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fxtraderkristina

CADCHF | BULLS ARE IN THE MARKET TO GO UP

Long
Canadian Dollar/Swiss Franc (FX:CADCHF)  
fxtraderkristina  
FX:CADCHF   Canadian Dollar/Swiss Franc
Trend Analysis Chart Patterns Technical Indicators CAD chf CADCHF cadchflong priceactionanalysis fundamental-analysis LONG longsetup
2
6
trendanalysis chartpattern indicator cad chf cadchf cadchflong priceactionanalysis fundamental-analysis long longsetup
The trade is trending towards the upside on higher time frames, with a push > exhaustion scenario on the 4-hourly time frame and a bullish engulfing candlestick developing with a nice bounce of MA 20, suggesting bullish power in the market. Hedge funds are indicating buying power for CAD while CHF is being sold off. There is not much news today that might have a huge impact on the trade.
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