Monday, June 27, 2022

Correlation Analysis: CADCHF, USDCAD, USDCHF at key levels
1 mins well spent

Correlation Analysis: USDCAD + USDCHF = CADCHF

CADCHF is moving in a downtrend forming lower highs, lower lows in 1-hour timeframe chart.

cadchf fall from lower high

Now, CADCHF starts to fall from a lower high of the downtrend line.

In another side, USDCAD reached the Lower Low in 4-Hour timeframe Chart.

USDCAD reach lower low in h4 tf

USDCHF reached the Support Level in 1-hour timeframe chart.

USDCHF reach support level in h1 chart

Both USDCAD and USDCHF are correlated together in CADCHF currency pair.

Technically CADCHF standing now at the lower high of Downtrend.

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