The common European currency has recently formed a narrow ranged ascending channel pattern against the Swiss Franc on the four hour charts. The reason for the formation of the channel was a rebound against a Fibonacci retracement level. Namely, after reaching a new high level the Euro began a retreat against the Swiss Franc and eventually plummeted in the second...
The previous forecast for the Swiss Franc against the Japanese Yen lasted only in the short term. On a medium scale a medium term resistance line showed enough strength for the pair to descend in a new pattern. Most recently the descending channel pattern has reached a massive scale long term support line. The line is strengthened by various levels of...
The Australian Dollar recently marked another bounce off from the resistance of the 2017 high level against the Swiss Franc. As a result a medium scale channel pattern has formed. The descending channel managed to break through the support of the previously active large scale pattern. Most recently the Aussie made attempts to regain its losses. However, the...
The situation on the CHF/JPY currency pair is hard to understand at first glance. However, if one keeps it short, the currency rate is surging in three various ascending patterns simultaneously. Although, in accordance with the patterns the currency pair is about to experience a period of rather flat trading or a surge. The reason for that is the fact that an...
Recently the US Dollar reached historical low levels against the Swiss Franc. However, after flirting with the low level below the 0.9450 mark the currency exchange rate has rebounded. The historical low levels where consistent with the massive scale descending channel pattern's lower trend line, which is a clear signal for a long term surge. The rebound is...
A longer-term bullish idea on the EURCHF - D1 - This pair looks to have recently broken out of a trading channel to the upside, I'd ideally like to see some sort of pullback to re-test the top of the channel & possibly the bullish trend line before looking to get long. Ultimately there is some Fib confluence in the yellow area on the chart, which also happens to...
This the full review of the EUR/CHF pair. Updates will be posted from time to time, as the need arises for them. The common European currency recently stopped its short term decline against the Swiss Franc, as it found support in a medium term ascending channel. However, the rate still should decline. The reason for that is the fact that the currency rate has...
Price has been correcting in the last candlesticks after a big bullish impulse.As we see, 38.2% fibo retracement has been rejected. Also, price is above MA50. We should wait for a bullish breakout to open a long position.
I think there is potential of this pair shooting up big time this week. I will see how price action plays out. Entry possible at touch of support / 50 fibonacci level or safer enter after breakout of counter trend line to the upside. Watch for bullish price action..
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,...
Price broke out of its trend line then retested & is now holding above to the upside. Looks bullish in my opinion but I will wait for my confirmation.. CHF has a big news release Wednesday, & we can see a potential strong rebound. JPY came out weak during the opening of the market yesterday will it keep it up?? Be in mind there is a potential head on shoulders...
#Swiss #SMI poised for a move north up to highs early 9100's? Base around mid 8800? Support 8800 then 8700?
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...
Hi traders: A nice short trade on CADCHF, as the 1 hr chart broke down support trend line, now looking for a lower high to develop to form to take it for a 1:1 risk reward trade. Thank you for your support and feedback.
Time for a push higher? Price tried to break below support level but failed to do so & shot back above. If support holds I believe this pair will go higher. Not many supply zones in the way can this pair reach 1.18 ish area?? Entry after break of counter trendline.
Hi, traders! Swiss Market Index* INDEX:SSMI formed the bullish wave and appears to be ready for take off to point 6. This potential move is being supported by RSI divergence as well as significant volume at point 5 (unfortunately not available here, but I can see it in my terminal). It is also worth noting that internal structure of the wave is being enhanced...