CAD CHF pair has been in a downtrend for some time now (since June 0f 2022). We all know to 'go with the flow' when it comes with following the general trend. In this case, the pair might be ready for another move down.
This would be the fourth hit on the trendline, and at previous resistance during its month long range.
As always, we'll wait and see either a...
Please, check our technical outlook for CADCHF.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 0.664.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.666 level.
P.S
The term oversold...
Take a look at CADCHF.
The pair broke and closed above a key daily resistance last week.
The price is currently consolidating with a narrow horizontal range, retesting the broken structure.
Your intraday bullish confirmation to buy will be a bullish breakout of the resistance of the range.
4H candle close above 0.6643 will confirm the violation.
A bullish...
seems like cadchf has already bottomed out and preparing for massive bullish rally in coming weeks
descending channel breakout has already confirmed in daily timeframe retesting in process incase of successful retest expecting 400 pips bullish wave
Not too long ago I had published an idea about the $FX:CADCHF. Go check it out! However, I never took my eyes off of it, and due to that it made me dig deeper from a higher perspective... I came to the conclusion that this particular pair recently experienced something that's more than likely going to shift it's momentum for some time.
My reasoning..
Daily:
1....
Analysis:
Bearish Confluences
Strong downwards trend
Retesting an area of significance
In a longer term descending channel
Longer term downwards trendline touch
The CAD is the 4th weakest major currency whereas the CHF is the 4th strongest major currency
12K short position increase for the CAD
3K long position increase for the CHF
Bullish Confluences
...
Welcome back! Let me know your thoughts in the comments!
** CADCHF Analysis - Listen to video!
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H4 - Bullish trend pattern.
Currently it looks like a pullback is happening.
Until the strong support zone holds I expect the price to move higher further after pullbacks.
There has been an evident downtrend since June 2022.
The price continues to bounce on the resistance, just to come down and make a lower high...
However, there has been somewhat an established strong support as of late around 0.64666.
We will most likely see short term upside to 0.6629. And if it fails to break the resistance and come down, then the short...
CADCHF is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is also the 38% fib retracement level and the previous broken resistance might be turning as a support. if the market successfully sustain this bullish confluence the next leg high could be 0.6590
CADCHF formed a cup & handle pattern on a daily time frame.
The neckline of the pattern was broken yesterday.
It now turned into a strong support.
The market may go much higher now.
Next resistance - 0.66
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My dear friends,
Please, find my technical outlook for CADCHF below:
The instrument tests an important psychological level 0.6543
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 0.6514
Recommended Stop Loss - 0.6558
About Used...
Hello,Traders!
CAD-CHF is making a
Pullback from the horizontal
Resistance level of 0.655
And I think that we will
See a further move down
Sell!
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Entry : 0.65196
SL : 0.64991
TP : 0.66221
RRR : 1/5
Every trade has risk!! So please set SL with your own caution and always follow my orders at Tradingview !!
Support Broker with me in the Bio section
Price is reacting off our buy entry at 0.6492, and we could possibly see price bounce off this area as there is the 61.8% fibo retracement and 78.6% fibo projection, showing fibo confluence. Our stop loss is at 0.6470, which is the previous swing low support level, and below the 78.6% fibo retracement, to give price space to breathe. Take profit is at 0.6539,...
cadchf technical analysis basically on RTM priceaction Strategy
cadchf can be grow to next level..good opp for buy after breakout and pullback
wait and watch.
Pair : CADCHF ( Canadian Dollar / Swiss Franc )
Description :
Breakout the Upper Trendline of the FALLING WEDGE Pattern and Completed its Retracement. Rejecting from the Strong Support forming Double Bottom Pattern if it Breaks the Daily Descending Trendline and Retest then we can Look for Buy
