CAD/CHF Forex Signal - 6 October 2016

|

By: DailyForex.com

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.

CADCHF

Christopher Lewis has been trading Forex for several years. He writes about Forex for many online publications, including his own site, aptly named The Trader Guy.