Market Leader informed
The Swiss government is going to increase tax incomes through raising transport fares in order to support the Swiss transport infrastructure.
The DETEC (Swiss Department of Transport) supports the government, saying that the allocated funds to maintain the transport sector are not enough.
The mentioned factor may cause the national currency (Swiss Franc) to decline in value.
The Department of studying Masterforex-V trading system notes that the mid-term sentiment of USDCHF is bearish. The price is currently finishing the formation of a 5-wave pattern а(С)/Сн4 started from the reference point of wave Вн8. If the strong resistance level (MF pivot) is broken trough with forming an upward fractal-zigzag reversal (FZR), the currency pair will initiate a full-grown correction against the bearish wave а(С)/Сн4. If the resistance level stays untouched and the price breaks through the base of the wave, the wave level will be increased through “the Hound of the Baskervilles by MF”. Consequently, the price will initiate a downward wave с(С)н4.
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Text: Alexandr Kvazarov, an expert of the Department of studying Masterforex-V trading system
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