Monthly Chart: At a monthly resistance area 1.85389 after being on solid uptrend. Currently Monthly Candle is a large selling candle but this could just be a pullback. With only a few more days left in the month, I will have this pair under close watch knowing we are at a key monthly area
Weekly Chart: Price recent burst above the resistance area before...
The Dollar Franc appears to be consolidating between a weekly SR of 0.95905-0.97935 and so until we have break and retest outside of one of those area we will approach the USDCHF with netural bias. Price is Approaching a very crucial area of this triangle pattern so a bias should be able to be established within the next coming days or weeks. For now I will...
Price is curremtly in a failling wedge formation I am currently in on this pair and my TP is 68.902. The reason my TP is here is because we approaching a weekly and monthly SR area that price has not yet broken. We need more confirmation and testing to verfify that this is indeed a fresh uptrend instead of a fakeout. I apologize for the delays as I am still...
Currently at a monthly level on both the weekly and daily charts When price came up to Weekly SR lvl 135.650 Price rejected that area but has not broken below monthly SR lvl of 132.310 Which currently is a consolidation until price breaks below that area and should be treated as such until proven other wise. Price action on the daily shows the start of a...
Price is at a monthly level 116.315 and looks ready to reverse currenty still on a downtrend but the previous candles show long wicks and a loss of momentum as they get closer to the bottom of this SR area. This will be taken as a DRC so in order to enter long, price will need to break the trend line and retest of monthly SR area 116.315. Price could reverse back...
Monrthly and Weekly Charts show price tanking down towards 76.065 area of monthly SR which is bearish. However as price gets towards this area the candles are gradually getting smaller and they are producing long wicks wick could be a sign of reversal so We'll certainly be on the lookout for that. On the daily Charts Price has also tanked down to the monthly area...
Monthly charts currently a red indecision candle between SR area for the month 1.22175-1.25870 Price has rejected from this area and created wide swings on 2 separtate occaasions meaning price could do the same thing here but not broken above 1.25870. On the weekly charts price has rejected the 1.22175 area but has not broken above monthly resistance. Since the...
