I started to trading forex recently and it can´t be coincidence, that all assets are at the end of some big cycle. In this part 1, I will explain you, why this chart of USD/CHF is bullish and why it means, that some huge problem will appear accross all financial assets.
USD/CHF had nice bounce from bottom, that was set during March. This bounce had 5 waves, so we are currently in uptrend. Price action is sideways for already 2 months, but I think, that downtrend correction is already finished and USD/CHF is ready to continue in uptrend.
But why does it mean, that storm is coming ? Whenever you sell stocks, whenever is fear everywhere, people are holding cash - and if you sell stocks, you get USD, if you sell gold, you get USD, if you sell bitcoin you get USD (or USDT). I am expecting, that USD will be the strongest currency for next weeks/months, that means, that people will be mainly SELLING.
Also dollar index looks ready to move up, on the other hand Swiss Franc index should be setting top right now. USD/CHF should be one of the strongest forex pairs for next weeks/months with strong uptrend.
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USD/CHF is still falling, but when I look at the chart of DXY (dollar index ), then dollar should be the strongest currency in the next weeks.