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CADCHF bottomed and ready for 0.7700-0.7800

General outlook for the pair:
  • The pair moved in the last weeks between 0.7700 and 0.7500.
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CHF lost ground last week but pared most of week losses, PPI m/m 0.0% as expected, next week focus will be on Trade Balance, SNB Monetary Policy Assessment and Libor Rate.

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Good bulls try above 0.7400 but pair should break above 0.7500 to talk about any bullish scenario.

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CAD performed so well last week, Foreign Securities Purchases 12.65B VS 4.35B expected, Manufacturing Sales m/m +0.9% VS +1.0% expected, CPI m/m -0.1% as expected, Core Retail Sales m/m +0.9% VS +0.6% expected, next week focus will be on BOC Gov Poloz Speaks and GDP m/m.

in other hand,

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CHF performed well last week, Trade Balance 2.13B VS 2.41B expected, Libor Rate stayed at -0.75% as expected, next week focus on light data includes Credit Suisse Economic Expectations and KOF Economic Barometer.

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As expected 0.7400 still gave support for the pair but pair still need strong momentum to advance more up...

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CADCHD still bullish

General outlook for the pair:
  • The pair moved in the last weeks between 0.7450 and 0.7650.
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simply as pair still above 0.7550 still bullish aiming 0.7700-0.7750.

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CAD performed so well last week, Manufacturing Sales m/m came at 1.1% VS 1.0% expected, CPI m/m +0.5% VS +0.5% expected, Foreign Securities Purchases at 11.55B VS 4.91B expected, NATFA talks improved and this also helped CAD, next week focus will be on Wholesale Sales m/m and Core Retail Sales m/m.

in other hand, CHF performed so worst last week,PPI came at +0.1% VS +0.3% expected, next week focus will be on Trade Balance.

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As expected 0.7500-0.7550 still gave strong demand and pair still struggle above it, pair still bullish but need momentum.

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CAD did not perform well last week, Current Account came at -15.9B VS -15.3B, GDP m/m 0.0% VS +0.1% expected, next week focus will be on Trade Balance, Overnight Rate, Employment Change and Unemployment Rate, in other hand,
CHF performed the best last week, Credit Suisse Economic Expectations -14.3 VS -4.0, KOF Economic Barometer 100.30 Vs 101.2 expected, next week focus will be CPI m/m, GDP q/q and Gov Board Member Zurbrugg Speaks.

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Pair failed again above 0.7500, free fall, pair oversold but no sign of relief till now.

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CADCHF to close around 0.7500 next month

General outlook for the pair:
  • The pair moved in the last weeks between 0.7700 and 0.7400.
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CAD performed well last week, BOC raised Overnight Rate to 1.5% as expected, next week focus will be on Manufacturing Sales m/m, CPI m/m and Core Retail Sales m/m, in other hand, CHF performed worst last week, Unemployment Rate 2.6% VS 2.5% expected, next week focus will be on Trade Balance.

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Pair hit target but then closed above it, still strong bullish in all time frames.

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CAD performed well last week, Manufacturing Sales m/m 1.4% VS -1.1% last, CPI m/m +0.1% as expected, Core Retail Sales m/m +1.4% VS +0.6% expected, next week focus will be on Wholesale Sales m/m, in other hand, CHF was the best performer last week, Trade Balance 2.59B VS 3.22B expected, next week focus will be on Credit Suisse Economic Expectations.

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Stabilized between 0.7500 and 0.7600, may consolidate between these strong levels in the next days.

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Pair still moving up and down around expected target and still expect consolidation around this level.

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CADCHF bearish below 0.7700 aiming 0.7400

General outlook for the pair:
  • The pair moved in the last weeks between 0.7600 and 0.7820.
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Pair still move as expected in the chart and still in the move to 0.7400, still bearish.

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CAD performed worst last week, CPI m/m +0.1% VS +0.4% expected, Core Retail Sales m/m -0.1% VS +0.5% expected, next week focus will be on BOC Gov Poloz Speaks, GDP m/m and BOC Business Outlook Survey, in other hand, CHF performed the top of last week, SNB Monetary Policy Assessment and Libor Rate as last releases with no change, next week focus will be on Credit Suisse Economic Expectations.

