CADCHF Bullish Reversal in Motion Channel Break & Momentum ShiftCADCHF setup is developing into a potential bullish recovery after a breakout from a falling wedge. I’m looking for signs of buyer control as price attempts to build higher structure off the recent breakout.
📊 Technical View (My Setup Insight):
Falling Wedge Breakout: Price has cleanly broken out o
About Canadian Dollar / Swiss Franc
The Canadian Dollar vs. Swiss Franc pair is often recognized as a carry trade vehicle because of the relationship between a low yielding, safety geared currency (CHF) and a higher yielding, growth related one (CAD). The CHF is considered to be safety geared and low yielding because of its reputation as a safe harbor and haven for foreigners depositing their wealth in a foreign private banking system. The CAD is considered to be a commodity currency because of its exporting of natural resources which makes it sensitive to investors' outlooks on global economic growth.
Related currencies
CADCHF - manipulative liquidity grab at 0.5843 before the dropThe market, under pressure from manipulation (dollar appreciation), has entered a distribution phase. Amid high volatility, MM tested the liquidity zone. A false breakout of the 0.5843 zone has formed. Consolidation below this level will confirm the price's readiness to move lower.
The global trend
Bears Trapped — CADCHF Heist Begins (Buy Setup Inside)💎💣CAD/CHF Swiss Vault Breakout 💰 Heist in Progress (Scalp/Day Plan)💣💎
“When the market sleeps, we rob it clean!”
🌍 Hola! Bonjour! Hallo! Marhaba! Hello, Thieves & Market Movers! 🌍
💰🤑💸Welcome to another high-stakes heist from the vaults of Thief Trader HQ!💸🤑💰
This time, our radar’s locked on CAD/CH
CAD-CHF Local Rebound Ahead! Buy!
Hello,Traders!
CAD-CHF made a retest
Of the horizontal support
At 0.5797 from where we
Are already seeing a bullish
Reaction so we will be
Expecting a further local
Bullish move up
Buy!
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Bullish bounce off pullback support?CAD/CHF is falling towards the pivot, which acts as a pullback support and could bounce to the 1st resistance, which is also a pullback resistance.
Pivot: 0.58652
1st Support: 0.58423
1st Resistance: 0.59211
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Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The value of the CADCHF pair is quoted as 1 CAD per x CHF. For example, if the pair is trading at 1.50, it means it takes 1.5 CHF to buy 1 CAD.
CADCHF is a minor currency pair, i.e. a popular pair that is not associated with USD. Such pairs are also called cross currency pairs.
Currencies are usually traded through forex brokers — choose the one that suits your needs and go ahead. You can trade CADCHF right from TradingView charts — just log in to you broker account. Check out the list of our integrated brokers and find the best one for your needs and strategy.