Our analysis is based on multi-timeframe top-down analysis & fundamental analysis
Based on our view the price will rise to the monthly level
DISCLAIMER: This analysis can change anytime without notice and it's only for the purpose of assisting traders to make independent investments decisions. Please this is a PREDICTION and I have no reason to acts on it and...
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...
OANDA:CADCHF Long trade Setup. Currently making new HH and HLs on daily Time frame. Pair formed inverse H & S on hourly TF and after DIvergence making new HH. buy @ CMP or at retest of neckline support. TPs and SL marked
CADCHF is trading in falling wedge pattern. The price was reacting well the support and resistance of wedge.
Currently the price has given the massive breakout from falling wedge and after successful retest of the level will be bullish signal and seems like the price may go for another leg higher.
If the breakout sustain to upside the optimum target could be...
CADCHF,when you see a price rallying toward a certain price point, which is opposite to the trend which is bearish, we call it retracement since the price is trying to fill or revisit to its unfinished business, and this is what is happening
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Price has broken our supply zone, turn into demand zone and from the current price level i will want to see a retracement to the demand zone to open long position.
Hello traders, welcome back to another market breakdown.
CADCHF has been trading around a Key Macro level. The bulls seem to be reclaiming a KEY Macro level many times which is a bullish signal. I'm waiting for the price to pull-back to the previous S/R zone.
Trade safely,
Trader Leo.
In daily timeframe, the CAD/CHF is showing clear divergency in SlowStoch, company with RSI with same timing, both in over sold level and turned to North.
The price has touched the long term down trend bottom line, it could retrace to the down trend top line area on Feb 26.
Stop if the price break down the down trend channel bottom line level.
Similar long trade...
Hello Traders !
The CADCHF Price Failed To Break The Resistance Level (0.66700 - 0.66890).
The Price Formed a Rising Wedge Pattern.
The Support Line is Broken !
So, I Predict a Bearish Move 📉
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TARGET: 0.66020🎯
CAD/CHF has a great uptrend on the 4H timeframe as we can see.
Waiting to see what the price does around the 0.66000 area.
Potential buys if it bounces back and respects the trendline, if not, will wait for a break and retest of the level.
There is a break on our resistance level. i expect the price to experience the retracement phase to the breakout point and from here we cloud see price moving upside.
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.
The chart indicates that the CAD/CHF currency pair may be heading for a retracement starting around the 0.6610 level. This area is significant because it coincides with the 0.5 Fibonacci level where previously we saw a sharp price increase, suggesting it's a strong order block level. The trend from 0.6463 to 0.6720 shows strong bullish momentum. Both the Fibonacci...
Weekly timeframe
- Bullish -68 fib completion
- Bearish indicational candle
- Bearish supply and demand zone
Daily timeframe
- Head and shoulders + bearish fake-out flag
- Trading back below that shoulder 1 region
4H timeframe
- Head and shoulders
- Entry is placed a little higher to respect my minimum RR of 3.45 to the daily TP
Hello,Friends!
CAD/CHF pair is in the uptrend because previous week’s candle is green, while the price is evidently falling on the 1H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 0.666 because the pair is oversold due to its proximity to the lower BB band and a bullish correction is...
