Idea: go into the birth of a new uptrend.
Analysis: CZK fell sharply for years, only to limit the fall and then move into a flat 2-year range. Then a new fundamental appears on November 2013, the Central Bank will ensure support CZK when it will approach 20 vs USD. (27 vs EUR) so there was a "rock bottom" at 20 that appears. As the HKD or CHF eg. That helped to break the range consolidation leading to the confirmation of a trend reversal (?).
So there is a very nice opportunity to profit in a new uptrend with limited risks.
Last hurdle: last high at 21.2302 but I think it won't be an issue as buyers would slowly appear with this neat configuration.
Analysis: CZK fell sharply for years, only to limit the fall and then move into a flat 2-year range. Then a new fundamental appears on November 2013, the Central Bank will ensure support CZK when it will approach 20 vs USD. (27 vs EUR) so there was a "rock bottom" at 20 that appears. As the HKD or CHF eg. That helped to break the range consolidation leading to the confirmation of a trend reversal (?).
So there is a very nice opportunity to profit in a new uptrend with limited risks.
Last hurdle: last high at 21.2302 but I think it won't be an issue as buyers would slowly appear with this neat configuration.
