Due to recent fundamental events the US Dollar has plummeted down to the lower trend line of a channel down pattern against the Swiss Franc. Moreover, it has fallen once more below the 2016 low level.
As the move occurred due to fundamental events, market participants should still look out of a breaking of the channel down pattern. However, if a rebound occurs,...
Waiting for a daily candle to close above 114.893, will be looking for either (1) an engulfing candle or (2) a break and retest of structure high. Not much to it besides basic price action and pivot points. The current consolidation inside the yellow zone leads me to believe a bullish trend will commence here in the next few days.
Areas of interest will be the...
The common European currency has reached a critical point against the Swiss Franc. The point can be best observed by drawing patterns on the weekly chart and examining them on the daily chart.
It can be seen that during the last surge of the Euro against the Franc the currency exchange rate has reached the combined resistance of a two year old ascending channel...
Due to the high trading volume on the Swiss Foreign Exchange Marketplace, it was decided upon doing a short review of the technical situation on the EUR/CHF currency pair.
It can be observed that the pair is dominantly trading in two ascending channel patterns. The pair encountered the combined resistance of the channels at the start of August. As a result of...
Hello, it looks like we have finished the abc correction after a stong impulse upside in wave A.
The wave c in abc correction was 5 wave impulse with an ending diagonal in wave 5 of 5 of 5.
We already have a strong upmove in place. Buy on dips seems to be a good trade as Risk/Reward > 4.
Target 0.9920 (C=A).
Stop 0.9583 (below current impulse)
On the Swissy hourly time frame, we've noticed a potential bearish Bat pattern is forming. X-A leg is clearly delineated completing down at .95860's followed by A-B retracing approx. 55%. B-C retraces just touching the 78.6%. Prospective C-D 88.6% retracement completion around .97450's
USD/CHF 1H Chart: Channel Up
The American Dollar is trading against the Swiss Franc simultaneously in descending and ascending channels.
The latter pattern consists of four confirmation points, where the last one represents a rebound of the exchange rate from the monthly PP at 0.9613.
In the upcoming hours it will become clear, which formation is...
Recently the US Dollar encountered a support combination of two notable levels of significance against the Swiss Franc. The support consists of the 2016 low level and the lower trend line of the dominant channel down pattern.
As a result of the rebound a medium term ascending channel has formed itself. However, its lower trend line has not been fully confirmed....
CHF/SGD 1H Chart: Channel Up
The Swiss Franc is gaining value against the Singapore Dollar in a short-term ascending channel that started to form after the currency exchange rate bounced off from the weekly S1 at 1.4007.
Depending on how you draw the pattern, it will consist of two reaction highs or three reaction lows.
In any case, there is a clearly...
NZD/CHF 1H Chart: Channel Up
The New Zealand Dollar is trading against the Swiss Franc in a two day long ascending channel.
Formation of the pattern represents a rebound of the currency exchange rate from the bottom trend-line of a preceding descending channel.
By the moment, the channel consists of four confirmation points, which means that it has...
GBP/CHF 1H Chart: Channel Down
The British Pound is losing value against the Swiss Franc in a vertical descending channel that has formed in the result of a rebound of the currency exchange rate from the upper trend-line of a preceding ascending channel.
At the moment, formation of the channel is completed, as it consists of four confirmation points.
...
We can see that the pair has broken through a previous Major level of Structure, yet it was not able to close above it. Instead it came back down and closed beneath which makes me believe that a decent correction is in the making and that the bulls have lost some momentum.
TRADE SAFE AND DO YOUR DUE DILIGENCE BEFORE ENTERING A TRADE.
GBP/CHF 1H Chart: Pennant
The British Pound is trading against the Swiss Franc in a short-term pennant formation.
The pattern represents the aftereffect of announcement of the UK Official Bank Rate and the subsequent Governor Carney’s speech last week.
By the early morning, the currency exchange rate has practically reached the breakout point from the...
Good evening,
After a tremendous run, the CAD/CHF currency pair is showing some notable technical reversal signs. With both the MACD and RSI turning over compounded with the fact that the euro trade is getting incredibly crowded, this is looking like a great time to get short.
Thoughts?
The US Dollar is regaining ground against the Swiss Franc in a channel up pattern. Most recently the currency pair bounced off the resistance of the ascending channel. That event was also the cause of the discovery of the pattern. Most likely the currency exchange rate will decline until it meets with the lower trend line of the ascending channel.
Coincidentally...
CAD/CHF 4H Chart: Channel Up
The Canadian Dollar is appreciating against the Swiss Franc in the medium-term ascending channel.
The pattern started to form shortly after the currency exchange rate left a descending triangle pattern and started to move in a new uptrend.
For the moment, the channel is made from four confirmation points, which means that...
