Tag: CADCHF Analysis

3 trade opportunities you dont want to miss

Forex Currencies

Hey we have plenty of fundamental announcements coming up this week. Just to name a few:

Monday (yesterday): AUD interest rate

Wednesday: JPY interest rate

Thursday: GBP and EUR interest rate

Friday: USD Non-farm payrolls, CAD unemployment report

Pretty busy isn’t it?

You know how I handle them, I’ve wrote about it a few weeks ago, what I can say is that I’m just going to trade what I see on the charts, I’m not going to get biased on what I think the market will do based on fundamental announcements, etc.

Do you agree with me?

AUDUSD Analysis, CADCHF Analysis, forex, GBPAUD Analysis

Continue reading

This is my favorite currency pair right now

When I do my analysis every morning, I come up with my best currency pairs to trade for the day. And some days, I come up with my favorite one.

And today, my favorite cross is the CADCHF, mostly because of the way it is trading in the long term charts (which makes me feel comfortable taking trade in the short term charts), as clear as the water.

Pull up your daily chart and take a look at it:

CADCHF

CADCHF Analysis, forex

Continue reading

Do you leave your trades open over the weekend?

It’s a difficult decision because you never know what could happen over the weekend, most important (unscheduled) announcements are released on Friday or Saturday, when the market are closed, this way the impact on the markets on Monday its much smaller than it would be if it was released on a weekday.

I guess it all depends on your trading style. There is no question, scalpers and short term traders should close every trade before the market close on Friday, it doesn’t matter if you are in a loss.

But longer term traders (such as swing traders, position traders, etc) sometimes need to give more time to the market to hit their take profit order, therefore leaving trades open over the weekend is a must.

So I have a rule, If I’m on green on any trade and able to move my SL at least to the breakeven level, I leave them open.

This is the case of a short I have on the CADCHF:

I have my TP order at 0.7297, around 700+ pips away from where it is currently trading (0.8011). No way I’m going to close it today, I’m just going to wait, move my SL close to the BE level and done, wait for Monday and see what happens.

Have a great weekend!

Raul Lopez
Forex Training
Follow me on Facebook

CADCHF Analysis, forex, trading

GBPCHF, EURCHF, CADCHF and USDCHF bearish

All these crosses are trading in a very clear bearish market condition, and I will be looking for short opportunities and all of them. But you need to remember something, all of them have a degree of correlation, so although I’m looking for trade opportunities on all of them, I will only trade one.

What happens if I take a trade on two of them? I’m likely to get the same result on both of them, and I wouldn’t mind if the market goes on my favor, but what would happen if the market goes against you? I’ll be risking more than I’d like to on a single currency.

That’s the reason I recommend to trade only one of them!

Are you trading these crosses?

Trade Safe!

Raul Lopez
Forex Training

CADCHF Analysis, EURCHF Analysis, GBPCHF analysis, USDCHF analysis

CADCHF – Bullish condition

Yesterday the CADCHF was trading pretty close to an important LT level, it formed a range in the short term charts, as it usually does when the market traders close to the LT levels. But earlier this morning the CADCHF broke through the ST resistance level triggering a bullish market condition:

As long as it trades above 0.8560 I’ll keep looking for long opportunities.

The next LT resistance level is at 0.8895

Trade Safe!

Raul Lopez
Forex Training

CADCHF Analysis

CADCHF – Still Bearish

The CADCHF is still in a very clear bearish market condition, in fact, this is one of the currency crosses that I like the most today:

The next LT support level (all TP orders should be placed above this level) is around: 0.9011

I’ll keep looking for short opportunities

Trade Safe!

Raul Lopez
Forex Training

CADCHF Analysis

CADCHF – Very clear bearish condition

The CADCHF is trading in a very clear bearish market condition. In the last few months the CADCHF has been trading smoothly from one important level to the other, for some reason I feel really confident when I trade this cross:

Only short opportunities are in play. The next LT resistance level is at 0.9011

Trade Safe!

Raul Lopez
Forex Training

CADCHF Analysis

CHFJPY and CADCHF Trade update

The CHFJPY trade was closed yesterday a few hours before the JPY interest rate announcement. I closed it with a loss of 11 pips.
I’m still holding my CADCHF trade, haven’t been able to move my SL order because it is still trading in the range I originally took my trade off:

This trade has been smashed by the announcement, first the CHF CPI, and today the 7.4 earthquake in Japan, luckily it has been rejected from the ST support around 0.9525

Trade Safe!

Raul Lopez
Forex Training

CADCHF Analysis, CHFJPY Analysis