BIG UPCOMING MOVE FOR UCHF!!

Güncellendi
Here I have USD/CHF on the Daily Chart!

I am waiting for price to Retrace to the .87577 - .87379 area for a potential Buy Entry!!

If price finds support here, I will be looking to place a SL @ .86786 with a TP @ the .91913 - .93426 range!

Not
Price on a Decline!

Interested to see what is said during the FOMC meeting!!
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Little is unchanged after the FOMC meeting!

Feds need to see more progress toward the 2% target before considering cutting rates meaning ... RATES HIGHER FOR LONGER!
*Possibly even until JUNE!

Price is still creeping closer to our .8757 - .8737 range! Be On The Lookout!
İşlem aktif
Price came down into our range early this morning!

Buy Entry @ .8750!
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Unemployment Claims (USD) - 201k (16k Less than Forecasted)!
*Bullish read for DXY!
İşlem aktif
Second Buy Entry @ .8802

After the mixed results of Manufacturing and Services PMI, Price had made a big Bullish push, breaking the Falling Resistance. Once price made an attempt to break down lower and couldn't, I decided to take another Buy Entry!
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Beautiful Bullish push into the overhead Resistance Zone to create New Highs this morning!!
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By the End of Last Week, Price was unable to break the overhead Resistance Zone!

-CHF has CPI released on Monday with a Bullish undertone to the forecast and then USD has a BUSY news week so BE VIGILANT!
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Price is coming back into my Entry Zone!!

Looking for a reaction in the .8757 - .8737 range again!
İşlem aktif
Buy Entry @ .8765!

Beautiful reaction off the Zone and touch of the 200 EMA on 4Hr Chart!
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Price is right back up at the Resistance Zone!
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Swiss National Bank CUT RATES!!!
&
Fed decided to HOLD RATES!

Fundamentally this explains why we are seeing this massive push to the upside to our Range Target!
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This week for news will be HEAVY on USD:
-New Home Sales (Mon), Durable Goods/Consumer Confidence (Tue), FOMC Waller Speaks (Wed), Final GDP/Unemployment/Pending Home Sales (Thu) & Core PCE Price Index/Powell Speaks (Fri)
*Most Forecasted to have BULLISH readings

So we could potentially see Price either push up to the Range Target OR could see Price position itself for another Retracement!
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We are seeing a HUGE push to the upside!!

I am anticipating price to possibly create a High in the overhead Resistance Zone @ .9080 - .9120!

-If price does descend before finishing to our Range Target, we could potentially look for another Buy Entry!!
Bullish PatternsElliott WaveFibonacciForexretracementSupport and ResistanceUSDCHF

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