USDCHF 2024.10.21 01:45:05 Trading Signal BUY

21 Okt

FrankPro Signal for USDCHF


Type: Screen
Signal: BUY
TP: 0.86846
SL: 0.86438
Entry Price: 0.86489

Flexity Analysis for USDCHF

Forecast Overall(Short-Term, Long-Term): ST=Probably Up LT=Strong Up

Forecast Methods(Short-Term, Long-Term):
[Method0] ST=Up LT=Up

[Method1] ST=Down LT=Up

[Method2] ST=Up LT=Up



FlexityIndicator Analysis Method(0)

USD/CHF Currency Pair Analysis
Short-term Analysis (Next Few Days)
Key Points Analysis
Resistance Zone The pair has broken the resistance zone between 0.8600 and 0.8673, which is expected to accelerate the upward movement.
Technical Outlook The technical outlook indicates a bullish potential direction, with the overall momentum remaining bullish.
Key Resistance Level The key resistance level at 0.8730 is expected to be reached, and the pair may continue its positive trading.
FX Option Expiries The significant FX option expiries at 0.8675 could influence price movements, but the overall trend is expected to remain upward.
Expected Short-term Price Movement:
UP

Long-term Analysis (Next Few Weeks/Months)

The US Dollar's strength, driven by strong labor and inflation data, is expected to continue supporting the pair's upward movement.
The Swiss Franc's downside could be limited due to safe-haven flows amid rising Middle-East tensions, which may slow down the pair's upward movement but not reverse it.
The stability of the Swiss economy and its dependence on the Eurozone economies will also play a role in the Swiss Franc's valuation, but the overall trend is expected to remain upward.

Expected Long-term Price Movement:
UP

Note:

The analysis is based on the provided data and forecasts, but it's essential to keep in mind that market conditions can change rapidly, and unexpected events can impact the currency pair's price movement.

Result: [Method0] ST=Up LT=Up


FlexityIndicator Analysis Method(1)

USD/CHF Market Analysis
Short-term Outlook (Next Few Days)
Key Points Expectations
Temporary Correction Price expected to test support area near 0.8605
Risk of Pullback Potential correction down to 0.8574 to fill chart gap
Trend Change Confirmation Break below 0.8541 needed to confirm change in trend
Overall Outlook Slightly bearish, but with potential for quick rebound
Long-term Outlook (Next Few Weeks/Months)
Key Points Expectations
Upward Trend Continuation Targeting levels such as 0.8855
Bullish Momentum Technical indicators suggest bullish momentum, with rebound from bullish trend line on RSI and lower border of bullish channel
Breakout Above Consolidation Range Potential breakout above 0.8572, with rise to levels such as 0.8647 and potentially higher to 0.8740
Overall Outlook Bullish, with potential for significant growth
Summary

Short-term correction possible, but long-term outlook is bullish
Potential for significant growth in the long-term


Result: [Method1] ST=Down LT=Up

FlexityIndicator Analysis Method(2)

USD/CHF Pair Predictions
Short-term (next few days)
Prediction Target Notes
Price expected to go up 0.8730 Potential target as the pair has broken through the resistance zone
Bearish correction possible 0.8605 Support area that could provide a buying opportunity
Breakout confirmation 0.8675 Would confirm the growth scenario
Long-term (next few weeks/months)
Prediction Target Notes
Price expected to go up 0.8855 Improved US Treasury yields and strong US labor and inflation data supporting the US Dollar
Upside limitations Swiss Franc's safe-haven demand due to rising tensions in the Middle East and potential rate cuts by the SNB
Key Takeaways

The USD/CHF pair is expected to maintain its bullish momentum in both the short-term and long-term.
Potential corrections and limitations due to economic and geopolitical factors.
Monitor economic and geopolitical data releases, such as the Swiss Trade Balance and US Retail Sales data, which could impact the pair's valuation.


Result: [Method2] ST=Up LT=Up