Looking to buy USDCHF as market seems to have bottomed for the time being. We've seen strong bullish momentum from the current support zone, showing buyers are now taking over.
Buying Confluences:
🚫5 Wave Impulse Move Complete. 🚫DXY Strength (Positive Correlation)Corrective Move Yet to Follow. 🚫3 Wave Corrective Move Yet to Follow.
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Like the DXY, USDCHF has similar price action on it. Price pumped up 146 PIPS today on the back of positive NFP data. Still at the start of the trend, so much more buying momentum en-route📈
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Like the DXY, USDCHF has also been building bullish momentum in the past 2 weeks. Currently up 80 PIPS from our support zone, with much more upside📈
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USDCHF Buy running £5,500 (130 PIPS) in profit within the Gold Fund for our investors📈
Price moving very choppy but overall moving how we expected it, from the first analysis which we posted live for you all. I’d be interested in keeping USDCHF open long term, as I do see potential for it to move higher throughout the rest of 2023.
Please update the USD CHF analysis if you can.
thanks a lot