CHFUSD: Swiss Franc going sideways from here

In this chart I analyze the recent uptrend in the Franc. It appears to have ran into a wall, where the election day's low and the Brexit low sit, as well as a massive volume level, which will take time to break. I'd rather be flat here, and wait, we can look to buy dips in this or the Euro, or Gold or Silver probably meanwhile. This can serve as a hedge against our long positions in equities. I still see opportunity on the long side, not so much in the index, but in undervalued securities.

Good luck,

Ivan Labrie.

코멘트:

코멘트:

코멘트:

Looks like we may get the down move first.

코멘트:

It's a very interesting chart, let's watch it and see how it unfolds. For now, it's following my idea of sideways or slight downside action here.

코멘트:

Notice how we follow the arrow down as forecasted. So, it means we're not trending up, or we're in a correction of this potential trend reversal scenario.
Or, if we break down further, we're resuming an intermediate term decline.
The dollar uptrend is threatened by a possible recession in the US though, so, a safe haven currency like the franc could resume the longer term move up we see in the charts too. Interesting to watch the developments here and on treasuries.

코멘트:

It has the potential to turn up here today, but, if the recent low doesn't hold, it'll go to the arrow's target.

액티브 트레이드:

As expectec, 100% accurate forecast. Now time to go long and exit shorts.

코멘트:

If we regain the top of the range, we'll see a massive rally.

코멘트:

It appears to be trending up now, buy on dips.

코멘트:

Great moves here...