章节 18  Is CADCHF back to a downtrend?

21/03/2023


Summary
UBS announcement Lead the Market

Fundamental analysis
Fundamentally on this pair CADCHF UBS the biggest bank in Switzerland today announced the takeover of Credit Suisse the rescue would “secure financial stability and protect the Swiss economy, On the other hand, we see today news on the Canadian dollar has been released inflation rate CPI It came lower than what market expected at 5.2% And market react for these figures as a negative for the Canadian dollar.

Canada CPI YoY (Feb)

Previous 5.9%
Actual 5.2%

Is CADCHF back to a downtrend? -第1张图



Technical analysis
In this 4-hour diagram chart, the market price now is 0.67336, we expect the market to push up the price to the previous supply zone at 0.67600 then we expect the price to push down to the oldest demand zone at 0.66500 creating Channel to the downside with lower lows and lower high with 20 moving averages pointing down.  











Trading Recommendation

Trading Direction: Short
Entry Price:0.67545
Target Price:0.66560
Stop Loss: 0.68087
Is CADCHF back to a downtrend? -第2张图

关于我们 用户协议隐私政策风险披露认证协议社区准则 帮助中心 意见反馈
App Store Android

风险披露

金融工具交易属于高风险投资活动,有导致部分或全部投资本金损失的风险,可能不适合所有投资者。本网站所包含的任何观点、聊天信息、通知、新闻资讯、研究调查、分析、价格或其他信息都是作为一般市场信息提供的,仅供教育和娱乐之用,并不构成投资建议。 所有的观点、市场行情、推荐或任何其他内容可能随时会改变,恕不另行通知。Trading.live对因使用或根据这些信息而直接或间接造成的任何损失或损害概不负责。

© 2024 Tradinglive Limited. All Rights Reserved.