We have seen the intention of the dollar has turned towards a weaker tone last week.
USDCHF went into the 3-month supply zone last week and the price fell strongly on Friday.
The last bearish daily candle has confirmed a break below of a rising trendline which signals for a trend reversal.
Today, the price has retraced consistently and there is a significant...
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...
I predicted that the price will reach beyond 1.005 before the trend reverses from the 3-month supply zone but definitely not expecting this kind of movement.
It is very irresistible from shorting USDCHF whenever it surfaced above 1.00.
What probably has made it even more attractive is the double top pattern formed around 1.002 with its neckline at 1.00, and the...
I think CADCHF gives us a great opportunity for selling now . the pair broke the trend line on 4 Hours chart and now retest the trend line. We target 0.7340 and we will close the position if the price breakout the top.
USDCHF has ranged for about 2 weeks time before the price broke above and rise beyond 1.00.
The price has begun another wave of retracement and will soon retest the top of the range.
USDCHF will soon climb into a 3-month supply zone where a high volume of selling strength would be available.
Also, notice that the dollar has been climbing for the 6th consecutive...
By Andria Pichidi - February 12, 2019
Swiss under-performance continues following yesterday’s sudden short-lived drop, which might have been caused by the lack of liquidity. Today’s collapse however has come from US Dollar demand.
News that US lawmakers have reached an “agreement in principle” on border security that would avert another government shutdown at...
The pair is showing a possible bat pattern on the 1 hour chart. We predict that if it breaks the yellow trend line it is expected to fall to blue line completing the 4th leg of bat pattern. OANDA:USDCHF
can see here is at 71% fib zone and major resistance looking to close daily as bearish engulfing seeing a good sell opportunity long term swing trade taking partials along the way great risk to reward.