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...
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...
In this update we review the recent price action in USDCHF and identify the next high probability trading strategy and price objectives to target
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...
FX:USDCHF greenback correction against swissy with the release of US business economic data. ISM - Non Manufacturing PMI ( March 2022) Actual : 58.3 Expected: 58.4 Pervious : 56.5
In this update we review the recent price action in USDCHF and identify the next high probability trading opportunity and price objectives to target.
Up or Down I don't really know. Personally I think up. But technically looks like H&S. We must wait and see.
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 ... good luck
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!"
In this update we review the recent price action in the USDCHF and identify a high probability intraday trading opportunity to take advantage of!
the chief is completing a triangular sideways near current level watching out closely for an entry point to short this pair.
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.
As per plotting of the monthly in Advanced Get - we will update these ideas with weekly & daily plots. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions,...
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!!!
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!! Good luck!!
Will the momentum die down around the yellow area? A supporting reversal candlestick will confirm the trend.