Fundamental analysis :
The dollar is strong and I repeat there is no current alternative to the USD: For investors the interest rates are very attractive and the risk of placing your money in dollars to date is very low because the risk of recession is low (economic data rather good).
Technical analysis :
- Bullish trendline (be careful, only 2 touchpoints for the moment)
- The possible retest of the bullish trendline would also correspond to the 0.5 fibo of the last impulsion.
- The price arrives at a support / resistance zone
I am now keeping an eye on the LTFs to look for additional confirmations.
Retail sentiment: 45% in purchase
Historically USDCHF is growing 55% of the time in October
The dollar is strong and I repeat there is no current alternative to the USD: For investors the interest rates are very attractive and the risk of placing your money in dollars to date is very low because the risk of recession is low (economic data rather good).
Technical analysis :
- Bullish trendline (be careful, only 2 touchpoints for the moment)
- The possible retest of the bullish trendline would also correspond to the 0.5 fibo of the last impulsion.
- The price arrives at a support / resistance zone
I am now keeping an eye on the LTFs to look for additional confirmations.
Retail sentiment: 45% in purchase
Historically USDCHF is growing 55% of the time in October