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CAD/CHF Technical Analysis - CAD/CHF Trading: 2022-03-28
CAD/CHF Technical Analysis Summary
Above 0,746
Buy Stop
Below 0,73
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 the daily timeframe, CADCHF: D1 went up from the long-term downward channel. 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 0.746. This level can be used as an entry point. Initial risk cap is possible below the Parabolic signal, 200-day moving average line and the latest down fractal or below the lower Bollinger band: 0.73 or 0.715. 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 (0.73 or 0.715) without activating the order (0.746), 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
As expected, Swiss National Bank (SNB) kept the rate. Will the CADCHF quotes continue to rise?
The upward movement means the Canadian dollar strengthens against the Swiss franc. On March 24, the SNB kept its rate at -0.75%. It hasn't changed since Jan 2015. The next meeting of the SNB will take place on June 16. Inflation in Switzerland in February was 2.2% y/y. This is above the target level of 2%. March inflation data will be released on April 1 and may affect the Swiss franc. The Bank of Canada (BoC) rate is 0.5%. The Canadian economy may accelerate its growth against the backdrop of high world prices for hydrocarbons. March 31 will be published data on Canada's GDP for January, which may affect the rate of the Canadian dollar. Note that the next meeting of the BoC will take place on April 13. On March 31, Switzerland will release Retail Sales figures for February.
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