Sorry guys....... the USD/JPY went horribly wrong, let me make up for it with this one!
The primary trend of USD/CHF is bearish on charts and price is trading below the trend line in its hourly chart. In four hourly chart the price is sustaining below 200 day SMA and below resistance of 50 day SMA indicating downtrend of the pair. It is having an important...
USDCHF: We expect USDCHF to stay on sell side The close .9903 is very much lower than our weekly sell level. Target 01 @.9849 Target 02 @ .9810. There is a major confluence level of .9753 to .9689 on the lower side.
A very interesting setup on the USD/CHF daily chart. A bearish bat has just completed and is retracing, currently being held by the 50% fib level from A to D. A good point to enter would be after price tests and holds either the 38.2% or 23.6% levels (blue arrows on chart).
Stop loss above D leg of Bat at 1.025555.
Profit targets at confluence of Crab and Bat...
FX:USDCHF
Those who follow Anilmangal should have already knowledge of the structure presented to us by this pair, the additional value of this analysis is the bullish cypher pattern, which apparently is well synchronized with the previous structure.
Wait the breakout and their correction to enter the trade.
Short the breakout, Buy the harmonic IF the market...
USD/CHF climbed to fresh weekly highs above 1.1000 as the franc weakened following comments from a top SNB official saying the currency remains "considerably overvalued".
Swiss National Bank Vice Chairman Fritz Zurbrügg said on Wednesday that the franc remains considerably overvalued and the SNB is willing to intervene in currency markets if necessary.
USD/CHF...
Hello Traders!
Happy New Year!
We would like to present, intraday forecast - 6S (USDCHF mirror) on january 2016y, as an additional EWA, confirming 6E (eurusd) intraday forecast, within the correlation method of analysis. Besides, take a look at forming model of B.Wolfe's waves.
Methods of price analysis: EWA/EWP, Market Profile, Delta&Cluster, Volume ,...
I will try to target a continuation of the downward price action just above a decent support area. But to be safe, we can also target the recent swing low.
The bullish trend line has been broken that started late October. The market has just retraced upward after the break of trend line and could still go lower.
