CAD/CHF Up 17 Pips Over Past Hour, Moves Down For the 2nd Consecutive Day; in an Uptrend Over Past 14 Days
Price action traders may also wish to note that we see a doji candlestick pattern on cadchf.
CADCHF
(Last Updated February 24, 2021)
Welcome to the news page for CADCHF (CADCHF). Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
Forex Calendar for CADCHF
| metric_name | reference_period | asset_name | asset_id | date | time | forecast | outcome |
|---|---|---|---|---|---|---|---|
| Switzerland KOF Leading Indicators | Feb 2021 | Swiss Franc | CHF | 2021-02-26 | 08:00 GMT | 96.6 | |
| Switzerland GDP Growth Rate YoY | Q4 2020 | Swiss Franc | CHF | 2021-02-26 | 08:00 GMT | -2.1% | |
| Switzerland GDP Growth Rate QoQ | Q4 2020 | Swiss Franc | CHF | 2021-02-26 | 08:00 GMT | 0% |
The Trend
If we observe the 90, 30 and 14 day timeframes, we see an uptrend in place for CADCHF.
CADCHF Moving Averages
Across several time periods between 20 and 200 days, the trend on CADCHF has remained consistently bullish.
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 EURCHF. If we zoom out to a two week basis, though, the asset showing the strongest correlation to CADCHF is GBPCHF. On the flip side, ZARJPY has been the asset least correlated with CADCHF — but if we observe the prior two weeks, USDZAR has been the asset least correlated with CADCHF. The chart below illustrates CADCHF against its least correlated assets.
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The View From the Weekly Timeframe
At the moment, CADCHF’s rate is up 86 pips (1.21%) from the week prior. It’s been a feast for bulls operating on the weekly timeframe, as CADCHF has now gone up 4 of the past 5 weeks. As for the trend on the weekly timeframe, we see the clearest trend on the 10 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The weekly chart below shows CADCHF’s price action over the past year.
CADCHF: The Monthly View
Clearest trend on the monthly is apparent at the 60 month timeframe.
CADCHF Up 2 Pips On Hourly Chart, Entered Today Down For the 2nd Consecutive Day; in an Uptrend Over Past 14 Days
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up.
CADCHF Down 10 Pips Over Past Hour, 2 Day Up Streak Ended; in an Uptrend Over Past 14 Days
This imputes a buy/sell ratio of 1, which is neutral.
CADCHF Down 0 Pips Over Past Hour; Came Into Today Up For the 2nd Straight Day
It’s been a feast for bears operating on an hourly timeframe, as cadchf has now gone down 4 of the past 5 hours.
CADCHF Down 0 Pips in Last Hour
Bulls may note that this suggests a buy/sell ratio that is infinite.
CADCHF Down 2 Pips Over Past Hour; in an Uptrend Over Past 30 Days
This is the 2nd straight hour cadchf has seen its price head down.
CADCHF Down 4 Pips On Hourly Chart
This is the 3rd hour in a row cadchf has seen its price head down.
CADCHF Down 1 Pips On Hourly Chart
Compared to its peers in the forex, cadchf gave its buyers a return that ranked 30th in terms of percentage change since the previous day.
CADCHF Down 0 Pips On Hourly Chart
Given that we see downtrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
CADCHF Down 2 Pips Over Past Hour, 2 Day Up Streak Ended; Sentiment Suggests Sellers in Charge
Or to simplify this another way, note that out of the past 30 days cadchf’s price has gone up 16 them.