AUDCHF: CHF Devaluation Amid SNB Report: Short-Term Trend Shift
Swiss Franc Devaluation Amid SNB Report: Short-Term Trend Shift
Today, the Swiss National Bank (SNB) reported a decline in two of its main indicators, leading to a short-term devaluation of the Swiss Franc (CHF).
This movement also indicates a change in the short-term trend.
Swiss October CPI +0.6% vs +0.8% y/y expected
Swiss October retail sales 2.2% vs. 2.5% y/y expected
Technical Analysis:
AUDCHF has completed a bullish wedge pattern, positioning the price for a bullish wave.
The volume may increase today or in the coming days.
I expect AUDCHF to rise to the targets shown on the chart:
Targets: 🎯 0.5720 🎯 0.5755
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Today, the Swiss National Bank (SNB) reported a decline in two of its main indicators, leading to a short-term devaluation of the Swiss Franc (CHF).
This movement also indicates a change in the short-term trend.
Swiss October CPI +0.6% vs +0.8% y/y expected
Swiss October retail sales 2.2% vs. 2.5% y/y expected
Technical Analysis:
AUDCHF has completed a bullish wedge pattern, positioning the price for a bullish wave.
The volume may increase today or in the coming days.
I expect AUDCHF to rise to the targets shown on the chart:
Targets: 🎯 0.5720 🎯 0.5755
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Trade closed: target reached
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t.me/KlejdiCuni
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youtube.com/@TradingPuzzles
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.