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#1 K Wave

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Posted 30 October 2018 - 01:44 PM

This thing has a MASSIVE multi-year base formed on it, and after a couple of failed attempts to crack through 1.00 upside, it is very close to breaking the tops of those failed attempts to a fresh multi-year high.

 

All it would take now is one long daily candle around here to likely kick off a Multi-Year Advance.....

 

Too lazy to go through the hoops to post an image.

 

Set this chart to weekly or monthly, and it gives a pretty good idea how important this level is, and good look at the base...

 

https://www.dailyfx.com/usd-chf


Edited by K Wave, 30 October 2018 - 01:45 PM.


#2 SemiBizz

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Posted 30 October 2018 - 03:16 PM

Tune in to Kubota "Trick or Tweak" announcement tonight...

 

I expect if he delivers... we're going to see USD/CNH LAUNCH over 7... not just test... LAUNCH !


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#3 K Wave

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Posted 31 October 2018 - 12:06 PM

Barring disaster into the close here today,USD CHF is going to close with the highest monthly close since 2016.

And just a few cents away from taking out monthly closes all the way back to 2010...



#4 SemiBizz

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Posted 31 October 2018 - 12:33 PM

SNB's Jordan: Switzerland could be among countries worst hit by trade war

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Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

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#5 K Wave

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Posted 01 November 2018 - 10:44 AM

Here comes the back test of the big round number. If it holds 1.00, and then takes out yesterday high, then likely off to the races.

 

If it can't hold the big round one, then possibility of yet another failed move above 1.00

 

Moment of truth could be dead ahead here....