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Swiss

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 - Drop to the zone and riseWith so many people now Long DXY, it's going to keep collecting liquidity for the sharp rise. It's now all about timing, Asset Managers and Leveraged funds are still short. Let's see what COT data shows tonight. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s and Forex. Hence each trade setup might have different hold times, entry or exit conditions and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Long
by Mayfair_Ventures
2
GBPCHF Channel TradingGBPCHF has ben channeling for 3 weeks now and still holding. Long term direction is still down and I am looking to place a sell near the top channel. Again, I am only looking at sells as that is the main direction. If you do plan to buy at the bottom of the channel make sure you set short stop losses. Indicators: 1. RSI on daily and 4 hr in sell zone. 2. Channel holding strong. 3. Overall GBP pairs are weakening. Entry 1 @ current price of 1.1889 Entry 2 @ 1.1975 TP @ 1.1810 Good luck and let me know if there are any questions. Charles V CVFX Management Trading made Simple
Short
by cvfxwealth
2
Will MBTN close this week with an ok, good or GREAT performance?This week, Meyer Burger exceeded all bullish expectations and crushed resistance after resistance. Starting monday morning at shy 0.2470, Meyer Burger did not just cut itself through the 0.27 resistance as it would be butter, it also even overshot the blue channel forming since the corona crisis. Meyer Burger's price did not stall until over 0.33 which was a weekly gain of about +35% (!). Understandably, at some point there were not enough buyers anymore for this moment. Hence, the price is today retracing a bit from the high of 0.3340 (!) to currently 0.2844, a seemingly horrible day with a loss of -8.99%, but one has to remember it is still a great performance of +15% for this week. Possible closes: price > ~0.29 / the blue channel -> GREAT 0.29 > price > 0.27 -> GOOD 0.27 > price > 0.25 -> OK Summarized, as long as the price stays over 0.27, it's a very bullish sign technically speaking. (So watch that level in the next time)
SIX:MBTNLong
by nico14
1