Today’s CAD/CHF signal
Risk 0.5%
Trade can be taken anytime.
Trade 1 – sell
Sell CAD/CHF pair at 0.7385
stop loss and 0.7490
take full profit and 0.7325
CAD/CHF Analysis
The CAD/CHF pair has been interesting recently, as the market has been grinding lower. This is a market is going to be correlated with oil to a point, after all the Canadian dollar is part of it, but the reality is that it’s more or less a “response/risk off” type of situation. The Swiss franc of course is a safety currency while the Canadian dollar is highly leveraged to commodities. With this, I feel that it’s only a matter time for this market breaks down yet again. Rallies could be selling opportunities as well, as we continue the long gradual grind lower.
