CADCHF Buy
Updated
Waiting for a possible bullish breakout for CADCHF after the BOC rate hike last week and Canada's continuous economic growth attracts investors (not to mention the short-term recovery of oil lately). Monitoring closely esp on Thursday (or will close position) right before SNB's interest rate decision--expected to not have any changes, but when it comes to SNB, we never really know.
whichmortgage.ca/article/bank-of-canada-forges-ahead-with-rate-hike-as-economy-surges-230690.aspx
financialtribune.com/articles/world-economy/72035/canada-growth-attracting-investors
Daily:
Weekly:
Confidence: C (because of risk regarding SNB, need to monitor closely)
whichmortgage.ca/article/bank-of-canada-forges-ahead-with-rate-hike-as-economy-surges-230690.aspx
financialtribune.com/articles/world-economy/72035/canada-growth-attracting-investors
Daily:
Weekly:
Confidence: C (because of risk regarding SNB, need to monitor closely)
Trade closed manually
Pair most likely to go choppier in the near-future, closing now to lock profit for the week.
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