This chart shows you how correlated these two : DXY(red/blue) and USDCHF(black/ white)
I use Excel , calculated the unemployment applications data from 5/1/2017---16/3/2017 put them into a line chart. It turns out that the same graph of unemployment data from 26/01/2017 ----02/03/2017 is exactly the same as DXY trend goes. But the DXY trend has delay, it does not match the same date with the date of data publication,DXY has some delay. Which means...
long: 1.62945 Target: 1.64846 if the prediction valid still: Short: 1.64840 Target: 1.61088
looking forward to this movement based on Stoch and Squeez Mon
I think there are two possible situations right now. S1: up and hit resistance line, S2: drop and bounce back and hit a new high, in the uptrend tunnel.
After this correction, which is think it will stop at 0.86629, then I will look for a long opportunity Target as : 0.88829
buy from the lower price tomorrow if the price comes down. buy setup: 0.98804 Target: 0.99937
the market is going to change from sell side to buy side. from Yin --to Yang. Target: 0.87147 long at: 0.76373
Long trade TP: 1.43410 Short from high, Target: 1.40758
the GBP is going sideways. no higher high, but higher low. it is squeezing. short from a high price.
Looking to short at high. It could be a another high, which is the entry opportunity.
In the latest two days, some investors already took the profit and left the market. But because of the strong downtrend impulse, the downtrend is not over yet. I am looking at a strong long candle to confirm the long trend.
wait for confirmation to short at a new high in a few days.