USDCHF: Pullback in an uptrend

OANDA:USDCHF   U.S. Dollar / Swiss Franc
It appears like USDCHF will make a retracement here after breaking out of the current uptrend linear regression channel. I think we could expect it to act like USDJPY , and possible, gold , silver , nzdusd and the Euro .
I expect funding currencies to be weak in the long term, and the 6 month timeframe shows potential for a massive uptrend in this pair.

If you want to take the short, keep stops above the recent high, or if very aggressive, above 1.01655.
You can aim for a retest of the election daily highs give or take. After December FOMC, we'll have our answer, but remain vigilant for the longer term uptrend resumption thesis. Either way, this pair favors buying or selling oversold extremes, so also keep that in mind.

Good luck,

Ivan Labrie.
Comment: On track.
Comment: I'd watch and wait to go long here, same in USDJPY.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out