Any of the content presented on my page showing my analysis of the market is just that, an analysis which means this is my personal opinion of where the price is going to go. Do not by any means take this simple analysis for a reason to enter a trade, I am not presenting these analyses as a form of signals, simply a way to get feedback and opinions from others on how my trades look. Take this trade at your own risk, but know forex is a risky market that you can make a lot of money but can lose that money or even more just as fast, enter these markets with your own risk and good luck with your trading :).
With the Swiss Franc inflation rate is getting higher and higher over the past few months, people are freaking out and it is showing itself in the market. On Friday, Most CHF pairs made a massive move and has everyone shocked when the market closed Friday afternoon. I think this is going to be a very volatile on market open and the rest of the week, the inflation rate has been getting higher and higher. The Swiss National Bank (SNB) and the Swiss government has already stated that the inflation rate is within there goal of 1-2% in the coming years. They are keeping a close eye on not only the rate but also how it is effecting the foreign exchange market.
There is a lot of other news going on in the world with the infamous omicron variant of the Covid-19 virus, the world is really in a weird place and with these horrible events that may come in the near future with the virus and how the world will adapt will bring a lot of volatility to the market, so be ready.
Anyways, sorry for the rant but let's get right into the actual analysis.
Daily:
On the bottom line you can see price has fallen down to this area before and had a hard time breaking through what at the time was resistance. Once price had broken that "Resistance" zone price pushed up to make a new high and also leaving behind a pretty big sized wick. After that price had bounced between these two zones and had approached that high last week but showed resistance as well! Following some news last week of the omicron virus making it's way to Europe, caused a lot of governments to close their borders to certain parts of the world and the markets made a massive move. On Friday evening price had dropped more than 100+ pips so now I am watching what the market will do at the open this Sunday at 2:00, I might be looking for a long term Short Position here but will wait to see if there are any major pullback are any other major moves before getting in.
Hourly:
As you can see, price had broken down below that support/resistance zone that I had already mentioned but you can see on the hourly price had already pulled back within the closing hours of the market but did not break through to the upside here. When the market opens I am going to let it play out for a little just to see where it is going and then see if there is a potential trade here. This is going to be a risky trade no matter what, everyone will most likely have there eyes on these pairs this week to maybe capture a big potential gain.
Thanks again,
KeySlot
With the Swiss Franc inflation rate is getting higher and higher over the past few months, people are freaking out and it is showing itself in the market. On Friday, Most CHF pairs made a massive move and has everyone shocked when the market closed Friday afternoon. I think this is going to be a very volatile on market open and the rest of the week, the inflation rate has been getting higher and higher. The Swiss National Bank (SNB) and the Swiss government has already stated that the inflation rate is within there goal of 1-2% in the coming years. They are keeping a close eye on not only the rate but also how it is effecting the foreign exchange market.
There is a lot of other news going on in the world with the infamous omicron variant of the Covid-19 virus, the world is really in a weird place and with these horrible events that may come in the near future with the virus and how the world will adapt will bring a lot of volatility to the market, so be ready.
Anyways, sorry for the rant but let's get right into the actual analysis.
Daily:
On the bottom line you can see price has fallen down to this area before and had a hard time breaking through what at the time was resistance. Once price had broken that "Resistance" zone price pushed up to make a new high and also leaving behind a pretty big sized wick. After that price had bounced between these two zones and had approached that high last week but showed resistance as well! Following some news last week of the omicron virus making it's way to Europe, caused a lot of governments to close their borders to certain parts of the world and the markets made a massive move. On Friday evening price had dropped more than 100+ pips so now I am watching what the market will do at the open this Sunday at 2:00, I might be looking for a long term Short Position here but will wait to see if there are any major pullback are any other major moves before getting in.
Hourly:
As you can see, price had broken down below that support/resistance zone that I had already mentioned but you can see on the hourly price had already pulled back within the closing hours of the market but did not break through to the upside here. When the market opens I am going to let it play out for a little just to see where it is going and then see if there is a potential trade here. This is going to be a risky trade no matter what, everyone will most likely have there eyes on these pairs this week to maybe capture a big potential gain.
Thanks again,
KeySlot
