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Usdchftechnical

USDCHF - CURRENT SITUATION#USDCHF - At this point, USDCHF is going down a bit. But with US PMI DATA and LABOR DATA being POSITIVE, USDCHF was BUY until last Friday. And FED UPDATES were very NEGATIVE. Hence, the CHF automatically rose against the USD in the previous days. Anyway, SWISS NATIONAL BANK has come out of NEGATIVE RATES. Anyway, RETAIL SALES POSITIVE came in US. - Currently, the MARKET is becoming RISK ON and USD is a bit WEAK because of that. Anyway, the FED MEETING is scheduled to be held today. Yesterday US CPI data was NEGATIVE. That's why USD was WEAK yesterday. - There is definitely a high chance that USDCHF will go UP a little more and move to the 0.9343 LEVEL. US CPI DATA is scheduled to be released today. It will definitely make USD PAIRS VOLATILE. Anyway, USDCHF price can go down to 0.8899 level after FED EVENT. We focus on MARKET UPDATES and MARKET SENTIMENT. Follow the given MARKET STRUCTURE.
by benny_marshall
USDCHF - BULLISH Yes! What you saw is correct...!!! USDCHF - Price was retraced from 0.236 fibo level and reached 0.382 fibo level. Almost it hits the 0.382 fibo level but as a trend line it was hit the trend line its time to reversal to upwards. bottom bollinger band is toward to the candle also shows us a bullish movement. When RSI hit the 47 horizontal line (blue line) you can see there are couple of places shows you price was retrace to upwards. With all these USDCHF will bullish. Take profit area mentioned as yellow box. Note: Trade at your own risk and analysis is not based on any fundamental. Like us and Comment us for more.
Long
by TuanMSallay