USD/CHF forecast for the week of August 17, 2015, Technical Analysis

The USD/CHF pair initially fell during the course the week but did bounce around to show signs of volatility. The ultimate candle of course is a bit of a hammer, so that suggests that we are going to go higher. We believe that a break above the top of the hammer sends this market looking for parity but quite frankly we aren’t even going to wait for that signal, we are buying off of shorter-term charts and aiming for parity and above. As long as we are above the 0.95 level, we can only buy this market.