In comparison to USDCHF, EURCHF looks bullish to me. The price is trading within a wide horizontal range on a 4H. Testing its support, the pair formed a tiny cup & handle pattern and violated its neckline. I believe that the market will go to the resistance of the range - 0.9678 ❤️Please, support my work with like, thank you!❤️
Hello traders, I want share with you my opinion about Swiss Franc. Looking at the chart, we can see how the price some days ago made an upward impulse to the 0.9015 resistance level, which coincided with the seller zone and soon broke it. After this price some time traded near and then rose to the resistance line of the triangle. Then Swiss Franc rebounded from...
1.1227 price is the most interesting from a trading perspective because it falls perfectly into the sellers' range.
The AUDCHF pair has been trading within a Channel Down since February's High and currently sits just below its top (Lower Highs trend-line). Having formed a 1D MA50/ 100 Bullish Cross and tests the Lower Highs for the 3rd time in 2 months, it is highly likely to finally break the bearish trend upwards. We will only buy though above the 1D MA200 (orange trend-line)...
AUDCHF broke and closed above the resistance of a horizontal trading range on a daily. We may anticipate a bullish continuation now. Next resistance: 0.5856 ❤️Please, support my work with like, thank you!❤️
EURCHF looks like its T-ing up a long term trend reversal after a double bottom and downtrend line break on the daily candle chart. Trade idea = wait for next 2+ day pullback into 0.955-0.96 zone. Cut losses at 0.95 and get long again if/when Swing high gets taken out.
I spotted a strong intraday bearish confirmation on USDCHF. After a breakout of a key daily support, the price retested that. The market started to consolidate on a 4H time frame within a narrow range. Bearish violation of the support of the range indicates the strength of the sellers. We may anticipate a bearish movement to 0.881 ❤️Please, support my work...
Hello Traders ! On Tuesday 14 Nov, The CHFJPY Price Broke a Resistance Level (167.890 - 168.422) The Price Pulled back To Create a New Higher Low 📈 So, I Expect a Bullish Move. i'm waiting for retest... ----------- TARGET: 170.230🎯
USDCHF violated a key horizontal support. After a breakout, the price started to consolidate within a narrow horizontal range on a 4H time frame. Its support breakout - 4h candle close below 0.8852 will give you a strong confirmation to short. A bearish continuation will be anticipated at least to 0.881 level then. ❤️Please, support my work with like,...
As We Talked in The Previous Analysis: -The NZDCHF Price Reached A Support Level (0.51902 - 0.52084). -The Resistance Level (0.53330 - 0.53574) is Broken and Becomes a New Support Level. Currently, -The Price Pull Back to 0.5 Fibonacci Retracement Level ! -and Formed a Bullish Falling Wedge -and Now it Will Continue its Bullish Movement ! ----------- TARGET: 0.54075🎯
This pair has witnessed a large amount of back-and-forth swings in the last couple of days. We witnessed price fluctuations that resulted in a direction switch over and over again. Right now, we are going to ignore all other timeframes and look at this market analysis from a 4-hour perspective. On the 4-hour chart, we can see that the market is on a down PB from...
Hello Traders ! On The Daily Time Frame, The EURCHF Price Reached A Support Level (0.94077 - 0.94400). The Resistance Line is Broken. So, I Expect a Bullish Move 📈. i'm waiting for retest... ----------- TARGET: 0.96700🎯
After a test of an important intraday demand zone, USDCHF broke a resistance line of an expanding wedge pattern on a 4H time frame. A cup & handle pattern was formed then. The neckline of the pattern was broken during the middle of NY session yesterday. These 2 strong bullish confirmations make me think that the pair will go higher. Next resistance: 0.9068 ...
Hello Traders ! On Friday 20 Oct, The AUDCHF Price Reached A Support Level (0.56345 - 0.56070). The Resistance Level (0.58100 - 0.58332) is Broken and Becomes a New Support Level. The Resistance Line Line is Broken. So, I Expect a Bullish Move 📈. i'm waiting for retest... ----------- TARGET: 0.58790🎯
NZDCHF is trading inside a multi year Channel Down, evident on the 1W technical outlook, which is neutral (RSI = 47.618, MACD = -0.007, ADX = 23.111), despite the pause to the downtrend since August 17th. The 1D MA200 holds as an unbroken Resistance since January 31st. Based on the 1D MACD, the current pattern mimics May - June 2023 and is on the 0.618 Fibonacci...
Hi Traders ! On The Daily Time Frame, The NZDCHF Price Reached A Support Level (0.51902 - 0.52084). Currently: -The Resistance Level (0.53330 - 0.53574) is Broken and Becomes a New Support Level. So, I Expect a Bullish Move 📈. i'm waiting for retest... ----------- TARGET: 0.54075🎯
The CHFJPY pair is trading within a Bullish Megaphone for almost 4 months (since July 12) and is on a rebound on the 1D MA50 (blue trend-line). Technically it priced the Higher High of the Megaphone 2 weeks ago so this should be the bearish leg towards its bottom (Higher Lows trend-line). Especially since the 1D MA100 (green trend-line) broke last month for the...
As We Talked in The Previous Analysis: On Thursday 19 Oct, The CADCHF Price Reached a Support Level (0.64800 - 0.64950) The Price Created a Rectangular Range. The Upper Resistance is Broken. Currently, The Price Created a Correction and Touched The Support Level! and Now it Will Continue its Bullish Movement ! ----------- TARGET: 0.65980🎯