CADCHF: Two Equal Legs, One Trendline Retest — Target 0.5990Hook:
CADCHF's last two rally legs measured almost the exact same distance — and projecting that same distance from here lands within a few pips of the 0.5990 target.
Market Context:
FX:CADCHF is holding a clean Higher-High/Higher-Low staircase along an ascending trendline. Price has pulled b
SWISS FRANC / CANADIAN DOLLAR
No trades
No trades
Compare with CHF to CAD
Bearish reversal setup?CAD/CHF is rising toward the resistance level, which is a pullback resistance and could reverse from this level to our take profit.
Entry: 0.58327
Why we like it:
There is a pullback resistance level.
Stop loss: 0.58868
Why we like it:
There is a pullback resistance level.
Take profit: 0.57754
Wh
Bearish reversal setup?CAD/CHF is rising toward the pivot and could reverse toward the 1st support, which is a pullback support.
Pivot: 0.58548
1st Support: 0.58199
1st Resistance: 0.58869
Disclaimer:
The opinions given above constitute general market commentary and do not constitute the opinion or advice of IC Market
CADCHF: Short Trade with Entry/SL/TP
CADCHF
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short CADCHF
Entry Point - 0.5848
Stop Loss - 0.5853
Take Profit -0.5838
Our Risk - 1%
Start protection of your profits from lower levels
Disclosure: I am part of Trade Nation's Influencer
CADCHF Long Technical Context:
Liquidity Sweep & CHOCH: Price swept recent lows near the HTF Lazy Trader CHOCH Demand zone around 0.58296–0.58319, followed by a strong displacement up creating a bullish Change of Character (CHOCH).
Demand Zone Mitigation: After forming a internal Break of Structure (BOS),
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
Oscillators
Neutral
Summary
Neutral
Summary
Neutral
Summary
Neutral
Moving Averages
Neutral
Moving Averages
Neutral
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently asked questions
The current rate of CHFCAD is 1.7163 CAD — it has increased by 0.36% in the past 24 hours. See more of CHFCAD rate dynamics on the detailed chart.
The value of the CHFCAD pair is quoted as 1 CHF per x CAD. For example, if the pair is trading at 1.50, it means it takes 1.5 CAD to buy 1 CHF.
The term volatility describes the risk related to the changes in an asset's value. CHFCAD has the volatility rating of 0.57%. Track all currencies' changes with our live Forex Heatmap and prepare for markets volatility.
The CHFCAD showed a 0.33% rise over the past week, the month change is a 0.73% rise, and over the last year it has decreased by −1.22%. Track live rate changes on the CHFCAD chart.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
CHFCAD 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 CHFCAD 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.
When deciding to buy or sell currency one should keep in mind many factors including current geopolitical situation, interest rates, and other. But before plunging into a deep research, you can start with CHFCAD technical analysis. The technical rating for the pair is buy today, but don't forget that markets can be very unstable, so don't stop here. According to our 1 week rating the CHFCAD shows the sell signal, and 1 month rating is buy. See more of CHFCAD technicals for a more comprehensive analysis.









