USDCHF 2024.10.14 10:23:04 Trading Signal SELL

14 oct.

FrankPro Signal for USDCHF


Type: Screen
Signal: SELL
TP: 0.8569
SL: 0.86056
Entry Price: 0.85995


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)

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)

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)

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.

Result: [Method2] ST=Down LT=Up