My EWC suggests we could see a temporary move down of this pair once approached the red area. Be wise if taking this trade yourself and feel free to ask any question.
USDCHF Forecast Using trend lines , a clear bullish trend has been identified with strong support and resistance levels also being identified. After a bullish week in USDCHF, prices have reached the resistance level . The last candle was bearish indicating possible bearish momentum coming into the markets. This could indicate a pullback to the support level .
Hello al Linked to my EURUSD short, I am long USDCHF off of support and a decent area Fibonacci retracement area. Trade is active, lets see if it gets up to MR2 - Monthly resistance A more conservative entry is a close above the diagonal trend line. Thanks for looking at my idea Cheers Duncan
USDCHF, Sell on H1. H1: - Structure: Downtrend - Tendency: Downward - Break and closed below support - Candle: Bearish outside candle => Sell
USDCHF broke uptrend line price now trading in downtrend line price below HVN around 0.8902 price also below key level around 0.8930 and SMA 100 MACD shows bearish momentum RSI in downtrend line below 50 so its expect bearish movement to demand zone around 0.8760
USDCHF, Sell on H1. H1: - Structure: Downtrend - Tendency: Downward - Break and closed below support - Candle: Bearish outside candle => Sell
USDCHF trading in uptrend line price rebounded from key level around 0.8980 price based above SMA 100 MACD shows start of bullish momentum RSI in uptrend line above 50 so its expect bullish movement to supply zone around 0.9160
Only an idea, Resistance at around 0.90000 mark and following slight trend, See a new 4hr candle forming in a downtrend. Just below 70 on the RSI which indicates a small downtrend movement possibly
Be very careful with this market as we are heading the FX Algo weekly high. If you remember last week there were no big moves on USDCHF towards the weekly high and now we are very close. It would be wise to start looking for places to sell, either at the Algo Weekly High or 0.89951 which is a selling Imbalance POI - Strong buy-side interest at...0.89302 POI -...
Sellers seem to be trapped from the previous day and the market is now in an uptrend from the Asian session. the volume action is around 0.88869 and actually seems to be holding a buy level, instead of a sell level. POI - Strong buy-side interest at 0.88869 but could be a good area for sellers to come back POI - Strong Sell-side interest at 0.88869 Currency...
ANALYSIS 🔎 - USDCHF is printing the inverse head and shoulders pattern. - This is a trend reversal pattern. - A bullish pattern to be precise. - Price is testing the neckline resistance. - There's an upward breakout potential. BUY ENTRY ⬆️ - Breakout above the inverse head and shoulders neckline resistance. TARGETS 🎯 - Fibonacci extension levels SETUP...
Not a wide trading range. most likely will see some consolidation between the to Buying and Selling Imbalances. POI - Strong buy-side interest at 0.88837 POI - Strong Sell-side interest at 0.89034 Currency Strength Comparison - Strong: USD & CHF Weak: N/A delta: +8.54 #CHF #USD #USDCHF #FOREX
Thought it would be wiser to post the trading levels in the morning so we know if the Asian session has taken some of them out. Ouch! I am already crying from the Asian session sellers who were aggressive and are now trapped. With the Fed announcement at 7 pm GMT, I would be risk-averse with the trades today. If we drop below 0.88628 become a seller with this...
USDCHF - Intraday - We look to Buy a break of 0.8931 (stop at 0.8908) Pivot resistance is at 0.8920. A break of bespoke resistance at 0.8920, and the move higher is already underway. There is scope for mild upward pressure at the open but we look for selling interest to resist gains. Short term oscillators have turned positive. The bias is to break to the...
Here is our technical outlook for USDCHF. Our analysis is based on purely technical outlook. According to our drawing USDCHF is trading within a support. Based on our stand point the market will go higher to the next resistance. Please, support our analysis with like and comment!
Reasons- 1) Recent downside breakout making the noob traders open short positions. 2) Bank likely to book profits there and creating huge demand. 3) Stop losses of the bears getting triggered will also fuel the rally. 4) Monthly support is far important than daily support. 5) Buying long near the lower Bollinger band itself brings more odds in our favour 6)...