Current value of USD/CHF has been analyzed for its recent movement. Firstly, this is my trading transaction regarding the sale direction, which was in line with the UUU trading strategy, but for some reason, I closed it without waiting for take profit. The position in the sale direction was opened correctly after the US Federal Reserve meeting, which ultimately turned out to be against the greenback. The USD/CHF pair continued to gain momentum in favor of bears, and as a result of the downturn, we broke below the support level of 0.9074 and strengthened below it. During this perfect execution, volumes also gradually increased and remained at significant levels, indicating the entry of large bears and pointing towards noise, concluding a week of strong operations below the 0.9074 level, which starts today. Market participants will try to bring it into action.The trading level of 0.9126 has been broken. There is bearishness below this trading level; this signals a move towards the 0.9033 level for sale, but a conflicting signal has also been drawn: a bullish inside bar. This is a signal for an increase; the trading level breaks upward from below, the degree provided above this level, and this is again a signal for an increase towards the 0.9198 level. There is no signal for buying, the price moves below this level, it consolidates there, and the signal for sale is just passed; it reaches the 0.9033 level, and above this level, there is also a signal for buying in the form of a bullish inside bar. I do not analyze buying for rebound from the level; I analyze buying for rebound incorrectly from the levels. Or degree-wise, so I think it is necessary to wait for support at the 0.9126 level to break. If the hourly candle above this mark strengthens, then buying occurs up to the trading level of 0.9198. Last week, they kept moving north, but new data was received about the channel, resulting in the inability to reach the given resistance level.It was necessary to correct it and establish new resistance, which later became the basis for the destination of USD/CHF, where USD/CHF is different. According to my chart, USD/CHF will continue to trend north, which is ongoing within the defined channel. On this path, we will easily reach up to 0.9400, which is the first global target to the north. To maximize the channel, it is necessary to successfully pass the support level and establish a lower support point, where the increase will start, i.e., at the level of 0.8990. The franc is facing a difficult phase while the support level has prevented further downward spread. Over time, two support levels may converge at one point, which may happen this week. No major global news is expected this week, while next week US CPI will be released. Over time, the US dollar will strengthen, which will lead to an increase in USD/CHF.
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