With thanksgiving on the horizon , we are posting this analysis for full disclosure on our bias going into the week.
due to the political uncertainty in the US we are glad with watching this unfold .
Here is a lower timeframe analysis of my previously posted bias on USDCHF
as prescribed during the weekend analysis, the most probable direction.
I know the Dollar is weak but we are also Risk ON , the trend has been good in 2020, it needs a breather and a respectable retrace.
The timing is important here, this is the overall trend as long as we are risk off and the Indices continue to push higher especially with the vaccine news .
We are anticipating a bullish pump especially with the current risk-off scenario in play . This not a long term reversal though
Pound Sterling has a lot of support here with an overall Relative strength over its Rivals , I expect the crosses to outperform .
We have had the initial impulse move on the 4 hour timeframe, price needs to find support either by a market open gap up or we find support between Monday & Tuesday.