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Pair hit target at 0.7408 and jumped to 0.7440, daily close suggest bulls to enter but be careful.

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CAD performed so well last week, GDP m/m +0.1% VS 0.0% expected, next week focus will be on Employment Change and Trade Balance, in other hand, CHF did not perform well last week, Credit Suisse Economic Expectations 8.0 VS last 28.0, KOF Economic Barometer 101.7 VS 100.3 expected, next week focus will be on Manufacturing PMI and CPI m/m.

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Quick up to 0.7550 again, recovery may be limited to 0.7600.

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CADCHF to close next month below 0.7500

General outlook for the pair:
  • The pair moved in the last weeks between 0.7400 and 0.7700.
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CAD performed well in last week, Building Permits m/m came at 3.1% VS 2.0%, Employment Change came at -1.1K VS 17.8K expected, Unemployment Rate at 5.8% as expected, focus in next week will be on CPI data, in other hand, CHF still moving lower and did not perform well last week, CPI m/m came at +0.2% VS +0.3% , unemployment rate came at 2.7% VS 2.9%, next week PPI data will be released and there is speech for SNB Chairman Jordan.

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Seemed topped around 0.7850 but still need confirmation to make a thought.

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CAD did not perform well last week as Manufacturing Sales m/m came at 1.4% VS 1.1%, CPI came at 0.3% as expected, but Core retail sales came at -0.2% VS +0.5% expected, no week with no significant data except for OPEC-JMMC Meetings, in other hand, CHF performed so well last week as PPI m/m came at +0.4% with 0.3%, next week no significant data will be released.

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0.7700 still play rule of strong support, any close below this level open the door for bears.

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Topped and 0.7720 now is resistance for short term time view.

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CADCHF bullish aiming 0.7500 and above

General outlook for the pair:
  • The pair moved in the last weeks between 0.7200 and 0.7420.
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CAD performed worst last week, BOC decision and statement was not encouraging as BOC still suspected that inflation still temporary and still worry about US measures against Canada, CPI data also was not helpful and ensured BOC thought about inflation, lack of significant data next week but BOC Gov Boloz will speak on Monday, in other hand,

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CHF performed worst last week, The Producer and Import Price Index fell in March 2018 by 0.2% compared with the previous month, next week, SNB Chairman Jordan will speak  about monetary policy and banking regulation at the SNB's General Meeting of Shareholders, in Bern.

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As expected, pair topped around 0.7700, there is clear sign of reversal till now, pair to correct lower next week.

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CAD performed worst last week Vs majors, no significant data was last week but Wholesale Sales was -0.8% worse than expected at +0.3%, Next week will be important for CAD as we wait GDP m/m and then Trade Balance data, in other hand, CHF continued falling last week VS majors, no significant data was last week but Trade Balance came at +1.77B VS 3.23B, next week KOF Economic Barometer will be released.

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Pair still under 0.7700 strong resistance, good for bears as reversal signs seemed to appear.

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CADCHF to continue falling towrds 0.7200

General outlook for the pair:
  • The pair moved in the last weeks between 0.7600 and 0.7300.
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Strong push up after hitting 0.7200, now holds near 0.7400, still seen positive in the near time.

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CAD performed worst VS majors, with no significant data last week but manufacturing sales fell -1.0% VS -0.8% expected, CAD still under pressure due to expected trade wars from US, next week CPI and retails sales data will be the most important, in other hand, CHF performed mixed VS majors as SNB still set labor rate at -0.75% and still reluctant to do any move to halt any CHF strength, next week trade balance data will be the one thing to watch for CHF.

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failed again around 0.7400, closed day and week around low at 0.7250, still seen non direction around 0.7200.

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Pair still in daily range between 0.7220 and 0.7420, still not affected by strong direction.

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Closed far from expected target, hope last hours will help.

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CADCHF to move in 0.7500-0.7900 range

General outlook for the pair:
  • The pair moved in the last weeks between 0.7500 and 0.7950.
  • The pair is expected to move in the next month between 0.7500 and 0.7900 as it faces clusters of daily/weekly tops and bottoms.

