CHFUSD is currently struggling to go beyond the marked area which aligns with a bearish fibonacci pullback pattern. However since the price has broker the level to the upside a couple of times it would be wise to wait for further price action in order to confirm if the move is valid. A short opportunity in this pair means that USDCHF will start pushing to the...
Arc right hemisphere holding up the price of the Swiss Franc vs the US Dollar.
If the arc holds, then it's game on for resumption of precious metals bull era.
The USD index is showing weakness as price has been able to break through prior demand. It looks like bearish momentum is growing as the rate of change indicator is increasing during the current price decline. The average rate of change has been increasing to the downside. The ADX indicator is increasing, giving weight to the current decline's strength.
Looks...
Looks like USD has room for the continuation of strength. This index is very similar to the DXY and I could have chosen to use the DXY but I like to be different :P This index is constructed to reflect the same kind of information: USD strength or weakness. I will be looking to pair the USD with weaker currencies for the strongest trends focused on high quality entries.
HI friends ...
Disclaimer and Risk warning.
This is just a Trading idea.
All details must be observed to enter trading positions.
Confirmation of candles is required.
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...
Hi everyone! Couple of CHF/USD reached support level on 1.1145 then it began to dvizhgatsya on up and now indicators indicate divergence. Therefore I expect the movement on up at least to the closest zone of sellers at the level of 1.1256. I put SL very close therefore risks are minimum.
Bought on 1.1158
TP = 1.1256
SL = 1.1142
Information provided is only...
The whole idea of SAXO charts comes from a crocobot technique that goes by the name of YIN YONG .You better have both charts available . Wl ratio of the trade is above 3
IDC
