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CAD/CHF
This is the forex quote for the Canadian Dollar against the Swiss Franc. In this quote, the value of one CAD (the 'base currency') is quoted in terms of CHF (the 'counter currency'). The Canadian Dollar is often considered to be a 'commodity currency' because Canada exports a large amount of natural resources, notably oil. In practical terms, this makes it sensitive to the ebb and flow of trends in investors' overall outlook on global economic growth. Meanwhile, Switzerland's has a long-standing history as a safe haven and harbor for foreigners looking to house their wealth in a private banking system. As a pairing embodying the relationship between a growth-linked, higher yielding currency and a safety-geared, low yielding one, CAD/CHF is a notable carry trade vehicle.
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Daily Forecast
Pair: CADCHF
Major Trend: Bullish
Time Frame: H1
Reason: Market has been rejected in the daily pivot point at 0.7905, the possibility of the market is still going to continue moving when resistance at 0.7937 can be broken.
Recommendation: Buy
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Daily Forecast
Pair: CADCHF
Major Trend: sideways
Time Frame: H1
Reason: Market creates a flag pattern. Followed reject at 0.7881, if the pivot point is broken, then the market will be heading to 0.7940
Recommendation: Buy
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the CADCHF surpassed its 50-day SMA on a closing basis, for the first time after the SNB debacle. , it surpassed 50.0% Fibonacci Retracement of decline, near 0.7630, and is very likely to test 0.7800 horizontal mark before rallying to 0.7750.
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Daily Forecast
Pair: CADCHF
Major Trend: Bearish
Time Frame: H1
Reason: Looks market has a pattern of three black soldier. In the Asian session, the market rejected at 0.7844 support, it is likely the market will retest on 0.7872, before continuing the bearish trend
Recommendation: Sell
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R3 :- 0.9638
r2 :- 0.9596
r1 :- 0.9271
p.p :- 0.9728
s1 :- 0.9486
s2 :- 0.9360
s3 : - 0.9017
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Daily Forecast
Pair: CADCHF
Major Trend: Bullish
Time Frame: H1
Reason: Market has shown a bullish pattern. But still will touch the pivot point at 0.7871, before retest the resistance at 0.7923
Recommendation: Buy
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CADCHF is in a strong bearish condition after a sudden bearish movement where this pair move in 1800 pips. Based on this situation, I think CADCHF has a big possibility to fall deeper. I think CADCHF will break the support level at 0.7084 and continue falling to the next support level at 0.6780.
---------- Post added at 11:09 PM ---------- Previous post was at 02:32 PM ----------
The Currency Pair Of CADCHF is Bullish on H4, Confirmed by price above 0.9317 and above MA 200 is for long area.
Today SNR CADCHF
R3 : 0.7893
R2 : 0.7877
R1 : 0.7847
PV : 0.7811
S1 : 0.7782
S2 : 0.7756
S3 : 0.7718
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Daily Forecast
Pair: CADCHF
Major Trend: Bearish
Time Frame: H1
Reason: Market still has the possibility to correct ride at 0.7847, due to the stochastic still sloping upwards. However, if not then it will reject at the pivot point 0.7804, and down again.
Recommendation: Sell limit at 0.7804, and 0.7848
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Cad/chf technical analysis for 03.21.2015
resistance 3:0.7805
resistance 2:0.7793
resistance 1:0.7770
pivot point :0.7760
support 1:0.7747
support 2:0.7737
support 3:0.7723
Spoiler: