Hello Traders ! On the daily time frame, The CHFJPY broke the resistance level (174.000 - 175.170). This key level becomes a new support level ! So, I expect a bullish move📈 ___________________ TARGET: 177.020🎯
CHFJPY is on bullish 1D technicals (RSI = 59.579, MACD = 1.000, ADX = 53.750) but for the past 2 days have deen declining. This suggests that the top is has been priced and a technical pullback is to follow. The 1D MACD is on the verge of a Bearish Cross. All previous uptrend corrections hit or came close ot the 0.618 Fib. Consequently, we turn bearish on the...
USDCHF has been on a very strong 2 week rise on Support A and has turned the 1day MA50 into Support. Until that breaks, we expect the bullish trend to continue. Technically this is an emerging Channel Up that looks very much like the January rebound on Support A, which also consolidated after a nearly +3.00% rise and then moved to a +4.78% rise before it pulled...
EURCHF is bearish on its 1D technical outlook (RSI = 42.451, MACD = -0.001, ADX = 26.515) as it's been failing to cross over the 1D MA50 and reverse the trend. Given that the long term pattern is still a Channel Down, this gives a new sell signal with the RSI suggesting we are running a similar below 1D MA50 sequence as August 2023. For the remainder of the year,...
A bullish trend has developed on the daily chart. Prices have pulled back lower, yet support was found at the 50 retracement level and the cross now trades back above the 200-day MA. A bullish divergence has formed on the 4-hout chart, and price action appears to be corrective on this timeframe. Also note that the 2-year spread between GB-CH yields ahead of...
The AUDCHF pair is now on its 1W MA50 (blue trend-line) having rebounding on the 1-year Support Zone. Even though the multi-year pattern is a Channel Down, we are low enough historically, having reached levels not seen since March 16 2020, that we may have to start considering a long-term reversal. As such, our trading plan is focused on a potential rejection or...
as the pair is concerned for now i am seeing a bullish move in the pair towards its H4 Resistance level we are expecting a drop from that level so we will be buying this pair from 0.25827 level nearly as confluance for bullish move expected is SMA 50 shows 1H bullish move
Hello Traders ! On Wednesday 11 September, The EURCHF reached the support level (0.93150 - 0.93044). The price formed a falling wedge pattern. Currently, The resistance line is broken. So, I predict a bullish move📈 _______________ TARGET: 0.95190🎯
Hello my wonderful community ! I’m back again I really appreciate you guys for reviewing my charts Kindly like and comment on how you feel the market will go , I’m open to learn and communicate with other hardworking traders on here. The colors for each line/zone Monthly - Yellow Weekly - Orange Daily - Green 4H - Red 1H - Purple My Monthly chart view: Ever...
The USDCHF pair is trading considerably below its 1D MA50 (blue trend-line) since July 04 2024, as it was on a major 5-month Bearish Leg following the 1W MA200 (red trend-line) peak and rejection on May 01. The 1D MACD however has formed its 2nd straight Bullish Cross and last time that took place was on January 04 2024, right after the pair's bottom from the...
The CHFJPY pair has been trading within a Channel Down pattern since the July 11 High and has currently already started the new Bearish Leg, having failed to break above the 1D MA50 (blue trend-line). Until it does, the trend will remain bearish. This Leg targets the 1W MA100 (red trend-line) and our Target is 161.500. We will swift to buying again after the CCI...
Hello Traders ! After a huge bearish move The EURCHF price has pulled back to important zone (0.6 Fibonacci retracement) and failed to create a new higher high! So, I predict a bearish move📉 ____________ TARGET: 0.93150🎯
Hi Traders ! After a huge bearish move, The CADCHF price broke the support level (0.63597 - 0.63038). This key level becomes a new resistance level ! So, I predict a bearish move📉 ______________ TARGET: 0.61680🎯
The EURCHF pair gave us a great buy-low-sell-high double trading opportunity last time we gave a call on it (June 28, see chart below) as not only did it initially rise to the 1.236 Fibonacci extension, but straight after it dropped to the 0.618, reaching our 0.95500 Target: The sell-off was in fact that aggressive that it reached as low as the bottom of the...
Us dollar vs swiss franc is moving into a 4H bearidh channel also its following a Daily Bearish trendline as i see it will take a dip down to its nearest support and will hold its bullish position over all trend is bearish
In a global economy where central banks are leaning towards softer monetary policies, the Swiss Franc is charting its own course—strengthening against the odds. But what forces are truly at play here? Is it merely the cautious whispers of the Swiss National Bank, or is there a deeper undercurrent, tied to inflation expectations and global safe-haven flows? As we...
Switzerland's Consumer Price Index (CPI) for August is forecast to show a year-over-year increase of 1.2%, down from 1.3% in July. On a month-over-month basis, CPI is expected to rise by 0.1%, rebounding from the prior month’s 0.2% decline. The figures, due on Tuesday, come as Swiss National Bank (SNB) President Thomas Jordan recently acknowledged the challenges...
This a short trade idea I have for the USDCHF. It is pretty straight-forward. Trade back into a Weekly iFVG and SIBI then move lower from there. First target is the immediate swing low, and the second target is the older low to the left. Entry somewhere in the gap, and stoploss above the high that entered the previous SIBI. Sometimes I feel as though I should...