CADCHF: A Techno-Fundamental Look
Short Fundamental Takes:
We can boast of CAD's CB view with a view toward being hawkish moving forward this quarter and the next. Meanwhile, CHF's CB wants to tone things down and stay neutral and directionless, despite the fact the players may still treat CHF as a run to currency. If that is the case going forward, it a;so wouldn't help CHF's economy.
Technical Blob:
After the CHF's CB gave up protecting the floor of support in 2015's announcement, we see how many pairs, including CADCHF were also effected. From that time, we see that CADCHF has undergone accumulation It still is in what seems like a period of consolidation, but with CAD's central bank changing course with a more hawkish tone this year and, hopefully, in the quarters to come, I believe that CADCHF will reach the top of the range at 0.7960, then breakout to 0.82 and then to 0.85 in the long run.
We can boast of CAD's CB view with a view toward being hawkish moving forward this quarter and the next. Meanwhile, CHF's CB wants to tone things down and stay neutral and directionless, despite the fact the players may still treat CHF as a run to currency. If that is the case going forward, it a;so wouldn't help CHF's economy.
Technical Blob:
After the CHF's CB gave up protecting the floor of support in 2015's announcement, we see how many pairs, including CADCHF were also effected. From that time, we see that CADCHF has undergone accumulation It still is in what seems like a period of consolidation, but with CAD's central bank changing course with a more hawkish tone this year and, hopefully, in the quarters to come, I believe that CADCHF will reach the top of the range at 0.7960, then breakout to 0.82 and then to 0.85 in the long run.
Handel aktiv:
Kommentera:
Kommentera:
....pressure building up after that breakaway gap!
Kommentera:
Market oversupplied by fear and "misbehavior"
Capturing the swings of the stock market & currency market. It's a dirty job and equity/currency traders must do it.
