Swiss
Swiss Franc Downtrend ContinuationThe Franc has been in a moderate downtrend for a while and has recently taken a dip. Over the last few days we've seen some profit taking from the shorts with a minor peak. With the overall downward pressure of the daily/monthly downtrend, and the lack of much support below, I expect to see USDCHF continue on downwards.
Novartis Ready For A Fresh Leg HigherNovartis has corrected about 7% towards and below its 200day moving average, and is coming back. A close above 78.35 today, would confirm that. Momentum indicators were a little oversold and are bouncing.
Stop at 77.50
Target zone: 82.80 - 84.00
GBP CHF 4HR Chart ShortShort here. No major news events arising in next few days / week. Following range drawn my trend lines. Meets fib retracement rules.
EURO/SWISS FRANC My Prediction for Short.EURO/SWISS FRANC My Prediction for Short. I think that it will fall short because with past trends it has peaked and then fallen to slump but will eventually recover.
Short Trade off a Daily levelThis setup really caught my eye. I really like the move away from the area. One of the key attributes of an area that I look for is the move away. The move away is extremely strong as well as clean indicating that there is lots of imbalance. One thing to keep in mind is that price my very well trade from the .97091 area where the wicks are protruding my entry line. I move my entry up to the real body of the candle to cut back on the risk of this setup. If your pockets are a little deeper than mine and you can handle a bit more risk, feel free to move the entry to include the wicks. Although that will increase your risk slightly, the odds of you getting filled on this setup is increased.
AUD/CHF: MIDAS TECHNICAL ANALYSISPrice have come back to test the Midas R2 curve. I am looking to buy if price close above 0.75.
Midas Trading Tools for MT4 is available to download @ MQL5.com
USDCHF Long IdeaThis is my USDCHF idea for long, I know last week it has been somewhat bearish , I think it is now hitting resistance and looking for way up.
USD/CHF - Breakout pendingWill be looking to take a long position on USD/CHF based on the following reasons:
- 0.618 fib support held strong
- Inside a falling wedge which is normally a sign of reversal
- Following NFP earlier this month, the dollar has seen unprecedented strength, therefore I expect this to continue
As always, trade safe
CHF/JPY - Continuation of the downtrend?Will be looking to take a short position on CHF/JPY based on the following reasons:
- Previous support has now become resistance (108)
- Failure to break past 0.618 fib levell
- Bounce of 50 EMA
Trade safe
Watching GBPUSD to regain bearish momentumWe will be watching to see if GBPUSD can regain its bearish momentum before the Fed announces interest rates on Wed. Although the street does not anticipate any move by the Fed, they may give a hawkish tone and if so that should add fuel to the short side.
With that said we will be looking for a close below the short-term trendline on the hourly chart along with confluence from our price prediction algorithm. If we can get that setup prior to the Feds announcement we will be taking GBPUSD short while correlating it with GBPCHF to give us protection.
CHF/JPY Long Term ShortBack at it again with a CHF/JPY Long Term Short. Fundametally a weak currrency, CHF has been fundamentally struggling and decreasing its strength consistently. Although next GDP data release should firmly show us where the currency is heading until then fundamentals will not cause major sentiment and bias change on the Franc. With the JPY not performing much better there are still many more fundamental changes coming thus giving JPY a higher chance of outperforming CHF on this trade. With the majority of Friday's (29/07/16) data predicted to be positive for the Yen we could possibly see it gaining strength over the Franc although, we do have Japans Rate Decision on the same day. Therefore, will play it safe and manage the trade as it progresses. Possibly, a slow progress on the pair but will be waiting on it.
Aussie VS SwissYes weekly is for long term trader so I am. Lots of thing giving long signal on this pair, market is dynamic so we have to wait and see if price hit our entry point @0.7256
Buy the Breakout of CHFJPYIn Daily Chart, long lower candle wick shown, Doji candle formed,
waiting successful reversal candle formed,
if the price can break the trend line with successful test, long position triggered.
Target 114.15
GBP/CHF - Where to now?Possible short opportunity coming up, I predict the £ will see more weakness as we run up to the EU referendum. A break of 1.41 will confirm this short position for me. We have already seen a break of the ascending trendline and support break.
USD/CHF LONG Breakout ScenarioUSD/CHF trading in a very narrow range waiting for Breakout pass red.
LONG after double long shadow on green around 0.9880 Target Profit @0.9990
AUDCHF - Long - 3HR/DailyAUD CHF - Long on 3hr chart
might test bottom before buy, but buy after break of consolidation to upside
GBPCHF Long-Break of Descending Channel
-Daily MA crossed bullish
-50% fib bounce
-Price breaking C.T.L and 4hr res level
Entry providing day closes above C.T.L
D1 - Target 1
D2 - Target 2
USDCHF are we expecting shorts?CHF is getting value against other currencies, and during this week we can see downside movements as there is high pressure from above,
$CHFJPY Wolfe Wave, 5' Completion, Geo Off-Set Rule TargetSimilar to CADJPY, CHFJPY also completed a Wolfe Wave at 5'. Now looking at the Geo Off-Set Rule at point 4 as a target.
For detailed analysis and teachings of the Geo Off-Set rule please visit: www.tradingview.com
USD/CHF Trendline Short SetupPrice has rejected the weekly trend-line with a hammer candle indicating a sell opportunity.
The Swiss has a safe haven status and as this week has a lot of event risk and non farms for the Dollar it is likely that investors will hedge the Swiss as a proxy for Gold against the upcoming risks associated to the Dollar.
