FX:USDCHF   U.S. Dollar / Swiss Franc
50 3 1
As described above
Follow my daily analysis and updates on Twitter: https://twitter.com/SwissPips
Thank you for your comment! Highly appreciated. Actually I wouldn't trade under 0.8894 (entry price above 0.8892's twice rejections) as described in my chart. Do you think it's not conceivable? I think this pair has been heavily oversold these past weeks and we should enter now in a recovery phase (hopefully).
ForceFollower SwissPips
As I said, anything can happen, so anything is conceivable. You're right about the fact that this pair's been heavily oversold but by other standards it is actually overbought. We've just had a nice piece of a recovery phase. :-) Whatever it does now, it will probably fail to do something, and failures are the driving force of most market moves. If it fails to retest these recent highs, it'll go down. If it fails to retrace now by more than say 38.2%, it'll probably resume this rally upwards.
Anything can happen, but I'm afraid, price might have a hard time getting to that high that marks Tgt1, even if breaks above the current highs. We've seen the cloud and the level 0.8892 rejected twice, so there may be more sellers than buyers now. I expect this pair to go down to as low as 0.8835.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out