Fundamentally Swiss Franc has a lower interest rate than most of other currencies out there, including USD.
This will help it depreciate against them.
Since mid January 2015 and after the CHF shock we have been in a steady uptrend. This uptrend got corrected to near it's 61.8% advance and now we are seeing a possible upward movement again.
The correction took the same amount of days (both calendar and trading) as the impulse.
There are two targets set, one for the medium run and one for the long run.
Hope you guys can benefit from this setup.
Have a nice week.
This will help it depreciate against them.
Since mid January 2015 and after the CHF shock we have been in a steady uptrend. This uptrend got corrected to near it's 61.8% advance and now we are seeing a possible upward movement again.
The correction took the same amount of days (both calendar and trading) as the impulse.
There are two targets set, one for the medium run and one for the long run.
Hope you guys can benefit from this setup.
Have a nice week.