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Shortcadchf

CAD/CHF taking a pit stop before the break down?We saw a MAJOR Inverse Cup and Handle on CAD/CHF. And when it broke down, we were too optimistic that downside would prevail. In the interim, a Symmetrical Triangle was forming instead. The prior trend was down, the Symmetrical Triangle is sideways, and it would be wrong to say the price is going to just break down. By probability yes, the price does tend to break below according to the prior trend. But if CAD picks up, it could very well break up. We just have to wait for the APEX and then the break up or down. My bet and according to the analysis, remains DOWN. Let's see how it plays. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by Timonrosso
Major downside for Canada thanks to Tariffs, oil and InterestWith Tariffs on pause for 90 days EXCLUDING Canada, Mexico and China - This is going to have a major negative effect on the Canadian Dollar. We are already seeing it come down and the news gets worse, because Tariffs are just one thing fuelling this fire. Others include: 1. Oil's Looking Weak 🛢️📉 Since Canada’s economy is tightly linked to oil exports, the recent softness in crude oil prices could drag CAD down, making CADCHF more likely to dip. 2. Swissy’s Flexing Safe Haven Muscles 💪🇨🇭 When global uncertainty rises (think geopolitical tensions or shaky equities), traders usually flock to the Swiss Franc for safety — pushing CHF higher and pressuring the pair. 3. BoC’s Dovish Leaning 📉🏦 The Bank of Canada has been hinting at potential rate cuts or at least staying cautious, while Switzerland isn’t exactly rushing to ease — that’s a recipe for CAD weakness. 4. Risk-Off Vibes Across Markets ⚠️📊 If markets stay nervous — like during global slowdown fears or recession talks — CAD typically suffers since it’s more “risk-on” while CHF benefits. And as per above, the technicals are looking shocking too. Inverse Cup and Handle Price <20 and 200 Target 0.5768 Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by Timonrosso
1
CAD / CHF !! trendline - SELL NOW⭐️ Smart investment, Strong finance ⭐️ Personal comments NOVA: Trendline H1 formed - there was not much important data at the beginning of the week. DOWN trend - bears prevail ⭐️ SET UP CAD/CHF PRICE: 🔥SELL zone: 0.65550 - 0.65750 SL 0.66000 TP1: 0.65200 TP2: 0.64900 TP3: 0.64600 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
Short
by Nova-Scalper
14
CAD/CHF carnage not over yet next target 0.6050The currency pair has been falling since 6 June 2023... It's gone on a strong downtrend channel, which has not been good for the Canadian Dollar. Lately it's formed not one but TWO bearish chart patterns. M Formation and Inv C&H And the price has broken below both the neckline and brim level. This means, there is more downside to come with a target of 0.6050. Other indicators confirm the bearish momentum 200>21>7 - Bear market RSI<50 Target 0.6050
Short
by Timonrosso
CAD/CHF 4H Technical reasons for shortingWe can get a short selling trade from (0.75500 - 0.75600) zone TP1: 0.74650 TP2: 0.74100 SL : 0.76380 This is not an investment recommendation or any call to buy or sell It is just an analysis based on a study of the history of price action Behavior , that may not be a necessarily reason for the success of the structure or repetition. So please make your decision based on your vision . To protect capital and manage your deals and trading successfully the maximum loss in each transaction for the same currency or commodity in the same direction should not exceed ( 2% ) of the capital . Good luck
Short
by Golden_Spiral
2