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CHF/JPY Bounces off strong resistanceThe Swiss Franc is a safe haven currency, where funds flock to, if there is an increase in risk in the markets. The Japanese Yen also is a safe haven currency. However, if one puts them one against another, one can not just speculate technically, but also avoid some of the fluctuations to and from risky and conservative assets. Regarding the technical picture, the rate recently bounced off a massive resistance cluster near the 111.50 level and began a decline. During the decline the pair once more confirmed the existence of a long term channel down pattern. Moreover, recently the rate failed to regain its losses, as it failed to pass the 111.00 mark, where the weekly S1 is located at.
Short
by UnknownUnicorn890690
USDCHF Talking Points: - USD/CHF has continued to show strength even with a persistently-weak US Dollar, and the pair rallied up to a fresh two-month high last week ahead of Non-Farm Payrolls out of the United States. - USD/CHF is continuing a pullback that started last Friday after that disappointing NFP report, and the pair is fast-approaching a couple of areas of prior higher-low support around .9550 and .9520. Will bulls respond to produce a higher-low above the .9500 psychological level? USD/CHF STRENGTH CONTINUES EVEN AS USD-WEAKNESS REMAINS PERVASIVE While a bearish US Dollar has remained prominent in some form or the other in many major currency pairs, USD/CHF has shown very little weakness as the pair has continued to rally up to fresh monthly highs. Last week saw that strength continue up to the .9650 level to set a fresh two-month high. Dollar-weakness on the heels of a disappointing NFP report on Friday helped to produce a pullback, and as we open up a fresh week, the pair is continuing to pull lower after last week’s bullish breakout. As we move deeper into this week, a couple of pertinent items out of the US are likely to keep the Dollar volatile. On Wednesday, we get March inflation numbers in the morning and later in the day we get the release of FOMC minutes from last month’s rate hike. After that – we begin to wade into US corporate earnings for last quarter, and this can keep the Dollar in the spotlight as expectations for earnings growth this quarter out of the US is very high. In USD/CHF, the primary theme appears to be one of continuation. The pair has put in a rather sharp rally after setting fresh two-year lows in mid-February, and strength in the pair has largely continued ever since. For those looking at bullish plays in the US Dollar, or for those looking for ways to offset short-USD exposure from other setups, the long side of USD/CHF can remain as attractive if we stay above the .9500 psychological level. On the below four-hour chart, we’re focusing in on the recent bullish advance, highlighting the two prior higher-low swings of support around .9550 and .9520. If we break back-below the psychological level of .9500, the bullish theme comes into question, and if we break-below the .9420 area of prior resistance/recent support, the bullish bias could be abandoned in favor of short-side setups in the pair.
Short
by FxGalaxyPremium
USDCHF Swing ForecastWill update when sell signal is provided Trading method: RSADVANTAGE Stage 5, accurate system manually forward tested over 3 years designed to stay out of ranging markets and only target strong trends suited for swing trading. This system is made of custom adaptive volume indicators and Oscillators that properly detect trends very early and provides exit signals at dynamic S/R zones once the trend has ended. // Average yearly pips gained is 40k per pair on D1 charts alone. I have provided a similar limited version of the system on Trading view to help traders visualize the strategy.
Short
by UnknownUnicorn1372988
USDCHFThe Swiss franc has been under pressure since the start of the week, with the USD / CHF pressing new monthly highs in New York trading today. The advance is testing the confluence resistance here at 0.9513 / 26 here the extent of 61.8% and the retraction of 38.2% converge at the proposed median line of the ascending force. Note that the daily impulse is also approaching the 60 threshold after recovering from oversold territory. In general terms: if we violate resistance to confluence here, look for a stretch toward 9600/9700. Next week is very important for the CHF pair because of the news about short-term interest rates and inflation reporting
Long
by FxGalaxyPremium
AUD/CHF 4H Chart: Fibonacci retracements dictateIn 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 making lower lows, as it has failed to pierce the 38.20% Fibo at 0.74 mark. That fact combined with the recent lower high levels has provided the opportunity to draw a speculative medium term channel down pattern. If the rate passes the 0.73 mark, the next notable support should be only near 0.7250.
Short
by UnknownUnicorn890690
EURCHF 4H Chart: Likely breakoutThe 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 in favour of bears to continue their dominance over the currency exchange rate.
by UnknownUnicorn890690
USDCHF 4H Chart: Set for breakoutThe 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 term. If and when this situation happens, the rate would encounter a resistance cluster set by the combination of the 200-hour simple moving average and the weekly R1 near 0.9428. Traders should look for opportunities to trade either direction if the aforementioned scenario occurs. 
by UnknownUnicorn890690
GBPCHF4H Chart: Full review 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 signals during the following trading sessions; therefore, the currency exchange rate is likely to decline further until it finds support at the monthly and weekly PPs near the 1.2888 mark.
Short
by WizzyPips
GBP/CHF 4H Chart: Bearish market 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 until it meet a support cluster of the weekly and monthly pivot points near the 1.2888 mark. In addition, technical indicators are all giving signal to sell the pair.
