- Analytics
- Technical Analysis
CAD/CHF Technical Analysis - CAD/CHF Trading: 2022-07-05
CAD/CHF Technical Analysis Summary
Above 0,749
Buy Stop
Below 0,735
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Sell |
| MA(200) | Buy |
| Fractals | Buy |
| Parabolic SAR | Sell |
| Bollinger Bands | Neutral |
CAD/CHF Chart Analysis
CAD/CHF Technical Analysis
On the daily timeframe, CADCHF: D1 is trying to return to the upper part of the wide neutral range. A number of technical analysis indicators formed signals for further growth. We do not rule out a bullish movement if CADCHF: D1 rises above its most recent high of 0.749. This level can be used as an entry point. Initial risk cap is possible below the 200-day moving average and the last 2 lower fractals: 0.735. After opening a pending order, we move the stop following the Bollinger and Parabolic signals to the next fractal low. Thus, we change the potential profit/loss ratio in our favor. The most cautious traders, after making a trade, can switch to a four-hour chart and set a stop loss, moving it in the direction of movement. If the price overcomes the stop level (0.735) without activating the order (0.749), it is recommended to delete the order: there are internal changes in the market that were not taken into account.
Fundamental Analysis of Forex - CAD/CHF
Switzerland released weak inflation data. Will the CADCHF quotes continue to rise?
The move up means the strengthening of the Canadian dollar against the Swiss franc. There are technical signals, but there are not so many of them. The movement of quotes may depend on economic statistics. Switzerland Consumer Price Index rose +3.4% y/y in June. The data came out on July 4th. For the first time since 2008, inflation exceeded 3% and was the highest since 1993. It is much higher than the Swiss National Bank (SNB) rate, which is negative at -0.25% now. The next meeting of the SNB will take place only on September 22. Recall that, according to the SNB, inflation in Switzerland this year will be 2.8% y/y and will drop to 1.6% only in 2024. On July 7, the Switzerland Unemployment Rate for June will be published. The outlook is neutral (2.2%). In turn, the Canadian dollar may be supported by high world oil prices. Good data on Canada's GDP for April (+5% y/y) came out last week. This week, on July 7, the trade balance will be published and on July 8 - Canada Employment Change. Theoretically, economic statistics may influence the decision of the Bank of Canada (current rate +1.5%) on further tightening of monetary policy at the meeting on July 13th.
- Get Certificate
Note:
This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.
