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CADCHF

CADCHF - 4hrs ( Sell Trade Target Range 105 PIP ) Pair Name : CAD/CHF 🗨Time Frame : 4hrs Chart / Close ➕Scale Type : Large Scale ------ 🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money ✔️ Key Technical / Direction ( Short ) Type : Mid Term Swing ——————————— Bearish Retest 0.66800 Area Reasons - Inner Turn level - Visible Range Lvn - Pattern Break - Liquidity Zone - Weak Low Break Bullish Reversal 0.66000 Area Reasons - Major Turn level / D - visible range hvn - Pattern Full Target - Fibo Golden - Liquidity Zone
Short
by GoldenEngine
CADCHF - Are We Still In An Upwards Trend?Analysis: Looking at the chart things may look bearish to the untrained eye as we've had a strong recent move to the downside, however price to us still looks bullish and this is the last line of defence so we expect that this is where most of the bulls will be wanting to push price higher from. We still think that price is in an upwards trend as we haven't broken the most recent higher low. Whilst some people may think we put in another higher low at the top of the move, we didn't as price didn't break higher so we never formed a higher low, just a higher high, meaning that our area we have marked out is where the most recent higher low is. This may be difficult to understand but this is how we see the market trend. At this area we have marked out, in the past we can see that this level has held as both support and resistance so we'd expect this to happen again, making it a great possible entry zone. To add to our idea we also have the 50% fib retracement level which has been tagged so we expect to see some sort of bullish pressure from this level as this is where some bulls will be sat at wanting to hold price and push it higher, which goes in favour of our idea. Fundamentally the CAD is the 4th strongest major currency compared to the CHF which is the 3rd weakest major currency, so this is already favouring our bullish idea. As of the most recent report for institutional positioning we did see a big decrease in long positions but we saw a 2 times bigger decrease in short positions so this is bullish for the CAD. For the CHF, in regards to institutional positioning we did see an increase in both long and short positions so this is slightly bullish for the CHF, but not as bullish as the CAD is. Tomorrow we have some big news coming out for the CAD so this could give us the catalyst that we need to see price head to the upside and for the CAD to make its bullish run. Fundamentals are what actually drive the markets, so whilst the technicals don't look that clear to the untrained eye, the fundamentals are clear. The CAD is stronger then the CHF. This is why overall we are bullish on CADCHF. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We any comments at all so thank you! Stay Safe - The JPI Team Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Long
by jpeacockfx
12
CADCHF H4 | Bounce off support?Based on the H4 chart analysis, we can see that price is falling towards our buy entry at 0.6620 which is an overlap support. Our profit will be at 0.6685 which is a pullback resistance level. Stop loss will be at 0.6592 which is a pullback support level Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party provider). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Name of third party provider. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Forex Capital Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM EU LTD (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM Australia Pty. Limited (www.fxcm.com): ** Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com FXCM Markets LLC (www.fxcm.com): Losses can exceed deposits.
Long
by FXCM
⚠️CADCHF crash by Head and Shoulders Pattern⚠️CADCHF managed to form a Head and Shoulders pattern after breaking the uptrend line. Also, CADCHF managed to break the neckline and 🟢 support zone(0.673CHF-0.672CHF) 🟢 in the past hours. 🔔I expect CADCHF to decline at least until the next 🟢 support zone(0.664CHF-0.661CHF) 🟢. 🔅Canadian Dollar/Swiss Franc Analyze ( CADCHF) 4-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
25
Cadchf should have more downside coming **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
Short
by Shadowing_The_Big_Boys
Getting ready to go long, can we hit 0.71?I'm getting ready to buy this pair, keeping an eye out for a potential dip down to around 0.666. This area is the newly created weekly demand/buy zone that caused the break and close above the weekly long term trend so is a good area to get back long My game plan here is pretty simple: is too buy during the dip down to the breakout region. I've pegged the targets for this trade at 0.71, which stood as a solid weekly support in the past and is now expected to double up as a resistance level, pulling the price towards it. Hope you enjoyed :)
Long
by TheFxAce
9
Swiss Inflation will fall under the 2% mark - today!CHF Perspective: Negative: - As announced in February, Swiss inflation will fall below 2% target of the SNB from the second half of the year on (i.e. today) - The SNB raised interest rates again in June and thus probably ended its rate hike cycle (-> a further rate hike of 0.25% in September cannot be ruled out entirely, but it would not be necessary). - The main driver of Swiss inflation are now rising rents, for which further interest rate hikes would be counterproductive due to the rise in the reference rate. -> would only further fuel rents, therefore unnecessary - Switzerland's manufacturing sector is increasingly weakening, as both the PMIs and the KOF indicator show. Positive: - SNB remains hawkish despite falling inflation (but whether this is actually sustainable remains to be seen) - The SNB continues to support the franc by selling other currencies -> due to the fact that the SNB will continue to put the brakes on a possible gradual weakening of the CHF, I expect the trade to move forward rather slowly (but that's fine with me, the positive swap sweetens the wait) CAD Perspective: Positive: - Everything has happened more or less as forecasted in February: -> the Canadian labour market is on fire (like Paris nowadays) and together with the "sticky" core inflation forced the BOC to raise interest rates again in June - another rate hike this month is likely, ultimately the labour market report on Friday will decide -> if it at least meets expectations the chances are good -> would give the CAD an additional boost - As predicted in February, migration is booming in Canada. -> keeps the housing market, retail sales and inflation on their toes -> core inflation remains a problem for the BOC Negative: - Oil is not making any headway. Tighter supply (OPEC production cuts) is clashing with the gloomier outlook for the global economy, leading to a stalemate so far. Due to the banking crisis in March, the first attempt of this trade had no chance (bad luck!), but since all the other factors came exactly as forecasted, I'm giving the trade a second chance, let's see!
Long
by PrimeTrading