SaxoTV

With USD dominating, how about an alternative FX trade?

198 views
October 06, 2014 chf, chf usd, currency pairs, federal reserve, finance, fomc, forex, forex idea, forex market, forex markets, forex trading, fx, fx award, fx changes, fx crosses, fx exchange, fx forex, fx gbpusd, fx interbank markets, fx investing, fx market, fx markets, fx options, fx pound, fx regulation, fx saxo bank, fx spot, fx sterling dollar, fx strategy, fx trade, fx trade idea, fx traders, fx trades, fx trading, fx tradinging, fx trends, fx volatility, fx volatitily, fxallocationmodel, fxfx, fxmarkets, fxmonthly, fxoptions, fxspot, fxtrade, research, saxo, saxo bank, saxo tv, swiss, swiss franc, swiss national bank, switzerland, tradingfloor.com
Alex Joyner from Faraday Research has found a more exotic choice of FX trade in CADCHF, he's spotted an ascending wedge since the start of September. 
Alex says: "Following the incredible recent strength of the US Dollar, many of the more commonly traded currency pairs are looking seriously overextended. This has left them with very few potential trade setups that have an attractive risk to reward ratio.". 
With Swiss consumer price index figures die out tomorrow and Canadian jobs date expected to be positive on Friday this is a trade which could benefit from some weekly volatility.