I find the CAD the strongest currency at the moment, although it's not as strong as the CHF is weak. Anyway, this combination definitely favours a long position. But it's probably not the best moment to buy it yet, as the CAD got relatively overbought and the CHF is in a rising phase of its momentum cycle. That's why I decided to wait for a better buying opportunity closer to the median line.
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Disclaimer:
There is a very high degree of risk involved in trading forex. I assume no responsibility or liability for any trading or investment results. My posted statements and charts may unintentionally include inaccuracies. All content posted is for educational purposes only and is not a financial advice.
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Disclaimer:
There is a very high degree of risk involved in trading forex. I assume no responsibility or liability for any trading or investment results. My posted statements and charts may unintentionally include inaccuracies. All content posted is for educational purposes only and is not a financial advice.
