Cad/Chf

Cadchf
canadian dollar/swiss franc
0.74765
chf
−0.00025 (−0.03%)
market closed (jan 03 16:59 utc-5)
0.74790
prev
0.74790
open
112.135k
volume
0.74570 — 0.75043
day's range

CAD/CHF's strong rebound this week suggests that a short term bottom is formed at 0.8408 on bullish convergence condition in daily MACD and RSI. Further rebound would likely be seen to 55 days EMA (now at 0.8853

it seem 8656 got a strong resistance area.......i think it will go down back again after reach those area and projection will be around 8378 area to complete the down trend but it the price close above the 8656 then it will be a diffrence senario

CADCHF


Supporting 0.7445
Supporting 0.7449
Supporting 0.7431


Resistance 0.7483
Resistance 0.7495
Resistance 0.7517

Forex Forecast with price level
Cad-Chf - pair in focus.
Current Price - Expected to be in Sell
main support level too low
main resistance level is near
Pair likely to be in Sell today.

Long term movement pivot, Resistance and support levels are as follows for today date.
Current market price says to Buy the currency
This currency name - Cad-Chf
Resistance and Target should be targeted
Support and Stop Loss is mandatory
Always follow Long time frame market trend.
Signal is Buy.

Today pair:- Cad/Chf
Market trend: Buy

Supporting: 0.7447
Supporting: 0.7440
Supporting: 0.7431

Resistance: 0.7485
Resistance: 0.7498
Resistance: 0.7516

CAD/CHF
Market trends is sell

Resistance levels
Resistance=> 0.7485
Resistance=> 0.7490
Resistance=> 0.7520

Supporting levels
Supporting=> 0.7446
Supporting=> 0.7440
Supporting=> 0.7430
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The Canadian Dollar vs. Swiss Franc pair is often recognized as a carry trade vehicle because of the relationship between a low yielding, safety geared currency (CHF) and a higher yielding, growth related one (CAD). The CFH is considered to be safety geared and low yielding because of its reputation as a safe harbor and haven for foreigners depositing their wealth in a foreign private banking system. The CAD is considered to be a commodity currency because of its exporting of natural resources which make it sensitive to invertors outlooks on global economic growth.

CAD/CHF



The CAD/CHF Spot price tells investors how many Swiss francs they will receive for each Canadian dollar they trade.

Both are considered to be 'major' in the forex markets, with the Swiss and Canadian currencies listed as the sixth and seventh most-traded monies in the world.

The North American nation's currency value is mostly dictated by official economic reports, such as interest rate announcements, trade balance and unemployment levels.

However, the commodity markets also play a key role in its fluctuations, as Canada mines various base and precious metals, holds vast oil reserves and is a key player in the forestry sector.

The economic performance of the US impacts heavily on the value of the Canadian dollar, due to the close trading ties that exist between the two neighbouring nations.

Similarly, the trading performance of countries in the eurozone has a significant effect on the price of the franc, as does the nation's own economic progress and certain commodity markets such as gold and oil.

Both the Swiss franc and the Canadian dollar are used as reserve currencies, so their value may rise when traders are seeking a safe haven for their capital and demand for the monies increases.

The European currency is a more common option for most investors in this situation.