The dollar fell against a basket of currencies late last week on news of strong U.S. business results in November, while private-sector employment fell on expectations of a slowdown in the coming months. Fourth quarter. Earlier, Michael Brown, market analyst at Trader S&P Global, recorded the US Composite PMI Production Index on Friday. Specifically, the value...
The USD DXY index rose 0.30% to 103.90 as recent economic data and the Federal Reserve's minutes presented a complex scenario for investors to navigate. The increase came after the number of initial jobless claims was announced at 209,000, lower than expected. Despite this positive sign, investors are also considering a sharp decline in durable goods orders in...
As anticipation that the Federal Reserve would terminate the monetary tightening cycle increased due to slowing U.S. inflation, the U.S. dollar made a slight recovery in early European trading on Wednesday. The Dollar Index, which measures the value of the US dollar against a basket of six other currencies, increased by 0.1% to 104.057 at 03:05 ET (08:05 GMT),...
Hello traders! ‼️ This is my perspective on USDCHF. Technical analysis: As I expected in my previous analysis price delivered bearish move. Now I wait for a retracement price to fill the imbalance higher and then to reject from bearish order block + institutional big figure 0.90000. Like, comment and subscribe to be in touch with my content!
FX:USDCHF lost more than 100 pips in the previous session, due to the downbeat US inflation data. The USD/CHF pair extends the losses, trading near 0.8870 during the European session on Wednesday. A decisive break below the latter could push the USD/CHF pair to reach the support region near 0.8800 psychological level lined up with September’s low at 0.8795. The...
📈 Short-term USD/CHF Buy Signal 📈 Recent USD weakness suggests a potential short-term buy opportunity for USD/CHF. Watch historical levels, set risk parameters, and stay informed for a strategic trade. Good luck! 💼📊💹
The FX:USDCHF plunged sharply on Tuesday, more than 1.40%, with the pair dropping to new two-month lows of 0.8879 after hitting a daily high of 0.9027, sponsored by soft US economic data. At the time of writing, the pair trades at 0.8883, down 0.07% as Wednesday’s Asian session begins. The daily chart portrays the pair with a bearish bias. The USD/CHF drop...
Hello traders! ‼️ This is my perspective on USDCHF. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for a short position. I expect bearish price action from here as price almost filled the imbalance and rejected from that zone. My target is sell side liquidity around 0.89500. Fundamental news: Next...
supply zone: 0.9045-75, stop loss above 0.9072, i.e. 0.9090, target: 0.8940
Supply zone: 0.9045-75, stop loss: 0.9090, target: 0.8940
JPMorgan: In the future, CHF might be "more expensive" Although there are obstacles that could hinder the franc's ascent, they don't seem to be halting it as of now. Furthermore, even if the currency has witnessed the largest short-selling bets in the past two years as the surge continues, any increases in Middle East tensions or central bank action might drive up...
Several hawkish Fed policymakers spoke on Tuesday, saying that the tightening of financial conditions since July (10-year Treasury yields have risen more than 100 basis points) is likely to affect the economy, although it will take some time to become apparent. It was suggested that it may have a debilitating effect. Is this sustainable? "We've seen some...
Well, as you can see, the price dropped after sweeping the liquidity and creating a valid order block. On the other hand, the price broke the previous low and shifted the market structure so now we searching for sell. There is a breaker block that the price entered into, if the price can break this breaker block we can expect to move higher to the bearish order...
#usdchf forming lower low and lower high on daily basis. Secondary supply zone: 0.9055, Primary supply zone: 0.9090-95, stop loss: 0.9130, target: 0.8940.
Due to investor demands for compensation for interest rate and geopolitical risks, as well as worries about oversupply as the Fed tightens monetary policy, both the bond and equity markets are volatile. Because of this, the market will be much more interested in the capital mobilization announcement on November 1st, including details about the scope and duration...
after a long while, I believe that this short position would have a good R/r. there is a good chance for franc to see the supply zone and then go for the demand zone
Pair : USDCHF ( U.S Dollar / Swiss French ) Description : Completed " 12345 " Impulsive Wave and Formed " Double Top " as an Corrective Pattern for Trend Reversal and it has Completed " A " Corrective Wave. It is Rejecting from S / R Level and Fibonacci Level 50.00% to complete its " B " Corrective Wave Entry Precaution : Wait until it Complete " b " Corrective...
Investor flight to safety might provide a favorable outlook for the Swiss franc this week. Swiss franc against the USD and GBP might be the most interesting considering the Fed and the Bank of England (BoE) hold their policy meetings this week, where they are both expected to keep rates exactly where they are. These pauses by the Fed and BoE might contrast too...