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Rocketman
Feb 3, 2022 1:16 AM

USDCHF: Tastefully Bullish Long

U.S. Dollar/Swiss FrancFXCM

Description

Fundmentals:
See previous analysis of the US dollar....

Technicals:
Horizontal support
Divergence
Rising RSI and other indicators
Rising Trendline
a-b-c extension fulfillment
Possible Wave 2
61.8% support confluence with horizontal support

Target:
Upper part of the rising daily channel @ 0.9415 to 0.96, where I believe the minimum limits of wave 3 starts to end if there is a push toward that level from where price is now on the daily chart.

***This thesis is barring that forth coming macroeconomic data releases confirm a durable and resilient economy in NFP if not forward guidance and/or positive market speculation on the pace and size of US Fed tightening by March 2022 or April 2022.***

Comment

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Comments
UnknownUnicorn493766
Righto then
Rocketman
@gremic, I still believe that USDJPY is a more advantageous pair:
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