Hello ladies and gentlemen, according to my chart analysis of the index swiss, there is a high probability of a decline towards the $7800 level in the next few weeks!
The CADCHF pair hit for the second time in 7 days the 1 year Support Zone that has been holding since the August 20 2021 Low. This Zone has provided three rebounds in total. At the same time the price is near the bottom of the Channel Down pattern that started after the June 09 High and its 1D RSI is on a similar bullish divergence such as the previous Lower Low...
The NZDCHF pair is on a brutal 4 week sell-off having lost almost -8%. This is of course an extension of the longer term bearish trend since the March 2022 High. As you see that High was made at the bottom of the Lower Highs trend-line that started back on the April 2013 Top. The 1W RSI however is flashing the strongest buy signal possible on the long-term as it...
Price has created a picture perfect break and retest on this pair along with a nice double top at a major resistance level. here is the play I will be taking on this pair: Entry - 0.98368 Stop loss - 0.98618 25 pips Take profit - 0.975220 84 pips
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Watch for bullish price action on the lower time frames for a long entry.
Let's first look at the previous post about the Swiss Franc/U.S.Dollar, which is working ✅fine✅. The rising wedge pattern is running well; at the same time, the Swiss Franc/U.S.Dollar was able to make a Head and Shoulders Pattern and breaks the neckline by a bearish marubozo pattern. I expect that the Swiss Franc/U.S.Dollar will go down at least to Head and...
USDCHF Intraday - We look to Sell at 0.9856 (stop at 0.9881) The previous swing high is located at 0.9870. We look for a temporary move higher. Preferred trade is to sell into rallies. Our profit targets will be 0.9795 and 0.9785 Resistance: 0.9800 / 0.9830 / 0.9860 Support: 0.9760 / 0.9730 / 0.9700 Please be advised that the information presented on...
Hi all GBPCHF on the very strong support of Bollinger Band + Candles pattern + End big AB=CD + Deep Fibo E Level I, as always use big stop loss to make sure I can hold a sneak attack.
The British Pound/Swiss Franc was able to make a beautiful Bullish Engulfing Pattern. And British Pound/Swiss Franc managed to reach trend line 1 and, as a result, managed to break it. We are currently seeing a pullback to trendline 1. I expect the British Pound/Swiss Franc to go up to at least trend line 2 & resistance zone. 🔅British Pound/Swiss Franc Analyze...
The CHFJPY pair has been pulling back after the September 13 High, following the impressive rally since the August 02 low. This pull-back is taking place after the 1D RSI broke the 80.00 heavily overbought barrier. On this 1D chart, you may notice that especially since October 20, 2021, every time the 1D RSI got heavily reversed upon breaking the 70.00 level, the...
The EURCHF pair has been on a 3 day rise since the September 13, staging it on a Double Bottom pattern. The short-term Resistance is the 1D MA50. This formation resembles the January 2022 pattern both in candle terms and in 1D RSI, which as you see are identical. The Jan 22 pattern after a fake-out above the 1D MA50 and subsequent rejection to a Double Bottom as...
Let's first take a look at the previous post I published about the Australian Dollar/Swiss Franc.👇 Australian Dollar/Swiss Franc moved as I expected and completed its wave 5. I expect the Australian Dollar/Swiss Franc to go up to the resistance zone. 🔅Australian Dollar/ Swiss Franc ( AUDCHF ) Timeframe 8H⏰. Do not forget to put Stop loss for your positions...
Australian Dollar/Swiss Franc completed the main wave 4 by Expanding Triangle, and now it is on the road to completing the main wave 5 at the targets I showed you in my chart. 🔅Australian Dollar/Swiss Franc ( AUDCHF) Timeframe 8H⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just...
USD – The world’s reserve currency remained supported throughout Thursday, as expectations for further aggressive policy tightening from the FOMC were reinforced by an unexpected rebound in Retail Sales data. CHF – The Swiss Franc hit its highest level against EUR since 2015 on Thursday, supported by an increasingly hawkish outlook for the SNB. Indeed,...
The USDCHF pair found Support yesterday exactly on the 1D MA200 (orange trend-line), which was the level that provided the last big rally (August 11 - September 06) within the Channel Down pattern that it has been trading in since the May 16 High. The rise however has so far stopped just below the 1D MA50 (blue trend-line), so there is no reason to rush into...