Paraman666

Storm is coming accross all financial markets - part 1 - USD/CHF

Long
Paraman666 Updated   
OANDA:USDCHF   U.S. Dollar / Swiss Franc
I started to trading forex recently and it can´t be coincidence, that all assets are at the end of some big cycle. In this part 1, I will explain you, why this chart of USD/CHF is bullish and why it means, that some huge problem will appear accross all financial assets.

USD/CHF had nice bounce from bottom, that was set during March. This bounce had 5 waves, so we are currently in uptrend. Price action is sideways for already 2 months, but I think, that downtrend correction is already finished and USD/CHF is ready to continue in uptrend.

But why does it mean, that storm is coming ? Whenever you sell stocks, whenever is fear everywhere, people are holding cash - and if you sell stocks, you get USD, if you sell gold, you get USD, if you sell bitcoin you get USD (or USDT). I am expecting, that USD will be the strongest currency for next weeks/months, that means, that people will be mainly SELLING.

Also dollar index looks ready to move up, on the other hand Swiss Franc index should be setting top right now. USD/CHF should be one of the strongest forex pairs for next weeks/months with strong uptrend.
Comment:
USD/CHF is still falling, but when I look at the chart of DXY (dollar index ), then dollar should be the strongest currency in the next weeks.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.