For starters, a review of last week’s forecast:
On Monday, after breaking through support at 0.9920, USD/CHF tried to go down to the next level of 0.9800 but failed. As predicted by graphical analysis, the pair rose to the upper boundary of the range – 1.0100. On reaching it, in accord with the experts’ opinion, the pair returned to its main level of the last...
Here is my possible wave count for the USDCHF. Rather this is X or 2, we have a setup for a good entry for a trade here. Stop loss would be above the Circle X. The 61.8% is a very conservative high probability target. If you can watch the count all day then maybe you can go lower, however im not planning to catch the entire move, just the probability of reaching...
First, about the forecast for the past week:
The prediction for USD/CHF was 100% correct in regards to the trend direction. The pair was supposed to rise to 1.0700 at the start of the week and then return to the 0.9850 support level. However, developments on stock markets sharply increased the pair’s volatility, and, as a result, it was able to get up to 1.0123...
First, a review of last week’s forecast:
Graphical analysis indicated that 0.9850 would become support for USD/CHF and the pair would move up from there to the landmark of 1.0000, which worked out 100%.
For a second week in a row, only technical and graphical analysis has been used for the forecasts as all leading analysts are still on holidays. However, the...
First, a review of last week’s predictions:
- the USD/CHF pair gave the impression that Swiss bankers closed down for the holidays – the pair went neither up nor down but remained at the pivot point of the past 3 weeks, i.e. 0.9900.
Forecast for the Coming Week
It has to be noted that all analysts are off for the holidays, and thus forecasts will be based on...
First, a review of last week’s forecast:
There were varied opinions regarding USD/CHF again – some experts and indicators voted for a rise while others for a fall. The pair did just that – first, it went up a little, then dropped, then rose again and ended up 100 points higher in one week, although it doesn’t qualify yet as a full-on upward reversal.
Forecast...
Since Monday USDCHF has retraced back to current level 0.9950, sitting just above dynamic line, that was made through 09-25 Sep highs. Its current value 0.9940 works as pivotal to USDCHF.
Above 0.9950 I expect further USDCHF growth targeting 1.0100.
4-hour close below blue line indicates retest of 0.9770 area.
First, a review of the forecast for the past week:
There was no clarity about USD/CHF. One of the scenarios was a fall to support around 0.9765. The pair did go down but stalled at 0.9800 without hitting the said bottom level.
Forecast for the coming week.
Summing up the opinions of several dozen analysts from leading banks and broker companies as well as...
Overvalued Swiss franc?
On march 19th, 2015 SNB left benchmark interest rates @ -1.25% and -0.5% and -0.75% on deposits, to discourage holding investments in Swiss Franc. The bank believes that the Franc is overvalued and should continue to weaken overtime. The SNB revised down growth in the Swiss economy to 1% from 2%. They believe that a stronger Franc keeps...
As you can see price just bounced at the down trend and MACD is showing divergence.
price should go down to the red circule and if it break the trend there will be a possibility for a short.
keep an eye on this!!!
what do you think?
Looking at the pair, it pushed down to a key support level of 89.361. Traders rejected going down below those prices and the bullish momentum built up to take the pair to the resistance level at 92.309 (0.382 fib). Prices then fell to reject the support of 91.177 (0.236 fib) and break the pivot or previous high @ 92.357 to push towards the 93.101 near the 93.223...
