CADCHF

CADCHF has been trading in a slight ascending channel for the last 6-months. After moving away from the lover channel at the start of the year, prices are once again testing the mean. Should prices bypass the mean and move higher, this…

AUDUSD Stays High as Risk Appetite Grows After reaching a 23-month high, the Australian dollar’s bullish run sees no signs of exhaustion yet. The Trump administration’s banning of Chinese companies temporarily lifted the Sino-US…

USDJPY Tanks Over Improved Sentiment If the new year comes with new hopes, then the US dollar could remain depressed compared to its riskier counterparts. Markets are currently driven by a recovery mood even if it is barely over…

USDCHF Faces Highly Volatile Week There is rarely any week like this one with triple risk events where extreme volatility in the US dollar is expected. Short-coverings over the past few days suggest investors’ positioning in…

USDJPY Stalls as Massive Stimulus Looms Markets see the US stimulus package as a done deal, the only question is whether it will be a $1.9 or $2.2 trillion dollar check. Either way, money printing of this magnitude would only make…

EURGBP Retreats on Signs of Brexit Progress The pound sterling could be the mover and shaker after Brexit headlines kicked off volatility at the end of last week. EU officials have confirmed that both sides are in talks of ‘next…

EURNZD Falls Back Ahead of ECB Decision The euro is likely to be in the spotlight this week as the Eurozone’s GDP data will be followed by the ECB’s monetary policy meeting. Last week’s CPI has sounded the deflation alarm and…

CADCHF bears have kept the pressure on since the 0.72 high on the 5th of June. Since the high, we have witnessed two attempted breaks towards the lower channel. The first attempt on the 11th of June saw prices bounce off at the Ichimoku…

USDJPY Sinks as Hope of Swift Recovery Fades Confidence in the greenback has been shattered as the US is still grappling with a record surge in infection cases. Now that President Donald Trump has raised the possibility of delaying…

The 2-hour chart of CADCHF shows that the pair has been trading within an ascending channel since March 19. Despite trading within the lower end of the regression channel, it remains above the trendline resistance TR1 (now support). And…