CHF - the conservative chief & save haven since 2007!
CHF - the conservative chief & save haven from the land of mountains since 2007!
The price action for the CHF of this year 2022 is interesting, because the CHF did not start to become more expensive again after Russia’s war of aggression at the end of February 2022, as anyone could instinctively emotionally rationally could thought. But the actually rally started mid-May 2022. It is possible that most of the market participants at this time realized that the conflict in eastern Ukraine will only be brief. And then, in May 2022, looking back, the bullish price action even started. And/Or may be I attribute too much importance to Russia's aggressive war attack on eastern ukraine in the nominal price action of the CHF. However, important is to know that the nominal CHF Index is in an intact upside trend since october 2007 with a low price of 4.5905! This is an upside trend of 15 Years! Anyway, the most important price action ares for the next days, weeks and/or months are ...
By the way, the formula for the CHF Index is ( CHFAUD + CHFCAD + CHFEUR + CHFGBP + ( CHFJPY / 100 ) + CHFUSD )
And it goes without saying - of course - that I continue to prefer the bullish side of the CHF. But only as long as the CHF index is trading above 7,0000. Even also above 7.0776 and/or also 7.0731 - the historical interim high of 2020, as well as the annual high of 2021. Because if the CHF should trade below 7.0000 again, what i don`t except today, the market, even the mass of traders and/or investors, could assume that the high in the CHF index during the corona virus outbreak, was something like a trend reversal, in the historical context. Therefore stay long above 7.0000. And/Or also the upside-trend-channel, which just started above 7.0000, 7.0731 & 7.0776...
May the price action is with you :
Aaron
Use this technical analysis and/or technical indicators as a learning aid
- not as a recommendation for action (buy/sell or not to trade).
The price action for the CHF of this year 2022 is interesting, because the CHF did not start to become more expensive again after Russia’s war of aggression at the end of February 2022, as anyone could instinctively emotionally rationally could thought. But the actually rally started mid-May 2022. It is possible that most of the market participants at this time realized that the conflict in eastern Ukraine will only be brief. And then, in May 2022, looking back, the bullish price action even started. And/Or may be I attribute too much importance to Russia's aggressive war attack on eastern ukraine in the nominal price action of the CHF. However, important is to know that the nominal CHF Index is in an intact upside trend since october 2007 with a low price of 4.5905! This is an upside trend of 15 Years! Anyway, the most important price action ares for the next days, weeks and/or months are ...
- 7.5125 on 09/22/2022 was the intraday high while GBP sell-off
- 7.2807 on 09/22/2022 was the intraday low while GBP sell-off
- 7.3967 on 03/19/2020 was the intraday high while corona virus outbreak
- 7.0776 on 10/20/2020 was the temporary high after 1st significant low after highs while corona virus outbreak
- 7.0731 on 12/06/2021 was the temporary high after 2nd significant low after highs while corona virus outbreak
- 6.7788 on 06/05/2020 was the 1st significant low after highs while corona virus outbreak
- 6.6124 on 04/01/2021 was the 2nd significant low after highs while corona virus outbreak
By the way, the formula for the CHF Index is ( CHFAUD + CHFCAD + CHFEUR + CHFGBP + ( CHFJPY / 100 ) + CHFUSD )
And it goes without saying - of course - that I continue to prefer the bullish side of the CHF. But only as long as the CHF index is trading above 7,0000. Even also above 7.0776 and/or also 7.0731 - the historical interim high of 2020, as well as the annual high of 2021. Because if the CHF should trade below 7.0000 again, what i don`t except today, the market, even the mass of traders and/or investors, could assume that the high in the CHF index during the corona virus outbreak, was something like a trend reversal, in the historical context. Therefore stay long above 7.0000. And/Or also the upside-trend-channel, which just started above 7.0000, 7.0731 & 7.0776...
May the price action is with you :
Aaron
Use this technical analysis and/or technical indicators as a learning aid
- not as a recommendation for action (buy/sell or not to trade).
- SMA Cross 100 & 200: to get an overview about the midterm and/or longterm price action trend
- Zig Zag 1 & 5: to get an overview about 1% breakouts of last 5 trading days
- Ichimoku 5 & 5 & 20: to get an overview about the price action trend of the last 5 and/or 20 trading days