ICFX

Swiss frank reached the bottom

Long
TVC:SXY   Swiss Franc Currency Index
Swiss frank, one of the strongest currencies of 8 majors, if not the strongest (as it has been in bullish uptrend since 1960) has gone through a period of consolidation (with bullish inclination) during recent years. Now after it reached the bottom of its consolidation channel, frank is going to go bullish next weeks. And after it has been cornered in a triangle I expect a further breakout upwards to previous monthly high level. Considering weakening usd and eur it will be safe to look for shorts in usdchf and eurchf next weeks.

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