GoingUp:CADCHF

Wait 5 sec.

GoingUp:CADCHFCAD/CHFOANDA:CADCHFNKE_TheAn0malyCAD is in a long position against CHF. My supportive reasoning for going long on this trade is the Trend Channel is long on the 1week and the nearest SL is below the EMA 1week while the candles are above it. The Canadian dollar appear to have plenty of open play dates, but due to the recent transpiring of the United States government SHUTTING DOWN they most likely will be affected and its a MAJOR getting caught in the middle of that situation. Up Next is the Swiss franc who released their consumer price index, which reported lower benefiting the country’s efforts to raise their inflation due to a desire to increase activity and spending in their economy. Not sure how that is going to help with the newly found fear that’s being pumped into the market due to a certain government shutting down but they are in position to take the risk of a reduced rate when the time comes. All in All the market has appeared to want to enter into that greed phase for a while now and for now we will just have to wait and see. Until Next Time. Prosperous Trading and God Bless