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usdchf

USDCHF, H4 | Potential Pullback.

Type: Bearish ReversalKey Levels:Resistance: 0.93865Pivot: 0.93559Support: 0.93037Preferred Case:Price is on a bullish momentum and abiding to a ascending trendline. We see potential for a dip from...

USDCHF, H4 | Bearish drop

Type: Bearish ReversalKey Levels:Resistance: 0.92784Pivot: 0.92661Support: 0.92374Preferred Case:Price broke out the ascending trendline support (now resistance). We can expect price to drop from...

USDCHF, H4 | Bullish Continuation

Type: Bullish RiseKey Levels:Resistance: 0.92482Pivot: 0.92249Support: 0.92026Preferred Case:We can expect price to push further upwards from the pivot level in line with 61.8% fibonacci retracement...

Market Spotlight: Trading July US Consumer Confidence

US Consumer Confidence Up NextUS Consumer Confidence for July will be the main data focus over the remainder of today’s session. Ahead of the FOMC this week, the impact will likely be muted unless we...

Market Spotlight: Trading June US CPI

US CPI Up NextThe June CPI readings scheduled for today have the potential to cause plenty of market volatility. While USD action has been somewhat muted since the mixed June jobs report, a strong...

Market Spotlight: Swissy Approaching Target

Breakout Trade ContinuesThe rally in USD this week has seen the USDCHF breakout trade above the .9043 level continues. Following a brief pause around the .9189 level, the subsequent breakout in...

Market Spotlight: Trading The US PMIs

US PMI’s Up NextThe main data focus today will be the release of the US flash manufacturing and services PMI’s for June. On the manufacturing front, the market is expecting the release to drop back to...

Market Spotlight: USDCHF Initial Target Hit

USDCHFThe breakout in USDCHF above .9043 has hit its first target at .9288. With the Fed turning hawkish in its dot plot forecasts and revising it s inflation forecasts higher, the USD short position...

Market Spotlight: USDCHF Update

USDCHF Breaks OutUSDCHF has broken higher here following the June FOMC meeting yesterday which saw the Fed revising higher its dot plot forecasts, which now suggest 50bpp worth of hikes in 2023. 13...