many traders out their when they look into the weekly chart of USDCHF find it attractive since it never bounced in a corrective manner nor impulsive, and i agree long term there is still more room to go up.
but short term i still see some pressure from the DXY on this pair and we might target 0.8500 level before turning bullish again!!
Price has formed a head and shoulders pattern, and has retested the neckline as resistance. The RSI has broken below the 50% level, and we anticipate a bearish move to continue.
On the 1H chart price is clearly cycling to the downside, and we are looking for the -61.8% fibo to be hit. Recent highs are our violation level.
USDCHF is trending to the downside proir to the USD Continuing Jobless claims, which measure the number of people applying for jobless claims on an ongoing basis. Technically the pair has broken the ascending trendline and we are anticipating downside into the 161.8% fibo extension.
USDCHF has broken the ascending trendline and is now correcting in a bearish structure. We have formed a double top pattern and are looking for downside to continue into the significant figure of 0.9200. The RSI is bearish and the ADX is increasing, showing that the downtrend is gathering momentum.
USDCHF has bounced at support prior to the USD Redbook Index data, which is a sales weighted retail index that measures 9000+ stores. Technically the pair is holding above the daily trendline and we anticipate the midterm bull market to continue.
USDCHF is trading to the downside today prior to the USD personal income data which measures the total income for US citizens. Technically the pair has broken support and we anticipate continued downside into the next key support zone.
A symmetrical triangle pattern has formed on the weekly chart of the USD/CHF currency pair. This long-term formation offers an opportunity to go short in case of a bearish breakout. The triangle's borders are marked with the yellow lines. The potential entry level is shown with the cyan line. The potential take-profit level is where the green line is. The...
USDCHF has traded into support prior to the US Fed Rate decision, which decides the rates in the USA. Technically the pair is at 61.8% fibo support and previous structure, and we anticipate a bounce from this level back into recent highs at the 0.9330 level. The RSI has given an overextended signal, and the bullish structure remains intact.
USDCHF is trending to the upside prior to the USD Redbook Index data, which is a sales weighted measurement of over 9000+ retail stores. Technically the pair has pulled back into structure and fibonacci support at the 0.382% level and we anticipate a bounce from here into recent highs.
USDCHF is trending to the upside today prior to the USD 4 week bill auction data, which reveals the yield on the US Government backed security. Technically the pair is pushing to the upside, and the RSI is indicating potential bullish action.
USDCHF has traded into trendline resistance prior to the USD Redbook Index Data, which is a sales weighted year-over-year same-store sales growth in a sample of large US general merchandise retailers representing about 9.000 stores. Technically the pair has rebounded from support and the USD is currently quite choppy. We anticipate downwards pressure from here.
USDCHF is trading to the upside today following yesterdays sell off. The USD 2 Year Note Auction is scheduled for later today, and reveals the yield on the note. Technically the pair is holding above the 0.9122 level and we anticipate continued upside into the 0.9180 level.
USDCHF is forming a wedge after a 6 month long bear market. The 50 and 200 day moving averages have now given a bullish cross and upside looks promising as the US has had a strong economic recovery from Covid19.
USDCHF is trending to the upside currently. Price has made a pullback into a key pivot zone which is currently acting as a support level, and we anticipate continued upside into the recent highs. Our upside target is at 0.92270.
USDCHF is trading to the downside today prior to the USD Retail Sales data, which records the total receipts for retail stores domestically. JP Morgan has stated they expect the data to be disappointing from the -0.2% consensus, which will be USD bearish. Technically the pair has broken the ascending trendline and we anticipate downside into the 0.9080 level.
USDCHF has traded into resistance prior to the USD 3 Year note Auction, which reveals the yield on the bill. Technically the pair is at resistance, and the RSI is showing strong overbought levels as well as bearish divergence. We anticipate downside into the 0.9140 level.