JimMakos
Short

Swiss Franc to regain momentum?

FX:USDCHF   U.S. Dollar / Swiss Franc
203 2 2
USDCHF             downward trending channel paves the way.

After Swiss Franc             confirmed the channel's upper band, this month's candlestick may be a good entry point to go short. Plenty of room to set profit targets.

For a more efficient entry point, go down to shorter timeframes, like the daily or even the 4h chart.

Do you agree USDCHF             will continue its decline?
SIMPLY LOOKS GOOT TO SHORT
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I am afraid big money will flow to the save haven of Swiss banks, driving CHF. Depositors that use off shore accounts can usually keep any currency they like, but I can't find any facts about what is actually held. Technically, this downtrend looks like it is set to resume, which is of most importance. The SNB & BIS may not intervene vs USD. What is going to happen??
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