The 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 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
Short 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. I think that it will fall short because with past trends it has peaked and then fallen to slump but will eventually recover.
This 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...
Price 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
This 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.
Will 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
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
We 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...
Back 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...
Yes 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
In 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
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 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
AUD CHF - Long on 3hr chart might test bottom before buy, but buy after break of consolidation to upside
-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