danielanthony92

USD/CHF bearish analytics [May 17, 2017]

FX:USDCHF   U.S. Dollar / Swiss Franc
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3
Pair is under pressure is actually very predictable, because we can see before the price of gold has increased remarkably. Fundamentally, the Swiss-currency which is a safe-haven when the global economy is volatile, tends to strengthen; Coupled with the strengthening of gold , it is very predictable strengthening this pair.

The price movement has sharply dropped through the weekly line MA50 and MA100, this condition is reinforced by the turbulent political issues of the US and the strengthening of gold prices, as one currency with the nickname "liquid gold", predicted this pair will continue to fall until the target of this entry is at 0.967 and 0.954.

note: http://www.babypips.com/school/undergrad...
Trade closed: target reached: UPDATE May 23, 2017,

This pair price is now stuck by Monthly MA100 line, I think we better play safe by taking 50% profit first. After that you need to see the price action, if there appears an indication of price 'bottoming', take profit of all these shorts

Cheers!

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