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CAD/CHF Technical Analysis - CAD/CHF Trading: 2022-10-25
CAD/CHF Technical Analysis Summary
Above 0,734
Buy Stop
Below 0,71
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Buy |
| MA(200) | Neutral |
| Fractals | Buy |
| Parabolic SAR | Buy |
| Bollinger Bands | Neutral |
CAD/CHF Chart Analysis
CAD/CHF Technical Analysis
On daily timeframe, CADCHF: D1 moved up from triangle and got closer to downtrend line of resistance. It should be pierced upwards before opening a position. Some technical analysis indicators show signals to further rising. We do not exclude bullish movement, if CADCHF: D1 will rise above the upper Bollinger band and its last maximum: 0,734. This level can be used as entrance point. The first risk limitation can be placed lower than Parabolic signal and lower Bollinger band, the last 4 fractals and the minimum from 2021: 0,71. After placing pending order, we should move the stop levels along with Bollinger and Parabolic signals to the next fractal minimum. Thus we can change prospective profit/loss level to our own benefit. The most careful traders can switch to 4 hours timeframe and place the stop-loss moving it along the price direction. If the price overcomes stop level (0,71), without activation of order (0,734), an order is recommended to be deleted: the market is facing internal changes that were not taken into account.
Fundamental Analysis of Forex - CAD/CHF
The next meeting of Bank of Canada (BoC) is going to happen on October 26th. Will CADCHF quotes continue to rise?
Investors are waiting BoC interest rate rises to 4% from current level of 3,25%. It is driven by a slow decrease of Canadian inflation to annual 6,9% in September from 40 years maximum in June (annual 8,1%). Canada Gross Domestic Product for August will be published in October. These data can inflict on Canadian dollar price dynamics. KOF Switzerland Economic Barometer economical indicator is going to be published on October 28 as well. Следующее заседание The next Swiss National Bank (SNB) will be held not soon - on 15th of December. Its interest rate is 0.5% with inflation level of annual 3.3% It is noteable that the interest rate was negative from the end of 2014. It is difficult to say if SNB is going to tighten its monetary policy in future. According to its forecast, inflation level in Switzerland will be slightly higher than 3% all year, will be decreased to 2,4% in 2023 and will be decreased to annual 1,7% in 2024.
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