Swiss Franc / U.S. Dollar
We've stated that TVC:DXY has been in danger for over 2 years. (Not here but on Twitter) The real purchasing power of US #Dollar has vaporized and has lost over 95% of its original value! The current system is on pace for a reset. Whether this is by design or not is irrelevant. There are trillions of dollars in derivatives, almost half was "compressed"...
USDCHF creates Adam and Eve pattern DXY (Dollar Index) is bullish while SXY (Swiss Frank Index) is bearish and combination of shows strong momentum to increase USD against CHF
SXY Rejected from Resistant trendline RSI Divergance occures which means bearish market
After reaching parity with the Swiss Franc Facta, the DXY peaked ST over 1.05. Our TOSS level was 104.55, it has been met Short Term on a Throw Over. It's nowhere near done moving higher, but for now, will range to digest a large move into the Safety Trade It did peak while sentiment was reaching extremes unseen. Again we do not expect Extreme Fear readings...
The USD has lived up to its classification as a safe-haven currency since the beginning of Russia’s invasion of Ukraine. Other safe-haven currencies, such as the Swiss franc and the Japanese yen, have failed in this respect. Both have lost strength over the past month and a half. The Swiss franc index has fallen 1.2% over this time, while the Japanese yen has...
Buy @ 0.91520-620 Stop Loss: 0.91300 Take profit1 : 0.91920 Take Profit2: 0.92220
Entry: 0.9200 (when hourly candle closes above 0.9200) Stop loss: 0.91710 TP1: 0.92250 TP2: 0.92500
Almost perfection with t forecasting given over the last few weeks, as is inline with the exact trading strategy and style we represent for free on a daily basis! Now, what's the deal with the USD?
In early April, the price bounced off the resistance line 93.42 - the upper border of the uptrend that had existed since the beginning of the year. After that, the price reversed and started falling, during which it broke through the 92.23 line and left the trend. Further, the price broke through the resistance line at 91.67. This line has been on the chart since...
The price has been trending since December 2020. During the growth, it came to the resistance at 93.37. Then it turned around, broke through the trend border - support 92.02. And it fell to support at 91.13. This is the reference line for July 2020. The price made two false breakouts of this line in the last week. I expect her to punch it during the 91.11...
And so, the price has been growing in an upward channel since the beginning of this year. During the growth, it tried to break through the lower border of the channel - the support line, but eventually returned to the channel. In the process of growth from the lower border of the channel, the price was able to break through the strong support line at 91.42. Then...
At the beginning of the year, the price bounced off the support line at 89.27 and from that moment an ascending channel began to form. Moving in the channel, the price could even break through the strong support line at 91.42. Then it rose to the resistance of 92.51 and fell again to support. Now the price is in the strong zone at 91.37. In this zone, the...
Inverted head and shoulder (bearish reversal pattern) printing on the 4-hr timeframe. This can be used with the previous confluence of the daily morning star that printed earlier this week, posted below. This will be used to take in direct alignment with trading for tomorrow's U.K. and U.S. session's.