As long as the price is above 0.8700, the uptrend is expected to continue. The price range of 0.8700 is very important and sensitive. This price level should not be broken. If the sellers overcome the demands of this level and this level is broken, we can expect further price decline. The forecast is to resume the upward trend and buy at low levels and sell at the peak.
Technically, the market seems to be 'playing' around the support (Bearish Trendline + 200 EMA), of which I am to wait for a clarity before I sell the bearish channel or buy a break of support. And if you look at most US pairs, in my restricted opinion at least, the market seems to be explicitly indecisive. I think investors are playing it safe awaiting that...
i am basically grounding this analysis on the rsi divergence that form on the weekly timeframe
Hello traders, we want to check the USDCHF chart. The general trend of the market is up, but the price is making a correction after hitting the specified resistance level. We expect the price to fall to the specified support level. Good luck.
Hello Everyone, Long-term, it's advisable to consider selling USD/CHF, despite its current state of being somewhat overbought. Recent market activity has been relatively stagnant, and at present, we await news developments to offer clearer direction. TradeWithTheTrend3344
The support zone drawn on the chart becomes resistance. Stop Loss placed at the last swing. Risk-reward ratio 1:2, it is recommended to secure the trade at 1:1.
Usdchf trend is bullish we have best buying opportunity around 87.160 Don't Miss This Opportunity Note It's Not A Signal After Confirmation Signal Will Be Available Stay Tuned For More Updates
The price of USDCHF will most likely increase soon enough, due to the demand beginning to exceed supply which we can see by looking at the chart of the pair. ❤️ Please, support our work with like & comment! ❤️
USDCHF is looking bullish with multiple confluences mention in chart
Bullish flag accuring waiting for the breakout and retest before entering our buys !!
I want to try this sell, in my opinion probable reversal. The real key regardless of any strategy is to have a decent risk/reward . You win and you lose , so be cautious. No financial advice, do your own research.
Preferred direction: BUY Comment: The situation for the franc differs in many ways from other major currency pairs, and is more reminiscent of the situation for the Japanese yen . Here the franc continues to remain an outsider among the majors, not taking into account the Japanese yen . Even in the event of another short-term weakening of the US dollar ,...
USD/CHF could fall towards a potential breakout level and fall lower towards our take-profit target. Entry: 0.87713 Why we like it: There is a potential breakout level (price is exhibiting a potential descending triangle pattern which is typically bearish) Stop Loss: 0.88214 Why we like it: There is a pullback resistance level Take Profit: 0.86755 Why we like...
Based on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 0.8810, which is an overlap resistance. Our take profit will be at 0.8752, above the 78.6% Fibo projection. The stop loss will be placed at 0.8847, which is a pullback resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high...
The daily chart shows a nice bullish trend on the daily chart. A minor retracement has occurred at the cycle highs, although Thursday's bullish hammer found support at the 100-day EMA, 38.2% Fibonacci level and prior swing high. RSI (2) is confirming the trend and RSI (14) is above 50 to show bullish momentum of the past three weeks. Given the bullish trend...
Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 0.8780, which is a pullback support. Our take profit will be at 0.8810, an overlap resistance. The stop loss will be placed at 0.8742, which is an overlap support level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be...
A rare pattern but not out of the question. 5th impulse wave could truncate and we could see a "black swan event" It still looks like it could go further north however meeting a tp of .89500 Cannot wait to see how this plays out. Goldman Sachs CEO Lloyd Blankfein says “given enough time, very low probability events not only can happen, but they absolutely will happen”.
I Tyree Thomas Jr am sharing a trade analysis idea that I may decide to enter. I use my Kobane Trading Plan that was taught to me by Curtis Kobane Branch. I also learned the Delorean trading strategy from Tyrone Foster. I use the Fibonacci tool to determine where I may enter a trade and the Fibonacci Extension tool to determine where I may hit take profit and exit a trade.