At a first glance the behavior of the market appears odd. FED hiked the interest rate, but the various currencies reacted with sharp and strong movements against the USD.
My prognosis that USD/CHF will fall, however, came true.
When it came to this pair I followed the logic of what I saw on the chart, rather than what should happen with such a (at a first glance) strong dollar.
Of course, by principle I have always preferred technical to fundamental analysis.
Either way, there is a very real chance that the USD/CHF pair will reach the limit of the pennant pattern it formed, and that means that it will reach at least 0.9843.
Very good breakdown.
ReplyDeleteGood tip! I'll keep it in mind.
ReplyDeleteGood take on markets!
ReplyDeleteGreat post, thank you.
ReplyDeleteGreat analysis as usual!
ReplyDeleteGood insight.
ReplyDeleteGood post!
ReplyDeleteGood analysis.
ReplyDeleteGood point! I´ll be watching to those levels.
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