The US dollar is being supported by the Federal Reserve's monetary policy decision, which is anticipated to result in a fourth straight 0.75% rate increase.
As a result of the market players fleeing to safe haven assets due to the negative market mood, the US dollar index (DXY) has renewed its day's high at 113.12.
However, on the daily chart, bearish divergence...
We on approaching a big Monthly SUPPLY/SELL zone between 1.015 - 1.038 right at the start of this zone there is a smaller Weekly SELL zone I will be waiting for my indicator to start giving SELL signals from the 4hr timeframe up if price goes above 1.01
Will target the 0.96 area which is the newly created Weekly BUY zone, will update when the signal occurs.
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.
Pivot: 1.0080
Our Preference:
Short Positions below 1.0080 with target at 0.9930 and 0.9790 in extension.
Alternate Scenario:
Above 1.0080 look for upside with 1.0150 as targets
Comment:
As long as the resistance zone at 1.0080 is not broken , the risk of the break below 0.9930 remains high.
You Can send me a private message if you want
USDCHF - Expires in 13h - We look to Sell at 1.0064 (stop at 1.0096)
We are trading at overbought extremes.
Posted a Treble Top formation.
Bearish divergence can be seen on the daily chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower.
Although the bulls...
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 (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react...
USD-CHF has retested a horizontal resistance level
From where a bearish reaction
But now we are seeing a bearish breakout
Of the rising support line
So after the retest of the horizontal resistance above
I think the move down is likely
USDCHF - Intraday 9pm uk expiry - We look to Sell a break of 0.9914 (stop at 0.9945)
The bearish engulfing candle on the daily chart is negative for sentiment.
A break of the recent low at 0.9915 should result in a further move lower.
We look for losses to be extended today.
Short term bias has turned negative.
Our profit targets will be 0.9842 and 0.9832...
Hello Traders
Looks like there is no way for the USD to climb over the 1.002 in USD/CHF.
So here is why we are bearish on USD/CHF:
1- RSI and Stochastic are declining (1hr TF) and also showing RD-.
2- Rising wedge pattern has been broken.
3- Possible Double Top formation.
4- Micro momentum is bearish.
Targets have been shown in the chart.
If you like it then...
USDCHF (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react...
Sell USDCHF
Note: To reduce the risk on your balance
you have to use only 2% of your balance.
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-❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️.
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.
Hey Guys!
At the current moment the weekly bias on the usd/chf is still long.Or in other words, price is likely to reach 1.00641 before reaching 1.93699.
That said, I'm still currently looking for a short entry. In this post I explain the dynamics of the weekly bias as well as the reasons behind why I'm looking for a short entry.
That's it! I'll keep you guys...
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.
