Cad/Chf

Cad/Chf

CAD/CHF 4H Chart: Sell signals
The Canadian Dollar has been trading sideways against the Swiss Franc in a descending channel pattern since last week's trading sessions.
The exchange rate is currently trading near the upper boundary of the descending channel pattern at 0.7453.

Candlestick charts are the most common chart types used by retail traders and investors. There are many other types of charts such as line charts, bar charts etc., but they don’t tell the story of past price action like candlestick indicator patterns do. When active trading is based solely upon technical analysis, projecting future price action is rooted in how the price has behaved in the past.

Candlestick analysis is a very useful form of technical analysis. It works almost perfectly in volatile times but also functions adequately in less volatile times. All in all, candlesticks, as well as candlestick trading, works fairly well in isolation or when combined with one or two other indicators.

Candlesticks represent fluctuations in price for a certain period of time. Durations may be as little as one minute or as large as a week or month. The body of the candlestick is the price difference between the opening and the closing time. The two vertical lines on each side, which are called shadows or wicks, display the highest and the lowest point of the price for that period of time.

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RSI
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The CHF/CAD pair tells the trader how many Canadian Dollar (the quote currency) are needed to purchase one Franc Swiss (the base currency). These two economies are quite intensely linked because Canada is an important producer of gold while Switzerland is a great importer of that commodity - a quart part of the commodities imported by Switzerland is gold and there is a solid tradition of gold refineries in the country. The Swiss Franc is considered to be a “safe-haven” currency: it is expected to increase its value against other currencies in times of volatility.

cad chf

Understanding the clues candles hold
One of the best things about the clues we find in candlesticks is that they are visual and very intuitive to the trader.
Think you’re not intuitive? Well try this simple test …
Which of these patterns signals an up trend, and which signals a downtrend?
1. Dark cloud cover 2. Morning star 3. Three black crows
If you answered “down”, “up”, “down” – you’d be absolutely right. And you’ve just passed your first test in candlestick theory!
With practice, reading candlesticks will become second nature – a quick glance can give you confirmation to enter a trade you’re dithering over, or it can tell you that now is the moment to exit and take profits.
Over the following pages, I want to show you how you can learn to spot these patterns quickly and easily. I’ll also let you in on the patterns that

cad chf
Whenever you look at a price chart, you will select a timeframe for that chart – perhaps it’s a minute … or an hour … or a day.

Rather than simply plotting the open or close price for that time frame, the candlestick gives you information about what went on during that period of time …

Having all this extra information, gives you a heads-up about market sentiment – and can offer invaluable clues about the way the market will move

forex quote for the Canadian Dollar against the Swiss Franc. ... The Canadian Dollar is often considered to be a 'commodity currency' because Canada exports a large amount of natural resources, notably oil.

it seem 8656 got a strong resistance area.......i think it will go down back again after reach those area and projection will be around 8378 area to complete the down trend but it the price close above the 8656 then it will be a diffrence senario

Today market analysis and trend:buy

According to indicators :-
Parabolic sar
Bollinger band
RSI
And
Moving average

Tell the about market trend up so we do trade in buy and take good profit

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👍 BesT Of LucK 👍

kal k hi uptrend ko market continue kar skta hai kuki market meh kafi upward strong movement thi kal or kafi buyers ne dominate kara hai ,
halaki abhi ek support level pe jisko market ache se test kar rha hai agar ye level break hota hai toh defintely strong up movement dikhegi is pair meh.

I predict this pair have bullish direction
I suggest to take LONG position today

time frame that is considered while making support and resistance levels – use Daily and Weekly time frame, consider the daily economic news before taking the trade.

money management is very effective for getting profits with stop loss and take profits method with current trading position.