USDCHF - what will happen next?
- in Dec 23 CHF was at highest levels since Asian Crisis in 2015 - most likely due to geopolitical dangers in Europe
- since then it rebound to the technical resistance at 0.90 (AB=CD) + Bearish Gartley D point, which has been recognized by the market, not respected yet
- SNB cut rates recently and will most likely continue doing so: the bankruptcies are at highest level in history and Swiss business believes strong Frank does'n help,
- Manufacturing PMI at 44 - again not funny
- Current Account to GDP = 9.5% - pretty well
- USD is expected to weaken
From technical perspective we should see the reflection from Resistance, yet i expect SNB to do what it takes to weaken CHF. They may succeed unless any black swans appar...
- since then it rebound to the technical resistance at 0.90 (AB=CD) + Bearish Gartley D point, which has been recognized by the market, not respected yet
- SNB cut rates recently and will most likely continue doing so: the bankruptcies are at highest level in history and Swiss business believes strong Frank does'n help,
- Manufacturing PMI at 44 - again not funny
- Current Account to GDP = 9.5% - pretty well
- USD is expected to weaken
From technical perspective we should see the reflection from Resistance, yet i expect SNB to do what it takes to weaken CHF. They may succeed unless any black swans appar...
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.