CAD - BULLISH
1️⃣ Increase in oil prices should support the CAD.
2️⃣ The economy advanced an annualized 9.6% in Q4, beating market forecasts of 7.5%.
3️⃣ The AstraZeneca vaccine was approved at the end of February.
CHF - BEARISH
1️⃣ Stronger-than-expected US jobs data and the pandemic relief bill boosted prospects of the US economic recovery.
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Technical
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We are looking to buy the CADCHF on RBS + above SMA 50 on the H1 chart.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
1️⃣ Increase in oil prices should support the CAD.
2️⃣ The economy advanced an annualized 9.6% in Q4, beating market forecasts of 7.5%.
3️⃣ The AstraZeneca vaccine was approved at the end of February.
CHF - BEARISH
1️⃣ Stronger-than-expected US jobs data and the pandemic relief bill boosted prospects of the US economic recovery.
=====
Technical
=====
We are looking to buy the CADCHF on RBS + above SMA 50 on the H1 chart.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Order cancelled
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.