The NZDCHF pair has been trading within a long-term Channel Down pattern since the February 25 2021 High. The last Lower Low on the Channel took place on July 01 2022 and that Low was re-tested on August 29, which held, making the Support so far a Double Bottom. The 3 day rebound is now testing again the 1D MA50 (blue trend-line) for the 4th time in the past 2...
After having made research and taking in to account the current conditions i think that sadly we can see a strong pump in the us dollar for the coming weeks. If you look at the chart of Swiss Franc against US Dollar you can clearly see a bullish flag pattern which usually indicates an accumulation followed by a continuation on the actual uptrend. If the price...
There is a supply level around the entry setup. Trend is bullish!! Another touch to the level might be a great chance to a good profit! never forget that trading is the game probabilities! ATTENTION: According to the the long-term back-tests (from 15 to 20 years) on different instruments, the W% of this setup is only around 25% to 30%! So the only way you can...
Hello,Traders! EUR-CHF broke out of the massive falling wedge And went up but has hit a horizontal resistance So I will be expecting a local pullback Because a bearish correction is needed on the pair Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
I expect the Swiss Franc/New Zealand Dollar goes up to my PRZ(Price Reversal Zone) and then reverse from that zone to the support zone. 🔅Swiss Franc/New Zealand Dollar Analyze (CHFNZD) Daily Timeframe ⏰. 🔴Price Reversal Zone (PRZ): 1.7375NZD - 1.7155NZD 🟢Support Zone: 1.6520 NZD - 1.6430 NZD Do not forget to put Stop loss for your positions (For every position...
EUR FUNDAMENTAL OUTLOOK: WEAK BEARISH BASELINE Persistently high inflation has seen the ECB tilt more hawkish by hiking rates 50bsp in July. Additional pressure on inflation from gas supply shortages and drought-linked supply constraints has seen ECB members get more uneasy about price pressures, with comments last week suggesting that there is growing...
Update for our yesterday's setup on GBPCHF. The price broke and closed below a rising trend line on 1H time frame leaving one more bearish clue. I will keep holding my short trading, expecting a bearish continuation. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Hey traders, EURCHF is trading in a global bearish trend. Lower highs are perfectly respecting a falling trend line on a daily. Approaching that earlier this week, the price formed a double top formation. The pair broke and closed below its neckline then. I believe that the market will keep falling now. Goal - 0.957 ❤️If you have any questions, please, ask...
$CHF - It's brewing! I adore trades like this, it's brewing and waiting for break out! TJ
The AUDCHF pair seems to be repeating the October 2021 - January 2022 fractal both on candle and RSI terms on the 1D time-frame (both recording a -7.50% decline). The price has been closing below the 1D MA50 (blue trend-line) since June 15. A break above the 1D MA200 (orange trend-line) would be a bullish break-out signal, targeting the Lower Highs trend-line and...
The GBPCHF pair has been on a bearish trend since the April 2021 Top, which has been accelerated since June 2022 as the price has failed to recover and trade above the 1D MA50 (red trend-line). In fact, this month has entered the huge Support Zone that dates all the way back to the August 2011 low! Within those 11 years of trading, the lowest level has been the...
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GBP FUNDAMENTAL OUTLOOK: WEAK BEARISH BASELINE The overall bleak economic outlook for the UK, with exceptionally high Inflation and rapidly falling growth have been the biggest negative driver for Sterling. At their August meeting, the BoE confirmed this bleak outlook by forecasting the UK economy to fall into recession by 4Q22 and expects the recession to...
✅USD_CHF has been growing recently And the pair seems locally overbought So as the pair is approaching a horizontal resistance Price decline is to be expected SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
CHFJPY June 29th 2022 Trend Line has a candlestick that closed above the level. CHFJPY is a bull market.
GBP FUNDAMENTAL OUTLOOK: WEAK BEARISH BASELINE The overall bleak economic outlook for the UK, with exceptionally high Inflation and rapidly falling growth have been the biggest negative driver for Sterling. At their August meeting, the BoE confirmed this bleak outlook by forecasting the UK economy to fall into recession by 4Q22 and expects the recession...
EURCHF reached a nice confluence zone yesterday. We see a perfect match between a horizontal structure resistance and a major falling trend line. As a confirmation, the price formed a double top formation on 4H time frame and broke its neckline. I expect a bearish continuation to 0.9642 / 0.962 ❤️If you have any questions, please, ask me in the comment...
GBP FUNDAMENTAL OUTLOOK: WEAK BEARISH BASELINE The overall bleak economic outlook for the UK, with exceptionally high Inflation and rapidly falling growth have been the biggest negative driver for Sterling. At their August meeting, the BoE confirmed this bleak outlook by forecasting the UK economy to fall into recession by 4Q22 and expects the recession...