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USD/CHF shows a bullish Bias

The most telling picture in Usd/Chf is the weekly chart
Usd/Chf weekly chart
We can see the trendlines moving the price up, and we can also see that any retracement down
is quickly countered by a strong move up,
the latest candle is a strong bullish engulfing candle, and it is most likely that Usd/Chf will continue its move up
The fibonacci expansion level of 61.8% of the last weekly move up provides us with a target just below 0.99
Also, on the weekly chart we see that the Stoachistic indicator…
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AdamFx42 avatar

Daily trendline has been tested immidiately after I posted my prediction,
and price shot up as I predicted - putting in a new high, around 0.98
The higher high, and higher lows still make this pair a bullish one,
and price should move up higher now

AdamFx42 avatar
AdamFx42 19 Dic

After some deeper retracement towards 0.96 - due to Usd/Jpy weakness - the pair is again challenging 0.98, if it breaks my target should prove correct

AdamFx42 avatar
AdamFx42 19 Dic

Daily trendline that i drew on the chart is holding price above it once again, and the target area - the weekly 61.8% fibonacci expansion level should be hit before the end of the month

AdamFx42 avatar
AdamFx42 29 Dic

My target area has been reached, and the prediction has played out very well,
if 0.99 can hold the price below it for a few days then I will be close with my prediction,
as long as 0.98 is still support    ---  need about 20 pips down for it to be perfect

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