This is Part 1 of the Weekly Forex Forecast. Part 2 will follow! Look for it! In this video, we will cover: USD Index EUR GBP AUD CAD NZD CHF Like and subscribe if you like the video. Thank you! May profits be upon you.
CAD/CHF is rising towards the pivot which has been identified as a pullback resistance and could potentially fall to the 1st support. Pivot: 0.66890 1st Support: 0.66482 1st Resistance: 0.67215 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs...
Price is rising towards a resistance level which is slightly above the 161.8% Fibonacci extension and could potentially drop from this level to our take profit. Entry: 0.66883 Why we like it: There is a pullback resistance level which is slightly above the 161.8% Fibonacci extension. Stop loss: 0.67211 Why we like it: There is a pullback resistance level which...
The CADCHF pair Has been trading within a Channel Down pattern since January 2023 but recently it has shown growing signs that the long-term bearish trend is coming to an end. First of all, it formed the first Golden Cross on the 1D time-frame since April 01 2022. Since then, it has held the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) as...
Price is rising into a resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement. A reversal from this level could lead to a price drop to our take profit. Entry: 0.66482 Why we like it: There is an overlap resistance level which aligns with the 61.8% Fibonacci retracement. Stop loss: 0.6676 Why we like it: There is a...
Hey Traders, in today's trading session we are monitoring CADCHF for a selling opportunity around 0.66600 zone, CADCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.66600 support and resistance area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring CADCHF for a buying opportunity around 0.67000 zone, CADCHF is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.67000 support and resistance area. Trade safe, Joe.
It has been more than 4 months since our last analysis on the CADCHF pair (October 10 2023, see chart below), which was a sell signal that hit directly our 0.64800 Target: The current signal is no different, as the continuous rejection on the 1D MA200 (orange trend-line) since February 13, is giving a strong sell signal, which will be confirmed once the 1D...
I honestly believe that CADCHF may try to go up and re-rest the important 0.66 zone before continue on a strong downtrend despite following the strong CHF that is getting strength lately. Will keep eyes for a possible re-take of 0.66
Consider selling CADCHF based on historical seasonality trends and anticipated positive monetary policy by the 2024 Federal Reserve head. Monitor seasonal patterns, economic indicators, and central bank communications. Exercise caution, implement risk management, and seek professional advice as trading carries inherent risks.
LONG TIME TRADE warning . I do not know the unseen. This analysis may be correct or it may be wrong. Please be wise
CADCHF resistance zone! Looking for short position here and for price to drop to the next support zone!
Hey Traders, in the coming week we are monitoring CADCHF for a buying opportunity around 0.64700 zone, CADCHF was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.64700 support and resistance area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring CADCHF for a selling opportunity around 0.64900 zone, CADCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.64900 support and resistance zone. Trade safe, Joe.
#CADCHF UPDATE Hi team, hope you are enjoying your trading journey. We are here to update our analysis about CADCHF. CADCHF is in a strong down trend and now it reach on major level of structure, where we can find a possible trade for short position after looking confirmations. Here we had two main zones where we can execute our trade, but we place entry only...
Potential divergence spotted. Looking for price to retrace a previous resistance level between 30%-50% or more. Price also may be trading sideways. Not advice. What do you think?
Potential "ABC" pattern spotted on daily. Going for 1:1 minimum. Looking for a test of B's high. Not advice. Follow for more down the line. I trade larger timeframes (Weekly, Daily).