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Swiss

USD/CHF 4H Chart: Channel UpThe 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 that might occur at the 23.60% Fibonacci retracement level of the 2016 low and 2017 high levels at the 0.9657 level. Afterwards the currency pair is highly likely going to continue the surge. In that case it will go upwards to the strong resistance cluster, which lasts from 0.9780 to 0.9791.
Long
by UnknownUnicorn890690
CAD/CHF LONG TO 7700!Canadian swiss franc has two major horizontal levels. Price action looks like it might break horizontal level upwards and range between 7300-7700. It's had a very nice bullish run this week, however, it is important to wait for the daily candle to close above the horizontal resistance. RSI has reset and still has more room to move upwards. It also broke the curve line and retested it. Nice crossover on the stoch as well. buy and lets aim for 7725.00. Ideas always welcome. Let me know what you everyone thinks.
Long
by minthooka
3
AUDCHF SELL THE BREAKOUTHi everyone: AUDCHF is on my weekly watch list for short, and today we are seeing an opportunity. Price action formed a lower high on the 4 hr chart, and a breakout of a rising wedge to the downside will give us great risk:reward trade. On the daily time frame we know that price action has retrace to 61.80%, daily lower high which confirms the bearish momentum. Potential target to the recent lows of 0.7280. Thank you for your support and feedback.
Short
by jojofang0901
GBPCHF TRIANGLE BREAKOUT. BUY THE PULLBACKHi everyone: WE have an excellent opportunity on GBPCHF for a long term trade. We can see the daily chart has been in a ranging market, and currently its at the bottom and rejecting support. The 4 hr chart broke out of the symmetrical triangle to the upside. Now we can wait for a higher low to develop before enter the trade. Potential targeting the daily fibs level of 38.20% and 81.80% TP 1: 1.2550 TP 2: 1.2750 Thank you for your support and feedback.
Long
by jojofang0901
Swiss SMI at All-Time Highs*! Its worth pausing..*All time high ('ATH') on a Total Return basis (dividends reinvested) 1. SMI has rallied an incredible 4% month to date, 7% in 30 days. 2. 'ATH's are defined as a tops set and not surpassed for several quarters to years. 2. We distinguish between rallies below the 'ATH', and rallies above 'ATH'. 3.a. Rally to the 'ATH' (from below) can continue similar momentum for a couple more weeks, 3.b. Rally above the ATM tends to be marked by greater volatility, and pullbacks following on average 3 to 4% gains. We are in the latter. 4. The last 'ATH' was followed by a 14% pullback. 5. Relative Strength at extreme overbought. Trade idea: Short, but with a stop x% above current level to mitigate a further upswing. Up to you to decide x!
SIX:SMIC
by MVedra
AUDCHF 18 months Bearish FlagAussie has had a lot of bearish momentum against the Swiss. If a break occurs we'll be selling the massive 18 months weekly flag. Also, if it fails to break just yet, we'll be trading the break of the red trend line. Up to the new highs to then sell. This is a really long term set up that could give us massive returns. Have a great week. ------------ Aussie ha tenido un gran impulso bajista contra el Franco Suizo. Si ocurre una ruptura de la bandera masiva de 18 meses venderemos con una alta probabilidad y un alto riesgo/beneficio. Además, si no se rompe todavía, estaremos operando la ruptura de la línea de tendencia roja. Hasta los nuevos máximos para luego vender. Se trata de una configuración realmente a largo plazo que podría darnos retornos increíbles. Que tengáis una buena semana.
by lluiszardoya
2