USDCHF 21st MARCH 2022
Diupdate
Here we see the symmetrical triangle pattern on the USDCHF pair. the breakout occurred last week, then ended with retesting the resistance area of the symmetrical triangle.
for early next week the dollar will probably fly higher. however, there is something to note that on the weekly timeframe we can see there is a shooting star candlestick pattern that will allow for a price reversal.
Considerations for COT sentiment. USD report on ICE Futures U.S.
https://www.cftc.gov/dea/futures/deanybtsf.htm
There was an action of taking profit on US Dollar Index long positions by non-commercials, but the sentiment still tends to be bullish for the USD.
Likewise on the Chicago Mercantile Exchange report.
https://www.cftc.gov/dea/futures/deacmesf.htm
There was a non-commercial taking profit on Swiss Franc short position, but sentiment still tends to be bearish for CHF.
for early next week the dollar will probably fly higher. however, there is something to note that on the weekly timeframe we can see there is a shooting star candlestick pattern that will allow for a price reversal.
Considerations for COT sentiment. USD report on ICE Futures U.S.
https://www.cftc.gov/dea/futures/deanybtsf.htm
There was an action of taking profit on US Dollar Index long positions by non-commercials, but the sentiment still tends to be bullish for the USD.
Likewise on the Chicago Mercantile Exchange report.
https://www.cftc.gov/dea/futures/deacmesf.htm
There was a non-commercial taking profit on Swiss Franc short position, but sentiment still tends to be bearish for CHF.
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