Get started

Cadchflong

CADCHF - Bullish BiasCAD - BULLISH 1️⃣ The Bank of Canada kept the interest rate unchanged at 0.25%. Additionally, the central bank forecasts positive GDP growth in the first quarter of 2021 as the economy is proving to be more resilient than anticipated to the second wave of the virus and the associated containment measures. 2️⃣ Oil prices, one of Canada’s major exports, steadied around $64 per barrel, near an over 2-year high of $67.98 hit in the beginning of the week. 3️⃣ The economy advanced an annualized 9.6% in Q4, beating market forecasts of 7.5%. CHF - BEARISH 1️⃣ Stronger-than-expected US jobs data and the pandemic relief bill boosted prospects of the US economic recovery. 2️⃣ Expectations of a robust economic revival fueled by the rapid rollout of vaccines and additional fiscal spending raised investors’ appetite for riskier assets. 3️⃣ Positive risk tone weighing on the safe-haven CHF. ===== Technical ===== We are buying the CADCHF on RBS + above SMA 50 on the H1 chart.
Long
by MonsunAsia
2
CADCHF - Bullish BiasCAD - BULLISH 1️⃣ Increase in oil prices should support the CAD. 2️⃣ The economy advanced an annualized 9.6% in Q4, beating market forecasts of 7.5%. 3️⃣ The AstraZeneca vaccine was approved at the end of February. CHF - BEARISH 1️⃣ Stronger-than-expected US jobs data and the pandemic relief bill boosted prospects of the US economic recovery. ===== Technical ===== We are looking to buy the CADCHF on RBS + above SMA 50 on the H1 chart. ===== Risk to this trade ===== Any change in sentiment could turn the pair's direction.
Long
by MonsunAsia
CAD/CHF Multi-Timeframe analysisHi Traders CAD/CHF Multi-Timeframe analysis H1 CHART ( BULLISH ) A very high probability, entry signal to go LONG was given at 0.71104 after the market found support at 0.70829 . Only the downward break of 0.70829 would cancel the bullish scenario. Support & Resistances 0.70789 0.71094 0.70455 0.71331 0.70165 0.71621 H4 CHART ( BULLISH ) A very high probability, entry signal to go LONG was given at 0.71104 after the market found support at 0.70829 . Only the downward break of 0.70829 would cancel the bullish scenario. Support & Resistances 0.70789 0.71094 0.70455 0.71331 0.70293 0.71621 DAILY CHART ( BULLISH ) A medium probability, entry signal to go LONG was given at 0.70611 after the market broke the resistance level at 0.70611 . Support & Resistances 0.70224 0.70550 0.69035 0.71444 0.68610 0.72959 WEEKLY CHART ( BULLISH ) Waiting for a retracement lower towards the 0.70070 support level, in order to reinstate LONG positions. Next important support is the 0.68165 level. Support & Resistances 0.70070 0.71194 0.68165 0.72008 0.67449 0.72512
Long
by Avramis
2
CADCHF: The price is FOLLOWING a strong ASCENDING CHANNELHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : CAD/CHF ⚪ Technical Analysis : Since August 2020, the price has been following an interesting ascending channel in a daily perspective, bouncing many times on its dynamic lines. On the 4th of January 2021, a bullish impulse moved the price up, getting a rejection on the resistance zone at about 0.70500 and few days ago it re-tested the same level. It closed the last daily session with an interesting upbar and a rejection on the level 0.70000 (matching also with its EMA 200) could be a sign of market continuation . 🔴 Conclusion : This pair is absolutely giving us many great opportunities! I'm confident to see the price growing more until its dynamic resistance, considering that it got a rejection on its daily EMA 200 and it's following a clear uptrend. I wouldn't suggest to open any long position right now, because there is a possibility of consolidation between the two S/R zones at about 0.70500 and 0.70000. Before planning my long position on this trade, I'll be waiting for a double scenario: 1. The price falls down bouncing on its dynamic channel's support (that would be a really profitable trade) 2. The price breaks the resistance zone at 0.70500 and I'll be looking for the best entry point until it will reach its dynamic channel's resistance line. Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! ⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️ Trade Safe and Responsibly , Gianni
Long
by FXtrades-gp
31
CADCHF/Long NowForecast the movement of currency pairs: buy Analysis Description: By monitoring this currency pair and stabilizing the strong candelabra of buyers from the support range of 0.70054, it is not expected that this currency pair will rise to the range of 261.8% Fibonacci. Target ranges Target I: .0.70304 Target II: .0.70775 Stop Loss: 0.70005❌ Don't forget capital management and risk to risk ratio Good luck ______________________________________ If you like my analysis, like it and send it to your friends
Long
by Mr_signal_Fx
CADCHF Retesting Broke out level!!!We managed to see a clean breakout after a long consolidation within 0.7020 resistance level and 0.6818 support level. As of now, I am expecting this BEARISH movement to be a retest to the broken zone before further BULLISH movement take over, Keep an eye on this pair while we expect a nice rejection off this level moving towards 261.8% fib level. I will update again once we reached that level. Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
Long
by YGForex
1
CADCHF: You may consider this LONG opportunity! Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : CAD/CHF ⚪ Technical Analysis : Since January 2021, the price has been following an interesting trendline, moving up until the main resistance zone at about 0.70500, breaking through a daily S/R level at 0.69600 and bouncing few times on its dynamic trendline. On the 22th of January, the price broke the trendline, re-testing the same level twice before collapsing down under the support level. It is currently re-testing the S/R level at about 0.69650 and the next price action on this level will be essential to understand the next market movement. 🔴 Conclusion : The current weekly session closed with an interesting pin bar, showing a possible rejection on that level and an upcoming new uptrend. Also the day session closed with a strong upbar just around the S/R zone. I'm confident to see the price pushing up until the next resistance zone and I'll be waiting for a clear rejection before planning my long position on this trade. Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! ⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️ Trade Safe and Responsibly , Gianni
Long
by FXtrades-gp
6