📊 CAD/CHF Weekly Analysis
🔍 Technical Insight by Shaker Trading
🔻 Bearish Market Structure:
Strong Descending Channel (Weekly):
The pair is currently trading within a clear and strong downward channel, confirming the ongoing bearish trend.
Weak Demand Zone:
Although there is a nearby demand area, it appears to be relatively weak and may not hold under heavy pressure.
Oversold Conditions on RSI & MACD:
Both the RSI and MACD indicators are showing signs of selling exhaustion, indicating a possible short-term bullish correction.
📌 Trading Outlook:
We do not recommend selling at this level. A high-risk buy opportunity may be considered from the current price, targeting the next supply zones for a potential short entry once price reaches those areas.
🔥 Copy Trading for Free
Let our team handle the trades while you sit back and watch the results – totally free of charge.
🔍 Technical Insight by Shaker Trading
🔻 Bearish Market Structure:
Strong Descending Channel (Weekly):
The pair is currently trading within a clear and strong downward channel, confirming the ongoing bearish trend.
Weak Demand Zone:
Although there is a nearby demand area, it appears to be relatively weak and may not hold under heavy pressure.
Oversold Conditions on RSI & MACD:
Both the RSI and MACD indicators are showing signs of selling exhaustion, indicating a possible short-term bullish correction.
📌 Trading Outlook:
We do not recommend selling at this level. A high-risk buy opportunity may be considered from the current price, targeting the next supply zones for a potential short entry once price reaches those areas.
🔥 Copy Trading for Free
Let our team handle the trades while you sit back and watch the results – totally free of charge.
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.
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.