The document provides recommendations to sell CAD/CHF and buy GBP/CAD based on technical analysis showing bearish and bullish trends respectively. It also includes a weekly economic calendar and pivot point levels for various currency pairs.
2. CAD/CHF RECOMMENDATION: SELL
SUMMARY:
The primary trend of CAD/CHF is Bearish on daily charts and past few trading session prices
are sustaining at lower levels. In its weekly chart, prices are consolidating with strong negative
bias. If it breaks the level of 0.7300 & sustains below it we can expect it to come down to the
levels of 0.7220/0.7100 in next few days.
INDICATORS:
RSI is sustaining near in selling territory, supporting the upcoming down trend in the pair.
In MACD Prices are sustaining in the selling territory, supporting the down side movement in
the market.
STRATERGY:
CAD/CHF is looking bearish on charts for next few sessions. One can go for sell on higher
level strategy for this pair for intraday to midterm positions.
3. GBP/CAD RECOMMENDATION: BUY
SUMMARY:
The primary trend of GBP/CAD is bullish on daily charts and past few trading session prices
are sustaining at higher levels. In its weekly chart, prices are consolidating with strong
positive bias. If it breaks the level of 2.0460 & sustains above it we can expect it to come up
to the levels of 2.0550/2.0800 in next few days.
INDICATORS:
RSI is sustaining near in buying territory, supporting the upcoming up trend in the pair.
In MACD Prices are sustaining in the buying territory, supporting the up side movement in the
market.
STRATERGY:
GBP/CAD is looking Bullish on charts for next few sessions. One can go for buy on lower
level strategy for this pair for intraday to midterm positions.
7. Disclaimer
The information contained here was gathered from sources deemed reliable however; no claim is made as to accuracy
or content. This does not contain specific recommendations to buy or sell at particular prices or time, nor should any
examples presented be deemed as such. There is a risk of loss in Forex and Comex trading and you should carefully
consider your financial position before making a trade. This is not, nor is it intended, to be a complete study of chart
patterns or technical analysis and should not be deemed as such. The Company does not provide any assurance that
such information is accurate or complete and it should not be relied upon as such. Any opinions expressed reflect
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