USDCHF backs off higher prices on loss of upside momentum on Friday. This development leaves risk of more weakness on the cards. Resistance comes in at the 1.0100 level. A break of here will clear the way for more gain towards the 1.0150 level. Above here, resistance lies at the 1.0200 level and then the 1.0250 level. On the downside, support is seen at the 1.0000...
Hello to the people that see what I think.
I think it we be a sell because I see on daily chart a fake broke to the support so It will be a sell.
Im am not so active on thradingvieuw but I have a free signal group on telegram were you can join if you want
t.me
USDCHF has approached daily resistance level that has not been broken for a while now. Goal is to short with a stop loss above the resistance zone and TP at the next previous support level
Hi guys, I've been away from trading for several weeks and went off to study some new material. I changed my style to pure price action but I still use RSI and MACD for divergences. I noticed that I see the markets more clearly without indicators or any kind of MA's. Clear charts create clear minds huh? It's good to be back here.
Okay, let's see USDCHF had a nice...
Break and close on a daily basis below 1.005 would be the first confirmation of trend reversal, which would also harmonize with the opposite direction in the EURUSD.
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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