CADCHF weekly data is suggesting an incoming price shift to the upside soon.
KEY NOTES:
Weekly HIGHER LOWS on histogram. SIGNIFICANT ACCUMULATION on weekly data. BREAK in Weekly Downtrend line. An incoming breakout in OIL price (after correction) equates to strong CAD.
Spotted at 0.6650
TAYOR Safeguard capital always.
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up by +110 pips so far. more to go based on weekly data.
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Weekly data update:
CADCHF is detaching itself from the descending support -- creating a higher new base. This 'maybe' a hint already of a forthcoming shift / reversal to the upside for the long term.
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