Every read JAFX AI made on the USD/CHF 4-hour chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
22:03 UTC
Downtrend losing traction, recovering from lows · RSI 61 · price 0.82071
Double bottom at 0.8127–0.8133 with neckline broken; lower-high trendline cleared.
The slide from the 0.8313 window high carved lower highs into a double btm at 0.8127–0.8133. Friday's blowout NFP and hot wages lifted USD through the 0.8186 neckline and the descending lower-high trendline. The bounce stalled at 0.8220, the 50% fib of that decline and the week high. Price is back above both EMAs, but EMA20 has yet to cross EMA50. ATR(14) near 28 pips points to an active rather than compressed regime.
Support: 0.8186, 0.8133, 0.8127
Resistance: 0.8220, 0.8256, 0.8313
What it said to watch
- H4 close above the 0.8220 50% fib opens the path toward the 0.8256 swing high
- Slip back below the 0.8186 neckline would turn the breakout into a false break
- Failure to hold the 0.8133 double btm and the 0.8127 window low resumes the lower-low sequence
- US CPI on Tue Nov 10 13:30 UTC, with Waller earlier that day, could materially shift this read
- EMA20 crossing above EMA50 would confirm the swing turn
19:25 UTC
Downtrend stalling, post-NFP rebound · RSI 59 · price 0.82071
Lower highs from 0.8313; base at 0.8127-0.8135; range top cleared.
USD/CHF printed lower highs from the 0.8313 swing high down to the 0.8127 two-month low, where repeated tests between 0.8127 and 0.8135 built a double-bottom base beneath the 0.8185 range top. The blowout NFP lifted price through the range top and the lower-high line, but the rebound stalled at the 0.8220 NFP high, which sits on the 50% retracement. Price is holding just above the ema50 near 0.8203. ATR(14) near 28 pips is expanded versus the late-October grind, and EMA20 still sits below EMA50, so there is no bullish cross yet.
Support: 0.8203, 0.8185, 0.8127
Resistance: 0.8220, 0.8255, 0.8313
What it said to watch
- An H4 close back below the 0.8185 range top would turn the break into a false break and reopen the 0.8127 two-month low
- A close above the 0.8220 NFP high and 50% fib exposes the 0.8255 lower high, then the 0.8313 swing high
- Holding above the ema50 at 0.8203 keeps the range-break read intact
- US CPI on Tue at 13:30 UTC (core f/c 0.2%), plus Waller earlier that day, could materially shift this read