I believe we can expect a price increase due to the current volatility of the Canadian dollar. With the U.S. considering tariffs on Canada starting April 2nd, coupled with China imposing new tariffs on Canadian agricultural products, the situation is likely to drive prices higher.
It looks like a possible head and shoulders formation on the higher time frame(4 hr). We just had a massive bull run to the upside hitting a high of $2780+. Now we are seeing a correction in the market. Missed the early entry to the downside after the bull run. Looking to capitalize on the continuation of the correction. Based on the fact that we just had a bull...
Looking to capitalize on upcoming news and fear in the market as the presidential elections come closer and news of stagnant rates gets delivered this week. I will not try to force my entry being that this is a ath trade and risk is always involved. Good luck guys!
Hello, this is my estimation on the technical side of things on USD/CHF.
I am only giving you my opinion on what's to come as we wrap up the last quarter of 2023, considering that the USD is reaching a "bottom". (All time low being around the 0.70600 area)
I hope you guys like my analysis and gain some clarity on what's to come with this pair.
Be smart and trade...
