Canadian Dollar / Swiss Franc
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CADCHF: Still Bullish But It Moves Like a TurtleCADCHF: Still Bullish But It Moves Like a Turtle
CADCHF tested the support area near 0.5790 and the price bounced back.
CADCHF is currently moving higher for days, indicating increasing bullish momentum.
The only problem we have had for a long time is that CADCHF is moving very slowly, so it may take a long time to grow.
It remains clear that the big trade is still in the growth.
Considering the way it is moving, this is more of a trade for long-term investors who are also benefiting from
CADCHF Will Go Lower From Resistance! Sell!
Here is our detailed technical review for CADCHF.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 0.589.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.587 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refer
CADCHF: Fourth Knock on the September Ceiling. Buy the Retest?CADCHF is knocking on the September ceiling for the fourth time.
The 16 September spike topped out at 0.5908. Friday stalled at 0.5901, Monday tagged 0.5908 again, and this morning it's sat right under it around 0.5906.
Every pullback in between has been bought a little higher. So the question is simple: does it finally break, and is the retest the buy?
As always, I start top-down: monthly and weekly for the bigger picture, daily and 4H for the zone, then the 1H and 30m for the entry.
Monthl
CAD/CHF: Breakout, Pullback and a Potential RecoveryFX_IDC:CADCHF CAD/CHF is showing signs of a possible trend reversal, although the broader Weekly structure remains bearish.
The recent price action suggests that the selling pressure may be weakening, but confirmation is still needed.
View the Weekly chart
On the Daily chart, price has broken above an important resistance zone that had rejected it several times in the past. This area is now acting as a potential support zone, and price has already pulled back toward it.
However, I still ha
Bullish continuation setup?CAD/CHF has bounced off the pivot, which acts as a pullback support, and could rise toward the pullback resistance.
Pivot: 0.59079
1st Support: 0.58869
1st Resistance: 0.59426
Disclaimer:
The opinions given above 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
CADCHF Bullish Breakout!
HI,Traders !
#CADCHF is trading in a
Local uptrend and the pair
Made a nice bullish breakout
Of the key horizontal level
Of 0.58776 which is now
A support and the breakout
Is confirmed so we are
Locally bullish biased and
We will be expecting a
Further bullish move up !
Comment and subscribe to help us grow !
CADCHF SHORTsMarket structure bearish on HTFs 3
Entry at both Weekly And Daily AOi
Weekly rejection at AOi
Daily Rejection at AOi
Daily EMA retest
Previous Daily Structure Point
Around Psychological Level 0.58500
Touching EMA H4
H4 Candlestick rejection
Rejection from Previous structure
TP: WHO KNOWS!
Entry 115%
REMEMBER : Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Christ is King
CAD-CHF Pullback Expected! Sell!
Hello,Traders!
CADCHF is set to retest the horizontal supply area near 0.5875 where seller defense could stall the rally and spark a bearish correction toward 0.5861 as new selling pressure develops. Time Frame 5H.
Sell!
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Check out other forecasts below too!
CADCHF Will Go Down From Resistance! Sell!
Take a look at our analysis for CADCHF.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 0.590.
Considering the today's price action, probabilities will be high to see a movement to 0.588.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Like and subscribe and comment my ideas if y
Potential bullish rise?CAD/CHF could fall toward the pivot, which acts as a pullback support, and could bounce toward the 1st resistance, which is also a pullback resistance.
Pivot: 0.58785
1st Support: 0.58446
1st Resistance: 0.59204
Disclaimer:
The opinions given above 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 containe
CADCHF Long | Bullish Shift & Liquidity Above Previous HighsCADCHF is shifting from bearish to bullish, with significant liquidity resting above the previous highs.
Price action is showing higher lows and a break of the bearish trendline, suggesting buyers are gaining control.
The current supply zone could be taken out, potentially paving the way for a new high and the formation of fresh demand zones in the short term.
CADCHF SHORTMarket structure bearish on HTFs 3
Entry at both Weekly and Daily AOi
Weekly Rejection at AOi
Weekly Previous Structure Point
Daily Rejection at AOi
Previous Daily Structure Point
Daily EMA Retest
Around Psychological Level 0.58500
Touching EMA H4
H4 Candlestick rejection
Rejection from Previous structure
TP: WHO KNOWS!
Entry 125%
REMEMBER : Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Christ is King
CADCHF Is Bearish! Sell!
Please, check our technical outlook for CADCHF.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 0.584.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.580 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally
Falling towards pullback support?CAD/CHF is falling toward the pivot, which has been identified as a pullback support and could bounce toward the 1st resistance.
Pivot: 0.58457
1st Support: 0.58306
1st Resistance: 0.58653
Disclaimer:
The opinions given above 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 p























