CAD/CHF Weekly Analysis

📊 CAD/CHF Weekly Analysis
🔍 Technical Insight by Shaker Trading

🔻 Bearish Market Structure:

Strong Descending Channel (Weekly):
The pair is currently trading within a clear and strong downward channel, confirming the ongoing bearish trend.

Weak Demand Zone:
Although there is a nearby demand area, it appears to be relatively weak and may not hold under heavy pressure.

Oversold Conditions on RSI & MACD:
Both the RSI and MACD indicators are showing signs of selling exhaustion, indicating a possible short-term bullish correction.

📌 Trading Outlook:
We do not recommend selling at this level. A high-risk buy opportunity may be considered from the current price, targeting the next supply zones for a potential short entry once price reaches those areas.

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