Swiss Franc to R23.70 in 2024? Insane
As we know. The rich get richer.
The poor get poorer.
Well a rich and sustainable economy like Switzerland (one of the most expensive countries to live) is showing major strength for the Swiss Franc.
We are seeing a Cup and Handle form. The price broke above the brim level, came back down and jumped up.
This conservative entry is where all the demand and buying kicked in for the CHF.
So with the price above 200MA and with the upside momentum with CHF, we could see the target at R23.73
The poor get poorer.
Well a rich and sustainable economy like Switzerland (one of the most expensive countries to live) is showing major strength for the Swiss Franc.
We are seeing a Cup and Handle form. The price broke above the brim level, came back down and jumped up.
This conservative entry is where all the demand and buying kicked in for the CHF.
So with the price above 200MA and with the upside momentum with CHF, we could see the target at R23.73
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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