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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 Stop 0.921 Profit target towrads 0.907, 0.9015 and 0.875.
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.
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...
Good Day Traders, I am looking buy setup in USDCHF Good Luck
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
It seems like we can have a good long trade opportunity for USDCHF. On the 1h chart, we have a pretty strong support on the Fibonacci S3 level. RSI is a bit oversold and we have a nice crossover on MACD. Disclaimer Please remember that past performance may not be indicative of future results. Due to various factors, including changing market conditions, the...
USDCHF bounced off 0.93662 where it could potentially rise further to 0.94068. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Please see chart for analysis - any questions please ask
The counter is currently in a triangle pattern, which shows uncertainty in the near-term. With no vaccine for the pandemic and no fresh stimulus around the corner, the market is expected to continue its range-bound movement. Hence, we expect the pair to move to the upper end of the triangle for now.
Simple Analysis for USDCHF : Overall trend is bearish, we have more downside targets to hit however, if current price holds we could see a new pullback to above SUPPORT & RESISTANCE Area then we'll look for SELL. Otherwise, if price action gives enough confirmation we may look for SELL from here. Follow me for more Analysis, i have nothing to sell to you but...