CADCHF: Ready to go?Been watching this pair for a while, I'm noticing the Swissie generally weaken against it's crosses, many look ready for a reversal to me.
CADCHF has been trading in a range, we can see daily failures at the current level which suggests to me we're about to bounce up so I'm looking for a buy on LTF's.
I first posted this idea on the 18th October, it now looks like we're about ready to go!
Chf
CADCHF: Six month Support Zone holding.CADCHF has held trading over the six month S1 Zone for the eight straight session. Obviously this turned the 4H timeframe (and below) neutral (RSI = 52.551, MACD = 0.000, ADX = 32.796), which makes for a solid bottom formation. On a wider look it appears that the original Channel Down transitioned into a Rectangle of a R1 and S1 Zone. The 1D MACD Bullish Cross will give the buy signal if formed and our target will by the LH trendline of the Channel Down (TP = 0.67850).
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USDCHF 29/10/23UC really clean trend from last week following our ranges as we thought it would, we now have another range to the upside as it stands we are looking for our swing high to be taken, if we break down we will track price as we should, this would also line up with our other bias setups for GU EU N1.
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
CAD/CHF Sell Trade: Navigating Oil Dynamics and Safe HavensAlright, let's break down this CAD/CHF sell trade. 📉
First off, if you peek at the monthly and weekly charts, you'll notice this pair's still riding the bearish wave. 📊
On the hourly chart, buyers seem to be in control and have pushed the market into overbought territory. 📈
Now, my eye's on two attractive targets: 0.65750 and 0.65000. 🎯🎯
Now, a bit of context: CAD's been on a rally lately, thanks to the surging oil demand. 🛢️ But, I've got a hunch that this momentum might not last much longer.
Why, you ask? Well, CAD's closely tied to oil, and with all the uncertainties in the world, the oil demand might waver. 🌍
And don't forget about the Swiss Franc - it's a safe haven currency, especially in turbulent times. Given the current global climate, I think it's gonna stay strong. 💪
No stop losses this time. I'm playing it cautious with small lots, about .01 for every 1000 USD.
Keep an eye out for updates! 🚀
UsdChf watch out for rejectionTechnically Uchf came back to its R zone, 4 up candles on daily so far. careful with this zone. or the uptrendline later on.
Of coz act accordingly as PA unfolds over the week.
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GBPCHF: Retest incoming, then downWe've broken out of a long-standing sideways channel to the lower side, now bouncing off support to retest the broken channel.
I'm expecting a big dump in this paid once the retest is complete, UK economy vs Swiss economy, interest yields etc, no comparison.
The Swiss has been a stand-out performer against most crosses this year, GBP has been clinging on but I think we'll drop again soon.
CHFJPY possible expansionAfter price broke previous structure with momentum, it started to consolidate forming what could be seen as something along the lines of a bullish flag or rising wedge. Price is currently above a demand zone that was left behind, with liquidity on both sides of the wedge. Price is unquestionably bullish, so it could use this demand zone with liquidity formed to expand and take out our recently formed weak swing high.
CADCHF BUY | Day Trading Analysis With Volume ProfileHello Traders, here is the full analysis.
Watch strong action at the current levels for BUY . GOOD LUCK! Great BUY opportunity CADCHF
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