The daily chart shows price in a descending channel with Ichimoku showing bearish signals as the future cloud is a bearish cloud and price is below the cloud which indicates a strong bearish trend in price.
Chikou Span is also below price which gives us a confirmation that the we should be sell USDCHF.
The 200EMA is above price which is another indication that...
Intraday long trade set up on CHFJPY.
I am long from the lows at 108.300 and I am looking to buy on the intraday higher lows. Price has reached some resistance at this current level and I am predicting a little pullback down to the 1hr bullish trendline.
A higher low, rejection of the previous resistance and fib 0.618 level would be ideal for a scale in position.
Strong trend analysis leading to a reversal and a rise in CHF JPY. SL: 108.169 and TP: 109.610 and TP2: 109.903
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The Australian Dollar has been weak of late, and with the current risk off sentiment we are expecting a shift back into the worlds safe haven currencies of JPY and CHF.
Our favoured pair for the coming week is AUDCHF with a beautiful 15m bearish engulfing candle right off of our level of interest at 0.68630.
Initially this trade has been taken as a day-trade...
Head and shoulders formation taking effect with a broken neckline, price has rejected from the weekly support (successfully closing above on the daily TF). Downside risk will be dependent on geo political risk , this affects the flows towards/out of the Swiss Franc.
. There is a possibility of temporary retracement to suggested support line (1.1205). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. EURCHF is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
Similar to our Euro versus Japanese Yen trade we are looking to get short US dollar against Swiss Franc on expectation of a risk off tone into next week from a combination of price action on equity indexes as well as what we have highlighted here on our trading view chart work. A combination of price action and trendlines is coming together to...
During the London session this morning we are seeing consistent strength in the Swiss Frank with all pairs increasing in value. Meanwhile the opposite is true for the Japanese Yen - all pairs are down making the Yen weak.
The result of strong vs weak is a trend. Our pick today is the CHF/JPY pair for a long position.
Looking at this pair, I can determine that it will continue moving in it's tunnel respecting it's retracements but will wait for the next retracement before entering. So far it broke the 61.8% fibb level, so now we are looking for the 50%. The dollar index is near a support level, so expecting a bounce back after a small drop, will take the bull retracement for 50...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.01.
But the short term forecast is range bound, so we expect to reach the following targets:
Set the stoploss of these orders at breakout of R2=1.012.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of...
Hello traders... The New Zeland Dollar continues to see heavy selling across all currency pairs as we continue through to the New York session. Fresh strength is now coming in on the Swiss Franc giving us a new opportunity to short with the NZD/CHF pair. Here's a breakdown of each pairs price movements since the start of the London open this morning:
Good morning traders,
Clean setup on US dollar versus Swiss Franc with strong resistance levels keeping this pair in check and forcing it lower towards 100. Our trading view chart has highlighted the key support and resistance levels at play for this pair.
We tested resistance levels again around 1.008 to 1.01 last week before pulling back and we are now looking...
1.0023 - 1.00452 Add to Watch List
Signal ID: 65710
Time Issued: Thursday, 23 May 2019 18:00:15 GMT
Entry: 1.0023 - 1.00452
Stop Loss: 1.00784
The Tidal Shift Strategy has just sold USDCHF at 1.00341. The system recommends entering this trade at any price between 1.0023 and 1.00452. The signal was issued because our Speculative...