nicolas368
Long

USDCHF Long, Swiss economy having difficulties, US stronger

FX:USDCHF   U.S. Dollar/Swiss Franc
78 7 1
Since the pegging of the CHF to EUR was let go in January 2015, The USD has been gaining up on the CHF. The CHF will become weaker as recession is starting to hit Switzerland. CH             unemployment is increasing, Tourism is at a all time low especially with no snow in 95% of the ski stations. The outside demand for CHF is decreasing too due to less tourism. The economical situation of the EU, Switzerland number one export partner is not picking up, and Swiss firms are at their last hand of cards after having decreased cost and optimised production to stay competitive with a strong CHF. The swiss economy is tired and holding by a thread.

On the other hand the USD is stronger than ever, New anticipations of the next Fed Hike will push the USD up, Awaiting for inflationary data to be revealed beginning of 2016 will most certainly confirm all of the Fed decision and market long term strong growth (increase in price). Unemployment is low and constantly decreasing.
Piet.Hein
11 months ago
Nice trade, lets make pips together! Im on this one too!
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nicolas368 Piet.Hein
11 months ago
What did you get in at? I'm at 0.98715
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Piet.Hein nicolas368
11 months ago
0.9877 :D
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raegenius
11 months ago
I see and agree somewhat...however expect price to go down to about 0.9834 (trend line support area) before proceeding higher.

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nicolas368 raegenius
11 months ago
I agree with what you are saying. There is this possibility of it testing the support area, But not sure so I opened a small position and might increase it if it goes down as you believe. otherwise i'll be happy when it reaches 0.99 - 0.994 and then will see how it might reach the 1.00 or 1.1 depending on the pullback happening
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Piet.Hein nicolas368
11 months ago
Good strategy :)
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nicolas368 raegenius
11 months ago
Hey, Wow is it going for you on USDCHF? I reinforced my position Long at 0.98620 Today, However I closed all of it when my reach take profit came at 0.9940. I'm quite happy. Did you open a position or waited for your 0.9834 (Trend line support area)?
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