Analysis: As we're clearly able to see price was in this downwards trend however we've recently broken out of that trend showing a market shift, indicating possible bullishness. Price tried to push higher over the last month but we've since seen price pullback to the area where price broke out of and we expect that this will be a key level which will hold as...
USDCHF is falling towards a key overlap support and could potentially reverse from here. We could see price bounce up to our take profit target. Entry: 0.89198 Why we like it: There is an overlap support Stop Loss: 0.88885 Why we like it: There is an overlap support that aligns with the 78.6% Fibonacci retracement level and 127.2% Fibonacci projection...
USD/CHF bears are lurking in a coiled corrective market but the price is on the bullish side of the fence.
Preferred direction: BUY Comment: Gold slowed down a little with uptrend impulse, unlike Silver. Although such a trend is natural in principle, that silver outperforms gold (especially in %). The previous scenario is in force and has already begun to be worked out. Approach to the level of 1938.915 will be more likely very soon, in addition, given the news...
Hello,Friends! Previous week’s green candle means that for us the USD/CHF pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 0.891. ✅LIKE AND COMMENT MY IDEAS✅
USDCHF has been in a range of two possible opposing zones looking at the price action in the range, sellers are week as buyers are dominating following the ascending trendline after respecting the demand zone 0.89297-0.88973, the speculative target are 0.90264 and 0.90564.
Demand still looks very strong to be penetrated, becoming a double bottom which makes it possible for a strengthening for the swing to occur on the Daily
Hello,Traders! USD-CHF is going up now But a horizontal resistance is Ahead at 0.901 so when it Hits the level I think it will Make a local correction Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
i still positive for usdchf correction in upside with potential target 70 pips. Need to breakout for back to downside trend.
At the moment, it can be inferred that the price is trading within the borders of the sideways-moving range that is plotted on the graph. Due to choppiness and indecisiveness, it is unknown what the next rally is gonna look like. However, if we get a clear breakout of one of the boundaries, a potential trade entry could be made upon witnessing a re-test....
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Im shorting this pair based on the way its moving on the monthly key levels,its creating lower lows and lower highs so its a sellers market i would look for shorts only and enter the trade on a hourly time frame based on the time and day
"Bullish Scenario" will be activated after perfect reaction to 0.8950. "2nd Bullish Scenario" will be activated after breaking 0.9020. "Bearish Scenario" will be activated after breaking 0.8935 down.
🔸Hello traders, let's review the 2 hour chart for USDCHF today. Bear flagging since June, expecting breakdown and subsequent re-test of year lows near 8850 later. 🔸Short-term expecting more range-locked price action within the flag pattern structure, position traders should stay on sidelines and wait before short selling from resistance. 🔸Recommended strategy...
Hey Traders, in today's trading session we are monitoring USDCHF for a buying opportunity around 0.89300 zone, USDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.89300 support and resistance zone. If bulls are confirmed i would consider 0.90500 as a target as it's considered the next major resistance...
I think Frankie is forming a bearish pattern After breaking the support of the channel, you can enter up to the limit of the block order
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
USDCHF - 24h expiry The bearish engulfing candle on the 4 hour chart is negative for sentiment. A higher correction is expected. Trend line support is located at 0.8940. Price action continued to range between key support & resistance (0.8910 - 0.9000) although we expect a break of this range soon. Expect trading to remain mixed and volatile. We look to Buy...