CAD/CHF – Bullish Channel in PlayCAD/CHF – Bullish Channel in Play
Price is moving inside a rising channel, showing a clear bullish trend.
The pair is expected to rise further to the first target area at 1.6840.
If the momentum continues, the next possible target is 0.6850.
As long as price stays within the channel, the bias r
About CAD/CHF
The Canadian Dollar vs. Swiss Franc pair is often recognized as a carry trade vehicle because of the relationship between a low yielding, safety geared currency (CHF) and a higher yielding, growth related one (CAD). The CHF is considered to be safety geared and low yielding because of its reputation as a safe harbor and haven for foreigners depositing their wealth in a foreign private banking system. The CAD is considered to be a commodity currency because of its exporting of natural resources which makes it sensitive to investors' outlooks on global economic growth.
Related currencies
CADCHF: Short Signal Explained
CADCHF
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell CADCHF
Entry - 0.5835
Stop - 0.5840
Take - 0.5825
Our Risk - 1%
Start protection of your profits from lower levels
Disclosure: I am part of Trade Nation's Influencer program and receive a month
CADCHF 8H TECHNICAL ANALYSISOVERALL TREND
📈 Short-term bullish momentum
— price bouncing from support with upside potential toward resistance.
🎯 ENTRIES
🟢 Buy Limit: 0.5830
🟢 Buy Stop: 0.5835
🎯 TARGETS (TAKE PROFIT)
💰 TP 1: 0.5860 (short-term target)
💰 TP 2: 0.5899 (major resistance)
🔴 STOP LOSS
🔻 SL: 0.5810
📊
Bullish rise?CAD/CHF has broken out of the pivot and could rise to the 1st resistance.
Pivot: 0.58239
1st Support: 0.57827
1st Resistance: 0.58631
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 C
CADCHF (SWING) - BEARISH TRADE IDEAHi there,
Currently price has been printing bullish daily candles, however, I still expect more bearish movement in CADCHF to continue the bearish price expansion lower.
I'd like to see price trade to my zone of interest and I'd wait to see how the lower timeframe candles will print inside the zon
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The value of the CADCHF pair is quoted as 1 CAD per x CHF. For example, if the pair is trading at 1.50, it means it takes 1.5 CHF to buy 1 CAD.
CADCHF is a minor currency pair, i.e. a popular pair that is not associated with USD. Such pairs are also called cross currency pairs.
Currencies are usually traded through forex brokers — choose the one that suits your needs and go ahead. You can trade CADCHF right from TradingView charts — just log in to you broker account. Check out the list of our integrated brokers and find the best one for your needs and strategy.