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Cadchflong

CADCHF: Analysis and Plan for the week ahead (15 JULY 2019)Looking at the CADCHF pair, price has been following the trend line (going upwards at 4H chart). Looking at the 1H chart, the price has been staying at the SUPPORT. The price has been having some difficulties to break the SUPPORT level. Therefore there is a probability that the price will be going bullish. Disclaimer: These are only an idea or a point of view of what will happen in the market. Please do your own analysis for more confirmation and do not copy blindly. I will not be responsible for any losses if you follow the idea. These ideas are meant for sharing and learning for those who are still new and learning like me. Please manage your risk-reward accordingly as it is very crucial. You are allowed at any moment to leave any comments below as those comments will be taken as a learning point or reviews. Trade at your own risk and good luck.
Long
by FUADALHAKIM
2
CADCHF Consolidation Zone Options On the CADCHF is testing the consolidation support of .7380 with the ADX over 20 and the Stoch leaving the SELL zone and Oil in the SELL zone on the daily and 2hr respectively there is more of a probability that the bearish run is xoming. However for myelf I would have to see the BEARS reject the .7380. The target level I would be looking at is the .7250 area to the .7150 area. If the BULLS are able to hold that support area it could push back up to resistance highs at around .7600 If you agree PUNCH the LIKE button and UPPERCUT to FOLLOW button. Here at Carter Kyle Capital we are the Fighters of Financial Freedom helping 1 trader at a time. What are YOU fighting for? Trading FOREX on margin carries a high level of risk, and may not be suitable for everyone. Past performance is not indicative of future results. Carter Kyle Capital will not accept liability for any loss or damage directly or indirectly from reliance of information.
by CarterKyleCapital
CADCHF 1:2 Risk Reward (Potential Setup)Fundamental LogicStrategy Scores: - Strong signs for CAD +22 - Weaker signs for CHF -27 CAD Fundamentals: - Retail sales 1.1% increase by 0.1% - Core retail sales increased by 1% massive jump for consumer consumption towards GDP - Manufacturing sales 2.1% increased from -0.2%, this is a big component for exporters, more sales meaning higher consumption domestically but also abroad for domestic goods. - Employment numbers up in Canada showing more people being employed leading to higher consumption, more spending, more investing and more demand for the currency. - 9th may Exports increased by 1.05 billion, exceeding expectations of by 1 billion. - Massive increase in the construction industry 235.5k housing starts leading to healthy lending from the banks, more employment from construction, more demand for imports for materials and more producer/manufacturing sales. Overall healthy signs for the Canadian Dollar, undervalued currently as of my point of view. CHF Fundamentals: - Trade balance significantly lower than last month, dropping to 2.294Billion from 3.2Billion - GDP was above expectations however already priced in no market volatility from the release. - PPI had no growth sitting at 0% decreasing by 0.3% suggesting price of goods are not changing leading to no inflation and no changes to interest rates. - Consumer confidence dropping to -6 from -4 showing the domestic consumers are not very certain of the future currently, leading to reduced consumption in the economy ands spending overall. - Leading to Retail sales figures of -0.7% a very large drop in sales in the country Overall, a weak month of data for the CHF all leading to less demand for the CHF.
Long
by Eren_Jaeger_Trader