I think that the usd/chf asset would renew its maximum and will go down.
The situation on the USD/CHF pair now looks intriguing. Would the USD reach parity again with the CHF? In the view of the ongoing bullish energy in the market, it seems likely today or next week. The price is currently in a sideways mode (in the short term), staying above the support level at 0.9950.
- #4,426
- Edited 10:22pm Nov 15, 2015 9:47pm | Edited 10:22pm
- Joined Sep 2014 | Status: Trader | 4,176 Posts
Is the time to buy CHF ?
- #4,431
- Edited 10:43pm Dec 2, 2015 7:51pm | Edited 10:43pm
At the end of every trend there are plenty of traders piling on to pick it up right before it bends. Possible levels marked below to buy from before the "trend traders" decide to buy. 
USD/CHF Technical view:
This pair dropped by 400 pips last week, turning bearish abruptly. There is now a clear Bearish Confirmation Pattern in the chart, because the price has already gone below the great psychological resistance level of 1.0000. It might require some difficulty for the USD/CHF pair to go above the great resistance level again, owing to its negative correlation in the EUR/USD pair, and the fact that CHF itself might rally in the middle of December.
This pair dropped by 400 pips last week, turning bearish abruptly. There is now a clear Bearish Confirmation Pattern in the chart, because the price has already gone below the great psychological resistance level of 1.0000. It might require some difficulty for the USD/CHF pair to go above the great resistance level again, owing to its negative correlation in the EUR/USD pair, and the fact that CHF itself might rally in the middle of December.
- #4,435
- Dec 10, 2015 3:44am Dec 10, 2015 3:44am
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,152 Posts
Buyers found @ prior resistance now support .
Money moves the market, not an indicator.
