Trade ideas
Don't miss the great sell opportunity in CADCHFTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.7488). 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 downtrend is expected.
. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
. The RSI is at 35.
Take Profits:
TP1= @ 0.74300
TP2= @ 0.73800
TP3= @ 0.72700
SL: Break Above R2
CADCHF market down head and shoulder pattern formmarket going to down target 1 -- 0.74972
target 2 -- 0.74532
Now Short Position for CADCHF Price bounced from upper level. After this supply area first destination of the price is previous demand area.
Don't miss the great buy opportunity in CADCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.7460). 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 uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 52.
Take Profits:
TP1= @ 0.7515
TP2= @ 0.7560
TP3= @ 0.7610
SL= Break below S2
Don't miss the great buy opportunity in CADCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.7315). 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 uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 55.
Take Profits:
TP1= @ 0.7425
TP2= @ 0.7475
TP3= @ 0.7630
SL= Break below S2
Don't miss the great buy opportunity in CADCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.74917). 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 uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 71.
Take Profits:
TP1= @ 0.76150
TP2= @ 0.77145
TP3= @ 0.78658
SL= @ 0.73500
CADCHF likely to touch the 0.7400 supportThe pair has been moving in a falling channel pattern for half a month. The prices have completed the re - test of the upper ceiling at 0.74703 and has started to move towards the south, creating an opportunity to short the pair. The expected target for it to reach is, initially at the centre of the channel at 0.73998 (centre line shown by the dotted line). If the prices sustain below this level as well, we might be headed for the next support of 0.73500. The stop loss for the trade will be at 0.7500.
CAD/CHF Technical analysisCAD/CHF has bounced sharply to the highs of 0.75969.
It consolidated in the highs with a flat correction.
The MACD indicator moved into the sell zone owing to correction but has now reversed to the buy zone.
We expect the pair to higher and trade with positive bias from here, however, the counter might find support at the trendlines which we indicated in the chart and then can bounce too.
So, traders can trade according to their plan and the pair is exhibiting strong bullish momentum for the day.
CAD/CHF Technical analysisA triangle formation has formed in the counter, in the short term.
The price has bounced from the trendline sharply and is consolidating.
Hence, we expect the pair to reach the resistive trendline.
buy cad/chf buy cad/chf.
for stoploss and take profit look at the scale axis on the chart in red and green.
