EURCHF is trading in a strong bullish trend on a daily. After the pair set a new higher high, it retraced to a solid rising trend line. Analyzing the reaction of the price to that, I spotted a double bottom pattern on a 4H time frame. With the release of CHF/EU fundamentals this morning, the pair successfully violated its neckline. We can expect a bullish...
Hi folks today I'm prepared for you Swiss Franc analytics. Some time ago price made little correction movement, after which turned around and in a short time rose to support 2, which coincided with the support zone and started to trades in this area. Later, CHF broke support 2 and made a retest, after which rebounded and tried to rise more but failed and declined...
The CHFJPY pair almost hit the 172.500 Target that we set on our previous call (December 19 2023, see chart below): Since then it has pulled back significantly, giving rise to a new Channel Up pattern. The major development is that it is about to touch the 1D MA200 (orange trend-line) for the first time since April 06 2023. We are prepared to buy after it...
Hello Traders ! Previously, The CADCHF Formed a Symmetrical Triangle. Currently, The Price Broke The Resistance Level (0.66006 - 0.65850). This Key Level Becomes a New Support Level. So, I Expect a Bullish Move 📈 ----------- TARGET: 0.66700🎯
The EURCHF pair is trading within a Channel Down pattern since the September 26 2023 Low. The current Bullish Leg is approaching the first 1D Golden Cross since February 06 2023, which was formed after the last Lower High on the 1.5 Fibonacci extension. That (Fib 1.5 ext) is the ideal sell entry, which is currently at 0.9900 but the Risk/ Reward Ratio is good...
Hi guys, this is my overview for USDCHF, feel free to check it and write your feedback in comments👊 Some days ago price entered a rising channel, where it declined to support line and then bounced up to $0.8580 level. Then price broke this level and later made retest, after which CHF rose to $0.8880 level, but at once bounced below. Price declined to support...
Hello Traders ! On Monday 11 March, The CHFJPY Reached The Support Level (166.798 - 167.394). The Price Formed a Double Bottom Pattern. Currently, The Neckline is Broken ! So, I Expect a Bullish Move 📈 I'm Waiting For Retest... --------- TARGET: 169.210🎯
The USDCHF pair is on very critical crossroads as for the past 5 weeks it has been testing the 1W MA50 (blue trend-line) but has so far failed to close a 1W candle above it. Going back to late September 2023, we can see that the 1W MA50 has been again tested for successive weeks, but again failed to close a candle above it. In fact the last time it did was back on...
Hello traders, I want share with you my opinion about Swiss Franc. Looking at the chart, we can see how the price reached the resistance line of the downward channel, after which CHF rebounded down and declined to the support line of the channel, breaking the 0.8635 level, which coincided with the buyer zone. Then the price turned around and entered the pennant,...
The USD/CHF pair is facing resistance around the 0.8830 mark, struggling to regain momentum after a retreat from nearly reaching 0.8900, primarily attributed to encountering a double top formation at 0.88850. This downward movement in the pair is underpinned by the weakened US Dollar (USD) and declining US Treasury bond yields. Market participants are eagerly...
Technical analysis on eurchf Possible downtrend around 0.94700 support zone, uptrend on May targeting 0.98000 resistance
Hi folks today I'm prepared for you Swiss Franc analytics. If we look at the chart we can see how the price some time ago tried to rise to the 0.8850 resistance level, but later it turned around and in a short time declined to the trend line, thereby breaking the 0.8780 support level, which coincided with the support zone. After this CHF started to rise, and soon...
By examining the CADCHF 1-hour chart we can figure out there is a lot of buy-side liquidity that can be defined as a smart money target. The market structure is bullish and the price had a bullish reaction to the daily order block. Now, there is a sell-side liquidity inside the FVG that creates a high probability buy setup for us. Please keep it in your mind:...
Hello freinds this chart we shows that this market will know a down trend on next days if you want more informations please show the chart good luck
Hello Traders ! On The Daily Time Frame, The USDCHF Reached a Resistance Level. Currently, We Have 2 Scenarios: Bullish Scenario📈 If The Price Breaks and Closes Above The Resistance Level, We Will See a Bullish Move... TARGET: 0.90130🎯 Bearish Scenario📉 If The Market Breaks The Neckline (0.87860 - 0.87426) and Closes Below That, We Will See a Bearish...
Hi guys, this is my overview for USDCHF, feel free to check it and write your feedback in comments👊 A not long time ago price made upward impulse from support area to $0.8885 points, breaking $0.8770 and $0.8835 levels. After this, price started to trades in pennant, where it soon bounced from resistance line and declined below $0.8835 level. Next, CHF some...
The NZDCHF pair has been trading within a Channel Up pattern since the October 23 2023 Low. After breaking above the 1D MA200 (orange trend-line) for the first time in more than 1 year (since January 31 2023), the pair confirmed the trend shift from long-term bearish to long-term bullish. The recent 3-day pull-back to the 1D MA200 is a technical buy...
CHFJPY have been on an uptrend for a long while, after breaking the resistance zone, price is expected to retest to the support zone and continue it's upward trend, also notice our 50EMA situated at that point ready for retest.