#USDCHF: The Cold War of Currencies
The U.S. Dollar has been trying to woo the Swiss Franc for years now… but CHF isn’t impressed. It’s like dating someone who responds to your best pickup line with "Danke, aber nein."
Since peaking above 1.01 in late 2022, this pair has been stuck in a stubborn downhill ski slope that would make even a Swiss instructor proud. Lower highs, lower lows and now we’re hugging the 0.8120 zone like it’s the last fondue pot at a winter party.
📉 Volumes are thinning, confidence is fading, and if this descending love story continues, we might soon see a re-test of the ghosted zone near 0.8000 or worse, the never called-back ex: 0.78!!!
BUT zoom in, and there’s a flicker. A box range forming. Some might call it consolidation. Some might call it a dead cat bounce. But hey, hope is a strategy if you trade with stop-losses.
👉 Buyers, you're dancing on thin alpine ice.
👉 Sellers, you’ve been skiing downhill for a while don't forget gravity eventually levels out.
If USD doesn’t bring a surprise interest rate ski-lift, this might just be the quiet drift into the CHF woods.
Moral of the chart: Never underestimate a neutral country with a strong currency and no emotional baggage! Is the same like me Zero Emotions on Trading! With this strategy i gain gain and gain.. learn your own way and good luck..
#USDCHF #Swiss #CHF #DollarDilemmas #TechnicalAnalysis #RangeOrBreak #AlpineRejection
The U.S. Dollar has been trying to woo the Swiss Franc for years now… but CHF isn’t impressed. It’s like dating someone who responds to your best pickup line with "Danke, aber nein."
Since peaking above 1.01 in late 2022, this pair has been stuck in a stubborn downhill ski slope that would make even a Swiss instructor proud. Lower highs, lower lows and now we’re hugging the 0.8120 zone like it’s the last fondue pot at a winter party.
📉 Volumes are thinning, confidence is fading, and if this descending love story continues, we might soon see a re-test of the ghosted zone near 0.8000 or worse, the never called-back ex: 0.78!!!
BUT zoom in, and there’s a flicker. A box range forming. Some might call it consolidation. Some might call it a dead cat bounce. But hey, hope is a strategy if you trade with stop-losses.
👉 Buyers, you're dancing on thin alpine ice.
👉 Sellers, you’ve been skiing downhill for a while don't forget gravity eventually levels out.
If USD doesn’t bring a surprise interest rate ski-lift, this might just be the quiet drift into the CHF woods.
Moral of the chart: Never underestimate a neutral country with a strong currency and no emotional baggage! Is the same like me Zero Emotions on Trading! With this strategy i gain gain and gain.. learn your own way and good luck..
#USDCHF #Swiss #CHF #DollarDilemmas #TechnicalAnalysis #RangeOrBreak #AlpineRejection
Pasquale Scarfó
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Pasquale Scarfó
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.