CAD/CHF Technical Analysis – Bullish Reversal from Key Support ZCAD/CHF Technical Analysis – Bullish Reversal from Key Support Zone 🟢📈
📅 Date: June 1, 2025
📊 Pair: CAD/CHF
🕰️ Timeframe: Daily (D1)
📌 Key Observations:
🟩 Strong Support Zone (0.5900 - 0.5950):
Price has consistently respected this demand zone since early May.
Multiple bullish rejections (green arrows) indicate strong buying interest.
📉 Previous Downtrend:
The market was in a clear bearish trend from February through April, forming lower highs and lower lows (red arrows mark swing highs).
🔁 Consolidation Phase:
Price has been ranging sideways for several weeks around the 0.5950 area, forming a base of accumulation.
📈 Bullish Scenario & Target Zones:
💥 A bullish breakout appears likely from the consolidation zone.
🚀 Upside Targets:
0.60546 – First minor resistance & potential take-profit level 🟠
0.61160 – Intermediate resistance and previous structural level 🟠
0.62112 – Major resistance and final bullish target for this swing 🟠
📈 Projection Path: The chart outlines a stair-step bullish structure with higher highs and higher lows, showing a probable path to 0.62112.
🧠 Conclusion:
CAD/CHF is showing signs of bullish reversal from a well-defined support zone. As long as price holds above 0.5950, we expect progressive upward movement toward the 0.6210 zone. Traders should monitor for bullish breakouts and potential confirmations with volume or candlestick patterns. 🔍📊
📌 Risk Management Tip:
Always use stop-loss below the support zone (~0.5900) and adjust positions as targets are reached.
Cadchfshort
💡Don't miss the great sell opportunity in CADCHFTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (0.7795).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. CADCHF is in a range bound, and the beginning of a downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 48.
Take Profits:
TP1= @ 0.7711
TP2= @ 0.7661
TP3= @ 0.7617
TP4= @ 0.7564
TP5= @ 0.7470
TP6= @ 0.7365
SL: Break Above R2
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💡Don't miss the great sell opportunity in CADCHFTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (0.7466).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. CADCHF is in a range bound, and the beginning of a downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 43.
Take Profits:
TP1= @ 0.7431
TP2= @ 0.7416
TP3= @ 0.7397
TP4= @ 0.7377
TP5= @ 0.7362
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great sell opportunity in CADCHFTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (0.7465).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. CADCHF is in a downtrend, and the continuation of the downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 36.
Take Profits:
TP1= @ 0.7415
TP2= @ 0.7395
TP3= @ 0.7378
TP4= @ 0.7355
TP5= @ 0.7310
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
CADCHF ANALYSIS!!!This pair closed at a good level on the daily chart with an indication that you can take a long position in this pair if this happens...
At this position, we have to see the market reaction. If we see a daily close as a bullish candle then we will be taking a long here but we have to see if this support holds.
If it holds, then we can take long to our initial target of 0.71125(Target 1) and final target will be 0.72400
ADX also, still bullish biased but a confirmation for uptrend is needed here.