Simple Moving Average(SMA) 50-period (red), 200-period (bold, gray)
RSI-14 with Simple Moving Average 5-period of RSI attached.

Fibonacci Study
Elliott Wave Principles
Market and Price Action (patterns, candlesticks)
Intraday pivots and Intermediate-term support and resistance

Multiple Time-frame Analysis

US Dollar Strength Being Tested (2/15 Video)

USD/CHF
USD/CHF

- The USD/CHF has been very strong in February rallying from 0.9330 to 0.9780, 450 pips. The decline from 0.9780 has not even been a 38.2% retracement and the 0.96 level held as support.
- The RSI has broken above 70, and is now failing to break below 40. A break back above 60, should suggest bullish continuation, confirmed with a reading above 70.
- Did the USD/CHF just complete its correction, ready to head on the parity level?
- The downside risk before the market can clear the 0.9780 top is still 0.95 area, 61.8% retracement.
- However, price action suggests a start of a bullish attempt with the parity level in sight. In the near-term let's how the market reacts around 0.9780. If the market rallies above that, the 1.0, parity level is next.
- The daily chart continues to show the market flattening and threatening a rally within the context of this flattened sideways action, which has a bearish bias. However, the momentum is starting to shift, and  the current and second corrective wave above the 0.98 level can extend to 1.0, and maybe even 1.010.

USD/CHF

Has the USD/CHF completed its throwback, ready to rally to 1.0? We would love to hear what you think.

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