#USDCHF appears to have created a double bottom formation in the 0.9050 level. It's quite likely that USD/CHF can go up to 0.9230 in the next few days. I would be looking to place buy trades in the support area that I have highlighted in the chart.
However, buyers must also be careful and use a stop loss below the support zone because USDCHF has gone through a...
USDCHF Updated idea Longs added at 0.90600 , will keep adding at corrections with target 1.02, I believe strong dollar is comming off because we will have another deflation phase as we had on february where all stocks crash of a strong dollar comming off, DXY is oversold at 93 (still a high number) and just made a double bottom!
Good luck everyone
The counter is currently in sideways consolidation mode.
It is currently in its lower end of the range and the short-term indicators show signs of oversold condition.
Further, the wave interpretation deems a wave C move to the upper end of the range.
Hence, we expect the pair to be bullish in the near-term.
Yesterday it gone above 0.92 but today it has almost retraceback yesterdays high. Trend on all time frames is still bearish and It long term charts pointing going under 0.90 towards 0.87.
Entry is at market 0.9158
Profit target towrads 0.907, 0.9015 and 0.875.
It made a new low on friday and jumped up but jump is still corrective and it can again dump down. Idea is to sell and it can go under 0.90 as well.
Entry at market: 0.9149
Stop at 0.9273
Profit towards: 0.9085, 0.907, 0.905 and 0.9015
EUR - BEARISH
1️⃣ European stock markets traded mostly lower as investors fear that a second wave of infections in Europe could dampen the economic recovery.
2️⃣ The Eurozone's largest economy (Germany) contracted by 10.1% during the second quarter of 2020.
3️⃣ Euro area unemployment up to 7.8% in June.
CHF - BULLISH
1️⃣ The recent escalation in diplomatic...
USD - BEARISH
1️⃣ FED warned that ongoing public health crisis will weigh heavily on economic activity, employment, and inflation in the near term, and poses considerable risks to the economic outlook over the medium term.
2️⃣ Doubts on the US strong economic recovery and uncertainties regarding the $1 trillion stimulus package proposed by Senate Republicans, as...
Pair name - USDCHF
Action - BUY/LONG
ENTRY - 0.9183
TP - 0.9350
SL - 0.9062
TRADE STATUS - OPEN
PS - I JUST AM PASSIONATE ABOUT TA AND HENCE I SHARE MY CHARTS HERE, THESE ARE NOT AT ALL FINANCIAL ADVICE. I CAN BE RIGHT, I CAN BE WRONG. IN ONE WAY OR ANOTHER, THIS IS A LEARNING FOR ME.
Hello traders, this is the update on the USDCHF trade that I forecast on Jul 6. Check the previous forecast below. Let me know if you guys have any questions. If you like my analysis please hit like and follow. Thanks.
USDCHF has reached a long-term support level from where it could bounce up. I have already started buying USDCHF with my latest buy at 0.9172.
This trade is based on the weekly chart. So, one has to wait patiently to see how this plays out over the course of the next few weeks.
I like this set-up because of the good risk/reward ratio and the potential profit will...
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied
Hello traders, here is the analysis for USDCHF. NOTE please do your own analysis before taking the trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
I will not be taking this trade as I don't want to over trade and I'm happy with the trades I am in right now (never over trade, easy way to lose money!).
This pair could start reversing from this point but I would personally wait to see if their is a push into the 0.92900 region.
Easy charts on the eyes, simple analysis, simple set up and the best part...? a 23...