Get started

SWISS FRANC / CANADIAN DOLLAR

No trades
See on Supercharts
Overview
Ideas
Discussions Technicals Seasonals Economic Calendar

CHFCAD trade ideas

#017 DCA CADCHF SELLReversing my gears. Shorting CADCHF now since price is in a range currently. I first thought of shorting CADCHF when I was browsing through my watchlist. But I decided to place my Sell Market on the Hourly for added confirmation because the Hourly Time Frame looks cleaner. Actually the Time Frame doesn't matter. I draw the ratio ruler on Hourly because as mentioned, price looks cleaner on the Hourly. Just going for a swing. Haven't decided on Sell Limit orders yet. Shall see, also. 2013SGT 02122024
Short
by ProfessionalDuckHunter
3
CAD/CHF Resistance with Fair Volume GapOnCAD/CHF , it's nice to see a strong sell-off from the price of 0.63320. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated. I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again. Fair Volume GAP (FVG) and high volume cluster are the main reasons for my decision to go short on this trade. Happy trading, Dale
by Trader_Dale
#011 DCA CADCHF BuyI looked at the Daily Time Frame and it was a mess! However, when I zoomed down to the 4H, then 1H and 15Minutes, I saw that even though there were gap, price is generally still trending. Especially when I plotted the 60SMA, and on some charts, the 1020EMA. I bought the CADCHF because price retraced back to the 60SMA on the 15 Minutes Time Frame. I placed two orders. The first is the market buy, and second, a limit buy order for if price collapses lower, I could do a recovery and still cop a profit when the first position goes back to breakeven. If price goes beyond the 2nd order, I will have to look into how I could recover from the drawdown. That's all for now and that's all for CADCHF. I'll be posting on the GBPUSD trade in the next entry. 1130SGT 25112024 Add : I am buying into the oversold as seen on the stochastic 20,1,1.
Long
by ProfessionalDuckHunter
1
CAD/CHF is ready for a Bullish Rally!Based on the given analysis of CAD/CHF on the daily timeframe, the chart indicates that accumulation has nearly concluded, setting the stage for a potential bullish rally. The price action reflects a bullish structure, as it hovers near significant Fibonacci levels within a consolidation zone. Additionally, while a bearish Change of Character (ChoCh) has been observed in the SXY, suggesting room for a further drop to its support area, the CXY aligns with bullish divergence on the daily timeframe. These technical factors collectively signal favorable conditions for an upward movement, making CAD/CHF an appealing candidate for a bullish trade setup.
Long
by ARSLAN_SHAHID
CADCHF The Target Is UP! BUY! My dear followers, This is my opinion on the CADCHF next move: The asset is approaching an important pivot point 0.6273 Bias - Bullish Safe Stop Loss - 0.6249 Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 0.6318 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
CAD/CHF: Sellers Press for Control Amid Economic DivergenceMarket Overview On Wednesday, 27th November 2024, CAD/CHF found itself under significant bearish pressure, primarily driven by contrasting economic developments in Canada and Switzerland. Technical Analysis From a technical perspective, the daily chart of CAD/CHF reveals bearish momentum taking over after price bounced off a mid-term descending trendline. Price touched this trendline, met selling pressure, and subsequently pulled back from the resistance area of 0.64064, which coincided with the trendline. Furthermore, today's price action broke below the previous support level at 0.62851, indicating a continuation of the downward momentum. This breach weakened a critical support level, paving the way for additional downside. The next downside target for CAD/CHF stands at 0.62521, which serves as the first immediate support. If bearish pressure persists and this level is broken, subsequent targets are 0.62349 and 0.62101. A potential reversal scenario would be validated if the price recovers and sustains above the 0.63314 mark, which coincides with the 61.8% Fibonacci retracement level.
Short
by Errante
CADCHF BUY1. Strong Economic Indicators for Canada GDP Growth and Employment: The Canadian economy shows stable growth, with strong macroeconomic data like GDP and low unemployment supporting demand for the CAD. Impact of Oil Prices: As a major oil exporter, the CAD is highly correlated with oil prices. When oil prices rise, the Canadian dollar typically appreciates, driving economic growth in Canada. 2. Technical Indicators for an Uptrend Support on the Daily Chart: CAD/CHF may be at or near a strong support level, indicating a possible reversal and continuation of an uptrend. Buy Signals from Indicators: Technical tools like RSI, MACD, and Bollinger Bands may signal an oversold zone with potential for an uptrend, which can be confirmed on platforms like TradingView. 3. Bank of Canada Policy Compared to the Swiss National Bank Higher Interest Rates in Canada: The Bank of Canada’s rate-hiking policy supports the Canadian dollar, making it more attractive compared to currencies like the Swiss franc. Weak Position of CHF: The Swiss National Bank traditionally maintains low-interest rates to keep the franc weak, especially when global markets are stable and there is less demand for safe-haven assets. 4. Stronger Risk Appetite in Global Markets Less Demand for CHF as a "Safe-Haven": Under positive global economic conditions, the Swiss franc loses its appeal as a safe asset, creating an opportunity for CAD to appreciate against CHF. Higher Interest in Higher-Yielding Assets: Due to Switzerland’s low-rate policies and lower returns, CHF may be less attractive when there’s increased interest in higher-yielding currencies like CAD. Conclusion Buying CAD/CHF can be justified by Canada’s positive economic indicators, technical signals for a potential uptrend, and the differences in the interest rate policies of the two central banks.
Long
by ForexCompany
1
CADCHF BUY1. Strong Economic Indicators for Canada GDP Growth and Employment: The Canadian economy shows stable growth, with strong macroeconomic data like GDP and low unemployment supporting demand for the CAD. Impact of Oil Prices: As a major oil exporter, the CAD is highly correlated with oil prices. When oil prices rise, the Canadian dollar typically appreciates, driving economic growth in Canada. 2. Technical Indicators for an Uptrend Support on the Daily Chart: CAD/CHF may be at or near a strong support level, indicating a possible reversal and continuation of an uptrend. Buy Signals from Indicators: Technical tools like RSI, MACD, and Bollinger Bands may signal an oversold zone with potential for an uptrend, which can be confirmed on platforms like TradingView. 3. Bank of Canada Policy Compared to the Swiss National Bank Higher Interest Rates in Canada: The Bank of Canada’s rate-hiking policy supports the Canadian dollar, making it more attractive compared to currencies like the Swiss franc. Weak Position of CHF: The Swiss National Bank traditionally maintains low-interest rates to keep the franc weak, especially when global markets are stable and there is less demand for safe-haven assets. 4. Stronger Risk Appetite in Global Markets Less Demand for CHF as a "Safe-Haven": Under positive global economic conditions, the Swiss franc loses its appeal as a safe asset, creating an opportunity for CAD to appreciate against CHF. Higher Interest in Higher-Yielding Assets: Due to Switzerland’s low-rate policies and lower returns, CHF may be less attractive when there’s increased interest in higher-yielding currencies like CAD. Conclusion Buying CAD/CHF can be justified by Canada’s positive economic indicators, technical signals for a potential uptrend, and the differences in the interest rate policies of the two central banks.
Long
by ForexCompany