We are currently breaking through this beautiful bullish Pennant formation (polish: chorągiewka). Target: 4.65 and beyond
The chart from the last decade shows that from one peak to the next, the price increases by an average of 14%. We are reaching the price level, which was the last peak, around 4.32, at the bottom of the chart there is the RSI indicator which means oversoldl / overbought. Rsi is above the upper limit of the norm, which means that we are in the territory of...
Longer term look for a CHFPLN. Price currently is reaching weekly trendline and ressistance zone. If price will reject current levels, we may see test of ascending daily blue trendline
Pattern: Potential Head and Shoulders on 1W. Signal: (A) Bearish if the 3.85700 1D Support breaks, (B) bullish if it holds. Target: (A) 3.75000, (B) 4.03000.
price is at high-quality demand zone on weekly, expecting a good bounce today and if today closes bullish then look to buy a pull back into new demand for a long term trade.
price is inside a daily demand zone and with a buy setup candle. more confirmation trade can be taken upon breaking of the trend line.
The pair has been trading sideways within the 3.94000 1D Support and the 4.05500 1D Resistance since early August, forming a Rectangle pattern on 1D (RSI = 42.228, MACD = -0.007, Highs/Lows = -0.0314, ADX = 25.098). At the moment it is near the 1D Support, hence on optimal buy levels, even though the RSI shows there is still a minor potential for a lower pull (if...
Pattern: 1D Rectangle. Signal: Sell as the price is near th 4.0500 1D Resistance. Target: 3.9910 (the 4H Support).
CHFPLN expected to rise up to 1st resistance at 4.0451 where it could potentially react off and drop down to 1st support at 4.0247. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
CHFPLN bounced off 191.11 where it could potentially rise further to 371.18. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
CHF fundamental data isn't looking great, however, the recent trade talks may push the CHF higher as investor sentiment flocks to safer currencies. Will emotion take control of price or will the weak underlying value of the CHF take into effect on the price.
Pattern: 1M Ascending Triangle. Signal: Bullish (1D Support). Target: 3.8200 (1D Resistance and 0.5 - 0.382 Fib level).
Pattern: Rectangle on 1W. Signal: Bearish if it tests the Resistance again. Target: 3.705.