Fundamental Analysis: Key indicators, including the LEI and both Endogenous, and Exogenous factors, have been steadily declining on a weekly basis. This indicates a weakening outlook for the CAD against the CHF, supporting a bearish perspective on the pair.
Seasonality: Historically, CADCHF shows a bearish tendency between December 2nd and December 16th, pointing to a potential seasonal opportunity for short positions.
COT Report: CHF is near its lows, while CAD remains neutral. The report indicates a sell bias for CAD and a buy bias for CHF, suggesting potential opportunities in favour of CHF
Technical Analysis: CADCHF has been in a downtrend and forming lower highs (LH) and lower lows (LL) on the 1H timeframe. Currently, it’s displaying a bearish flag pattern, signalling the potential for the downtrend to continue. This presents a shorting opportunity if the price breaks below the most recent lower low."
Conclusion: Consider shorting CADCHF, as a combination of seasonal trends, fundamental factors, and technical indicators strongly support CHF over CAD.
Entry Price: 0.62559 (Sell Stop) Stop Loss: 0.62700 Take Profit 1: 0.6242 Take Profit 2: 0.6228