Chapter 16 USDCHF to New High
28/10/2022
Fundamental analysis
It's the weekend We have a lot of news coming for next week And most of the news is supporting the US dollar against the CHF Swiss franc
The Economic calendar:-
Switzerland Actual Retail Sales YoY (Sept)
Release Time: Oct 31, 2022
Previous 3%
Expectation 2.3%
A higher-than-expected figure should be seen as positive (bullish) for the CHF while a lower-than-expected figure should be seen as negative (bearish) for the CHF.
Switzerland Consumer Confidence Index (Q4)
Release Time: Nov 01, 2022
Previous -41.7
Expectation
A higher-than-expected figure should be seen as positive (bullish) for the CHF while a lower-than-expected figure should be seen as negative (bearish) for the CHF.
Switzerland CPI MoM (Oct)
Release Time: Nov 03, 2022
Previous -0.2%
Expectation 0.2%
A higher-than-expected figure should be seen as positive (bullish) for the CHF while a lower-than-expected figure should be seen as negative (bearish) for the CHF.
U.S. FOMC Interest Rate Cap (IOER）
Release Time: Nov 03, 2022
Previous 3.25%
Expectation 4%
A higher-than-expected figure should be seen as positive (bullish) for the USD while a lower-than-expected figure should be seen as negative (bearish) for the USD.
U.S. Non-Farm Payrolls (SA) (Oct)
Release Time: Nov 04, 2022
Previous 263k
Expectation 200k
A higher-than-expected figure should be seen as positive (bullish) for the USD while a lower-than-expected figure should be seen as negative (bearish) for the USD.
Technical analysis
In 4 hour time frame can see we are in an uptrend and expect the price to pull back down to 0.99150
To touch the 20 moving average and then continue pushing up with 20 moving average pointing up until the next supply zone at 1.01492
