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Cadchflong

CADCHF- Ascending channel Technical Analysis: -From the 4 Hour and 1 Hour chart show strong bullish momentum. -Price has been trading in the ascending channel since 27th April. -We should look for a long entry on the retracement of the liquidity zone -According to the algorithm I use, price could shoot up to 0.59% and tomorrow with a 0.75% gain to the upside. -This is a good indication to enter long for this position. Fundamental Analysis: - There are are no high impact news for today which will affect the pair. - However there is a major impact tomorrow on the Cad as they are announcing their GDP Reports at 1:30. - I would advise to not trade around these times as price will be very volatile. Sentiment Analysis: - According to market sentiment, 83% of retail traders are short on this pair. - Normally I would go against the retail traders as 90% of them lose their capital. - Asset managers/industrials and Leveraged funds are all placing long positions for this pair. Lets see how this trade plans out! Make sure to Follow, like and comment your ideas for this pair!
Long
by LDForex_
CADCHF facing bullish pressure, potential for further upside!Prices are facing bullish pressure from ascending trendline support and horizontal swing low support in line with 78.6% Fibonacci extension and 50% Fibonacci extension. Prices might push up further towards 1st resistance in line with 78.6% Fibonacci extension. If prices fall through 1st support, prices might take support on 2nd support which is in line with 78.6% Fibonacci retracement and 127.2% Fibonacci extension. EMA is also below prices, showing a bearish pressure for prices.
Long
by TradeGATEHub
CADCHF - Bullish BiasCAD - BULLISH 1️⃣ The Bank of Canada (BoC) held its interest rate unchanged at 0.25% during the April meeting, as widely expected, however, the bank said it will adjust weekly net purchases of Government of Canada bonds to a target of CAD 3 billion from CAD 4 billion, effective the week of April 26. 2️⃣ Canada has continued to step up its mass vaccination programme, which may help the country emerge from the current health crisis earlier. 3️⃣ Canadian retail sales jumped 4.8% in February of 2021, above market expectations of a 4% rise. 4️⃣ Rallied oil prices underpinned the CAD. CHF - BEARISH 1️⃣ The CHF undermined by higher US Treasury yields. ===== Technical ===== - We are looking to buy the CADCHF at support on the M15 chart. This is short term trading strategy from Monsun Asia. - Risk reward ratio is 2:1. ===== Risk to this trade ===== Any change in sentiment could turn the pair's direction.
Long
by MonsunAsia
CADCHF | Dow - Keltner - RSI - Stochastic - ADX 1 April 20211. Identify the trend * On the chart: a. Part of Dow theory: multi-trades active at the impulse waves. Uptrend trend: - HH / Higher High: The following peak is higher than the previous one. - HL / Higher Low: The back bottom is higher than the previous one. Downtrend: - LL / Lower Low: The back bottom is lower than the previous one. - LH / Lower High: The posterior peak is lower than the previous one b. Keltner price channel: - Uptrend: Go above Upper 2 - Downtrend: Down to Lower 2 * Under Chart: Stochastic indicator: 21 past candles - Uptrend: Index K and D surpass 80 - Buy zone: Index D is large 80. ---------------------------- - Downward trend: K and D indexes go down to 20. - Sell zone: Index D is less than 20. RSI indicator: 21 past candles - Uptrend: value exceeds 80. - Downward trend: value exceeds 20. ADX indicator: Used to identify a strong trend - ADX smooth: 9 - DI: 9 2. Entry point: - Buy: wait to buy on the Upper Keltner channel. - Sell: wait for sell at the Lower Keltner channel. 3. Take profit, stoploss ATR indicator (20) ( Average true range ) * 2
Long
by dinhchien
CADCHF facing bullish pressure | 31 Mar 2021Prices are facing bullish pressure from ascending trendline support and horizontal swing low support which is in line with 78.6% Fibonacci extension and 61.8% Fibonacci retracement . Prices might push up towards 1st resistance which is in line with 78.6% Fibonacci extension and horizontal swing high resistance. If price pushes down lower, it might take support on 2nd support which is in line with 127.2% Fibonacci extension and 78.6% Fibonacci retracement . Ichimoku cloud is also below prices, showing a bullish pressure for prices.
Long
by FXCM
CADCHF facing bullish pressure, potential for further upside!Prices are facing bullish pressure from ascending trendline support and horizontal swing low support which is in line with 78.6% Fibonacci extension and 61.8% Fibonacci retracement. Prices might push up towards 1st resistance which is in line with 78.6% Fibonacci extension and horizontal swing high resistance. If price pushes down lower, it might take support on 2nd support which is in line with 127.2% Fibonacci extension and 78.6% Fibonacci retracement. Ichimoku cloud is also below prices, showing a bullish pressure for prices.
by TradeGATEHub
CADCHF - Bullish BiasCAD - BULLISH 1️⃣ Upbeat labour market data, which supported expectations that the Bank of Canada would reduce quantitative easing purchases next month. 2️⃣ The unemployment rate fell to 8.2%, the lowest rate in 11 months and the economy created 259K jobs, considerably higher than market expectations of 75K jobs. CHF - BEARISH 1️⃣ Expectations of a robust economic revival fueled by the rapid rollout of vaccines and additional fiscal spending raised investors’ appetite for riskier assets. ===== Technical ===== We are looking to buy the CADCHF at support + above SMA 50 on the H1 chart. ===== Risk to this trade ===== Any change in sentiment could turn the pair's direction.
Long
by MonsunAsia