Here's the USD/CHF daily chart, and it has started the bearish Elliott wave pattern. It may hit the 0.8731 (to complete the 3rd wave), and then the trend will fly to hit the 4th wave. It will hit 0.8900 - 0.9000 to complete the 4th wave.
It is over 200pips in our direction since my last publication on this pair (see link below for reference purposes) as price respects and completes my Descending channel expectations; The USD/CHF is rose sharply on Friday and climbed to Fr0.89000, thereby hitting it's the highest level since Wednesday. The question now is "Are we at a new Demand zone anticipating a...
USD/CHF is collapsing, which may try to recover the loss. Short-term investors can buy nearby the strong support channel for the targets of 0.9000 - 0.9060 - 0.9110 . At present, I don't recommend to sell at this point. Day traders can sell below the support trendline but after consecutive two or three red candles. I will update the downside scenario while it...
With over 100pips running in profit since my last publication (see link below for reference purposes), the US dollar has continued its downtrend against the Swiss franc for the fourth consecutive day. Signs of a further decline in the Greenback continues to be emphatic as price breaks down and retest Fr0.90800 to make new Resistance level for future "sells". ...
Our last publication on this pair fetched 247pips profit (see link below for reference purposes); Price action caught within the sandwich of Supply and demand zone (bearish Rectangle) since the Impulse leg that began late April 2020, we continue to see the potential of shorting the USD/CHF pair despite the recent news regarding the COVID-19. Tendency: ...
When the price reaches the limit of 0.9175, move your Stop Loss to the entry point.
Price will come to 0.91844 area and close the mitigated trade and will continue to down. Note: Trade at your own risk.
Give this idea a thumbs up and i will post more currencies setup everyday.. i am expecting a downtrend before rally up .. you can buy from my entry areas and can wait for the TP hit
It has been a while since I published anything on USDCHF due to validity of previous bias. With over 300pips in our direction since last publication (see link below), it is now glaring that the present structure is so ripe for a reversal (at least a correction move since the downward spiral began in March 2020); As the Greenback pushed higher last week to close in...
According to this chart, USDCHF is an uptrend for a short period. As mentioned above, we will see T1 and T2 soon. Beware to strong support trendline. It has tested twice! We are currently seeing buying pressure because of speculators and volatility. If breakout the support level: It will hit 0.87760 (T1) - 0.85600 (T2) to 0.83541 (2015 January's Low Price).
As per this chart, the trend continuation will drag up for 9.94600 - 0.95000 levels. Keep your eyes on the support trendline, USDCHF has broken it. If it's not fake-out, 0.92360 - 0.91800 target levels.
Last week kick-started on a Bullish note for the Greenback but later surrendered a major part of its early gains to the Swissy as it breaks down my Key level @ 0.93850. Even though it rallied back up from this Breakdown; price appears to be respecting the Bearish Trendline which has been holding since late May 2020. Tendency: Downtrend ( Bearish ) ...
Pattern: Multi-year Rectangle on the 1W chart. Signal: Bullish as the price has bounced off of the 0.91800 Support and based on the 2018 fractal has considerable upside. Target: Basic target is 1.0000 and if 1.002500 breaks Extension Target can be 1.0200. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and...
usd/chf sell entry 0.96860 sl 0.97000 tp.1 .96720 tp.2 .96420