USD/CHF: Swiss franc slumps in mini 'flash-crash'; dollar up on

Hi Guys,

I post this chart after reading this article published by Reuters. Here is the link.
www.reuters.com/arti...-angst-idUSKCN1Q0025

Thank you for following and for sharing your ideas.

Disclaimer:
Please note that I am not a professional trader and these are my personal ideas only. The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. CozzamaraDaZena is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.

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I am not familiar with this pair but I found some interesting material here. It's a start. Lol
www.investopedia.com...nc-currency-pair.asp

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TO NOTE: The Swiss franc is a safe haven currency, meaning in times of market stress or high volatility the franc will appreciate, conversely, in a low volatility market when equities are moving higher, the franc will under perform. The Swiss franc and Japanese yen are considered the two most popular safe haven currency trades.

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ALSO: The USD/CHF tends to have a negative correlation with the EUR/USD and GBP/USD currency pairs. This is due to the positive correlation of the euro, Swiss franc and the British pound.

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HOW TO INVEST IN THE SWISS FRANC:
www.investopedia.com...vest-swiss-franc.asp

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After so many charts looking for clues I read this article on "why the swiss franc is so strong" and note that on January 15, the Swiss National Bank (SNB) unexpectedly removed the peg of 1.20 francs per euro. So let's look at EUR/CHF

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Here is the link to the article: www.investopedia.com...-franc-so-strong.asp

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One CONSIDERATION and one question: The US dollar is closer to the peg then the Euro. But will the Euro touch the blue line if the dollar touches it again?

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