28/05/2019 In the 4H chart, which relevant mostly for swing traders, we can see the CAD/CHF is bearish. In the 1D chart, we can see
Forex Currency - The Swiss Franc – CHF
This currency is considered by many in the forex market to be a ‘neutral’ currency, echoing Switzerland’s political stance. However, to be correct, everyone in the forex market considers the Swiss Franc to be a haven, since it moves in a negative correlation to more volatile commodity currencies like the Australian and Canadian dollars, and the U.S. Treasury yields.
In order to ensure that the Swiss Franc is traded in a tight range, the Swiss National Bank stays active in the forex market. It keeps interest rates in line and reduces volatility.
Did you know?
Did you know the coins and currency-pairs have nicknames?
The Swiss Franc’s nickname is: Swissy!
See the latest analysis of the CHF pairs
Swing Price Action Analysis For EURUSD, CADCHF, And S&P500 Index By The5ers Proprietary Trading Fund.
For the upcoming week of the Forex market, I choose 2 pairs and 1 index, which was most clear for me to read their price