Question: if someone held a gun to your head, and forced you to pick a 5 year+ forex pair that would capitalize on a USD bull market, which pair would it be?
Answer: USDCHF
The Swiss Franc has long since lost it's save haven status, and its largest trading partner is the EU, the failed 4th Reich. The Dollar remains the most sought-after currency in the world.
USDCHF has been in a 6 year basing pattern. With the formation of an inverse Head and Shoulders pattern, within a larger rising wedge, it may be the time to begin initiating long positions in this market.
Three targets are marked in purple. This is a long-term bullish USD trade, with a time horizon of 2-3 years.
Answer: USDCHF
The Swiss Franc has long since lost it's save haven status, and its largest trading partner is the EU, the failed 4th Reich. The Dollar remains the most sought-after currency in the world.
USDCHF has been in a 6 year basing pattern. With the formation of an inverse Head and Shoulders pattern, within a larger rising wedge, it may be the time to begin initiating long positions in this market.
Three targets are marked in purple. This is a long-term bullish USD trade, with a time horizon of 2-3 years.