Hello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price some time ago broke the support level, which coincided with the buyer zone and rose a little higher, after which CHF made a retest to the 0.8840 level. Then, the price entered an upward pennant and made at once strong impulse up from the support line to the...
Hello traders, I want share with you my opinion about Swiss Franc. Looking at the chart, we can see how the price reached the resistance line of the downward channel, after which CHF rebounded down and declined to the support line of the channel, breaking the 0.8635 level, which coincided with the buyer zone. Then the price turned around and entered the pennant,...
Price has finished consolidating and is starting to break up.
Good pullback to enter in a long position, with the weekly + daily+ 4hr up trend.
Target next major resistance zone.
Hey Traders!
I believe USDCHF has a good chance to fall further it's currently sitting above the daily 200 moving average, crossed the 20 on the 4h, if we see the squeeze pattern break to the downside it will continue its strong bearish trend. We also have a previous rising wedge and H&S pattern not yet touched, which could have some weight on top of the overall...
CHF / Swiss Franc is flying, but I think short term interest in the USD will see continued retracement at the start of this week, before a big fall towards the end.
Watching closely for a LTF confirmation and then I'm in with a great RR.
As you may already know, the Swiss Franc (CHF) has recently reached its highest level against the US Dollar (USD) since 2015. This surge in CHF's value can be attributed to a combination of factors, including growing concerns over the US economy potentially slipping into a deflationary phase.
While it is essential to approach such market movements cautiously,...
A potential sell signal on the CHF/USD currency pair has emerged due to the formation of a double top pattern on a resistance level. This pattern indicates a potential reversal of the previous upward trend and suggests that a downward movement could follow. Traders considering this setup may look for a target price of 1.0996 and set a stop-loss order at 1.1567 to...
The previous few trades Bombed out, however, this one looks promising.
Quantity is still decent, Stop Loss is in Place.
GANN & Regular Technical Analysis shows a Downward movement.
Let's see how this plays out
USDCHF was able to break the upper line of the Rectangle pattern.
I expect USDCHF to break the downtrend line with the help of the uptrend line and at least go up to the 🔴 resistance zone (0.91420 CHF- 0.9100 CHF) 🔴.
🔅U.S.Dollar/Swiss Franc ( USDCHF ) 4-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to...
USDCHF is moving near important support lines (weekly time frame) as well as an important 🟡Price Reversal Zone(PRZ)🟡.
It also seems that USDCHF has succeeded in forming a Falling Wedge pattern .
In addition, if we look at the MACD indicator in the daily time frame, the Regular Divergence(RD+) between the MACD and the price is clearly visible.👇
I expect...
CHFUSD instrument shows bearish trend at 1H TF. Confluence include bearish candlestick, fundamental dow theory, trendline acceptance. TP1 and TP2 have high probability to hit.
CHFUSD shows bearish divergence with double top reversal pattern. Likely to hit R2 resistance that turned support. If R2 doesn't hold it might go down to S1
chf perfectly reacted to the blue zone and now is close to a demand zone (red zone), I believe that this zone would work another time (like the arrow in chart) but since this time is 3rd time that price touch this zone there is a possibility for price to eng this zone. eng or reacting this zone would make chf to go for new orders in the dp.
Rise = good time to accumulate and start buying BTC position (gradually, 3-5 waves)
Bleed = good time to distribute and start selling your position (gradually, 3-5 waves)
![CHFUSD: [UPDATE CHFUSD] Watch for CHFUSD to understand Bitcoin.](https://s3.tradingview.com/k/kgLmEwMB_mid.png "[UPDATE CHFUSD] Watch for CHFUSD to understand Bitcoin.")
