Swiss franc has been down trend, looking where to short is advised.
Hey traders, here's another index outlook. I like both the Franc and the Euro long if we can break recent highs. This would be an indication of continued bullishness toward completion of a triangle on the 1H.
For more daily forex ideas, visit and follow me! Good luck everyone...
According to my analysis, USDCHF is very close to end the correction on short term basis. Current Elliott Wave outlook suggests that we are going to have a sharp rally happening very soon all the way up to 1.13000 price handle. Current price is good to enter but Stop-Loss point is very far at 0.95500. The R:R is still good but conservative trading is what I prefer...
USDCHF broke the major area of 0.995 as well as the 200 ema. Also, seeing many break outs across the board of USD selling. The next area of support will be the fib areas of 0.964-0.967. Then onto around 0.95. Selling at 0.993 and a stop loss above 1.002. This trade offers at east 3.5 to 1.
We have here 3th point SUPPORT leve l for enter BUY ... I think this trend will work with 80% and we make some money here. ;) Check my another Ideas here: goo.gl Good luck!
I like this set-up. Factors influencing me are: Bearish Bat Pattern (Purple) Bearish Butterfly Pattern (Blue) RSI Overbought Negative Divergence in RSI (RSI making higher high while price making lower highs (dark blue lines)) Trendline from the recent highs I have set a a limit order at 1.0026 for the completion of the bat pattern and will keep it as long as...
usdchf short trade Strong support/resistance level test Pin bar rejection R2 Pivot point Rejection 61.8 Fib Retracement
200-EMA is pointing downward and prices are below 200-EMA, it mean the long term trend is on the bearish side. 20 & 50-EMA also trending downward. Now there is descending triangle consolidation pattern, trying to push the price down the "Buyer's Stop Loss Position". Once this level was broken, expected the price will fall lower. From price action, in...
Dollar Swiss showing some good price action. Looking to long this pair at the pink zone.
Japanese economy looks stronger than swiss economy. Technically looks good for short.
Posted the chart maybe a little too late Long entry: 1.00191 SL: 1.00103 TP: 1.005
Long term up trend CHFNOK is finished. Norway is accelerating thx to stimulus being put into the economy which has kick-started and enormous amount of infrastructure builds around the country. Oil industry is done with its "cleanup" on jobs with new job openings up 56% in the oil region in nov/des. Housing market fundamentals in Oslo is overheating with the...
We just broke through the 200 ema and key area of 0.995. Now targeting 0.95 for starters. Entry is 0.989 stop loss is 0.997. Trade offers a 5:1 risk/reward.
This is a very special pair, that has been behaving like the DXY, but with a major difference. It didn't break to new highs, but respected the Nov 2015 high. At the 0.985 level, there is a lot of resistance that can turn into support, as well the up trending support which dates back to May 2016. This trade has a natural 2:1 R/R ratio, which makes it even more attractive.
Seems to be consolidation/correction but theres high possibility for it to go down! :)