CADCHF

(Last Updated August 6, 2020)

Hello! This is the news page for CADCHF. Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:

The Trend

On CADCHF, there is currently a downtrend on the 90, 30 and 14 day timeframes.

CADCHF Moving Averages

Across several time periods between 20 and 200 days, the trend on CADCHF has remained consistently bearish.

Below is a chart showing CADCHF’s price with its moving averages.

Regarding CADCHF’s correlations over the past 7 days, it has demonstrated the strongest correlation with AUDCAD. Over the past 14 days, however, EURCAD is the asset most correlated to CADCHF. Alternatively, the asset least correlated with CADCHF over the past week has been USDSEK, but over the past two weeks, the asset least correlated with CADCHF has been USDCAD. The chart below illustrates CADCHF against its least correlated assets.

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The View From the Weekly Timeframe

Currently, CADCHF’s rate is up 0.0038 (0.56%) from the week prior. It’s been a feast for bears operating on the weekly timeframe, as CADCHF has now gone down 4 of the past 5 weeks. If you’re a trend trader, consider that the strongest clear trend on the weekly chart exists on the 10 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a bullishness in price, as the 20 and 50 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. CADCHF’s weekly price action over the past 52 weeks can be seen via the chart below.