USDCHF_101 robot successful trade, new SIGNAL: BUY

10月16日

USDCHF 2024.10.16 21:33:13 Trading Signal BUY

(the previous trade was successful, robot - USDCHF_101)

FrankPro Signal for USDCHF


Type: Screen
Signal: BUY
TP: 0.87385
SL: 0.86385
Entry Price: 0.8651



Flexity Analysis for USDCHF


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

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

[Method1] ST=Up LT=Down

[Method2] ST=Up LT=Up



FlexityIndicator Analysis Method(0)

USD/CHF Price Movement Assessment
Short-term (Intraday to a Few Days)
Price Movement Support Resistance
Sideways 0.8600 0.8698

If the price breaks above 0.8698, it could push the price towards 0.8899, indicating a potential upside movement.

However, if the price breaks below 0.8529, the intraday bias could turn neutral again.
Long-term (Medium-term to Several Weeks/Months)
Outlook Resistance Support
Bearish 0.9243 0.8332

The price action from 0.8332 is seen as a medium-term corrective pattern, indicating a potential rebound.

Strong support from 0.8332 could bring a rebound, but the bearish trend is expected to continue unless the price breaks above 0.9243.
Summary

In the short-term, the price is expected to move sideways with a potential upside movement if it breaks above 0.8698.
In the long-term, the overall outlook remains bearish, but a rebound is possible due to strong support at 0.8332.


Result: [Method0] ST=Same LT=Down


FlexityIndicator Analysis Method(1)

USD/CHF Price Movement Analysis
Short-term (Intraday to a Few Days)
Expected Price Movement Target Level Key Support Levels
Upward trend 38.2% retracement level at 0.8698 0.8529, 0.8512

However, there is a possibility of a bearish correction to test the support area near 0.8595 before continuing the upward trend.
Long-term (Weeks to Months)
Overall Outlook Key Resistance Level Key Support Level
Bearish 0.9243 0.8332

The price action from the 2023 low of 0.8332 is seen as a medium-term corrective pattern, suggesting that the larger downtrend from the 2022 high of 1.0146 may resume if the support at 0.8332 is broken.

However, a firm break above the resistance at 0.9243 could change the long-term outlook to bullish.
Summary

The USD/CHF pair is expected to continue its upward trend in the short-term.
The long-term outlook remains bearish unless the resistance at 0.9243 is broken.


Result: [Method1] ST=Up LT=Down


FlexityIndicator Analysis Method(2)

USD/CHF Price Movement Assessment
Short-term (next 24 hours)

The price is expected to move sideways with a weak bullish bias. There is a possibility of a short-term bearish correction, with support at 0.8579 and 0.8595, before potentially rebounding upwards.
Support Levels Resistance Level Expected Price Movement
0.8579, 0.8595 0.8675 UP (with high uncertainty and potential for sideways movement)
Long-term

The analysis suggests that the USD/CHF pair is expected to continue within a bullish channel, with a target above 0.8865.

Intraday bias: UP
Key level: 38.2% retracement of the 0.9223 to 0.8374 range at 0.8698
Potential long-term trend: UP if sustained break above 0.8698

Summary
Timeframe Expected Price Movement
Short-term (next 24 hours) UP (with high uncertainty and potential for sideways movement)
Long-term UP

Result: [Method2] ST=Up LT=Up