Price Action Analysis on CAD/CHF for Swing Traders
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
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 the coins and currency-pairs have nicknames?
The Swiss Franc’s nickname is: Swissy!
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
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
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