CADCHF Analysis, April 24, 2025
CADCHF on TF M15 shows a change in market character from bullish to potential distribution or even reversal. Although the previous uptrend was strong, the emergence of a weakness signal provides an opportunity for a sell entry with a conservative and disciplined approach to signal confirmation. Also pay attention to the fundamental factors of Canada and Switzerland as the main drivers of this pair.
If the price breaks through and closes below the 0.5950 level consistently, this could be a signal that bearish momentum is starting to take over. Sell entries can be made with a target of the 0.5920 level or even lower, depending on the strength of the decline.