USDCHF has traded into a key level prior to the USD 3 Month Bill Auction which reveals the yield on the bill. Technically the pair has traded into a significant support resistance zone, and the RSI has bearish momentum. Price has also given a bearish confirmation at the key level, and we anticipate continued downside.
CHFJPY Is in an ascending channel and has bounced out of a key support / resistance level. I am looking for further downside on the cross forex pair.
USDCHF is trending to the downside, and we anticipate the movement to continue to recent lows. The CHF unemployment rate data is to be released within the hour, showing the number of people unemployed domestically. Technically the pair has broken trendline support and rejected upside, and we are looking for downside into the 0.8940 level.
OANDA:USDCHF broke out of the falling wedge. Cheers!
USDCHF is capped at resistance prior to the CHF Rate decision & statement, which may give the SNB a chance to be suprisingly hawkish following months of positive economic data out of Switzerland. The RSI & PPO have both generated sell signals. Price is also around the 50% fibonacci & trendline on the daily chart (not pictured)
Earlier this this month i drew this Pattern and have been waiting on the completion of it. The pattern is complete and the blue line represents the make or break point of the pattern. if a candle closes below the blue line the pattern is invalidated. i put a note stating I'm waiting on a complicated structure to form to justify the entry. we are now forming that...
USDCHF is at a monthly pivot level (all blue lines monthly pivots). Price has broken the downtrend. We could see upside from this key level.
USDCHF Is at support prior to the CHF unemployment rate data. Technically the pair is in a corrective pattern, above the significant 0.9070 level, and the PPO is showing bullish divergence .
Quick intraday play. Swisse is rangebound and currently at support. DXY has pulled back currently but looks to get stronger over the coming days. Confluence: Strong trendline + fib to act as support Breached lower BB See chart for entry and exits. Exiting at previous day close, stop below thrust candle/trendline. Happy trading:) follow for more.
If you have missed this one, then you probably have the opportunity to enter this one since it's trading around the entry point. Previously, the downtrend was broken and the price was around a support area. Best of luck ! If you like the ides, support us with a follow and like. MacroForex
Stimulus startle is over, back to USD downside me thinks... Parabolic sar indicating reversal on daily, around top side trendline & at the daily 50% fibo level
USDCHF has been pumping nicely over the last few weeks since historic lows were touched back in january. Prior to the bullish run we can identify a clear bearish channel continuation pattern that drove price down to these key level lows. Price action shows a potential breakout of the upside of the channel (*200 pips) however momentum suggests an un-organic...
Expecting price to rise to come for the liquidity at the 0.89400 level and to fill the fair value gap at the 0.89800 level before continuing downwards. Follow my profile for more trading ideas
The Swiss Franc basket is at a key level. Since the COVID-19 peak in March, the CHF has been forming a solid descending wedge. Price has not broken below the 1.195-1.205 zone, although it has been tested. This zone was a pre-pandemic resistance, and has since acted as a support for the Swissie. Currently, price is resting at 1.20255, within this zone. The...
Price has been ranging, when it breaks it will move quick...
With the 900B USD stimulus in the USA all to be printed we anticipate deppreciation on the USD, especially against the CHF.