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Usdchfbullish

USDCHF Buying Opportunity | 24/11/2022- On the H4 timeframe, USDCHF price is approaching a support zone at 0.94000 and we expect an upside retracement to the resistance zone at 0.96200. We have placed a stop loss at the next support level at 0.92800. - Although gloomy US economic data and confirmation from the Fed that it will slow the pace of rate hikes from 75 bps to 50 bps in December pushed prices further down on 23 November, the news was in line with long established market expectations which had already been factored into prices. This indicates that the subsequent dip in price was the result of overselling that lacked a fundamental basis. We thus expect a price correction in the form of an upside rebound. - Technical indicators all support our bullish bias. Stochastic RSI is in the oversold region. The PPO (red line) has crossed above the signal (blue line) from below. Price has violated the lower bound of the Bollinger Band where a break above the middle band could provide confirmation to the upside in prices. - On the higher weekly timeframe, the overall upwards trend is confirmed by an inclined trendline. - On the smaller M30 timeframe, we note that an upside price reversal has already taken place, following a period of consolidation. A falling wedge was also formed with a break to the upside, supporting the bullish bias.
Long
by T3-Consultancy
USDCHF WEEKLY: TARGET 0.9650 DONE, PSYCHOLOGICAL LEVEL 1.0000 ?USDCHF confirmed its medium term bullish by breaking its MA 200 Weekly & its Median Channel (from November 2020 to September 2021). As expected USDCHF Broke and held above 0.9547 and hit the target (0.9639 & 0.9650). Now, USDCHF is heading to Strong (Adjusted from Strongest) resistance at 0.9901, running above its Upper Channel. Break and hold above 0.9901, open the way to key psychological level 1.0000 and 1.0026 (Triple Top and also its Strongest Resistance now). Failure at 0.9901 then Retest Support (former Resistance) 0.9650/39 ( its Median Channel) Next Support at 0.9547. Below 0.9470 potentially retest 0.9296. Below 0.9296 potentially retest 0.9091.
Long
by Wahyu_Luck