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USDCHF , We predicted two possible market movementsHello everybody We hope everyone had nice week with profit According to these analysis of USDCHF , in daily time frame we analysed that the trend is downward and we need that the price come to resistance and sell zone then we can take short position , in here we shown that we have a breakwave and we need pullback of the price then we can take short position , but in this chart we predicted two movement of market can do , in here the price is upper of the support zone area and in here we price is supported and can rise until the resistance area ( The market in this time frame is downward and only we sell but we can take some tolerance from the market in pullback movement ) After pullback done in next week or later we are updating the chart for sell ( short ) position untl the target But in here we shown 2 position and where we should buy and sell the position and Tp and SL Please check the chart in multi-time frame and at first take signal then take position ( Signal : hammer , ascending cover , descending cover , ... ) Daily time frame chart : The point is the analysis is valid Be with us and sleep comfortably Good Luck Abtin
Long
by Abtin00
USDCHF , We should wait until ...Hello everyone I hope everybody have nice week In here in daily time frame after rally drop price we are in pullback and we have heavy resistance zone that shown on chart ( red zone ) in there we should take signal in lower time frame ( signal : hammer or descending cover or ... ) and we can get position too after getting reverse pattern like head and shoulders and please please check the chart in multi-time frame . We update the chart in future after the signal shown on chart but everyone be careful and attention to this area Did you exercise and watch this pattern in other charts ?? Good Luck Abtin
Short
by Abtin00
USD/CHF Trend AnalysisInvestors are nervous as the FOMC holds its two-day policy meeting on Wednesday. Officials from the Federal Reserve are expected to mark a start to reducing the monthly asset purchase program. Meanwhile, the Swiss government has cut its economic growth prediction for this year by 3.2 percent. According to the State Secretariat for Economic Affairs (SECO), a weaker global recovery, supply-chain bottlenecks, and stricter coronavirus measures were the key reasons for the reduction in growth predictions. For the time being, traders are waiting for new trading impetus from the Swiss Balance of Trade, US Current Account, Housing Starts, and Building Permits.
Short
by meelbijendra
USDCHF Daily analysis, Price directionHello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ The USD/CHF pair has been against a strong resistance zone at 0.92300 - 0.92500 with multiple top formations. USD/CHF went to the low of 0.9108 on August 4, after breaching 23.6% Fibonacci retracement, at 0.9192 However, the spot made a swift recovery back to the high of 0.9242 only to retrace toward 0.8140 in the previous week. 2 Different Scenarios for price movement in the next few days Scenario 1 : The price is trending close to the resistance line at 0.9164 a breakout of that line could indicate a change in the movement of the pair and the price could be headed near the second resistance zone at 0.92200 in the 23.60% Fibonacci level, and from there the Bulls will have to show a lot of support for the price to break that zone and change the trend. Scenario 1 : The price is getting closer to the support line at 0.9148 if the bears were able to break that line then a sudden change in price will happen and the bears will have enough moment to drive the price to near the 0.91100 support in the 50% Fibonacci level, where a test for the Bears power will happen and if they proved that they still hold control then most likely the price will drop below the 61.80 Fibonacci level and will be hitting the 0.90670 zone Technical indicators are showing that : 1) The market price just dropped below the 5 10 MA and EMA, we could be seeing a small bearish movement, The price is still above the 20 50 100 200 MA EMA. 2) The MACD is above the 0 line Showing a Bullish state in the market, with a positive crossover between the MACD line and The Signal Line. 3) The ADX is at 22.39 showing that the market is currently trending, With a positive crossover between the DI+ (23.54) and DI- (21.30). Support & Resistance points : support Resistance 1) 0.91480 1) 0.91640 2) 0.91100 2) 0.92200 3) 0.90670 3) 0.92870 Fundamental point of view : After touching the high of 0.9240 in the overnight session, USD/CHF continues to trade higher in the Asian trading hours on Friday The pair hovers in a narrow trade band with an upward bias. The appreciative move in the US dollar sponsored the move in the pair. The US dollar index remains strong above 93.00 The US Initial Jobless Claims fell for the third consecutive week, the readings came at 375K in the week ended on August 7 whereas, the Producer Purchase Index (PPI) gained 1% in July, higher than the market forecast of 0.6%. Meanwhile, Kansas City Federal Reserve President Esther George said that the time had come to end the central bank’s asset purchase program. On the other hand, the Swiss franc surrenders gains against the stronger US dollar. As for now, traders are waiting for the Swiss Producer and Import price, US Michigan Consumer Sentiment data to gauge the market sentiment. According to Fxstreet This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
by GabiDahduh