USDCHF expected to reverse up to 1st support at 0.97398 where it could potentially react and bounce to its resistance at 1st resistance at 0.98126. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Hi Traders, I'm looking at this structure as a WXY running flat. We've seen some bull momentum in price in recent sessions, and I'm looking for further upside over the coming months. Keep buying the pullbacks until price reaches target. Regards Wave Theorist
USDCHF reversed off its resistance at 0.98051 where it could potentially drop further to 0.97400. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Thanks for Taking Interested in my Trading Idea. USDCHF: Sell Trade Setup According Price action rejection market need to flow down side. Dear followers, the best Gift for me is "will be your likes , comments & Share Note: This is only for Educational purposes; this is not investment advice. Thanks for your support!
USDCHF expected to rise up to 1st resistance at 0.98112 where it could potentially react off and drop down to 1st support at 0.97748. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
USDCHF reversed off its resistance at 0.98112 where it could potentially drop further to 0.97748. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
two days ago, i posted this wave pattern which showed signs of exhaustion. today the market structure broke and the chf made a good fall.
this is an update from the last USDCHF analysis. we have reached a zone with resistance (0.9850 - 0.9830) where the price is a bit choppy. with the worse than expected numbers, we could see some downside movement from tonight.
we see a perfect 5 wave pattern that is completed. it started at the wave 2 rejection on the .50 level of the fib. level for has the support of the -0.27 extension level of the Fibonacci. we are at a zone where we can develop an ABC pattern to make a natural correction. with the FOMC on the mind, we are open for some wicks and more downside movement.
we see a perfect 5 wave pattern that is completed. it started at the wave 2 rejection on the .50 level of the fib. level for has the support of the -0.27 extension level of the Fibonacci. we are at a zone where we can develop an ABC pattern to make a natural correction. with the FOMC on the mind, we are open for some wicks and more downside movement.
FX:USDCHF FX:USDCHF FX:USDCHF
USDCHF : Buy Trade Setup With Structure
USDCHF expected to rise up to 1st resistance at 0.97714 where it could potentially react off and drop down to 1st support at 0.97063. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
The US Dollar will likely continue to edge lower against the Swiss Franc within this week's trading session. The USD/CHF currency exchange rate could aim for the lower boundary of a descending channel pattern this week.
USDCHF bounced off 0.96790 where it could potentially rise further to 0.97693. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
USDCHF approaching support at 0.97128 where it could potentially rise further to 0.97693. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.