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Cadchflong

CADCHF - Bullish BiasCAD - BULLISH 1️⃣ The Bank of Canada (BoC) held its interest rate unchanged at 0.25% during the April meeting, as widely expected, however, the bank said it will adjust weekly net purchases of Government of Canada bonds to a target of CAD 3 billion from CAD 4 billion, effective the week of April 26. 2️⃣ Canada has continued to step up its mass vaccination programme, which may help the country emerge from the current health crisis earlier. 3️⃣ Canadian retail sales jumped 4.8% in February of 2021, above market expectations of a 4% rise. 4️⃣ Rallied oil prices underpinned the CAD. CHF - BEARISH 1️⃣ The CHF undermined by higher US Treasury yields. ===== Technical ===== - We are looking to buy the CADCHF at support on the M15 chart. This is short term trading strategy from Monsun Asia. - Risk reward ratio is 2:1. ===== Risk to this trade ===== Any change in sentiment could turn the pair's direction.
Long
by MonsunAsia
CADCHF | Dow - Keltner - RSI - Stochastic - ADX 1 April 20211. Identify the trend * On the chart: a. Part of Dow theory: multi-trades active at the impulse waves. Uptrend trend: - HH / Higher High: The following peak is higher than the previous one. - HL / Higher Low: The back bottom is higher than the previous one. Downtrend: - LL / Lower Low: The back bottom is lower than the previous one. - LH / Lower High: The posterior peak is lower than the previous one b. Keltner price channel: - Uptrend: Go above Upper 2 - Downtrend: Down to Lower 2 * Under Chart: Stochastic indicator: 21 past candles - Uptrend: Index K and D surpass 80 - Buy zone: Index D is large 80. ---------------------------- - Downward trend: K and D indexes go down to 20. - Sell zone: Index D is less than 20. RSI indicator: 21 past candles - Uptrend: value exceeds 80. - Downward trend: value exceeds 20. ADX indicator: Used to identify a strong trend - ADX smooth: 9 - DI: 9 2. Entry point: - Buy: wait to buy on the Upper Keltner channel. - Sell: wait for sell at the Lower Keltner channel. 3. Take profit, stoploss ATR indicator (20) ( Average true range ) * 2
Long
by dinhchien
CADCHF facing bullish pressure | 31 Mar 2021Prices are facing bullish pressure from ascending trendline support and horizontal swing low support which is in line with 78.6% Fibonacci extension and 61.8% Fibonacci retracement . Prices might push up towards 1st resistance which is in line with 78.6% Fibonacci extension and horizontal swing high resistance. If price pushes down lower, it might take support on 2nd support which is in line with 127.2% Fibonacci extension and 78.6% Fibonacci retracement . Ichimoku cloud is also below prices, showing a bullish pressure for prices.
Long
by FXCM
CADCHF facing bullish pressure, potential for further upside!Prices are facing bullish pressure from ascending trendline support and horizontal swing low support which is in line with 78.6% Fibonacci extension and 61.8% Fibonacci retracement. Prices might push up towards 1st resistance which is in line with 78.6% Fibonacci extension and horizontal swing high resistance. If price pushes down lower, it might take support on 2nd support which is in line with 127.2% Fibonacci extension and 78.6% Fibonacci retracement. Ichimoku cloud is also below prices, showing a bullish pressure for prices.
by TradeGATEHub
CADCHF - Bullish BiasCAD - BULLISH 1️⃣ Upbeat labour market data, which supported expectations that the Bank of Canada would reduce quantitative easing purchases next month. 2️⃣ The unemployment rate fell to 8.2%, the lowest rate in 11 months and the economy created 259K jobs, considerably higher than market expectations of 75K jobs. CHF - BEARISH 1️⃣ Expectations of a robust economic revival fueled by the rapid rollout of vaccines and additional fiscal spending raised investors’ appetite for riskier assets. ===== Technical ===== We are looking to buy the CADCHF at support + above SMA 50 on the H1 chart. ===== Risk to this trade ===== Any change in sentiment could turn the pair's direction.
Long
by MonsunAsia
CADCHF testing 1st support, potential for further rise!Price is testing the 1st support, which is in line with our 38.2% Fibonacci retracement and 61.8% Fibonacci extension. We could potentially see a bounce and a further rise up to our 1st resistance, which is in line with our 50% and 161.8% Fibonacci extension levels, as well as our horizontal swing high resistance. It is worth noting that price continues to hold above both the ascending trendline and moving average support. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by TradeGATEHub
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