March is not a promising month for UsdChf (in 7 of the last 8 years the change has dropped), but certainly the graphical structure encourage an important reaction of the dollar towards a classic risk-free as the Swiss franc, at least in the short term.
Obviously, the trend started in May 2013, when UsdChf was positioned 10 figures above the current level, is still ongoing, but the cyclical analysis and the lower wall of the Bollinger band on a weekly scale seem to confirm a possible rebound.
Concerning the cyclical analysis, the daily chart shows an excellent 45 days cycle that has been intercepting the lows of UsdChf for one year. Surgical precision in December, October, August, June and April 2013, i.e. starting from the bear market. So this element seems to confirm a plausible return to area 0.90/0.91, the real test in an enlarged temporal optical.
Obviously, the trend started in May 2013, when UsdChf was positioned 10 figures above the current level, is still ongoing, but the cyclical analysis and the lower wall of the Bollinger band on a weekly scale seem to confirm a possible rebound.
Concerning the cyclical analysis, the daily chart shows an excellent 45 days cycle that has been intercepting the lows of UsdChf for one year. Surgical precision in December, October, August, June and April 2013, i.e. starting from the bear market. So this element seems to confirm a plausible return to area 0.90/0.91, the real test in an enlarged temporal optical.
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