CADCHF Bullish Outlook In Development
CAD/CHF recently completed a bullish harmonic pattern near 0.6055, and the initial price reaction has been promising so far.
From the our previous analysis we can see that CADCHF already reached the first target.
SNB rate cut certainly created a less favorable outlook for the Swiss Franc.
Given the ongoing volatility from Trum's tariffs, it’s prudent to adopt a conservative approach, however the price is well positioned to continur rising more as shown on the chart even if it moves down before the news today.
Key resistance areas: 0.6225 and 0.6265
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
CAD/CHF recently completed a bullish harmonic pattern near 0.6055, and the initial price reaction has been promising so far.
From the our previous analysis we can see that CADCHF already reached the first target.
SNB rate cut certainly created a less favorable outlook for the Swiss Franc.
Given the ongoing volatility from Trum's tariffs, it’s prudent to adopt a conservative approach, however the price is well positioned to continur rising more as shown on the chart even if it moves down before the news today.
Key resistance areas: 0.6225 and 0.6265
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.