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Cadchflong

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
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. ===== TECHNICAL ===== - We're looking to long CADCHF on RBS level + 61.8% fibo retracement area on H1 chart. - CADCHF still in bullish zone.
Long
by MonsunAsia
4
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 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