USDCHF possible attack on resistance, good data on the horizon

The Swiss currency, which is very strong against many stocks, has a chance of weakening. The macroeconomic data, which may strengthen the US dollar against all currencies, speak in favor.

The expectations are hawkish, thanks to which USDCHF has a chance to break the resistance which it has already approached several times.

You can see that the most important data are to improve so that today we can see increases in pairs with the US Dollar, and this is what I will expect.

I expect a resistance breakout on USDCHF, and after the M1 retest, I will be looking for an opportunity to trade long. The next attempt to break the level will speak for it (if it happens), and the more such attempts, the greater the pressure on a given level.

GBPUSD possible significant downward correction

The British pound has appreciated considerably over the last few days without any major corrections. The presented scenario was 100% fulfilled, despite the fact that it differed significantly from other analyzes of professional analysts and people with at least ten years of experience in financial markets. You can find the analysis here: GBPUSD Possible further increases after correction

Now, however, we are in a situation where, despite a strong trned, a decline will be possible due to two factors, and basically one: macroeconomic data. Worse for the Pound and better for the Dollar

Asia started a correction and now everything will be resolved in the European session. Possible course behavior if the data is as expected. The range at least to the blue trend line which will coincide with the triangle line, but if the decline was dynamic, it can be expected that there will be a return at the support level of the triangle formed.

Gold is implementing the plan, possible decline ahead of data

Gold did not surprise us, it behaves exactly as it was presented in this week's analysis. Currently, there is still a chance for a decline in relation to expectations for good data for the US dollar, so we can expect a bigger move of the stock and an exit from the temporary consolidation.