CADCHF Bullish Outlook In DevelopmentCADCHF Bullish Outlook In Development
CAD/CHF recently completed a bullish harmonic pattern near 0.6055, and the initial price reaction has been promising so far.
From the our previous analysis we can see that CADCHF already reached the first target.
SNB rate cut certainly created a less favorable outlook for the Swiss Franc.
Given the ongoing volatility from Trum's tariffs, it’s prudent to adopt a conservative approach, however the price is well positioned to continur rising more as shown on the chart even if it moves down before the news today.
Key resistance areas: 0.6225 and 0.6265
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CADCHF trade ideas
CADCHF: Bullish Forecast & Bullish Scenario
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the CADCHF pair which is likely to be pushed up by the bulls so we will buy!
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CAD/CHF📌 Pair: CAD/CHF
📌 Entry: 0.61423 | SL: 0.61042 | TP: 0.62101
CAD/CHF balances a commodity currency (CAD) and a safe-haven currency (CHF), making it reactive to oil prices and risk sentiment. It tends to correlate with CAD/JPY & AUD/CHF, while inversely linked to USD/CHF.
Currently watching for an upside move—keep an eye on oil markets and market sentiment shifts. Trade smart! 📈💡 #Forex #CADCHF #TradingSetup
CADCHF - Buy Setup at Key Support LevelOANDA:CADCHF is approaching a key support zone, marked by strong buying pressure. This area has historically served as a demand zone, suggesting the potential for a bullish reversal if buyers step in.
The current market structure indicates that if the price confirms a rejection from this support zone, there is a high probability of an upward move. I anticipate that if buyers defend this level, the market may head higher toward the 0.61900 target, which represents a logical target within the current market structure. However, a break below this support would invalidate the bullish bias and could lead to further declines.
If you have any thoughts on this setup or see an alternative perspective, feel free to comment!
CADCHF SHORT LIVE TRADE AND BREAKDOWN EXPLANATION 9K PROFITThe CHF/CAD pair tells the trader how many Canadian Dollar (the quote currency) are needed to purchase one Franc Swiss (the base currency). These two economies are quite intensely linked because Canada is an important producer of gold while Switzerland is a great importer of that same commodity - a quart part of the overall commodities imported by Switzerland is gold and there is a solid tradition of gold refineries/gold mining companies in the country. Switzerland can be considered as a stable and safe country. The same accounts for its currency, the Swiss Franc (CHF). The currency is often referred to as the “safe-haven” currency, as it is a backup for investors during times of geopolitical tensions or uncertainty: it is expected to increase its value against other currencies in times of volatility.
Bearish drop off pullback resistnce?CAD/CHF has rejected off the pivot and could drop to the 1st support.
Pivot: 0.61954
1st Support: 0.60758
1st Resistance: 0.62626
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CAD/CHF Daily AnalysisPrice has closed below the CTL (counter trendline) on the final day of trading last week.
The current bearish trend started in February and has most recently been in a potential corrective pattern where it retested and rejected 0.6200
We may now see a push from the sellers back towards major support at 0.6060 unless the current break below the CTL is a false break.
Look for potential sell setups if they meet your strategy rules.
This is an idea of what may happen. You should always trade with a well tested and profitable trading strategy using good risk management.
CADCHF Will Go Lower From Resistance! Sell!
Please, check our technical outlook for CADCHF.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 0.615.
Considering the today's price action, probabilities will be high to see a movement to 0.611.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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CADCHF Short Bias ! The pair attempted to break above the 0.6200 resistance zone but failed, forming a rejection. This suggests potential bearish momentum ahead.
Market Structure: Still bearish overall, despite a short-term ascending channel.
Bearish Scenario: If price respects the 0.6200 resistance and breaks below the ascending channel, it could head towards 0.6000 as the next major support.
Confirmation Factors:
Price rejection at resistance.
Moving averages acting as resistance.
Possible breakdown of the ascending channel.
CAD-CHF Nice Bearish Setup! Sell!
Hello,Traders!
CAD-CHF made a retest
Of the horizontal resistance
Level and is already marking
A bearish pullback while trading
In a bearish wedge pattern so
If we see a breakout then
A further move done is to be expected
Sell!
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CADCHF Bullish Momentum: Will 0.63000 Be the Next Target?The Canadian dollar continues to show strength despite the 25% tariff imposed by the United States. Meanwhile, the DXY opened bearish today, and with ongoing tariff uncertainty, this weakness may persist. As investors gain clarity on policy direction, CAD could further appreciate. Given this momentum, CADCHF has the potential to reach at least 0.63000. However, multiple resistance levels could come into play, making it crucial to monitor lower time frames for partial profit-taking opportunities.
CADCHF My Opinion! SELL!
My dear followers,
I analysed this chart on CADCHF and concluded the following:
The market is trading on 0.6196 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.6157
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
CADCHF Bullissh or Bearish ??? Detailed analysisCAD/CHF is currently trading at approximately 0.6150, forming a bearish flag pattern—a continuation signal that typically precedes further downward movement. This pattern emerges after a sharp price decline, followed by a consolidation phase characterized by parallel trendlines. A breakout below the flag's lower boundary could potentially lead to a decline of over 100 pips, aligning with the target price of 0.6000.
Fundamental factors support this bearish outlook. The Bank of Canada (BoC) recently implemented a 25 basis point rate cut, reducing the benchmark rate to 2.75%. This move, aimed at stimulating economic growth amid trade tensions and weakened consumer confidence, has exerted downward pressure on the Canadian dollar. Conversely, the Swiss franc continues to benefit from its safe-haven status, attracting investors during periods of global uncertainty. Additionally, Switzerland's robust economic data, including a manufacturing PMI of 51.5 and a 4.0% rise in exports, further bolsters the franc's strength.
Technical analysis further reinforces the bearish sentiment. The CAD/CHF pair has been in a steady downtrend, with minor retracements occasionally. Currently, the price is preparing for another retracement aimed at retesting the immediate supply zone. The 4-hour timeframe chart shows that the supply zone falls perfectly between the 76% and 88% Fibonacci retracement levels. The presence of a Fair Value Gap (FVG) and inducement contribute to the bearish leaning of the market sentiment. Analysts have set a target of 0.6051, with an invalidation point at 0.6231.
Given these technical and fundamental factors, the CAD/CHF pair appears poised for a bearish breakout from the flag pattern. Traders should monitor key support levels and employ robust risk management strategies, such as setting appropriate stop-loss orders, to navigate potential market volatility. Staying informed about upcoming economic data releases and central bank communications will also be crucial in effectively capitalizing on this trading opportunity.