Hello, this analysis will only be valid until Wednesday 16.12, until the FOMC rate decision. Theortically, until 0.9050 / 55 the seller have an advantage, and short positions around 0.90 have a chance of execution in the case of the so-called USD shorts covering ahead the Fed: Selling rallies towards the supply zone 0.8995 / 9030 Stop above 90.55 1st target:...
The USD currency has gained a lot of momentum in the past 48Hours and unfortunately the strength seems to be fading away. USD/JPY is reflecting signs of weakness on the major support level but you may expect to see some spikes before it starts to buy. CAUTION: I'm not a financial advisor or a certified forex trader, i'm just a guy with an idea Yours Crispen...
USD/CHF - Most of the majors are brewing to further movement! Technical aspects: At this current moment of time we are within the range of - Support: 0.89970 & Resistance: 0.92000 (You could play the range play until it breaks) If we break below: 0.89970 we could even formed a bear flag. However, For further development regarding CHF Pair - An Inverse H&S...
The master pattern unfolds methodically and it does not care about your feelings. Please trade with caution if you want to ride one of these waves, and trade at your own risk.
Possible short movement to the downside on the Daily.
It has been a long time since my last analysis of the Swiss Franc. This market is set up for a decline. The COT report is very bearish, our valuation model shows CHF is way overvalued. Cycles and seasonal and Intermarket forecasts show a potential decline almost till the end of this year. Everything is very bearish. Sounds too good to be true. We have signs of...