EURCHF - Intraday - We look to Sell at 0.9943 (stop at 0.9964)
Our short term bias remains negative. 20 4hour EMA is at 0.9935. 0.9945 has been pivotal. Previous support at 0.9945 now becomes resistance.
Our profit targets will be 0.9888 and 0.9878
Resistance: 0.9900 / 0.9920 / 0.9945
Support: 0.9870 / 0.9850 / 0.9830
The trade ideas...
A 'buy' opportunity has just presented itself on the loonie-swissy trading chart. This is occasioned by the bullish harami candlestick pattern which closes just above the 0.74593 horizontal support level, which signals a fakeout and suggests an upward price movement.
You can still enter this trade by setting your stop slightly below the level mentioned earlier...
The USDCHF can be relatively slow-moving compared to other major forex pairs. However, we have seen some significant moves since March this year. In fact, the most recent April monthly candle was the largest bodied candle in almost seven years. Albeit April’s candle moved in the USD’s favour rather than the francs. In April, The USDCHF opened at 0.922 and closed...
View On USD/CHF (09 June 2021)
USDCHF is on the rise again and this time, it is going to continue UP higher.
It shall eventually break up and shall hit the recent high of 1 and beyond.
You know what to do and let's try our best.
DYODD, Our trade analysis may not suitable to intraday (or) short time frame trading.
Whatever method you use if you do not...
A 'buy' trade opportunity presented itself on the AUDCHF trading chart, following the bullish pin bar at the end of a bearish run. The pin bar closed above the 0.68214 daily horizontal support level, signalling a rejection of the same level and providing a buying opportunity.
An RR of 7.38 is possible if you enter the trade at the 0.68452 price level, with your...
A buy trade opportunity recently presented itself on the CHFJPY trading chart. This is confirmed by the bullish engulfing candlestick pattern just above the 134.650 weekly horizontal resistance level. The level was recently broken by price, followed by a pullback and this idea is actually signalling a continuation of the upward move.
With SL at 134.500 (about...
the Pair has been trading in a sideways range for a long period now, however the last move downward was clearly impulsive thus giving us a signal of a potential drop in the coming sessions.
watch out the pair especially when 0.9180 is broken ...
The strength of the dollar may wreck the franc. I think it might correct heavily against both the dollar and the yen. While this was not as per my expectations, it seems like price action has its own plan. What interesting times we live in.
USD/CHF; Asia Short Execution 06:13:46 (UTC) Fri Jan 28, 2022
"Price is primary. Stop trying to justify how great a company is, it doesn't mean shit if price doesn't agree and is collapsing. The last couple of months have been case & point. Throw economics, logic, rationale out the window. Don't over complicate things!"
swissy is trading near critical area again if the above scenario is correct we might see a wave 5 targeting 0.8500 again in the medium term.
lets wait for a reversal signal near this triangle resistance.
UsdChf is in a pullback after stronger dollar yesterday because of the inflation Data.
i still see that the upside is a dead cat bounce and will continue lower in the near future. be aware of the blue box
swissy completed 5 waves within a leading diagonal of wave 3 that means any pullback will be an opportunity to sell and target new lows.
i am looking forward to see 0.9020 as a first target.
watch closely any retracement!!!