TECHNICAL ANALYSIS
On the Daily, price bounced perfectly off of the 100d MA, respecting that level and maintaining a daily bullish bias.
On the hourly, price is just breaking the hourly 100/200h MA's. They are squeezing together(possibly indicating a cross for sells). However, a clear break higher here still indicates a bullish bias.
On the 5m price has just broken the 5m 100 confirmation MA, and is now just re-testing it as market closed.
On a strong re-test and break higher of the 5m MA, I will enter a buy of USDCHF with lower risk as this move is close to a key daily resistance level, and has somewhat unsure hourly technical indications.
FUNDAMENTAL ANALYSIS
This buy would be better supported by a strong USD week with retail sales and equity bounce-back.
Also, gold has been strongly bearish, good for the dollar and bad for CHF (as their financial systems are heavily backed by gold)
SENTIMENT ANALYSIS
Mixed. Price has been bouncing around and ranging as of lately.
On the Daily, price bounced perfectly off of the 100d MA, respecting that level and maintaining a daily bullish bias.
On the hourly, price is just breaking the hourly 100/200h MA's. They are squeezing together(possibly indicating a cross for sells). However, a clear break higher here still indicates a bullish bias.
On the 5m price has just broken the 5m 100 confirmation MA, and is now just re-testing it as market closed.
On a strong re-test and break higher of the 5m MA, I will enter a buy of USDCHF with lower risk as this move is close to a key daily resistance level, and has somewhat unsure hourly technical indications.
FUNDAMENTAL ANALYSIS
This buy would be better supported by a strong USD week with retail sales and equity bounce-back.
Also, gold has been strongly bearish, good for the dollar and bad for CHF (as their financial systems are heavily backed by gold)
SENTIMENT ANALYSIS
Mixed. Price has been bouncing around and ranging as of lately.