Today's market opened with a clear risk-off sentiment, leading to a decline in most risk-sensitive assets. Considering the launch of Deepseek, funded with $6 million, it's likely that major investments by the Magnificent 7 in OpenAI could face significant setbacks.
In a risk-off market, one of the strongest options is the Swiss Franc, known as a safe haven currency. Currently, the CAD/CHF pair is positioned perfectly to capitalize on this opportunity. 📊
💡 What are your thoughts on this analysis? Do you also see the Swiss Franc strengthening in today’s market?
In a risk-off market, one of the strongest options is the Swiss Franc, known as a safe haven currency. Currently, the CAD/CHF pair is positioned perfectly to capitalize on this opportunity. 📊
💡 What are your thoughts on this analysis? Do you also see the Swiss Franc strengthening in today’s market?
Trade closed: target reached
Trump’s tariffs and the prevailing risk-off sentiment in the market led this position to reach its target zone. Since the Swiss franc is a safe-haven currency that tends to be in demand during risk-off market conditions, its strength further contributed to the move. If a favorable setup emerges, I will share a new position on my Telegram channel.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.