CHF: Index chart
Weekly and daily paint a bearish picture for the Swiss franc overall.
It's interesting to see how well time at mode has mapped the different moves, timing or predicting price and time levels.
Next week after the close a weekly uptrend signal will have expired, but the interesting part is that the target has been exceeded and an interesting high might have been reached.
I'm long GBPCHF, but might consider adding other short CHF trades next week.
Negative rates, plus the SNB wanting to devaluate their currency is an interesting feature, for potential carry trades that might set up here.
Cheers,
Ivan.
It's interesting to see how well time at mode has mapped the different moves, timing or predicting price and time levels.
Next week after the close a weekly uptrend signal will have expired, but the interesting part is that the target has been exceeded and an interesting high might have been reached.
I'm long GBPCHF, but might consider adding other short CHF trades next week.
Negative rates, plus the SNB wanting to devaluate their currency is an interesting feature, for potential carry trades that might set up here.
Cheers,
Ivan.
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