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ptero1492
Mar 22, 2021 8:03 PM

USDCHF and Gold Inverse Short

U.S. Dollar/Swiss FrancFXCM

Description

This is technically overbought and may provide a roadmap into 2024

Comment

Nice rejection, not quite to the line, but firmly under the 100Mo MA. Downward trajectory is expected.
Comments
realisticRhino21327
I am from Switzerland and we do expect here CHF but also EUR to strengthen vs USD. Technical analysis might give us a hint, but in theory the US printing a few trillions for aid packages and infrastructure should actually be the real life kick starter no? It would seem obvious to me that investors runs to safe heaven, especially with an hyper inflated us stock market. the moment the bubble shakes it a little bit and everybody will start buying CHF, NOK etc. what do you think?
ptero1492
@realisticRhino21327, Yo Rhino! USD is probably going to weaken, not yet guaranteed but I am betting that it will, for the reasons you explain and more. CHF and any other safe havens (metals and commodities I believe will benefit most) will be a no-brain bet. The last few days have given me a lot more confidence in looking for a sub 85 DXY
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