WELCOME TO DACAPITAL TRADING!! VIP SWING SETUP 4 HOUR Strong bearish train, expecting a pullback now! DAILY Unstoppable bearish movement, market need to push back WEEKLY Finally at a Support Level, market was in free fall, bullish run now! LEVELS BUY CHFJPY @ 113.150 SL @ 112.510 (65 Pips) TP @ 114.870 (170 Pips) RR: 2.57 Be patient about our Swing...
Stocks across the New York market, the European and Asia market plunges, especially the U.S. stocks which seen plunged the most yesterday. This in itself means an increase for safe haven asset, and certainly, we have seen the yen rallied, followed by Swiss Franc. The dollar is seen having trouble again to dominate the bull market as it found strong resistant at...
The recent USD rally has lost momentum. The pair rejected the horizontal resistance near 0.995 and looks like it wants to test the descending trendline (90-100 pips drop). Place a sell stop order below the last two daily candles and wait for price to come on them. You can split your short position into two. Close the first one when price touch the trendline and...
=> Those who have been following our telegram or tradingview charts are aware that we have been tracking the recent leg of weakness in CHF. => We caught the bottom of this recent swing and as we continue to rip higher the odds a high for a test of the 1.0060 highs. => Dollar is remaining in bid via yields and we see this continuing for Q418. => GL all tracking NFP...
=> Here we are updating our EURCHF chart for trading view => For those following the telegram we have been going through a great live example of this trade in how to scale into positions => EURCHF has remains stable despite the BTP-Bund spreads widening which is surprising to say the least. It implies that those in Switzerland likely hold large hedge ratios on...
=> What are we tracking here? => Late bears are starting to overload on shorts here and we are outguessing a temporary bottom => Fundamentally Australia provided very strong Q2 GDP data last week. => The commodity currencies will get bid across the board as we start to see a focus shift from EM vulnerability => We expect manufacturing data to remain steady whilst...
The pair has reached the 50% retracement which is very close to an important resistance line. It would be ideal if we can have a rejection bar on the daily chart today or tomorrow.
Look for price action confirmation in 4H chart
Cadchf looks to be on wave 3. Broke the 1.618 extension. It is at a pitchfork and looks like it is in the process of making an ending diagonal. If it pulls down should be a corrective move. A wave 4 retrace should be to 23-28% fib but it certainly wouldn't move in a straight line. It can also go into an ending diagonal of a larger degree, so understand this. But...
a weak British Pound GBP and strong Swiss Franc CHF has potential for a short this week its bank holiday this monday in UK so not expecting much trading volume but could lead to a good entry for a short possible we see a small pullback towards 1.272 area which we will be looking to short from indicators looking bearish
=> As mentioned previously we are not expecting anything but dovish commentary from the SNB later this week.... vol is cheap and we see USDCHF trading back to the previous break down levels. => The higher US rates = higher USD narrative is starting to fade so this remains only a short-term play before the hikes later this month. The stage is being set for a...
=> Here we expect the underperformance in the Euro to be around the corner and after a dovish SNB last week this is an 'easier' cross to trade than the EURUSD because of rate differentials. => Technically this is a very simple call we are trading back to our last break down levels at the 1.165x => We are outguessing profit taking from exhausted bears ahead of FED...
Watch price action. Rejection at trend line will be sell signal with first TP at 0.95000
USDCHF is close to making a Lower High on the 1D Channel Down based on its neutral RSI = 48.212, ADX = 30.653 and Highs/Lows = 0 figures. We will short this high with TP = 0.94800.
We will want to see a retracement to find a more favorable entry. With yesterday's strong move up, it would be prudent to find a better entry on the pullback into the Pivot Stack. The support is intact and with the bullish Hammer I think this is a good Risk Reward trade. Note the downward DPMAs, but remember this indicator lags so it's ok to enter with...
Overnight the Swiss Franc moved lower as the government prepares to outline its working relationship with the EU. Price found a floor at 0.9543, which triggered a 200 pip move higher. Price has now retraced to resistance, which also coincides with the 38.2% retracement level. The Fed is expected to raise rates tomorrow, which I believe is priced in, but i am...
CHFNOK is in the process of completing a Higher Low on the 1W Channel Up (RSI = 57.467, MACD = 0.092, Highs/Lows = 0.0650, B/BP = 0.0984). This can be a lengthy (15 session) process but eventually should reach the previous Higher High. We are long with TP = 8.7500.