FX.co ★ Konnect2fx | USD/CHF

I must acknowledge that I genuinely appreciate your perspective on the current gold movement, though I find I hold a differing interpretation of that specific market. I fully understand why you would describe that surge toward 4800 with such emphatic admiration, as I can clearly see the dramatic nature of that price action on the chart. I am now turning my analytical focus toward the USD/CHF pair, which I believe presents a fascinating and multi-faceted technical picture at this juncture. I am examining the daily chart through the lens of wave analysis combined with the Butterfly indicator, and I note that it was precisely this tool that generated a buy signal approximately one month ago. I observe that this signal remains actively valid without any instance of negation or redrawing, which I consider a significant point of structural integrity. I am, however, thoughtfully contemplating the meaning of the recent decline, as I am currently uncertain whether it represents a corrective pullback within a broader bullish impulse or perhaps an early signal of a non-flat, trending environment shifting beneath the surface. I recognize that I still have more analytical work to do to resolve this particular question definitively

Furthermore, I am synthesizing the data from several other key indicators to build a more complete tactical view. I see that the MA100 is moving in a strikingly horizontal trajectory, which I interpret as a clear classical indicator of a flat or ranging market sentiment on a higher timeframe. Simultaneously, I note that the MA18 is currently engaged in a sell-off, yet its overall path seems to be curving upward, and I anticipate a potential golden cross formation in the near future. I find this dynamic within the moving averages particularly interesting, as it suggests conflicting short-term and medium-term pressures. I also observe that the Ichimoku Cloud is presently very thin and neutral, offering no strong directional bias, which I again read as a confirmation of the prevailing ranging conditions. However, I am mindful that a decisive bearish reversal could still emerge from this consolidation. I have assessed the combinations of my foundational oscillators and momentum studies, and they collectively suggest to me that we are indeed confined within a defined range-bound market structure. Therefore, operating under this premise of a range, I am applying a pendulum-based methodology to my short-term forecast, and based on the current cyclical positioning within that range, I am presently expecting a move toward growth, or an ascent toward the range’s upper boundary, before the next swing back. I maintain this outlook while staying prepared to reassess should the price action violate the perceived range parameters or if the Butterfly indicator provides a new, conflicting signal.