Tag: CADCHF Analysis

CADCHF – Long signal

Earlier today I said I wasn’t doing to place a trade today, wasn’t feeling that good, but that was in the morning, I’m feeling well now, so its time to trade.

I got a signal in the CADCHF, it is trading in a very clear bullish market condition, the market retraced back and formed a significant pattern with upward pressure:

Here are the details of my order:

Entry: 0.9541
SL: 0.9486
TP: 0.9819

Trade Safe!

Raul Lopez
Forex Training

CADCHF Analysis

GBPCAD and CADCHF signals

We got two signals triggered today, we actually got three signals (another one in the USDCHF) but decided to enter only in the following pairs:
GBPCAD short signal, it is trading in a bearish market condition, it broke through an important LT support  level triggering its condition. It retraced back to the ST resistance level and formed a pattern with downward pressure:

Here are the details of my order:

Entry: 1.5715
SL: 1.5752
TP: 1.5403

CADCHF, long signal, as we have been talking about in previous posts, the CADCHF is one of the pairs that its trading in a very clear market condition, its been like this in the last few months giving us very good signals. It is trading in a clear bullish market condition, retraced back to an important ST support level and formed a significant pattern with upward pressure:

SL already moved to 0.9541 (locking in some profits).

Entry: 0.9528
Trailed SL: 0.9541
TP: 0.9819

Trade Safe!

Raul Lopez
Forex Training

CADCHF Analysis, GBPCAD Analysis

CADCHF – Here we go again…

The CADCHF is one of the crosses that is trading in a very clear market condition, and to tell you the truth, its been trading this way for months, from an important support level to the resistance level and vice versa.

It is clear that the CADCHF was rejected from an important LT support level and it is likely to continue its way up until it finds the next LT resistance level at 0.9849:

Only long opportunities are in play.

Trade Safe!

Raul Lopez
Forex Training

CADCHF Analysis

CADCHF – Short Signal

The CADCHF is trading in a very clear bearish market condition, only short opportunities are in play. If you take a look at the daily chart you’ll see it is trading in a medium term range in between 0.9849 and 0.9367.

I got my signal off the 30 minute chart:

Here are the details of my order:

Entry: 0.9532
SL:  0.9575
TP: 0.9398

Trade Safe!

Raul Lopez
Forex Training

CADCHF Analysis

CADCHF – Clear bearish market condition

The first thing that I look for before I start trading any currency pairs id how the market is trading in the long term charts to determine the market condition, I like to see clear support & resistance levels. Today, the currency pair that I like the most is the CADCHF, it has a very clear bearish market condition, it is being rejected consistently from both, the main support and resistance levels:

The short term charts confirmed this condition when it broke the support level of the short term range.

Trade Safe!

Raul Lopez
Forex Training

CADCHF Analysis

CADCHF – Looking for long opportunities

Not many traders trade the CADCHF, but as I have said before, I trade what looks good! And today, the CADCHF looks good to me.
It is trading in a very clear bullish market condition, and it is trading at a place where we could get our signal to go long:

I’ll be looking for long opportunities as long as it trades above 0.9627.

Trade Safe!

Raul Lopez
Forex Training

CADCHF Analysis