Anyhow, I think I may have something of value today that I want to share with you.
Let us look at the Swiss franc / US dollar exchange rate.
I take the 3 month timeframe because Forex moves are often long to take place and long lasting when a trend is established.
After a long period of upside, the CHF enter a consolidation range from OCT 2014 to JUL 2020
I think that we are assisting at a breakout of the range to the upside.
Meaning that the money is flowing out of the dollar into the Swiss franc . That may be the beginning of a trend.
Both the and the are pointing up,
with the monthly evolving outside of the above the top band. That is in my opinion.
The reversal will only be confirmed at the end of Q3 end of September 2020.
I would consider selling CHF again only if the change close below 0.997$ again on a quarterly basis.
As time goes by, I will keep you updated on the evolution of the chart, so make sure to follow me on Tradingview
Thank you for reading to this point. If you have any questions or requests, fell free to ask.
Donations are welcome /BTC:3L7VtbwdgQqDb3CpkwCbMc6yCGRNaGJvuJ /ETH:0x574C747712E1fecD2A786fbdE7785B588625f94B
Disclaimer: This is not financial advice as I am not a financial adviser.
This is just my knowledge on what can be said and done from the chart.
Due to the volatile nature of the market, everything can change on a day to day basis.
Everyone is wise to manage their risk properly when considering any trading decision or activities.