CADCHF: Important Breakout 🇨🇦🇨🇭
CADCHF broke and closed below a support line of a rising wedge pattern on a daily.
It opens up a potential for a further decline.
The price will likely continue falling soon and reach 0.5825
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Canadian Dollar / Swiss Franc
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Compare with CAD to CHF
Pair info
The Canadian Dollar vs. Swiss Franc pair is often recognized as a carry trade vehicle because of the relationship between a low yielding, safety geared currency (CHF) and a higher yielding, growth related one (CAD). The CHF is considered to be safety geared and low yielding because of its reputation as a safe harbor and haven for foreigners depositing their wealth in a foreign private banking system. The CAD is considered to be a commodity currency because of its exporting of natural resources which makes it sensitive to investors' outlooks on global economic growth.
Cadchf daily long CAD/CHF – Fundamental Analysis
CAD/CHF maintains a constructive fundamental outlook. The Canadian dollar is supported by stronger energy prices and improving economic activity, while the Swiss franc remains heavily influenced by safe-haven demand and global risk sentiment.
A stable or improving gl
Downside breakout in focus?CAD/CHF could rise towards the resistance level, which is a pullback resistance and could reverse from this level to our take profit.
Entry: 0.58738
Why we like it:
There is a pullback resistance level.
Stop loss: 0.59069
Why we like it:
There is a pullback resistance level.
Take profit: 0.58236
Bullish continuation setup?CAD/CHF is falling towards the support level, which is a pullback support and could bounce from this level to our take profit.
Entry: 0.58738
Why we like it:
There is a pullback support level.
Stop loss: 0.5838
Why we like it:
There is a pullback support level.
Take profit: 0.59155
Why we like it
50% Fib resistance ahead?CAD/CHF is rising towards the pivot, which acts as a pullback resistance that aligns with the 50% Fibonacci retracement and could reverse towards the 1st support.
Pivot: 0.58659
1st Support: 0.58232
1st Resistance: 0.59074
Disclaimer:
The opinions given above constitute general market commentary
Bearish move on CADCHFCADCHF has been on a downtrend for a long time now and that hasnt changed at all. On the daily TF i saw an OrderBlock level that price has come to and has swept the sell side liquidity and when i scaled down to the 4hrs TF i saw that price has swept the higher low of the short buy trend that moved
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently asked questions
The value of the CADCHF pair is quoted as 1 CAD per x CHF. For example, if the pair is trading at 1.50, it means it takes 1.5 CHF to buy 1 CAD.
CADCHF 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 CADCHF 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.









