😇 7 Dimension Analysis Time Frame: H4, D1 1️⃣ Swing Structure: Bearish on both time frames 🟢 Structure Behavior: Break of Structure (BoS) 🟢 Swing Move: Corrective, indicating a nearly completed sideways move 🟢 Inducement: Liquidity sweep with a long wick candle 🟢 Decisional OB: Mitigated, resistance at CIP with a strong buildup post-breakout, indicating bearish...
Will USDCHF breakout Tomorrow? (after US Inflation report) USDCHF recently surpassed both its 50 and 100-hour moving averages, yet it remains confined within its 2024 trading range. Fluctuations between risk-on and risk-off sentiments keep the pair moving between 0.84635 and 0.85294. Initially, bullish optimism followed comments from Atlanta Federal Reserve...
Ellen Zentner, chief U.S. economist at Morgan Stanley, said: "The Fed will cut interest rates this year." But "the Fed can be patient and take its time." Morgan Stanley expects the Fed to cut interest rates for the first time at its June meeting. The Fed will keep interest rates stable for longer than the market expects. But if that happens, there will be...
Pair : USDCHF ( U.S Dollar / Swiss Franc ) Description : Bearish Channel as an Corrective Pattern in Long Time Frame and Rejection from Upper Trend Line. Completed " 1234 " Impulsive Waves. We have Break of Structure and Completed its Retracement
looking bearish trend in daily timeframe follow descending channel
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 short. I expect price to continue the retracement to fill the imbalance higher and then to react from institutional big figure 0.85000. Fundamental news: Next week on Friday will be released NFP and...
Here is my analysis for USDCHF on H4 using Order Block. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
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 short from premium zone. I want price to continue the retracement to fill the imbalance higher and then to reject from bearish order block. Like, comment and subscribe to be in touch with my content!
Hello Everyone, hope you all are having a great weekend, quick update on #usdchf. Price have consolidated for couple of week due to low volume in the market. While Chf have been bullish over USD as chf is considered as one of the safe heaven currency index. In this uncertainty time investors have shown more interest toward chf and jpy, therefore tomorrows data...
USDCHF broke out of the ascending channel , which was essentially a pullback of the bearish trend . The market created the breakout pullback continuation pattern. Price is making lower highs and lower lows, indicating potential consolidation. We expect a pullback from resistance and channel border . ------------------- Share your opinion in the comments and...
A note from Bank of America's strategy department about the Fed follows The market was ahead of expectations of 5 interest rate cuts next year from the Federal Open Market Committee (FOMC) and even more (6) from the European Central Bank. BoA believes that expectations need to be tempered due to: Core inflation remains high And inflation risks are higher in...
In the first session of the week, the US dollar fell a further 0.18% to $103.23 on expectations that the US Federal Reserve could complete and begin raising interest rates. Onion cuttings will be taken in the first half of next year. At the time, the DXY index was heading for a monthly decline of more than 3%, its biggest decline since November 2022. At the same...
USDCHF is trading in the descending channel. However, the price is decelerating while approaching the support level. The market completed the AB=CD pattern that can lead to a pullback. We expect a bullish move from the support and fibo extension levels. ------------------- Share your opinion in the comments, and support the idea with a like. Thanks for your support!
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...