Here I have USD/CHF on the Daily Chart!
I am waiting for price to Retrace to the .87577 - .87379 area for a potential Buy Entry!!
If price finds support here, I will be looking to place a SL @ .86786 with a TP @ the .91913 - .93426 range!
I am waiting for price to Retrace to the .87577 - .87379 area for a potential Buy Entry!!
If price finds support here, I will be looking to place a SL @ .86786 with a TP @ the .91913 - .93426 range!
Comment:
Little is unchanged after the FOMC meeting!
Feds need to see more progress toward the 2% target before considering cutting rates meaning ... RATES HIGHER FOR LONGER!
*Possibly even until JUNE!
Price is still creeping closer to our .8757 - .8737 range! Be On The Lookout!
Feds need to see more progress toward the 2% target before considering cutting rates meaning ... RATES HIGHER FOR LONGER!
*Possibly even until JUNE!
Price is still creeping closer to our .8757 - .8737 range! Be On The Lookout!
Trade active:
Price came down into our range early this morning!
Buy Entry @ .8750!
Buy Entry @ .8750!
Comment:
Comment:
Unemployment Claims (USD) - 201k (16k Less than Forecasted)!
*Bullish read for DXY!
*Bullish read for DXY!
Trade active:
Second Buy Entry @ .8802
After the mixed results of Manufacturing and Services PMI, Price had made a big Bullish push, breaking the Falling Resistance. Once price made an attempt to break down lower and couldn't, I decided to take another Buy Entry!
After the mixed results of Manufacturing and Services PMI, Price had made a big Bullish push, breaking the Falling Resistance. Once price made an attempt to break down lower and couldn't, I decided to take another Buy Entry!
Comment:
Beautiful Bullish push into the overhead Resistance Zone to create New Highs this morning!!
Comment:
By the End of Last Week, Price was unable to break the overhead Resistance Zone!
-CHF has CPI released on Monday with a Bullish undertone to the forecast and then USD has a BUSY news week so BE VIGILANT!
-CHF has CPI released on Monday with a Bullish undertone to the forecast and then USD has a BUSY news week so BE VIGILANT!
Comment:
Price is coming back into my Entry Zone!!
Looking for a reaction in the .8757 - .8737 range again!
Looking for a reaction in the .8757 - .8737 range again!
Trade active:
Buy Entry @ .8765!
Beautiful reaction off the Zone and touch of the 200 EMA on 4Hr Chart!
Beautiful reaction off the Zone and touch of the 200 EMA on 4Hr Chart!
Comment:
Price is right back up at the Resistance Zone!
Comment:
Swiss National Bank CUT RATES!!!
&
Fed decided to HOLD RATES!
Fundamentally this explains why we are seeing this massive push to the upside to our Range Target!
&
Fed decided to HOLD RATES!
Fundamentally this explains why we are seeing this massive push to the upside to our Range Target!
Comment:
This week for news will be HEAVY on USD:
-New Home Sales (Mon), Durable Goods/Consumer Confidence (Tue), FOMC Waller Speaks (Wed), Final GDP/Unemployment/Pending Home Sales (Thu) & Core PCE Price Index/Powell Speaks (Fri)
*Most Forecasted to have BULLISH readings
So we could potentially see Price either push up to the Range Target OR could see Price position itself for another Retracement!
-New Home Sales (Mon), Durable Goods/Consumer Confidence (Tue), FOMC Waller Speaks (Wed), Final GDP/Unemployment/Pending Home Sales (Thu) & Core PCE Price Index/Powell Speaks (Fri)
*Most Forecasted to have BULLISH readings
So we could potentially see Price either push up to the Range Target OR could see Price position itself for another Retracement!
Comment:
We are seeing a HUGE push to the upside!!
I am anticipating price to possibly create a High in the overhead Resistance Zone @ .9080 - .9120!
-If price does descend before finishing to our Range Target, we could potentially look for another Buy Entry!!
I am anticipating price to possibly create a High in the overhead Resistance Zone @ .9080 - .9120!
-If price does descend before finishing to our Range Target, we could potentially look for another Buy Entry!!
Interested to see what is said during the FOMC meeting!!