DXY is almost at its top (maybe one last push till 97.50s), and the pair is at the weekly lows.
SMA(50) on the 4h is about to be penetrated.
Chart is forming an inverted h&s.
Expecting today’s US data weak.
Either today or at the very first days of the next week, I expect the pair is to climb 1.13 level very fast.
At least, I higly recommend not to short...
Hello all,
After last week's FED and ECB decisions, I expect the movement shown at the chart I have presented. It is an educational chart idea for myself. Please don't take it serious. Have a nice trading.
As we all know, bullish momentum has been slowed down and turned into bearish price action recently for USD/CHF.
Yet, price has been bounced-off from the support later today, as USD strengthened as well.
I believe that USD/CHF will be corrected more and 0.99500 levels is not inside the reversal area. Moreover, the downward trend still inside the linear/non-linear...
DXY reached daily heavy resistance last week and rejected. I don't expect another try for a breakout.
For the time being, price is in a downtrend along the median line.
I expect the price will go down further until second support, which is at 91.80
But, be careful. Some important economic data will be announced this week, which might cause a trend reversal.
Technically it is not a strong Buy signal, however there will be Syscoin masternode and hardfork incoming days. So, I would buy and hold until 25th of February. Be advise, this coin has already been pumped up to certain levels, but there is still room for another spike up. So, if you get in this trade, keep your bag rather small and exit when you feel good profit.