Pair recent direction : Range

Expected rate of the pair 1st of March, 12:00 GMT:
0.7819
Expected market sentiment: Neutral

Chart of major support (S) and resistance (R):


Weekly chart

Chart of expected scenario:

Daily chart
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Still consolidate below 0.7500 but move in narrow pace, clear break above 0.7500 needed to confirm any bullish move.

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CAD did not perform well as still affected by last week employment data and lower oil prices and NATFA issue still to be driver for CAD movement, in other hand, CHF performed well last week as demand for safe haven came after crisis in Stock market, CHF still expected to surge as losses continue in stock markets.

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As pair still below 0.7500 for second week, this considered failure for expected bullish scenario, sellers to care about 0.7500 level...

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CAD hit last week by most majors as Core retail sales were so bad as it came at -1.8% VS 0.1% expected, but after Strong CPI date at 0.7% VS 0.4% expected, pair recovered most of the week losses, in other hand, CHF still moving in narrow range but seemed topped in some pairs, no significant data last week or next week but any selling in stock market will intensify CHF buying as safe haven.

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Pair still losing ground but seemed bottomed and if 0.7350 hold for next week then we can consider it as buying opportunity.

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CADCHF to top around 0.8000 before falling

General outlook for the pair:
  • The pair moved in the last weeks between 0.7600 and 0.8000.
  • The pair is expected to move in the next month between 0.8000 and 0.7500 as it faces clusters of daily/weekly tops and bottoms.

Pair recent direction : Range

Expected rate of the pair 1st of February, 12:00 GMT:
0.7690
Expected market sentiment: Bearish

Chart of major support (S) and resistance (R):


Weekly chart

Chart of expected scenario:

Daily chart
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CAD dollar still helped strongly with strong gains of oil, CAD but expected US exit from NATFA agreement put strong pressure on CAD and this still expected to weight in the near future, In other hand, CHF still performing well but not much as GBP and euro and this due to aggressive SNB policy which still so accommodative and still no change expected for SNB policy in near time,

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exactly as the last week range between 0.7735 and 0.7900 with no clear direction.

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CAD dollar got a boost from BOC rate hike and still helped with oil gains but worries about NATFA agreement put strong pressure on CAD and this still expected to weight in the near future, In other hand, CHF moved in narrow range against most pairs as it tries to hold last week strength, CHF still non game player as SNB still play all cards to weaken it . 

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Pair closed round bottom at 0.7700, still expected to move around this price or to go down then retrace to 0.7700 as expected in scnarion chart.

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Pair very near to dailt support around 0.7550 so it should hit 0.7700 again before hitting next target.

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CADCHF to close the next month around 0.7600

General outlook for the pair:
  • The pair moved in the last weeks between 0.7960 and 0.7650 .
  • The pair is expected to move in the next month between 0.7960 and 0.7500 as it faces clusters of daily/weekly tops and bottoms.

Pair recent direction :Down

Expected rate of the pair 2nd of January, 12:00 GMT:
0.7626
Expected market sentiment: neutral

Chart of major support (S) and resistance (R):


Weekly chart

Chart of expected scenario:

Daily chart
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Pair reached 0.7820 before falling again towrards 0.7700, 0.7625 still expected to play major rule in pair direction.

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CAD still vulnerable due to lower oil prices and lower GDP in last quarter but BOC still optimistic but this not persuade CAD investors so much, In other hand,CHF still highly overvalued due to Jordan SNB who still see CHF so high despite strong losses of last months and this put pressure on CHF again.

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Failed at 0.7800 and closed the week at bottom around 0.7680 with mild bearish sentiment.

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CAD dollar was helped at week beginning with strong CPI and retails sales numbers but then lagged by lower GDP data and with dovish speech by BOC Governor, In other hand, CHF still under pressure as SNB still see Frank still so high despite least weakening,  KOF Economic Barometer was best in years but not help as the overall sentiment is not with CHF.

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0.7600-0.7630 confirmed as daily support and pair now holds around 0.7800, may consolidate between 0.7600 and 0.7800 for the rest of the month.

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