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DVNNY
Jan 17, 2020 8:36 AM

CHF Strength Coming To An end.  

U.S. Dollar/Swiss FrancFXCM

Description

Days upon days of strengthening Swiss Franc have given Dollar bulls no opportunity to take control of the market. I do firmly believe that we are coming to an end of this scenario and are paving way for a strong USD against CHF.

From a technical standpoint, an inverse heads and shoulders is forming on the hourly timefarme backed up by the daily hammer/pinbar. Should the daily candle close a bit stronger than it already is, would result in the formation of a morning star giving us about 3 confluences of incoming bullish momentum.

Id like to see price make a last kiss at 0.96302 to complete the Right Shoulder Formation and move upwards.
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