FrankPro Signal for USDCHF
Type: Screen
Signal: SELL
TP: 0.85751
SL: 0.86017
Entry Price: 0.85979
Flexity Analysis for USDCHF
Forecast Overall(Short-Term, Long-Term):
ST=Probably Down LT=Probably Down
Forecast Methods(Short-Term, Long-Term):
[Method0]
ST=Down LT=Down
[Method1]
ST=Up LT=Down
[Method2]
ST=Down LT=Up
FlexityIndicator Analysis Method(0)
Here is the data structured and formatted in HTML for better readability:
USD/CHF Currency Pair Price Movement Assessment
Short-term (October 14-18, 2024)
Expected Price Movement |
The pair is expected to attempt a bullish correction and test the resistance level near 0.8745, but a rebound downwards is anticipated afterwards. |
Key Levels |
- Resistance level: 0.8745
- FX option expiries: 0.8410
- Potential support level: 0.7845
|
Technical Indicators |
Mixed, but MACD (12,26) suggests a sell signal. |
Expected Outcome |
Price to go down, potentially falling to levels below 0.7845. |
Long-term
Trend Indicators |
Moving averages indicate a bearish trend. |
Key Levels |
- Support area: below 0.8325
- Resistance level: 0.8539
- Potential target: below 0.7845
|
Expected Outcome |
Price to go down in the long-term, with a potential target below 0.7845. |
Please note that these predictions are based on the provided analysis and are subject to change as new data becomes available.
Result: [Method0]
ST=Down LT=Down
FlexityIndicator Analysis Method(1)
Here is the data structured and formatted in HTML:
USD/CHF Pair Analysis
Short-term Outlook (Next Few Days)
Expectation |
Description |
Bullish Correction |
The pair is expected to continue its bullish correction and test the resistance level near 0.8745. |
Support Breakout |
A breakout of the support area and closing of quotes below 0.8325 would confirm a downward trend, but this is not expected in the short term. |
Intraday Bias |
The intraday bias is on the upside, targeting the 38.2% retracement of 0.9223 to 0.8374 at 0.8698. |
Immediate Resistance |
Immediate resistance to the upside is at 0.8633 and then at the 100-day MA around 0.8744. |
Expected Short-term Movement:
UP
Long-term Outlook (Next Few Weeks/Months)
Expectation |
Description |
Reversal and Downward Trend |
After testing the resistance level near 0.8745, the pair is anticipated to fall towards the area below 0.7845. |
Trend Change Signal |
A decisive break above 0.8539 would be needed to signal a change in trend, but this is not expected to be sustained. |
Supporting Factors |
The Swiss National Bank's preference for a weaker CHF and the repricing of Fed rate cut expectations are supporting a bullish outlook for USD/CHF, but this may not be enough to sustain a long-term uptrend. |
Expected Long-term Movement:
DOWN
Summary
The USD/CHF pair is expected to continue its bullish correction in the short term, but a reversal and downward trend are anticipated in the long term.
Result: [Method1]
ST=Up LT=Down
FlexityIndicator Analysis Method(2)
Here is the data structured and formatted in HTML for better readability:
USD/CHF Price Movement Analysis
Short-term (next few days to a week)
Technical Analysis |
Expected Price Movement |
The pair may break through the area between the signal lines downwards, indicating pressure from sellers. |
Down (but with a potential for a brief correction upwards) |
An attempt to develop a bullish correction and test the resistance level near 0.8745 is expected. |
|
Mixed signals from technical indicators suggest a volatile and potentially range-bound price movement. |
|
Long-term (next few weeks to months)
Economic Factors |
Expected Price Movement |
The Swiss Franc is under pressure due to the rising likelihood of more rate cuts by the Swiss National Bank (SNB). |
Up (with a potential for a breakout above 0.9075) |
A breakout above 0.9075 would indicate continued growth with a target above 0.9375. |
|
A breakout below 0.8325 would confirm the pair's fall. |
|
The US Federal Reserve's slower pace of interest rate cuts is expected to strengthen the USD against the CHF. |
|
Overall Outlook
- Short-term: Uncertain and potentially volatile, with a slight bias towards a downward movement.
- Long-term: Potential upward movement in the USD/CHF pair.
Let me know if you'd like me to make any changes
Result: [Method2]
ST=Down LT=Up
