CAD/CHF: fundamental review & forecast

In this review you'll see is it cost to entry with Buys today or continue with Sales

Fundamental Analysis
2023年11月24日

There is a high probability of a trend reversal in CAD.CHF quotes, given that they have been at historical lows for a long time. The only question was when this would happen. The rapid downward trend became possible against the backdrop of weak demand for commodity currencies, while the Swiss franc was preferable to investors than the yen.

The Canadian dollar periodically receives support from high oil prices, but this factor only permanently supports the currency. At the same time, the Bank of Canada has taken a pause in raising interest rates, and the decline in inflation tells us that rate increases are unlikely to occur in the foreseeable future. In fact, the Canadian dollar was left without any support factors this week, while demand for safe haven assets is growing. However, it's not all bad for CAD. Investments in this currency are more attractive than ever, since entry at a minimum price is the main rule for Forex trading. The main thing is to find the moment to enter with Purchases. Perhaps such a moment is happening now, and here’s why.

The Swiss franc, despite good demand, has lost its momentum. On the chart we can see that quotes have retreated from their minimums, and this is due to a decrease in foreign exchange reserves to the minimum level in 7 years. In general, the SNB is not interested in a strong franc and will do its best to prevent it. Our decision to sell the Canadian dollar a few months ago was as accurate as ever, but today we are expecting a significant price correction or trend reversal from CAD/CHF. So today, we are opening Buy trades. The MACD, Stochastic oscillators are directed upward and confirm our theory.

Stanislav Litinskyi

Fundamental Analysis

GBP/JPY: fundamental review & forecast

Loss of upward momentum, prospects for renewed growth or a trend reversal and other issues. All the details in one review.

Stanislav Litinskyi
2023年11月10日

Fundamental Analysis

AUD/USD: fundamental review & forecast

Does the Australian dollar have a chance given the weakening USD? You'll see in this review

Stanislav Litinskyi
2023年11月02日

Fundamental Analysis

GBP/CHF: fundamental review & forecast

Today we observe the most stable currency pairs but Due to geopolitical tensions stability seems is lost. In this review we'll see how to earn with that.

Stanislav Litinskyi
2023年10月27日