FX.co ★ Konnect2fx | USD/CHF

I am looking at the daily wave chart you’ve described, and I find the current setup for USD/CHF to be quite compelling in its narrative. I am seeing the 100 MA moving clearly parallel to the floor, which I interpret as a strong signal of a flat, range-bound mood persisting within the broader weekly context. I am observing that this creates a foundational atmosphere of consolidation, where directional momentum seems to be paused, and I believe this sets the stage for a tactical, range-playing approach. I am also focusing on the 18 MA, which I note has moved below that key moving average, an alignment that traditionally indicates a sell-off bias within the daily frame. However, I am particularly intrigued by the fact that, at its terminal point, this very moving average has now turned northward. I am analyzing its upward trajectory at what appears to be a 40-degree trend angle, and I sense this introduces a conflicting, near-term bullish pressure within the larger bearish daily structure

Furthermore, I am examining the Ichimoku Cloud, which I see is painted in what we call sell-off colors, reinforcing the dominant bearish sentiment in the near future. I am anticipating that this indicator promises a reversal of the current trend, yet I find it fascinating that its own trajectory is also trending upward at a similar 40-degree angle, creating a nuanced dissonance between visual cues. I am synthesizing all these elements, and I read them not as a call for a decisive breakout, but rather as a clear prerequisite for exploiting the market’s indecision through sideways movement. I am recalling that we already know the established boundaries of this range by heart, specifically the corridor between 0.8080 and 0.7920. I am now focusing on the immediate price action, as I believe we are just about to test and potentially exploit the upper limit of this band. I am considering the psychological and technical pressure at the 0.8080 resistance, and I am preparing for a potential rejection there that would honor the flat mood signaled by the 100 MA, even as the shorter averages and cloud flirt with a corrective rise. I am, therefore, viewing this as a classic scenario where the market’s internal contradictions—the bearish daily cloud versus the rising short-term MAs within a flat weekly context—are best navigated by playing the range edges with disciplined precision, starting with a vigilant watch on that 0.8080 ceiling for a possible reversal setup.