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Swiss Franc/USD (3M) green paper is always greener

Swiss Franc/USD (3M) green paper is always greener

Hello, it has been a long time. With the crazy market moves lately I did not really had much time to create free content while I had to manage all my different trade.
Anyhow, I think I may have something of value today that I want to share with you.
Let us look at the Swiss franc / US dollar exchange rate.
I take the 3 month timeframe because Forex moves are often long to take place and long lasting when a trend is established.

snapshot

After a long period of upside, the CHF enter a consolidation range from OCT 2014 to JUL 2020
I think that we are assisting at a breakout of the range to the upside.
Meaning that the money is flowing out of the dollar into the Swiss franc . That may be the beginning of a trend.
snapshot

Both the RSI and the stochastic RSI are pointing up,
with the monthly RSI evolving outside of the Bollinger band above the top band. That is bullish in my opinion.
snapshot

The reversal will only be confirmed at the end of Q3 end of September 2020.
I would consider selling CHF again only if the change close below 0.997$ again on a quarterly basis.

As time goes by, I will keep you updated on the evolution of the chart, so make sure to follow me on Tradingview
Thank you for reading to this point. If you have any questions or requests, fell free to ask.
@Djio_
Donations are welcome /BTC:3L7VtbwdgQqDb3CpkwCbMc6yCGRNaGJvuJ /ETH:0x574C747712E1fecD2A786fbdE7785B588625f94B

Disclaimer: This is not financial advice as I am not a financial adviser.
This is just my knowledge on what can be said and done from the chart.
Due to the volatile nature of the market, everything can change on a day to day basis.
Everyone is wise to manage their risk properly when considering any trading decision or activities.


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