As Swiss franc is exposed to events in Europe (high correlation to EUR) plus negative interest rate that will likely increase, ie becoming more expensive to store funds in CHF, Swiss banks will likely become less and less of a safe haven as other currencies become more attractive or even perhaps Gold. Also, don't forget with new tax and bank secrecy laws,...
Here we see a cypher pattern on the Us Swiss charts.
This pattern is indicating that the market will reverse upon completion, and is supported by completing above the linear regression line.
When a Bearish pattern completes above the standard deviation line, it is likely that , If the market is bearish, the market will rally back under the line , and similar to...
USD/CHF has broken out of a 25 year falling wedge pattern that began in 1980.
You must purchase high-quality historical data such as eSignal to see past price action on this pair as TradingView only allows day up to 1992 on USD/CHF. The lower trend-line has 4 high quality touches rather than just the two TradingView displays.
When the EUR/CHF peg was removed,...
Traders,
As the $USD continues to benefit from recent fundamental cues in Swiss referendum against propping up its central bank gold reserve, the pair has defined an advanced market geometry in Bill Wolfe's Wolfe Waves pattern:
WOLFE WAVES POINTS:
This pattern works remarkably well with discreet projection of its 2-4 Line off of Point-3 to trace the course...
USDCHF looks poised to breakout either to the downside or upside, the trend overall is bullish, but price has failed to reclaim resistance turned support turned resistance now. Breakout is potentially more likely to the downside.
Following up on an idea that I posted last week. The USDCHF is now at a point where traders who are aggressive with their risk management can look to roll and trails tops with structure (on the 4hr TF)
One of the most important lessons that I've learned over the years from my personal trading and from my time as a money manger, is that how you manage a trade once...
With not a lot going on in the markets thus far this week I started venturing outside of my usual trading portfolio to fins some ideas I could share with my Syndicate clients. This was one that really popped out to me.
In light blue is a bearish bat pattern with some extra Fibonacci confluence within my killzone. More importantly is the large bearish candle that...
0.87 got retestes twice and a reversal happened there. In consideration of current uptrend channel and the previous downtrend before that reversal then there is minimum the potential for 0,91.
Confirm of this idea is after break of 0,90 zone as psychological Level.
