Do Swissies Know Something? | $USD $CHF #SNB #FED #Forex $EUR
Friends,
At this point, markets seem to have leveled off. In fact, USD started to rally, as it gains strength against most other currencies, except against the EURUSD, whose high of 1.38981 has remained unchallenged even after US markets closed.
A look at a reverse correlated USDCHF, my predictive analysis and forecasting system remains neutral for the time being, while a prop pattern has emerged to indicate a probable rallying from the current level.
I have defined a probable range of support (0.87522 to 0.87271), which should offer a significant support. A rallying from this range should concern the prospective or vested bear, unless price broke and closed below the lower value.
A bullish scenario opens to an immediate mod/high-probability primary target @ 0.89792, and a low-probability secondary target @ 0.91374.
OVERALL:
A prop pattern calls attention to a potential reversal at these levels. A reverse correlation with EURUSD or positive correlation with GBPUSD is worth the glance. However, other charts, such as XAUUSD and USDollar have also posted similar signal of probable reversal at current price levels. While a prop pattern offers a signal of a potential reversal against a forecasting system that remains bearish, the net objective directional bias remains NEUTRAL for now.
Cheers,
David Alcindor
Prop Trader
Predictive Analysis and Forecasting
-------------------------------------
Disclaimer:
- All my predictive analyses, forecast and signals are based on unshared proprietary patterns, strategies and market research results, which shall remain unshared and unknown to you, the reader. So, do your own due diligence before trading any market/asset. Additionally, my signals, forecasts, analyses and directional opinions are for educational purposes only and are not trading recommendations. Again, do your own due diligence first, then seek financial advice from a licensed professional, and only then enter the market at your own perils - David Alcindor - TradingView.com Alias: 4xForecaster
At this point, markets seem to have leveled off. In fact, USD started to rally, as it gains strength against most other currencies, except against the EURUSD, whose high of 1.38981 has remained unchallenged even after US markets closed.
A look at a reverse correlated USDCHF, my predictive analysis and forecasting system remains neutral for the time being, while a prop pattern has emerged to indicate a probable rallying from the current level.
I have defined a probable range of support (0.87522 to 0.87271), which should offer a significant support. A rallying from this range should concern the prospective or vested bear, unless price broke and closed below the lower value.
A bullish scenario opens to an immediate mod/high-probability primary target @ 0.89792, and a low-probability secondary target @ 0.91374.
OVERALL:
A prop pattern calls attention to a potential reversal at these levels. A reverse correlation with EURUSD or positive correlation with GBPUSD is worth the glance. However, other charts, such as XAUUSD and USDollar have also posted similar signal of probable reversal at current price levels. While a prop pattern offers a signal of a potential reversal against a forecasting system that remains bearish, the net objective directional bias remains NEUTRAL for now.
Cheers,
David Alcindor
Prop Trader
Predictive Analysis and Forecasting
-------------------------------------
Disclaimer:
- All my predictive analyses, forecast and signals are based on unshared proprietary patterns, strategies and market research results, which shall remain unshared and unknown to you, the reader. So, do your own due diligence before trading any market/asset. Additionally, my signals, forecasts, analyses and directional opinions are for educational purposes only and are not trading recommendations. Again, do your own due diligence first, then seek financial advice from a licensed professional, and only then enter the market at your own perils - David Alcindor - TradingView.com Alias: 4xForecaster
