It has been a long time since my last analysis of the Swiss Franc. This market is set up for a decline. The COT report is very bearish, our valuation model shows CHF is way overvalued. Cycles and seasonal and Intermarket forecasts show a potential decline almost till the end of this year. Everything is very bearish. Sounds too good to be true. We have signs of Wyckoff distribution on a daily chart. The short-term oscillator is oversold. So, there is a possibility we will see a rally coming few sessions followed by the formation of a sell signal.
