TREND LINE PRICE IS RESPECTING TRENDLINE, MOMENTUM IS SLOWING, I THINK PRICE WILL REACH PREVIOUS HIGH, 2:1
Cadchflong
CADCHF LONG- We've had a reaction off the 4hour OB as
well as the 0.786 FIB
- Looking to ride it up to the previous higher OB
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.
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GWBFX
CADCHF BUYAs cadchf breaks the trendline my idea is buy
All the things are mentioned in the picture 👍l
Don't miss the opportunity
CADCHF: +30 PIPS POTENTIAL CAD - BULLISH
1️⃣ Governor Macklem added that the BoC is not actively discussing negative interest rates but they are a tool the bank could use in case it needs to do more to tackle economic challenges caused by the pandemic.
2️⃣ CAD gathers strength on impressive Canadian jobs report. Unemployment Rate in Canada declined to 9% in September.
CHF - BEARISH
1️⃣ The State Secretariat for Economic Affairs (SECO) said that Switzerland’s GDP will contract by 3.8% this year amid the severe impact of the Covid-19 crisis
2️⃣ Switzerland's consumer prices are projected to fall 0.7% this year, compared with the previous forecast of a 0.9% decline.
3️⃣ The SNB has been intervening strongly in the foreign exchange market to stop the rise of the highly valued franc to protect the export-orientated economy.
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TECHNICAL
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- We're looking to long CADCHF on RBS level + 61.8% fibo retracement area on H1 chart.
- CADCHF still in bullish zone.
CADCHF 4HRSHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
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
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.
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TECHNICAL
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- We long CADCHF on RBS level + SMA100 area + 61.8% fibo retracement area on H1 chart.
- CADCHF in bullish zone.
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.
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TECHNICAL
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- We are looking to long CADCHF on RBS level + SMA100 area on H1 chart.
- CADCHF in bullish zone.
Pullback Setup | Strong Zone of ConfluenceLooking to go long on a pullback to retest the broken resistance which is now acting as support in confluence to our respectable ascending TL and 0.5 fib retracement.
CAD/CHF Long ?CAD / CHF when we look at the monthly timeframe, we can see that a proper retest has not been done. So we can definitely expect this pair to go long. Before that, the price should be lowered even more.
CADCHF, Breakout Expected..Critical Point.
Strong W,D,4H Rejection Zone.
0.5 Fib Level
Wait for breakout.
CADCHF - Take AdvantageAfter breaking the ascending triangle we began to see bearish momentum but that soon slowed down and now it looks like the price has failed to continue the downside and we are in the process of a structural shift indicating a potential buying opportunity.
COT DATA - 55% Short
CADCHF Possible Reversal Zone | Demand zonewe are very close to demand zone and price also making good bullish divergence on RSI
CADCHF signal (LONG)Hello friends.
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Everything on the chart.
open pos: on breaking resistance
targets: 0.7042 - 0.7065
after first target reached move ur stop to breakeven
stop: (depending of ur risk). ALWAYS follow ur RM .
risk/reward 1 to 4
Good luck
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