Cambo_Guru

Cambo_Guru

USDCHF has been a quiet pair but looking at the DAILY and WEEKLY Timeframes, it formed an ascending triangle. Prices reached down to 0.91000 and 0.91500 levels before increasing volume - indicating interest - drove price back up. A strong supply zone of the WEEKLY timeframe act as the upper base of the ascending triangle (around 0.94000). Price rallied from...

Cambo_Guru

After hitting the Daily Timeframe Supply Zone, banks and institutional traders took profit and sold off - confirmed by huge volume around 0.76000. A RALLY - BASE - DROP is occurring towards 0.74000 - a strong 4H demand zone. This zone is in confluence with 200 EMA. Reversal trade opportunity for a RALLY- BASE - RALLY towards initial Supply Zone.

Cambo_Guru

After a climatic move towards a Daily Timeframe resistance (0.95000), banks and institutional traders took profit. Supply overwhelmed demand, creating strong downtrend. This strong impulse will float the price towards a 4H Timeframe demand zone (0.93100) - in confluence with 200 EMA. Long opportunity for the next RALLY - BASE - RALLY.

Cambo_Guru

AUDCAD made a climatic upwards before banks and institutional traders take profit. Pushing price down, heading towards a demand zone of previous RALLY-BASE-RALLY. Likely to act as catalyst for a continuation towards the upside.