Swiss franc tries to reverse trend with Canadian dollar in CADCHF

  • Apr 12 2021
  • by
  • Analyst AZA
Swiss franc tries to reverse trend with Canadian dollar in CADCHF

Swiss franc tries to reverse trend with Canadian dollar

For a long time, the Swiss franc did not show its strength in the forex currency pair with the Canadian dollar. The chart shows that the growing trend is broken, the price is below the 200 average and may continue to fall. We do not have a lot of range for the price, but considering that this is not a highly volatile currency pair, the 45 pips target is good enough.

Symbol: CADCHF
Order Type: Pending Order - Sell Stop
Entry Price: 0.73250
Take Profit: 0.72800
Pips Earning: 45

The result of a trade recommendation. The price reached the Take Profit level in a week.

The result of a trade recommendation at CADCHF

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In case of opening a position on this trading recommendation, the profit can be $450.00 with the order volume is 1.00 Lot.

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