Fundamental analysis :
The dollar is strong and I repeat : there is no current alternative to the USD: For investors the interest rates are very attractive and the risk of placing your money in dollars to date is very low because the risk of recession is low (economic data rather good).
Technically:
- Bullish trendline with strong rejection
- The retest of the bullish trendline also corresponds to the 0.5 fibo of the last impulse.
– The price bounced off a support zone.
In LTF we saw bullish H1 divergence, then a strong impulse with a break of the H1 trendline and BOS
Retail sentiment: 45% in purchase
Historically USDCHF is growing 55% of the time in October
I just executed a buy position on the 0.5 FIBO correction of the last. H1 impulse. I have a full risk of 1%
The dollar is strong and I repeat : there is no current alternative to the USD: For investors the interest rates are very attractive and the risk of placing your money in dollars to date is very low because the risk of recession is low (economic data rather good).
Technically:
- Bullish trendline with strong rejection
- The retest of the bullish trendline also corresponds to the 0.5 fibo of the last impulse.
– The price bounced off a support zone.
In LTF we saw bullish H1 divergence, then a strong impulse with a break of the H1 trendline and BOS
Retail sentiment: 45% in purchase
Historically USDCHF is growing 55% of the time in October
I just executed a buy position on the 0.5 FIBO correction of the last. H1 impulse. I have a full risk of 1%
Trade closed: stop reached:
Out : -1%
My buy limit was executed.
Since then we see the price rebounding on the 0.90.
Retail sentiment: 51% on sale therefore mixed.
We see my bullish divergence H1 which can be good sign. But the price is close to the SL, I remain patient.