Aud is weak, chf is strong right now. Put that together along with a 4 hr consolidation breakout, expect more downside.
EUR/CHF I've been looking at this pair all day, and I'm glad to see that it's going in my favour. Guy's it's not too late to jump in, if you managed to jump in on the break of the bearish trend line well done! If you didn't now's not too late however manage your risk! TP: 1.17000/1.18000/
In an effort to offer a breathe from the US Dollars surge, Dukascopy analysts took a look at the AUD/CHF currency pair. In general the rate is highly volatile and there are no large or small scale trend lines to be drawn. Instead the currency pair is bouncing between large scale Fibonacci retracement levels. Meanwhile, in the past month the Aussie has been...
The common European currency has been trading in an ascending channel against the Swiss Franc after it hit the lower boundary of an eight-month dominant channel. During the past few weeks, the pair has formed a new junior pattern. A breakout is likely to occur through the upper boundary of a triangle within the following trading session. Technical indicators are...
The US Dollar has been bound in several long and short-term patterns which have guided the price lower since October 2017. The currency pair is likely to continue falling within the following trading sessions in line with the medium-term pattern. The pair is currently trading near the border of the junior channel and could breach the upper boundary in the short...
The Pound Sterling has been constrained by a descending channel against the Swiss Franc after hitting the weekly pivot point near 1.3515. The upper boundary of a junior channel was reached on January 25. The Sterling's inability to make a new wave up suggests that it might breach the dominant channel in the next few hours. Technical indicators flash bearish...
The British Pound has been depreciating in a channel down against the Swiss Franc after it touched the upper boundary of a dominant channel on January 22. Meanwhile, a breakout occurred through the lower boundary of a triangle pattern as can be observed on the chart. During the following trading sessions, the GBP/CHF pair is likely to continue its bearish path...
The Pound has recently decline against the Swiss Franc due to not being able to pass the resistance of a medium scale ascending pattern. However, it was already expected that the pattern will be broken. Instead the currency exchange rate has begun a decline to a support cluster near lower trend line of the most dominant ascending pattern. That indicates that the...
During a long period of time the large scale triangle pattern on the EUR/CHF was the main point of attention. However, as it has been already reviewed, the pair broke out to the upside. Meanwhile, the aftermath of the break out has resulted in a medium scale channel up pattern taking the lead. Moreover, the currency exchange rate recently bounced off a strong...
The common European currency is still being supported by a medium term trend line against the Swiss Franc. However, recently there have been new developments. The pair seems to be being held back by the resistance of the 1.1720 mark. Although, no clearly visible explanation for the existence of the resistance can be seen. Most recently the pair found support in...
The two top risk off currencies have reached a critical level on the daily chart one against another. The pair recently bounced off the lower trend line a dominant pattern and moved to the resistance of a junior channel down. The resistance is strengthened by various additional resistance levels near the 114.50 mark. Due to that reason a decline down in the...
Last week price tested and held key support at 0.98599 hinting further advances. A pullback and re-test of this key area of support will provide a secondary opportunity to look for longs towards the target and next key resistance area of 1.00239.
Last week price broke below our target and key support at 0.97622. With a failure to break back above this area we look for further declines next week towards 0.96480 and 0.95559 respectively.
Last week price broke below key support at 0.98599. With this failure of support and a weak USD, a pullback and retest of broken support turning resistance at 0.98599 would provide an opportunity to look for shorts, down towards the next two key areas of support to the downside at 0.97622 and 0.96480 respectively.
Last week price continued to correct into the key area of support at 0.98599. As we go into next week with this support area holding the preference is for further advances up towards the next key areas of resistance at 1.00774 and 1.01653. Some strength in the USD Index will be needed to make this pair rally however.
After a low volatility week price continued to correct, however, the overall Bull trend remains intact. Next week we look for further advances, with a pullback to key support at 0.98783 providing a great place to look for long set ups towards the targets to the upside at 1.00774 and 1.01653 respectively.
Last week the GBPCHF sold off due to Bank of England data and we look for further declines as a possibility this week. Price is in the process of forming a Bear flag with a further correction, potentially to broken support turning resistance at 1.31809, providing a great place to look for Bearish patterns for shorts down to the targets of 1.29883 and 1.28748 respectively.
We start next week with the UsdChf uptrend still intact and looking for further advances towards the targets of 1.00774 and 1.01653 respectively. A correction towards the 0.99400 level would provide a great place to look for longs.