maccabean
Long

The Swiss franc *might* go lower, but only so far

FX:USDCHF   U.S. Dollar / Swiss Franc
The Swiss Franc             has always been one of my favourite currencies to trade because it abides by support and resistance lines... except when the SNB intervenes.... ouch that one hurt.

In any case, what you are seeing here are arrows point up from very strong resistance lines stretching back several months. The A arrow points up from the weakest support, the second arrow points up from declining support and the I arrow points up from monthly support. Either way, the USDCHF             will bounce up from one of these lines, though as a caveat, a break below and I'd be closing off all your CHF positions.

RSI and CCI are overbought, a confirmation from the MACD would confirm buying opportunity.

Selling CHF also pays overnight premium.
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
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