A chart analysis of the Swiss Franc

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Charts indicate that the USD/CHF could trade at 1.1200 and perhaps as high as 1.2350.

Swiss National Bank is intent upon driving the Franc lower (i.e., USD/CHF higher)

 
Note: This report represents the type of analysis routinely provided to members of the Factor Service. Members of the Factor Service have been advised for three weeks to be long USD/CHF. For information on the Factor Service, click "Subscription" on the upper menu bar. The membership rate for new members to the Factor Service will be increased by $100 per year beginning January 1.
When analyzing the charts of a commodity, stock or foreign exchange pair, it is always best to start with a long-term view and work towards the shorter-term. The 100-year chart of USD/CHF shows that the USD is extremely cheap in historical relationship with the CHF, as shown below. Market observers who believe the USD/CHF cross is overheated do not have a clue. The clueless bunch were screaming "overbought" on USD/JPY back in Jan 2013 when the cross was under 90 to 1, on its way to 123 to 1. USD.CHF 100 years Read More

Will Peter be helping traders develop their own trading methodology?

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This content is for members only

Webinar with Trade Navigator – Session 2: Classical charting principles that really matter

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Session 1 - Why 80% of novice speculators are looking for answers in all the wrong places Session 2 - Classical charting principles that really matter - this post  Session 3 - Risk management the Factor way (there was a sound issues in the recording, a playback is NOT available)   Read More