There are so many factors, that are telling me, that currect uptrend will be over very soon. Firts of all, if we look at the weekly chart, we can clearly see, that we are in big downtrend and from July 2011 we are in upwards correction. At the moment, price is testing very strong ressistence.
I am also big fan COT report (it shows open positions from biggest traders in the market) and if we look at dollar index, we can clearly see, that USD will soon or later go to the downtrend and on the other hand Swiss Franc has potential to grow.
And of course if USD currency will go down and CHF will go up, then USD/CHF pair will go sharply down.
I am also big fan COT report (it shows open positions from biggest traders in the market) and if we look at dollar index, we can clearly see, that USD will soon or later go to the downtrend and on the other hand Swiss Franc has potential to grow.
And of course if USD currency will go down and CHF will go up, then USD/CHF pair will go sharply down.
코멘트:
Finally dollar fell sharply and we got out of that raising wedge.