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)...
USD/CHF🇺🇸 🇨🇭 has set at the strong Support zone. The RSI is in the deep oversold that suggesting that the Support is going to hold and we can long from here. If you like the idea PLEASE don't forget to hit the LIKE 👍👍👍button Also share your thoughts and charts here in the comment ⌨️ section
It looks like the market is going to move upward. The price bounced from 0.88500 support. RSI confirmed the price reversal. MACD histogram is going to support a further upward movement. If the price can stay above the support zone and breaks SMA200, we will get a trend reversal signal. It will be another bullish signal. If we combine all bullish signals from the...
TECHNICAL ANALYSIS: -The 2nd of December the price broke an important weekly support level, during a bearish movement with high volatility, concluded with a rejection on the support line at about 0.88532. -The market started a consolidation phase, failing any attempt to break a daily resistance zone at about 0.89058, before to fall down until the price touched a...
USD/CHF 🇺🇸🇨🇭 The price , after a deep drop has landed at the strong support that was hold in 2014 and last time was broken in 2015. As the 20&50 ma indicating the Bullish tendencies , hence we shall expect the price to grow. If you like the idea PLEASE don't forget to hit the LIKE 👍👍👍button Also share your thoughts and charts here in the comment ⌨️ section
TECHNICAL ANALYSIS: -Since the 25th of November the market was following a strong Downtrend, keeping the price under the Exponential Moving Average 50 untill the 3rd of December; -The price then, reached a strong Support Area at 0.89000, moving the market in a side trend with a really Low Volatility; -Since the 9th of December, a fast decrease of volumes made...
Welcome Back. Please support this idea with LIKE if you find it useful. *** The two directions are still opposing at the same time, when he breaks the trend, there will be a strong move because it is a very strong trend. ***
USD/CHF 🇺🇸🇨🇭 is moving within the Downward channel.The price is bouncing from the Support as we can see. The ROT swing together with the possible bullish cross of 20&50 ma we expect the further rise! If you like the idea PLEASE don't forget to hit the LIKE 👍👍👍button Also share your thoughts and charts here in the comment ⌨️ section
USDCHF rebounded from support level around 0.8870 RSI shows positive divergence MACD shows weakness of bearish momentum if price break resistance level around 0.8915 it will confirm bullish movement to key level around 0.9000
DXY has fallen so much that we really need a little change and recovery of the market
USDCHF H12 CHART Hello Traders 👋If you find this analysis useful, please support me with your likes and comments. If you have another analysis at this pair, please share in comments, I will be glad to discuss with you.
USD/CHF 🇺🇸 🇨🇭 is moving within the broadening triangle pattern. The bottom descending support most probably will not be broken and we suppose to expect the further bounce as the RSI oversold is suggesting. If you like the idea PLEASE don't forget to hit the LIKE 👍👍👍button Also share your thoughts and charts here in the comment ⌨️ section
This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below! Let’s make some money together!
USDCHF rejected the descending triangle resistance as expected from my previous analysis.
+ 60 pips short move of USD/CHF🇺🇸 🇨🇭 was caught. The price has not managed to break the 0.90544 support and has just bounced from it. Moreover , the ROT has just indicated the - to + swing that is a good sing of trend reversal , thus the upward movement is expected up to the 0.91386. If you like the idea PLEASE don't forget to hit the LIKE 👍👍👍button Also share...
USDCHF DAILY CHART Hello Traders 👋If you find this analysis useful, please support me with your likes and comments. If you have another analysis at this pair, please share in comments, I will be glad to discuss with you.