munyaelliott

USD/CHF 1-HOUR TIMEFRAME LONG

Long
FX:USDCHF   U.S. Dollar / Swiss Franc
If you are reading this, then you might be late. Prices have bounced off the 0.01750 support level, which is in confluence with an ascending trendline. Further upside is expected. A bullish US dollar is a common topic in the market these days, especially with the US dollar index trickling higher. I am not a Trump supporter, but you gotta pay respect to where your pips come from. This guy has just went head on into a trade war with China, and i have to admit, i thought he was going to get outplayed, but even today, his stance is still strong. Of course fears still exist, but which market is ever stable? Who remembers how he almost got us into World War 3 with North Korea, but brokered our way out.

The US economy continues to surprise doomsday theorists who always look at the trade deficit and think the next market collapse is around the corner. With lower interest rates and a recent GDP growth of around 3%, the United States of America is on the way to the moon.

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