Want to talk a bit more about safe haven currency in the market. Since the recent tension between Russia and Ukraine, the safe haven currency could strengthen as a result of such uncertainty in the world.
We will take a look at some past history of these currency pairs, how they react to the market at the time, and what could we reasonably expect in the current market conditions.
Safe Haven Currency USD JPY CHF
It's in our interest to look for opportunities when a strong currency is paired with a weaker one. This generally will move the price very impulsively with strong momentum.
Pair such as these below will potentially develop the best price action for good R:R trades.
AUDUSD
NZDUSD
USDCAD
GBPUSD
AUDJPY
NZDJPY
CADJPY
GBPJPY
AUDCHF
NZDCHF
GBPCHF
CADCHF
Always have good risk management when it comes to entering. Don't enter all the pairs, don't open too many positions, and understand correlation between the currency pairs.
Thank you
DISCLAIMER: -My forecast and analysis are NOT trading signals nor financial advice, you should not enter trades and invest solely on this information.