Today in forex trading the CAD/CHF had a trade signal for a buy on The Forex Heatmap® forex heatmap. This pair has cycled up to a heavy resistance level at 0.6940. Total movement cycle was about 65 pips. We would be scaling out lots here or possibly exiting the trade completely. Other pairs like the GBP/CAD moved much lower today as the CAD strength dominated the trading in the 8 currency groups we watch.
The market is mostly ranging and oscillating between support and resistance now. The heatmap signal you see below is for the CAD pairs, but the heatmap monitors 28 pairs and gives real time trade signals for 8 currencies in both forex trading sessions, which are the best times to trade the forex market. The forex market has two trading sessions, the Asian session and the main trading session.
CAD/CHF Trade Signal
CAD/CHF Trade Signal Chart