The USDCHF pair confirmed our bearish signal more than a month ago and broke below the 1D MA50 (blue), 1D MA200 (orange) and 1W MA100 (red trend-line) in succession. While at this, it broke below both Higher Lows trend-lines that started on the January 06 2021 market bottom, thus confirming the long-term shift from bullish to bearish. The emerging 1D Death Cross...
U.S.Dollar/Swiss Franc was able to complete the falling wedge pattern on the support zone. I expect the U.S.Dollar/Swiss Franc will go up until the downtrend line & important trend line. 🔅U.S.Dollar/Swiss Franc Analyze (USDCHF) Timeframe 4H⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy,...
The Swiss Franc/New Zealand Dollar completed the fifth wave after it managed to break the downtrend line and form a double-bottom pattern. I expect the Swiss Franc/New Zealand Dollar will go up at least to resistance lines in the next days. 🔅Swiss Franc/New Zealand Dollar Analyze ( CHFNZD ) Timeframe 4H⏰. Do not forget to put Stop loss for your positions (For...
View On USD/CHF (21 Nov 2022) We have a strong sell down on USDCHF last 2 weeks ago and it went lower the previous swing of 0.94 (of 12 Aug 2022) That move shall trigger a lot of buyers' SL and bagged in a lot of new short positions. Now, they are trying to reverse it up and likely to retest higher. I reckon 0.965 to 0.97 shall be easily...
AUDCHF is trading within a wide horizontal trading range on a daily. The price is approaching its lower boundary now. I expect a pullback from that. Goals: 0.632 / 0.6348 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
EURCHF reached a key level this week. The price formed a double top formation on that on 1H time frame. Its neckline was broken then. I believe that the pair will keep falling. Next target - 0.98 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Price has formed a rising wedge at a major resistance level and has just broken below the support trendline of the wedge pattern. Here is the play I am taking: Entry = 0.58607 SL = 0.59018 41 PIPS TP = 0.57200 140 PIPS+
The technical figure Channel Down can be found in the daily chart in the US company Swiss Re (SREN.vx). Swiss Reinsurance Company Ltd, commonly known as Swiss Re, is a reinsurance company based in Zurich, Switzerland. It is one of the world's largest reinsurers, as measured by net premiums written. Swiss Re operates through offices in more than 25 countries and...
I spotted an inverted head and shoulders pattern on USDCHF on 1H time frame. The price has broken and closed above its neckline. I suppose that the pair will bounce soon. Targets: 0.9486 / 0.9522 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
It seems The Australian Dollar/Swiss Franc is making a Symmetrical triangle near the heavy resistance zone. When I saw the Bearish Engulfing Candlestick pattern on the upper line of the symmetrical triangle, I am expecting the Australian Dollar/Swiss Franc will go down at least to lower line of triangle. 🔅Australian Dollar/ Swiss Franc ( AUDCHF ) Timeframe...
An ending diagonal is a special type of pattern that occurs at the end of the trend. Normally it causes a sharp reversal as it happened recently on USDCHF. The question is where we go from here? Well, we have five waves down on Swissy which means more downside is possible after a three waves up. And if that would be the case then Gold can rally further based on...
USDCHF is finalizing an Ending Diagonal. Call it Ascending Wedge , whatever... it's a Divergence. So, a big Bearish move should start. I like Elliott Wave!
Euro/Swiss Franc completed wave A in the resistance zone and is now on the way to completing wave B. The end of wave B can be 50%-61.8% of wave A (in this case). 🔅Euro/Swiss Franc (EURCHF) Timeframe 4H⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad...
The AUDCHF pair has been trading within a Channel Down pattern since February 25 2021 High. At the moment, it is below the 1D MA50 (blue trend-line) but appears to have completed an Inverse Head and Shoulders (IH&S) pattern that is a technical formation typically found on market bottoms. In fact, with the RSI on the 1W double bottoming and rebounding, the current...
Hey traders, Have you seen that cute head & shoulders pattern on GBPCHF? The price has just broken its neckline and closed below that on a daily. I believe that the pair will drop lower soon. Next goal - 1.094 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
eurchf is consolidating and ranging as of now we are waiting om a clear breakout to either side because the buy could mean revrsal and the sell could continue the long term trend! I think this is a bull trap and just an aggresive pulllback!
Here is my structure analysis for USDCHF. Resistance 1: 1.0135 - 1.015 area Support 1: 0.984 - 0.986 area Support 2: 0.978 - 0.979 area Support 3: 0.974 - 0.9755 area Because the market is trading in a long-term bullish trend, I will look for buying opportunities from one of the supports. Once one of them reached, wait for a confirmation...
The CHFJPY pair has been trading on one of the most consistent patterns of the last 12 months as we accurately outlined on our last analysis in mid September: Once again the signal played out as it pulled-back as low as the 0.5 Fibonacci retracement level and then the price has been trading sideways ever since. The 1D RSI has again formed Lower Highs but this...