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02/04/2023


Summary
Switzerland's CPI Inflation rates lead the market

Fundamental analysis
Fundamentally on this pair of CADCHF, Tomorrow we have high-impact news on this pair of Switzerland's CPI Inflation rates with Negative expectations of 3.2% Lower than the previous result at 3.4% which will give weakness for the CHF, on the other hand, we have high-impact news in Canada Manufacturing PMI with positive expectation.

Switzerland CPI YoY (Mar)
Previous 3.4%
Expected 3.2%




Canada Manufacturing PMI

Previous 52.4
Expected —------







Technical analysis
In this 4-hour diagram chart, the market price now is 0.67722, we expect the market to push down the price to the previous demand zone at 0.66800 and then we expect the price to create a new higher low at this demand zone. Then we expect the price to push high to the oldest supply zone at 0.69700 Forming higher lows and higher highs with 20 moving averages pointing down.  


Trading Recommendation

Trading Direction: Long
Entry Price:0.68044
Target Price:0.69646
Stop Loss: 0.67240