We are in a down trend and currently in the corrective phase of the leg. We have not gotten a multi touch confirmation but we got a second touch which is also still valid to use. Price tested the previous high and rejected. Going down into lower time frames. The are 3 bearish soldiers from that rejection which show further market strength. We are in a very...
🕵️♂️ Let's delve into this forex pair and analyze it together on higher timeframes for future trading and long-term perspective. 🕓 In higher timeframes, unlike most other currency pairs currently oscillating within long-term boxes, the Swiss Franc seems to have the upper hand against the Canadian Dollar. 🔍 At present, the Canadian Dollar is experiencing its...
UBS GROUP (UBSG): SIX:UBSG The banking sector has experienced significant turbulence over the past years, which has not spared UBS Group from Switzerland. Please note, this analysis is presented in Swiss Francs, not dollars, as we're examining it from the Swiss stock exchange perspective. Unusually, we're delving into the monthly chart here, where it's...
CHFJPY have been on an uptrend for a long while, after breaking the resistance zone, price is expected to retest to the support zone and continue it's upward trend, also notice our 50EMA situated at that point ready for retest.
Just as GBPCHF is similar to this, EURCHF is also expected to reach the 50Exponential moving average and is expected to short from there, also note the resistance zone that support this bearish move and the daily and weekly trend that also support this movement.
Pretty precarious short trade on the Swiss/Yen. The years long uptrend has been exhausted for ages, but with the Yen's across the board weakness, price has steadily climbed. I entered a short on the 28th and added a lot on the 29th. Technically, I did get a signal from my indicators, but they haven't did very well against any Yen pairing as of late. We'll see how...
After deep pullback and firming a broad channel, USDCHF is on support and has chance to goes high and test the upper line of broad channel. Trade safe.
USD/CHF is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 0.87779 which is an overlap support that aligns close to the 100.0% Fibonacci projection level. Stop loss is at 0.86750 which is a level that sits under an overlap support that aligns with the 78.6% Fibonacci retracement level. Take profit...
Seeing this pair reject from either the current local resistance boundary or if not the longer term descending trendline. I'm expecting NZD weakness in the coming week so monitoring LTF's carefully. I believe we'll be dropping down from either 0.538 or 0.543, a break above this latter number could signify reversal.
This pair has witnessed a large amount of back-and-forth swings in the last couple of days. We witnessed price fluctuations that resulted in a direction switch over and over again. Right now, we are going to ignore all other timeframes and look at this market analysis from a 4-hour perspective. On the 4-hour chart, we can see that the market is on a down PB from...
We can see we've just broken out of my channel top after a strong bullish move, but this isn't the first time and we're hitting strong resistance. Swissie has been weak of late, unlike the Aussie, so I believe this can go either way. I'll be looking at longs around 0.589 if resistance is broken, but we may well fall back first. If we fall back below 0.578 then...
Borrowing from our previous analysis, we saw how the market went all the way bullish to hit our liquidity target. After doing that, it gave us more bullish setups and trading opportunities, all of which played out. Today, we are on the 1-hour chart again, and we are looking to predict market direction. The market is currently in an uptrend, with 6 PBs to the...
With the previous Bullish swing completed, it is time to look on to the next. The market has given us a new PB, an area to trade from. From the PB, we have made an attempt to refine it to get our zone within 1 hour. With our zone clearly marked out as seen on the chart, we anticipate price dipping into the zone, and from there we will be looking to trade. The...
We've broken out of a long-standing sideways channel to the lower side, now bouncing off support to retest the broken channel. I'm expecting a big dump in this paid once the retest is complete, UK economy vs Swiss economy, interest yields etc, no comparison. The Swiss has been a stand-out performer against most crosses this year, GBP has been clinging on but I...
The pair is Bullish on the 1 hour. With the breach of our zone and PB of the 1 hour timeframe from yesyerday, as is clear that the 1 hour chart has reversed from a bearish perspective to a completely Bullish one. The only trouble here is the on the larget timeframe of the 4 hour and above, the market is still bearish as the Bearish PBs are still in place. It would...
Yesterday, we made our analysis and found a possibility of the market dipping. The market played out our prediction and hit the 1 and 4-hour liquidity target at 0.89016. With that swing completed, we are setting up for the next trading opportunity. We see prices begin to retrace Bullish after hitting our liquidity target. We have prices back inside our Panzy Pips...
We can see that USDCHF has followed a descending dynamic trendline and has now formed a triangle pattern. Most other Swiss crosses are near or at ATL's or ATH's except this one. We can see multiple rejections on the 4HR from my support line and we're nearing the squeeze point of the triangle, so if we break the descending line I'll be looking for a long...
This pair has been following a descending channel for months and even with positive data last week for the aussie and weaker performance for the swiss, the general direction was maintained. We've broken back below the mid point of my channel and we seem destined to ultimately be heading for the ATL where I expect a strong bounce. I generally look at correlation...