Bearish CADCHF as Downbeat Crude Oil Prices Put Pressure on the Canadian Dollar
The CADCHF exchange rate is currently trading at 0.671, down from its high of 0.703 in early September. This bearish trend is likely to continue in the coming weeks and months as downbeat crude oil prices put pressure on the Canadian dollar.
Canada is a major exporter of oil, so its...
US10Y remains in an established uptrend on the daily chart, and Friday's bullish engulfing candle suggests a swing low has formed and more gains are to follow.
But having looked back at price action since the April low, we note that prices are yet to break the low of a bullish engulfing candle if it has formed after a pullback or period of consolidation....
FED heavily push it down to control inflation
we advice = buy near 1.000 and hold 3 month
if big trend in down break , next target is 0.6000
arrow=powerful limit order place but with SL
Since the start of the year, the US yield curve (10y-2y) is down by a whopping 80%. While the Canadian 10y-2y curve is not far behind (-75%). The market is buying into the thesis that both CBs got ahead of themselves. Interesting to see NZ curve barely budged since early Q2.
This is only a trading capability - no recommendation !!!
Next week i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
