Strifor || USDCHF-Mid-term view
Preferred direction: SELL
Comment: The Swiss franc also performed well on our previous trading ideas, where the entry strategy was “border to border”. The medium-term prospects here are also not in favor of the US dollar, but in the long term, we consider USDCHF more in favor of the buyer.
At this stage, for a medium-term sell-deal, we highlight two scenarios, where theScenario №1 is more likely and involves a false breakout of the upper balance line. Scenario №2 also assumes a false breakout of the upper border, but deeper towards the level of 0.90000. For now, we consider the target to be no lower than the lower border of the balance, namely the level of 0.87610.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for boost and share your views!
Comment: The Swiss franc also performed well on our previous trading ideas, where the entry strategy was “border to border”. The medium-term prospects here are also not in favor of the US dollar, but in the long term, we consider USDCHF more in favor of the buyer.
At this stage, for a medium-term sell-deal, we highlight two scenarios, where theScenario №1 is more likely and involves a false breakout of the upper balance line. Scenario №2 also assumes a false breakout of the upper border, but deeper towards the level of 0.90000. For now, we consider the target to be no lower than the lower border of the balance, namely the level of 0.87610.
Additional comments on this trade will be provided as situation changes. Follow us!
Thank you for boost and share your views!
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