USDCHF is approaching its support at 0.9909 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 0.9946 (50% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at 4.6% where a corresponding bounce could occur.
USD/CHF:
USD/CHF sellers kicked off the week on a high note, forcing the H4 candles lower from December’s opening level priced in at 0.9977. The move was backed by broad-based USD selling and a flight-to-safety boosting demand for the Swiss Franc. For those who read Monday’s briefing you may recall the research team highlighted 0.9977 as a potential sell zone ...
The Tidal Shift Strategy has just sold USDCHF at 0.99222. The system recommends entering this trade at any price between 0.9912 and 0.99324. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 2.12349, which suggests that the USDCHF could be trending downwards.The 14-period Average ...
USDCHF is approaching our first support at 0.9848 (100%, 61.8% fibonacci extension, 50% fibonacci retracement, horizontal swing low support) and a strong bounce might occur above this level pushing price up to our major resistance at 1.0019 (100%, 61.8% fibonacci extension, 50% fibonacci retracement, horizontal swing low support).
Stochastic (55,5,3) is also ...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=0.9945.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=0.991.
TP4: S2=0.986.
Set the stoploss of these orders at breakout of R2=0.9955.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of ...
Rinse and repeat? Potential short setup on USDCHF. FX:USDCHF
Trade levels:
Short at current levels: 0.9921
Stop-loss: 1.0025
Take profit target: 0.9640
=> As is the case in EURUSD any pullback from here will be viewed in our books as corrective. The bounce from Feb has looked very impulsive and is underpinning this current uptrend.
=> Any retrace should be capped at 0.9789 and as such waiting for support levels here seems prudent at 0.9905 and 0.9835.
=> It will take a break of the 76.4% to open up the highs and ...
The probability of decline remains.
On the H4 chart, the downward correction of the senior level is developing as a wave (2), which includes the formation of the wave C of (2). At the moment, it seems that the formation of the third wave iii of C has begun, within which the local correction ii of C was completed. If the assumption is correct, the pair will ...
The USDCHF, also known as the “swissie” is the fifth most traded currency in the Forex market. It is considered to a safe haven pair due to its stability and neutral character of Switzerland and is a reserve currency used by markets worldwide.
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