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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U.S. Dollar / Swiss Franc is very close to hit lowers highs line and apex isn't far from here. According to this chart, upper breakout possibilities are higher compare to downward.
For short-term traders:
Target Price 1: 0.91200
Target Price 2: 0.91500
For long-term investors:
T arget Price 1: 0.91800
Target Price 2: 0.91920+
Look into the chart,...
Greetings Traders
Further continuation.
We saw a sharp reversal higher Yesterday, posting a bullish ‘key reversal day’ to suggest we might see further corrective upside in the near-term, which ideally is then capped by 0.9553.
Thus, 0.9553 will determine the direction of the pairs.
USDCHF is trading in an ascending triangle pattern, which is a bullish pattern. It has tested the resistance line of the ascending triangle the third time and reverse from that point. We might see, the price level will come down to the support line of the ascending triangle pattern. For the short term, one can trade on the short side for the target as an ascending...
USDCHF is trading in channel pattern, but in the very narrow range, we might see in some more time it will trade in channel pattern. Also, it is facing various resistance for upside movement, so the upside move will be very restrictive in USDCHF. One can trade on USDCHF for very few pips on the upside.
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Note...
Hi All,
Last week I traded this pair with succes and was waiting on a new opportunity to go short again. The Down trend is still intact and Price got reject several times at a historic S/R level @0.96850. My momentum indicator shows a bearish pattern once again so I'm confident Price will start dropping very soon.
Be patient and ride the waves... StopLoss is...
USDCHF is in a Down trend and made a Lower High last week. Price got rejected around 0.95500 and now we wait for the Counter trend to break. I suspect Price to make a Lower Low around 0.90700 which is an old Weekly Support and Resistance level from May 2015.
Trade with patience. I will keep you posted!
Hey folks, how's it going???? Here we have caught USDCHF in its uptrend channel. The pair seems to hit its support at 0.98781 and started moving upwards. In this H1 chart the pair started making higher high inside that channel. As per our analysis the pair will move in that channel while going towards its resistance. Since the pair is not going directly but inside...
Hello! I have for you a very interesting long idea:
Stop on the chart. All details available on the chart, but if you need - please comment and let's discuss.
Notre préférence : position acheteuse au-dessus de 0,9530 avec des cibles à 0,9620 & 0,9660 en extension.
Scénario alternatif : en cassure de 0,9530, une poursuite de la baisse sera envisageable avec 0,9480 & 0,9435 en ligne de mire.
Commentaire : le RSI est bien orienté.
