8 Major Currencies 01/11/2023
Class A LONG (The moving average difference hits a new high after divergence reversal, and the colors of the moving average slope and the moving average difference are green. ): AUD NZD
Class A SHORT (The moving average difference hits a new low after divergence reversal, and the colors of the moving average slope and the moving...
before buying, please check for being sure about your opinion about SWISS FRANK EURO pair !!!
(in every target you want closed the position but our target is the third one)
doing and living in the best quality *-*
(Guy's the entry place is importance things in enter in a position)
The price has formed a rising wedge. We are expecting the price to break into the downside. We are looking for a retracement to a 50% Fibonacci extension.
The price is bouncing off the top of the Bollinger band, which is a good indicator for us that the price will break out to the downside.
The Swiss Franc basket is at a key level. Since the COVID-19 peak in March, the CHF has been forming a solid descending wedge. Price has not broken below the 1.195-1.205 zone, although it has been tested. This zone was a pre-pandemic resistance, and has since acted as a support for the Swissie.
Currently, price is resting at 1.20255, within this zone. The...
Hello Traders, CHFEUR is showing a similar pattern. The wedge is much more extended in this case, and the pair has to make a move to break it in one way or another. The violent bearish reaction the pair experienced after touching the dynamic resistance tells us that the priority is downward. However, the trendline has not been broken. An aggressive entry can be as...
Swiss frank Index shows weakness. Bears managed to maintain the battle positions and close on frontline aka trendline. Further bearish advance is likely. Price is likely to push to 200 day sma.
What does the breakdown mean?
USDCHF AND DOLLAR INDEX - UP
EURCHF - UP
EURUSD - DOWN
CHFJPY - DOWN
Top Absolute Correlation 1 Day
1 USDCHF - EURUSD -98.1%
2 USDCHF -...
You have to be careful and analyze the price action before making the decision. We must think that nobody knows what will happen. I'm just trying to put the odds in my favor. Then the price will do what it has to do. So let's see what happens.
There could be more EUR strength around the corner if the EUR index can close above it's daily 20 EMA . Forming a low here could be a sign of a change in the pitch of the ascending channel which will create or continue EUR pair uptrends. If so, that EUR strength will start to show in my relative strength analysis and pairing the weaker currencies with the...