15.11.201914:00 Forex Analysis & Reviews: Dark horse: Swiss franc may surprise the market

Watching a series of confrontations between the dollar and the euro, as well as closely monitoring the dynamics of the pound, the market lost sight of a kind of dark horse - the Swiss franc. Non-dormant experts, analyzing the situation, came to the conclusion that this currency can surprise the market next year.

According to preliminary calculations, the "Swiss" can go to the bottom in 2020. Analysts recommend betting on it, since the sale of Swiss currency can bring significant profits to investors. Specialists guarantee 100% income in the event of such a transaction.

The peculiarity of these analytical calculations is that they were performed using quantum calculations. Artificial intelligence calculated all the pros and cons of the situation before issuing such a solution. Experts completely trust it in this matter.

According to the calculations of three quantum models, whose time horizons extend from one to six months, two "bearish" signals and one neutral signal were received with respect to CHF. When considering the reverse price model, which analyzes the dynamics of exchange rates over six years, experts unanimously announced the swift collapse of the Swiss franc and its further sale.

Earlier, the Swiss currency was in the top three of the G-10. According to experts, the franc was overvalued against the US dollar. In the near future we should expect its noticeable weakening, experts sum up.

Since the beginning of this year, the Swiss franc fell 0.6% against the US currency. On the morning of Friday, November 15, the Swiss currency was trading at moderately high positions within the range of 0.9908–0.9909.

However, in the future, the negative predictions of analysts regarding the pair USD / CHF began to come true. The pair plunged sharply to the levels of 0.9893–0.9894 and is currently in this range.

More recently, the Swiss franc was considered a safe haven for those who are concerned about trade conflicts and a slowdown in global economic growth. Investors were attracted by factors such as the stability of the Swiss economy, the current account surplus and the country's public debt to GDP ratio of only 40%, compared with 82.3% in the United States.

Furthermore, according to the largest bank JPMorgan Chase & Co, the Swiss was recognized as one of the three best currencies. It served as a defensive asset during the last five economic downward turns in America. However, the Swiss currency can bring a number of surprises now, coming out of the shadows. These changes can be either with a plus sign or with a minus sign, analysts summarize.