CHFJPY daily chart analysis, price at daily uptrend. i took a short in supply and will look for buys at demand (why?) because more buyers in that area so i want to buy.... that simple
Listen. The wicks dont lie. The peak has been reached as seen in my orange zone. Expect further retraction on USDCHF.
Here we are remaining with our long bias, a view that has been with us since 2018. => Fundamentally, the SNB increasing in deposits suggests that the SNB have likely been keeping the EURCHF supported whilst volatility was on the move. President Jordan notably mentioned that the SNB is growing more concerned with market vol and the impact it is having on the...
Going along with my take on the Dollar Index, we can expect the DXY to sell, therefore causing this pair to sell as the dollar weakens. We can see that price has broken this trend and has failed the retest, thus becoming a confirmation to sell.
on the cad/chf I have seen potential short set up which is also in line with the fib retracement of 0.618 from the highest point of the downward channel. daily/4hr will be shown as well.
Hi there. Price is forming a reversal pattern to change its direction. Wait for the price to hit the top of the pattern and watch strong price action for sell.
Hi there. Wait for the price to hit the top of the pattern and watch strong price action for sell.
EURCHF, H4, Daily and Weekly EURCHF dropped sharply to a two-and-a-half month low at 1.1226 , breaking Support at 1.1260-61 on route. The losses reflect Brexit-related angst after UK Prime Minister May postponed the parliamentary vote on the EU Withdrawal Agreement, which generated confusion and increased the perceived risk of a hard, no-deal Brexit...
Good R/R any breakout of the channel and you must cancel the trade set up
USDCHF STRONG STRUCTURE ZONE I don't only want to post trades on here for you guys I also want to be able to post market outlooks and analysis as well. As you can see USDCHF is just starting to come into a very strong structure zone. Back in January of 2015 you can see that this market had a 16%+ drop in a matter of a week. THAT IS HUGE and as you can see it's...
That green area is a daily bearish orderblock that is now being used as a resistance for the third time. So far this is the longest consolidation inside of it since we broke below in March 2017, which is a good indication that the resistance is weakening and may be broken anytime. On the 4H chart, we've hit the local sweet spot for a retracement and are...
Since we're still below a major resistance, it's also possible to look for bearish scenarios. We will know what's going to happen once we have a break on either side. If we break down from here and below the daily breaker (+ daily horizontal level), we'll be looking to short the retest and aiming for those lows there. Again, wait for confirmation and trade...
Do you believe in end of the world? I don't.
Question: if someone held a gun to your head, and forced you to pick a 5 year+ forex pair that would capitalize on a USD bull market, which pair would it be? Answer: USDCHF The Swiss Franc has long since lost it's save haven status, and its largest trading partner is the EU, the failed 4th Reich. The Dollar remains the most sought-after currency in the...
EURCHF could be a key chart to watch in the coming weeks as the Italy situation continues to put pressures on the EURO, not only that the FED are looking to continue there plan to hike rates which will have a massive impact on the value of the EURUSD. If the Italy saga continues we may see a run to the CHF as it is know as the european safe haven. Technicals show...