Short
by UnknownUnicorn890690
2
GBP/CHF 4H Chart: At crossroadsThe 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 pair should surge and break the resistance of the short term and medium term patterns. Although, in regards to the short term the situation has become unclear, as the short term pattern’s resistance has stopped the recent rebound.
by UnknownUnicorn890690
EUR/CHF 4H Chart: Breakout channelDuring 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 support cluster, where the lower trend line of the just mentioned pattern made the final push. In regards to the near future, the currency pair is set to hit the combined resistance of the weekly and monthly R1s at the 1.1780 mark.
Long
by UnknownUnicorn890690
1
EURCHF DOWNTREND CONTINUATIONTrading method: RSADVANTAGE Stage 5, accurate system manually forward tested over 3 years designed to stay out of ranging markets and only target strong trends suited for swing trading. This system is made of volume indicators and Oscillators that properly detect trends very early and provides exit signals at dynamic S/R zones once the trend has ended. // Average yearly pips gained is 40k per pair on D1 charts alone. EURCHF Technical Outlook To open SHORT positions for EURCHF, it is required: In this situation our system indicators to confirm trade entry confirmation for movement to the downside and but if the market trend continues to range this signal will become invalid. Market execution for entry, I will confirm signal once the conditions have been met. Risk Description: Once signal is confirmed 75 pips will be up for grab with small risk SL at swing high. Profit expectations: 1-4 day trade length expected before hitting profit target I will post exit strategy when signal receives a exit signal.
Short
by UnknownUnicorn1372988
1
EUR/CHF 4H Chart: Encounters unclear resistanceThe 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 combination of the weekly PP and the 55-period SMA at the 1.1660 mark. Due to that reason another approach of the before mentioned resistance is about to occur.
Long
by UnknownUnicorn890690
CHF/JPY 1D Chart: About to be squeezed inThe 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 future can be expected. However, downwards there are set to be various support levels before the pair reaches it eventual target near the 113.35 level. At that level the dominant patterns support line is located with other weekly and monthly support levels.
by UnknownUnicorn890690
USDCHF TREND CONTINUATION POSIBILITYTrading method: RSADVANTAGE Stage 5 system setup 95% accurate system manually forward tested over 3 years designed to stay out of ranging markets and only target strong trends. This system is made of custom technical indicators that properly detect trends very early and provides exit signals at the possible dynamic S/R zones. In this situation we are now waiting for Awesome Osci to go into positive territory for trade entry confirmation for movement to the upside and but if the market trend starts to range this signal will become invalid. Market execution for entry, confirmation will be required for entry. Risk Description: Once signal is confirmed 269 pips will be up for grab with small risk SL at swing low. the previous signal on this pair was 308pips we are looking to capture a continuation of this movement to the upside. Profit expectations: 20 day trade length expected before hitting profit target I will post exit strategy when signal receives a exit signal.
Long
by UnknownUnicorn1372988
USDCHF H1 Downtrend StartTrading method: RSADVANTAGE Stage 5, 95% accurate system manually forward tested over 3 years designed to stay out of ranging markets and only target strong trends. This system is made of custom technical indicators that properly detect trends very early and provides exit signals at the possible dynamic S/R zones. Average yearly pips gained is 40k per pair on D1 charts alone. USDCHF Technical Outlook To open SHORT positions for USDCHF , it is required: In this situation we are now waiting for a reversal to occur as we wait for Awesome Osci to go into negative territory alongside of our other system indicators to confirm trade entry confirmation for movement to the upside and but if the market trend continues to range this signal will become invalid. Market execution for entry, I will confirm signal once the conditions have been met. Risk Description: Once signal is confirmed 107 pips will be up for grab with small risk SL at swing high. Profit expectations: 1-2 day trade length expected before hitting profit target I will post exit strategy when signal receives a exit signal.
Short
by UnknownUnicorn1372988
GBPCHF One More Leg UpTrading method: RSADVANTAGE Stage 5 , 95% accurate black box system manually forward tested over 3 years designed to stay out of ranging markets and only target strong trends. This system is made of custom technical indicators that properly detect trends very early and provides exit signals at the possible dynamic S/R zones. Average yearly pips gained is 40k per pair. GBPCHF Technical Outlook To open long positions for GBPCHF , it is required: In this situation we are now waiting for a reversal to occur as we wait for Awesome Osci to go into positive territory alongside of our other system indicators to confirm trade entry confirmation for movement to the upside and but if the market trend continues to range this signal will become invalid. Market execution for entry, I will confirm signal once the conditions have been met. Risk Description: Once signal is confirmed 130 pips will be up for grab with small risk SL at swing low. Profit expectations: 1-2 day trade length expected before hitting profit target I will post exit strategy when signal receives a exit signal. Current Dynamic S/R Levels: Swing high: 1.34210 Swing low: 1.32780
Long
by UnknownUnicorn1372988