USD FUNDAMENTAL OUTLOOK: BULLISH BASELINE With headline CPI above 8% and Core CPI seeing another acceleration in the SEP CPI data, the Fed is under pressure to continue hiking rates and ramping up QT. Markets expect another 75bsp hike in NOV and currently prices the terminal rate at 4.89%. The Fed is on a data-dependent (meeting-by-meeting) policy stance,...
USD FUNDAMENTAL OUTLOOK: BULLISH BASELINE With headline CPI above 8% and Core CPI seeing another acceleration in the SEP CPI data, the Fed is under pressure to continue hiking rates and ramping up QT. Markets expect another 75bsp hike in NOV and currently prices the terminal rate at 4.89%. The Fed is on a data-dependent (meeting-by-meeting) policy stance,...
The USDCHF pair is trading within a Channel Up pattern ever since it made its low on the 2021 Higher Lows zone (started January 2021) just below the 1D MA200 (orange trend-line) on August 11 2022. After another bounce on the 1D MA200, the price established the 1D MA50 (blue trend-line) as its Support and even tested and marginally broke (on a candle wick) the...
We'd a ascending channel with a resistance making higher highs, however the bottom line of support of the channel was crossed. So we put a horizontal support, to check what could happen to the price, and with this support we can see a possible retracement. We can also see the EMA line is changing the direction. And about the MACD indicator, the support had...
The CADCHF pair gave us a perfect buy 1 month ago after we spotted the RSI Bullish Divergence and the price rebounded strongly on the 1 year Support Zone: Our 1D MA50 (blue trend-line) target was successfully hit and now we see the price struggling to close above it. This continues to print the same sequence as the fractal that helped us spot the Bullish...
This here is my bias on the Swiss Franc against the Dollar. I expect the Swiss to strengthen, pushing the Dollar down towards $0.9690. We have finished the uptrend (Wave 5) & should now see a reversal, marking the start of a new trend or a correction. MINIMUM target should be below the previous Wave 4 ($0.9740), in order for it to count as a healthy...
USDCHF Intraday - We look to Buy at 0.9952 (stop at 0.9919) Daily signals are bullish. The trend of higher lows is located at 0.9950. We look to buy dips. Our profit targets will be 1.0029 and 1.0039 Resistance: 1.0030 / 1.0050 / 1.0070 Support: 0.9980 / 0.9960 / 0.9930 Please be advised that the information presented on TradingView is provided to...
AUDCHF reached a strong intraday support yesterday. I see a very nice bullish reversal this morning. I believe that the pair will bounce soon. Initial target - 0.636 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Update for USDCHF. The price is currently approaching a key daily structure resistance. Depending on the reaction of the price to that, I see 2 potential scenarios: If the price breaks and closes above the underlined blue zone on a daily, a bullish continuation will be expected to 1.02 Analyzing intraday time frames, I spotted a triple top formation on 1H...
On a today's live stream with my students, we took a long trade on GBPCHF. The pair is coiling on a peculiar confluence zone based on a horizontal stucture and 382 retracement of the last bullish impulse. The price formed an ascending triangle formation on that structure and broke its neckline then. Probabilities are high that the pair will reach 1.133 /...
The British Pound/ Swiss Franc moved as I expected 👇✅ I expect the British Pound/ Swiss Franc will go down until the support zone. 🔅British Pound/ Swiss Franc Analyze ( GBPCHF ) Timeframe 2H⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see...
Swiss Franc/U.S.Dollar was able to make a Rising wedge. For now, the Swiss Franc/U.S.Dollar is completing the pullback. I expect that the Swiss Franc/U.S.Dollar will go down to the support zone from the current price. 🔅Swiss Franc/U.S.Dollar Dollar Analyze (CHFUSD) Timeframe 8H⏰. Do not forget to put Stop loss for your positions (For every position you want...
EURCHF is trading on a major falling trend line. To catch a bearish move from that, watch a double top pattern on 4H. 0.974 - 0.976 is its neckline. Wait for its bearish breakout first (we need 4h candle close below that to confirm the breakout), then sell aggressively or on a retest. Target will be 0.966 If the price sets a new high, the setup will become...
Update for USDCHF. The price is currently stuck between 2 important structures. From one side, we have 1.003 - 1.006 resistance. From another, 0.9935 - 0.997 support and a rising trend line. If the price breaks and closes above the underlined resistance, a bullish continuation will be expected to 1.02 level. If the price breaks a horizontal and vertical...
The British Pound/ Swiss Franc was able to complete wave 4 near the trend line. I expect the British Pound/ Swiss Franc will go up until the 🎯targets🎯 that I specified in my chart. 🔅British Pound/ Swiss Franc Analyze ( GBPCHF ) Timeframe 2H⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy,...
You can see my last note about USDCHF where I was stopped out unexpectedly only for my initial prediction to come to fruition. Annoying to say the least. We are back at similar times, with extreme overbought levels on the RSI BUT also a MASSIVE rejection at major resistance levels coupling the fact of broken upper band on the Bollinger Band. Let's ride the wave...
USDCHF broke and closed above a resistance line of an ascending triangle formation, the price is retesting it now. I believe that the pair may bounce to 1.004 level soon. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
USDCHF reached a key daily structure resistance. Steadily growing within a rising wedge pattern, the price broke and closed below its support, touching the underlined zone. I expect a retracement to 0.9915 / 0.989 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️