USDCHF has failed to confirm a downtrend on the Quarterly Profile suggesting a reversion move back to the Zone-Trader Pivot at .93542. Since the buy signal was generated from the failure USDCHF has traded higher and is attempting to head to the Zone-Trader Pivot on this Profile as expected.
As this trade has developed and USDCHF has traded higher in price, this cross rate was able to break back above the Zone-Trader Pivot on the Yearly Profile at .91180 and last weeks candle closed above this key price level, which is also known as the point of control.
USDCHF is suggesting it will attempt to make a bullish breakout on the Yearly profile look for the Zone-Trader Pivot at .91180 to provide support then look for buy signals on medium term charts. If the Zone-Trader Pivot on the Yearly Profile holds support at .91180 then USDCHF should be able to reach the Zone-Trader Pivot on the Quarterly Profile, which the failed confirmation of a downtrend suggested again that price is .93542.
The new Persistence Zone for this Quarter has already plotted and it is being derived by last quarter's Neutral Zone MR1 to MS1, which means the current Zone-Trader Pivot on the Quarterly Profile at .93542 is also the midpoint of this Quarter's Persistence Zone. This is super important as the Persistence Zone identifies where the fight is the greatest between the bulls and the bears and the midpoint of the PZ separates the zone between the bullish and bearish halves.
USDCHF will have to break above .93542 in order to continue an uptrend. If USDCHF can break above this key price level then it could reach .95946, or .97838 price areas
Here is screenshot of Yearly and Quarterly Profiles side by side. Yearly is on the left, and Quarterly is on the right. Good Luck
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As this trade has developed and USDCHF has traded higher in price, this cross rate was able to break back above the Zone-Trader Pivot on the Yearly Profile at .91180 and last weeks candle closed above this key price level, which is also known as the point of control.
USDCHF is suggesting it will attempt to make a bullish breakout on the Yearly profile look for the Zone-Trader Pivot at .91180 to provide support then look for buy signals on medium term charts. If the Zone-Trader Pivot on the Yearly Profile holds support at .91180 then USDCHF should be able to reach the Zone-Trader Pivot on the Quarterly Profile, which the failed confirmation of a downtrend suggested again that price is .93542.
The new Persistence Zone for this Quarter has already plotted and it is being derived by last quarter's Neutral Zone MR1 to MS1, which means the current Zone-Trader Pivot on the Quarterly Profile at .93542 is also the midpoint of this Quarter's Persistence Zone. This is super important as the Persistence Zone identifies where the fight is the greatest between the bulls and the bears and the midpoint of the PZ separates the zone between the bullish and bearish halves.
USDCHF will have to break above .93542 in order to continue an uptrend. If USDCHF can break above this key price level then it could reach .95946, or .97838 price areas
Here is screenshot of Yearly and Quarterly Profiles side by side. Yearly is on the left, and Quarterly is on the right. Good Luck
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