Technicals:
What have we seen?
- Price has broken out channel but still showing side way movements.
- Distribution on Daily, Weekly timeframe
- Fibonacci Extension in play bearish momentum.
- Swing low needed to complete the move.
- Price has created a solid pullback and rejection.
Fundamentals:
- The compression channel has been a 'bullish correctional' move however, the Swiss Franc has seen some very good moves added in recent weeks with net longs rising against the USD.
How does this affect the CAD? Well, CAD is a commodity currency. With Commodity being scarcity assets - the price of the Canadian Dollar will move into bearish against the Safehaven Swissie.
-Canada has been hit with poor Economic data provided by the government showing the economic cycle is fragile and will take a long time to recover.
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners to advanced .
KISS - keep it simple stupid.
we trade purely from naked charts, less indicators - remove the noise.
If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes.
Hello traders and analysts,
COT DATA:
CAD
AVG Long Short Total Long Short %
Avg_13 62,368 28,887 91,255 69% 31%
Avg_20 61,214 26,449 87,663 70% 30%
Avg 50 83,059 35,629 118,688 70% 30%
Avg_130 84,123 36,227 120,349 70% 30%
CHF
Avg_13 12,661 7,169 19,830 64% 36%
Avg_20 13,054 8,583 21,637 62% 38%
Avg_130 13,200 16,542 29,740 49% 51%
Avg_50 13,247 16,366 29,614 49% 51%
Technicals:
What have we seen?
- Price has broken out channel but still showing side way movements.
- Distribution on Daily, Weekly timeframe
- Fibonacci Extension in play bearish momentum.
- Swing low needed to complete the move.
- Price has created a solid pullback and rejection.
Fundamentals:
- The compression channel has been a 'bullish correctional' move however, the Swiss Franc has seen some very good moves added in recent weeks with net longs rising against the USD.
How does this affect the CAD? Well, CAD is a commodity currency. With Commodity being scarcity assets - the price of the Canadian Dollar will move into bearish against the Safehaven Swissie.
-Canada has been hit with poor Economic data provided by the government showing the economic cycle is fragile and will take a long time to recover.
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners to advanced .
KISS - keep it simple stupid.
we trade purely from naked charts, less indicators - remove the noise.
If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes.
Thanks,
Team Lupa