Source: PaxForex Premium Analytics Portal, Technical Insight

Unprecedented monetary easing has expanded the US Federal Reserve's balance sheet to a new record. According to St. Louis Federal Reserve Bank, the size of the Fed's balance sheet broke the previous record of $7.17 trillion set in October and reached $7.24 trillion. During the current year, the figure rose by almost 80%, which led to higher inflationary expectations and supported gold. The yellow metal rose by 20+% this year, marking a record high of $2.075 in August.

USD/CHF, 30 min

Pivot: 0.9100

Analysis:

Provided that the currency pair is traded below 0.9115, follow the recommendations below:

• Time frame: 30 min
• Recommendation: short position
• Entry point: 0.9100
• Take Profit 1: 0.9080
• Take Profit 2: 0.9070

Alternative scenario: 

In case of breakout of the level 0.9115, follow the recommendations below:

• Time frame: 30 min
• Recommendation: long position
• Entry point: 0.9115
• Take Profit 1: 0.9125
• Take Profit 2: 0.9140

Comment:

RSI shows the possibility of a descending momentum. 

Key levels:

USD/CHF, D1

Pivot: 0.9108

Analysis:

While the price is below 0.9200, follow the recommendations below:

• Time frame: D1
• Recommendation: short position
• Entry point: 0.9108
• Take Profit 1: 0.8980
• Take Profit 2: 0.8890

Alternative scenario:

If the level 0.9200 is broken-out, follow the recommendations below:

• Time frame: D1
• Recommendation: long position
• Entry point: 0.9200
• Take Profit 1: 0.9295
• Take Profit 2: 0.9395

Comment:

RSI shows the development of a downtrend in the medium-term.

Key levels:

We also advise you to pay attention to the following currency pairs for intraday trading:

EUR/USD - buy above 1.1850 with 1.1890 and 1.1905 targets as Take Profit. Alternative scenario - if the level 1.1850 is broken-down, sell with the TP 1.1830 and 1.1815. 
GBP/USD – buy above 1.3285 with 1.3370 and 1.3390 as Take Profit targets. Alternative scenario - if the level of 1.3285 is broken-down, you should consider selling with the targets 1.3255 and 1.3225 as Take Profit.
AUD/USD - long positions above 0.7295 with 0.7330 and 0.7355 targets as Take Profit. Alternative scenario - if the level of 0.7295 is broken-down, sell with the targets 0.7280 and 0.7265 as Take Profit.