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Franc

The Swiss Franc: The best FIAT currency in these troubled times?In light of the tragedy facing the international monetary policy, people who understand debasement know that it was the fall of many empires. From the Romans to the Middle Age Bankers. Bankers overpromise and underdeliver. In all the countries on earth Switzerland and China are the two currency likely to do well as the US loses its dominance by over-borrowing off the back of the World. Once the US is no longer able to sell its dollars to other countries, the world will be seeking safe heavens. On the FIAT side (unbacked by anything except the might and sovereignty of the country behind it), the CHF stands out here. The pattern is a descending triangle and indicates there will be a breakout for the Bull or Bears. I'm short the USD and reallocating all my assets out of the US until there's an indication that the US dollar bull is still alive. I think the USD is a zombie and it's such a monumental thing that everyone wants to ignore it for the most part. The world will reallocate assets outside the US for the time being. Why compete with the US Fed with your cash? They print the stuff with worthless IOU that conventional investors still believe in. It seems we need to get ready for hyperinflation. Reallocate to safe asset classes. CHF might be one of them if you think currency backed by nothing is still worth something. The Swiss hold 70% of their gold reservers on their soil. 20% is held in England and the other 10% in Canada where the Canadian MINT announced in November 2020 that will not secure it's MNT ETN! That means starting Feb 2021, if you own "paper IOU" from the Canadian Mint, they won't be able to delivery if there is "force majeure". 2021 might just be the year of "Force Majeure" As a side note, the Canadian Central Bank is the only one in the world without any more gold reserves, why: Speculation: Canadians are generally very honest. So the bankers report the actual gold held.It's a good thing Canada has no gold because it can't defend it against its neighbours. Other countries oversubscribed, loaned, sold their gold and there is no third part audit. I trust Canadian and Switzerland with its backing of its currency and between the two, the CHF is the safer FIAT IMHO.
Short
by UnknownUnicorn2413721
USDCHF Macro outlook 2020.09.19USDCHF has been trading in a range between 0.9200 and 0.9000 since late July. when it retests the top of its range at 0.9200. Elsewhere, they are confident the pair will eventually break through 0.9000. The most important even of the day is the Fed’s report today. It definitely will add fresh volatility to the market. in particular, await the Fed to deliver the dovish statement with economic guidelines up to 2023. The central bank may leave rates at low levels during this period. Even though the recent US data comes better than expected, Fed’s chairman Jerome Powell should stay uncertain and pessimistic over the recovery. As a result, the US dollar may plummet amid the Fed’s pressure as well as USD/CHF. Let’s look at the 4-hour USD/CHF chart. If the pair test the Resistance of 0.91xx, it may fall deeper to the low of September 1 at 0.9010. In the opposite scenario, if the price manages to cross the high of September 10 at 0.917x-0.918xx , the way towards the next resistance of 0.92xx will be clear. Thanks as usual for keeping the feedback coming 👍 or 👎
Short
by Ridethemacro
CHF/USD Short Position after Confirmation of ResistanceHere on CHF we are seeing two major important points that can determine the direction of our next trade. First of all we see that the price is really close to a horizontal resistance. This can gives us a nice risk-reward for a short position. Second of all, we see the price is following a trend line (roughly, it's not perfect admittedly). We can use this trendline to understand when we need to exit our short position. Basically it means that the price is trending upwards, and we should be conservative with our positions. Don't hold it too long, and exit relatively early. That's why I drew the orange line to bounce at around 1.1017. All other information can be found on the chart. Good luck! Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
Short
by Trading-Guru
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