USDCHF also looks overbought: the price formed a rising wedge pattern and a descending triangle within. Both the support on the wedge and the neckline of the triangle were broken. I expect a further decline to 0.9163 ❤️Please, support my work with like, thank you!❤️
The AUDCHF pair has hit the 0.58200 target (0.382 Fibonacci level) we set on our last buy call (see idea below) and is resting today at the top (Lower Highs trend-line) of the Channel Down pattern since the January 27 2023 High: The price price is now on the 1D MA100 (green trend-line) and just below the 0.5 Fibonacci level. There is also a chance that the...
Hello There! Welcome to my new analysis about CHFJPY on several timeframe perspectives. The CHFJPY conditions have accelerated to an unnatural dynamic recently as the pair moved into new highs instead of the massive overbought condition and the fact that this main reversal into the bearish direction should have setup already long times before especially...
As usdchf is on its previous high and over the time it has taken a rally upwards now its going to have a rally down it could be a retracment as we can see 200EMA show that USDCHF is bullish trend and will move upward but it could be a call for reversal so we will be waiting for a bearish Engulfing or bearish harami here and will be shorting this pair as we have...
The USDCHF pair is seeing a dramatic price surge in September. The pattern post late 2022 is basically very similar to the previous Bear Cycle of 2019-2020. The bottom fractals in particular seem identical and the price is approaching the 0.5 Fibonacci rejection level. Trading Plan: 1. Sell on the current market price and another on the 0.5 Fibonacci...
Hello Traders! On Tuesday 21, The USDCHF Broke a Daily Resistance Level (0.90887-0.91476) Currently, This Resistance Level Becomes New Support Level. So, I Expect a Bullish Move📈 i'm waiting for retest... ----------- TARGET: 0.92550🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Hello Traders! On The Daily Time Frame, The CHFJPY Price Formed a Double Top Pattern. The Neckline is Broken. So, I Expect a Bearish Move📉 i'm waiting for retest... ----------- TARGET: 162.500🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
USD/CHF pair short after a long downtrend we are seeing a nice impulse on this pair and other USD related pairs. I am currently expecting a correction.
CHFJPY formed an important high momentum bearish candle last week. With one single candle, the pair violated a lower boundary of a horizontal range, and the market also closed below a major rising trend line. It makes me think that the pair may go lower. Goals: 162.42 / 160.8 ❤️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 a few times ago traded inside the range near the bottom part, which coincides with the 0.8755 - 0.8780 buyer zone. Later price rebounded up to the 0.8870 support level, but at once bounced down and fell back to the buyer zone. After this movement, the...
This inverse Head and shoulders has produced fantastic gains already What suggests that final target will be met is that Yen vs other crosses is still yet trigger their respective necklines! I assume more madness to come from the #BOJ in the next Financial Panic. Like the Bank of England another Island nation probably first to embark on a new wave of...
Expecting the recent retracement to continue at least to 0.586 support, just crossing the mid point of my descending channel. Overall I'm still bearish on this pair (just), I am expecting the reversal at some point soon, either from here, or around the ATL marked on the chart. I see AUD gaining in strength as China wakes up. There's a big interest rate decision...
Here is my latest structure analysis for USDCHF. Resistance 1: 0.910 - 0.915 area Support 1: 0.899 - 0.902 area Support 2: 0.893 - 0.895 area Support 3: 0.886 - 0.888 area Support 4: 0.874 - 0.878 area Support 5: 0.869 - 0.873 area Support 6: 0.855 - 0.858 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like,...
Hello Traders! The AUDCHF Reached a Monthly Support Level ! Currently, The Price Failed To Create a New Lower Low📉 The Resistance Line of The Descending Channel is Broken🔥 So, I Expect a Bullish Move📈 i'm waiting for a retest... ----------- TARGET 1: 0.57660🎯 TARGET 2: 0.58500🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
The CHFJPY pair is trading above the 1D MA50, holding it tightly for the past 10 days. Technically that is the long-term Support trend-line since March 29, while the long-term pattern has been a Channel Up. As long as the price is trading above the 1D MA50, we are bullish, targeting 171.000 (+8.00% increase). If the price breaks below the bottom (Higher Lows...
USDCHF has been rising non-stp since the July 18th bottom on 0.85555 (S1). The 1D outlook is on straight bullish technicals (RSI = 61.656, MACD = 0.005, ADX = 40.729) and as the 1D MA50 has been turned into Support, we expect the rally to peak within the 1D MA200 and the inside LH trendline. That would be as close to the top of the twelve month Channel Down as...
Hello Traders! On The Daily Time Frame, The CADCHF Broke a Strong Resistance Level (0.66040-0.66186) Currently, This Resistance Level Becomes New Support Level. So, I Expect a Bullish Move📈 i'm waiting for retest... ----------- TARGET: 0.66850🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
The EURCHF pair broke above the 1D MA50 (blue trend-line) and closed yesterday's 1D candle exactly on it. This is the first bullish signal we encounter since the June 12 1D MA50 break-out. The long-term pattern is a Channel Down but since July 27, the price has been holding the 0.952250 level (Support 1) as well as the 0.96510 (Resistance 1). As a result, we have...