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Usdchfprediction

USDCHF , We should wait until ...Hello everyone I hope everybody have nice week In here in daily time frame after rally drop price we are in pullback and we have heavy resistance zone that shown on chart ( red zone ) in there we should take signal in lower time frame ( signal : hammer or descending cover or ... ) and we can get position too after getting reverse pattern like head and shoulders and please please check the chart in multi-time frame . We update the chart in future after the signal shown on chart but everyone be careful and attention to this area Did you exercise and watch this pattern in other charts ?? Good Luck Abtin
Short
by Abtin00
USDCHF Daily Analysis Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ During the Asian trading session on Thursday, the USD/CHF currency pair remained flat In the morning, after reporting gains overnight, the currency pair remained in a relatively narrow trading range with little movement. The USD/CHF exchange rate is currently at 0.9261, up just 0.001 percent since the start of trading. Scenarios for the market : Scenario 1 : The market is showing Bullish signs all around so most likely we will be seeing a push to the first resistance located at 0.9287 if the Bulls were able to keep control then the price will push further hitting the resistance at 0.9311 or even 0.9346 where they might have a problem with breaking out that zone. Scenario 2 : After the market reaches the first resistance of 0.9287 we might see a strong push from the Bears to drop the market back to the first support at 0.9227 where most likely the Bulls will gather a lot of power to take control back and drive the market price back up. Technical indicators show : 1) The market is above the 10 20 50 100 200 MA and EMA, But still below the 5 MA which could mean a very small drop before going up. 2) The MACD is above the 0 line which means the market is bullish, With a positive crossover between the MACD line and the Signal line. 3) The STOCH is in the high range showing Bullish signs, With a positive crossover between the %K (62.04) and %D (60.89) Daily Support & Resistance points : support Resistance 1) 0.9227 1) 0.9287 2) 0.9191 2) 0.9311 3) 0.9167 3) 0.9346 Fundamental point of view : The US Federal Reserve kept its short-term key rates unchanged in the range of 0% to 0.25% on Wednesday and said a “moderation” in asset purchasing would happen for further economic progress. The Federal Open Market Committee (FOMC) signaled a reduction in its $120 billion monthly bond purchase this year. In addition to that, US Fed Chair Jerome Powell hinted that tapering could occur as soon as in November or end in mid-2022. Furthermore, the FOMC economic projection painted a rosy picture about the economy as the Fed hiked its interest-rate outlook to 1% and 1.8% in 2023 and 2024 respectively. The economy is expected to expand by 3.8% and 2.5% in 2023 and 2024 as compared to the previous 3.3% and 2.4% projections respectively. On the other hand, the Swiss franc pares its previous gains on improved risk sentiment. On the economic data side, Switzerland's Current Account expanded to CHF 10.51 on a quarterly basis as compared to CHF 3.21 billion. As for now, traders wait for the Swiss National Bank (SNB) interest rate decision, US Initial Jobless Claims, and Markit manufacturing Purchasing Managers Index( PMI) to gain fresh trading impetus. According to Fxstreet. This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
Long
by GabiDahduh
USD/CHF Trend AnalysisInvestors are nervous as the FOMC holds its two-day policy meeting on Wednesday. Officials from the Federal Reserve are expected to mark a start to reducing the monthly asset purchase program. Meanwhile, the Swiss government has cut its economic growth prediction for this year by 3.2 percent. According to the State Secretariat for Economic Affairs (SECO), a weaker global recovery, supply-chain bottlenecks, and stricter coronavirus measures were the key reasons for the reduction in growth predictions. For the time being, traders are waiting for new trading impetus from the Swiss Balance of Trade, US Current Account, Housing Starts, and Building Permits.
Short
by meelbijendra