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SWISS FRANC / CANADIAN DOLLAR

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CHFCAD trade ideas

CAD/CHF Bearish Continuation Setup: Flag + Rising WedgeHello guys! Let's analyze CADCHF! 1. Flag Pattern Formation Firstly, CAD/CHF formed a bearish flag pattern. The flagpole was created by the sharp drop from around 0.5820 down to 0.5730, followed by the consolidation phase. The measured move of the flag points to a target around 0.5685, which is clearly marked on your chart. 2. Descending Trendline We can also see a descending trendline drawn from the recent highs. This confirms that the dominant trend remains bearish, as sellers continue to push the price lower at each bounce. 3. Rising Wedge in Play Currently, price is trading inside a rising wedge, moving upwards from the recent low near 0.5700 up to 0.5755. This wedge hasn’t broken down yet, but if it does, it will provide a strong short opportunity. Target of the wedge breakdown: around 0.5720 Target of the flag pattern: around 0.5685 Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
Short
by melikatrader94
6
CADCHF Elliott Wave AnalysisHello friends We are witnessing the formation of a complete Elliott wave pattern on the CADCHF chart. These waves from 1 to 5 are quite distinct and you can even count their subwaves (especially the microwaves of the main wave 5). Now wave 5 is completing and moving inside a descending channel. The microwaves of wave 5 have already been completed. But after the completion of wave 5, with the breakdown of the trend line drawn above and a return to it, we can expect the price to grow to the specified support. The first resistance is 0.60500 and the second target is 0.6200. Of course, the price increase in wave 5 is always accompanied by divergence and a decrease in the slope of the chart, as you can see, the slope of wave 5 is much less than wave 3, and the divergence occurred between the main waves 5 and 3. Good luck and be profitable.
Long
by M_Gheysvandi
CAD/CHF BEARS ARE STRONG HERE|SHORT Hello, Friends! We are going short on the CAD/CHF with the target of 0.578 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ✅LIKE AND COMMENT MY IDEAS✅
Short
by EliteTradingSignals
1
Bearish reversal off major resistance?CAD/CHF is rising towards the pivot which is an overlap resistance, and could reverse to the 1st support. Pivot: 0.57794 1st Support: 0.57164 1st Resistance: 0.58228 Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
CADCHF: Trend ContinuationCADCHF continues to remain bearish as it holds below the key level on the daily timeframe. Here's a summary of my key observations over on the daily and intraday timeframes. Daily Timeframe: Price broke the key support level in early September After some sideways price action, price is currently making a bearish bar that engulfs the prior day's doji H1 Timeframe: Price broke through the ATL, which shows confluence with the downtrend EMA20 is also below EMA60, moving further apart to signal momentum is picking up Price is also below EMA20, which signals confluence with downtrend as well
Short
by FinancialGamblR
CADCHF: Trend Continues Below Daily LevelCADCHF is beginning to show confluence, which gives me an opportunity to frame my entry opportunity. Here are the key observations across the daily and H1 timeframes. Daily Timeframe: Price made a strong break below the HTL and is holding below it. Although two bullish bar formed, they did not engulf the previous bearish bar, which is a good indication that buying strengh just isn't there. H1 Timeframe: There's quite a bit of confluence on the H1 timeframe with the first being price entering and exiting the potential supply zone. In addition, price is about to cross below the ATL, which is another sign that the counter-trend move is ending. Finally, there's confluence with the moving averages where EMA20 is crossing below EMA60; price is also beginning to cross below EMA20.
Short
by FinancialGamblR