J.Livermore
Long

USDCZK - 2 years range broken after central bank floor rate

70 1 2
Idea: go into the birth of a new uptrend.

Analysis: CZK fell sharply for years, only to limit the fall and then move into a flat 2-year range. Then a new fundamental appears on November 2013, the Central Bank will ensure support CZK when it will approach 20 vs USD. (27 vs EUR) so there was a "rock bottom" at 20 that appears. As the HKD             or CHF eg. That helped to break the range consolidation leading to the confirmation of a trend reversal (?).

So there is a very nice opportunity to profit in a new uptrend with limited risks.

Last hurdle: last high at 21.2302 but I think it won't be an issue as buyers would slowly appear with this neat configuration.

Rebounds

motleifaul
USDCZK
motleifaul about USDCZK 4 2 years ago
Wild guess, +20% since then.
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