USDCHF 6 Month Forecast

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The USD has been around a long-term downtrend against the CHF and has established a descending station as seen on the monthly chart. As you can see on the chart, the USD has tested the underside fashion line of the station. Thus far, the station has held as service, and the momentum indiors are signalling a rise up to test the sma close. All four moms are in agreement pointing up, together with all the one candle mom. When this happens, it signals a 5 sma retrace by the yellow 5 sma touching. A 5 sma retrace is a pullback in price to the amount in which the average closing price of the last 5 candles resides. This price level is a fantastic bet to find brief on the continuation of a trend. A break above this amount will signify that a bottom is in place, and the price may spike upward on prevent losses to test the center of the station area which is defended by the audience resistance of the green 22 sma and the blue 14 sma. A break above there would test the channel's upper end around the descending trendline that is white.

The USD began to strengthen against the Euro in November, then went right into a large consolidation in December and January. There is an annual pattern of USD strength in the Thanksgiving/Xmas year until Easter/Memorial Day. When Things looked all Doom and Gloom for the USD it rallied last autumn, and matters were Doom and Gloom for the Euro. The Euro has shrunk back, and so will the USD.
Search for eur/usd to pull back from those current prices to long term support price levels.
Aud/usd can pull back to a fantastic buying opportunity if the USD creates a run.
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