by hopes of a potential vaccine and treatment for the COVID-19 virus. This coupled with a positive trade-related development further boosted investors' confidence. ===== TECHNICAL ===== - We are buying this pair on pivot point + SMA 100 area + RBS level on H1 chart. - CADCHF on bullish zone. ===== RISK TO THIS TRADE ===== - This trade will hit stop loss if oil prices going down.
Long
by MonsunAsia