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Cadchflong

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
CADCHF signal (LONG)Hello friends. Please support my work by clicking the LIKE button(If you liked).Thank you! 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 Follow me on TRADING View, if you don't want to miss my next analysis or signals. It's not financial advice. If i help you TO EARN SOME MONEY i will RLY VERYVERY appreciate for your donate. (I lost almost 100k$ about 1 year ago,it was all) Dont Forget, always make your own research before to trade my ideas! Open to your questions or suggestions(PM to me).
Long
by trytofeelpositive