UsdChf Midterm Long

The symbol, which had declined due to U.S. recession fears, saw a recovery process triggered by rate cut signals from the Fed. However, this process was interrupted by market expectations of a 50 basis point cut at the first meeting, leading to another decline. Currently, the expectation of a 50 basis point cut is gradually decreasing to 25 basis points. With this adjustment, we may see a recovery up to the 50% Fibonacci level.

On the weekly chart, a hammer candlestick pattern has formed, technically supporting the bullish outlook. The fact that the previous price rise reversed at the 38.2% level also indicates a price movement consistent with technical analysis.