USDCHF will continue to be in a Bearish trend according to the Flag Continuation Pattern on the 4H timeframe.
The recent rebound in USD/CHF has pulled the Relative Strength Index (RSI) above 30 to generate a textbook buy signal. USD/CHF Rate Outlook USD/CHF carve a s series of higher highs and lows as it extends the rebound from the December low (0.8333), with a break/close above the 0.8550 (78.6% Fibonacci extension) to 0.8590 (78.6% Fibonacci extension) region...
The price has made Bearish Bat Pattern and it has a high possibility to reverse from the current price and the downtrend can be boosted if today Fed Has bearish tone in minute meeting. But as I always say Be prepare for the opposite bull movement if pattern fails.
Since the market has started making a bullish trend. Still, there is no bearish divergence. We will buy it at the current market price. The currency indices are calling for a long trade.
looking bearish trend in daily timeframe follow descending channel
Hi Traders I except more growth on the price due to the below reasons: Double bottom pattern RSI is still oversold
looking for USDCHF sells according to my trading plan DO NOT take my trades they are for personal records
Wait for the news this evening and then enter the long term position around 0.85200-.08500
USDCHF | H4 Sell Limit 0.85084 TP 0.83333 SL 0.85799 Reason: 1. Break of Structure✅ 2. Equal High✅ 3. Take Inducement✅ Weakness: Already swap Sellside Liquidity⚠️
this is my bearish trend idea. However wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
1H upper trendline broken and retested, Fib levels also confirmed. With all technicals info, one can conclude for an upward momentum
this will be the last point of downtrend for USDCHF always wait for a confirmation
Here I have the USD/CHF on the 1Hr Chart. Price action has outlined what looks to be a possible strong reversal pattern, the Double Bottom! Price has given us two Lows with the most current being a Higher Low. Now I expect with price reaching back up to Confirmation of Pattern @ .8451, we should be given a Break of Confirmation for price to begin creating Higher...
On USD/CHF is nice to see strong sell-off from the price 0.85240, there are nice to see strong volume area.... Where is lot of contract accumulated... I thing that sellers from this area will be defend this short position... and when the price come back to this area, strong sellers will be push down the market again... S/R zone from the past + Downtrend +...
On the 1hour timeframe we have a bullish breakout. The USD is the strongest and the CHF is the weakest as the NA session begins.
looking to sell though its low probability trade, ill be monitoring the behavior and delivery into my area of interest
Hello traders, I want share with you my opinion about Swiss Franc. By observing the chart, we can see that the price a few days ago and started to trades in the range, where it first declined to the 0.8910 resistance level, which coincided with the seller zone and the bottom part of the range. After this, CHF rebounded from this level to top part of the range, but...
This is my daily watchlist for Tuesday, top 3 are: EURUSD GBPUSD USDCHF