As mentioned in the previous analysis, it is possible that corrective wave 2 is a Double Zigzag pattern. We are currently at the end of this corrective movement. However, this corrective movement should not exceed the range of 0.90514. In addition, by crossing the 0.9197 price range, the uptrend scenario will be confirmed.
USDCHF shows an opportunity for buy. A breakout of the neckline and a bullish candlestick confirmation is expected at this region.
Ideal stop loss is price region below the right hand shoulder.
Target is as shown on the chart
USDCHF-Technical analysis
USDCHF got some minor rejection around 0.91000 key psychological level and bounced towards 0.91500 which is a .50 Fibonacci retracement level and at this supply zone
the price was consolidated and then felled towards 0.91150 price action level which is acting as decent support coordinates with .382 Fibonacci level. The price will
bounce...
UsdChf found a strong bottom in 0.9 zone and after the first rally from this point, the pair is rolling back towards the buy zone.
I will look to buy dips for this pair with a target around 0.93 and a R:R of more than 1:2
Hi all traders,
This is a video analysis on usdchf.
As always, i have mentioned some of those important levels within the video analysis for you to take note.
Do trade safely for usdchf for next week and hopefully you would be able to make some pips.
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It's about to take off!!
Here one also have the SNB on one's side as this one is very heavily(!!) manipulated - the SNB printing/selling the CHF.
Here is the Weekly chart;
Look at where it is!!
... and here is the 4hr.
... for the exact LONG Entry.
Disclaimer:
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. this is not signal. it's my opinion. trade your own risk. and Must Follow Money...
USD/CHF is making a slope here, between a strong resistance trendline and a support trendline. The trend made an upswing parallel channel, But it can fall and knock the control price line.
There is a possibility that It will rise to 0.9200 , and then it can touch 0.9236 .
Also, there is a possibility for the fall to 0.9100 , which is the first target. Then...
The counter formed an inverted head and shoulder pattern and rallied up to higher levels.
It has pulled back to the broken resistive trendline which is acting as support now.
We expect the pair to find head higher from here.
Hi all traders,
This is a video analysis on usdchf.
inverted H&S have been shown on the daily tf and it broken out of it. But are we ready for a upside of usdchf..
Play the video and you will understand those levels i have informed in the analysis.
Cheers and thank you!!!
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As we see this pair had successfully retrace to a strong support now we have a great entry here to buying this pair
with a low risk and higher rewards .... as we see DXY also start moving slowly
its is a great thank that you push a like it help other traders to get analysis
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USD/CHF Retest breakout ?
Resistance Levels: 0.92022, 0.92984, 0.94008, 0.94545
Support Levels: 0.91423, 1.89893, 1.88908, 0.86393
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