USD/CHF - 4HR Chart
Price has been trading in this ascending channel. Not long ago we saw 6 year lows on this pair. We have remained bullish on the USD throughout.
Price is testing the topside of our structure. Will we see a breakout to the upside or a retracement before another bullish push?
Price has hit our long term targets at the bottom of previous structure and since has found support at the level. Will we see NZD strength prevail and price break further to the downside for the rest of the week?
Have a great trading day.
Check out our previous ideas on this pair!
After breaking our descending structure, price formed a double bottom before bulls took over the market.
Strong bullish momentum in the markets has continued today with long term targets at the top of previous structure now in range.
Here's an update to yesterday's idea.
We've seen price fall from our highlighted level, in line with a triple top formation at a whole psychological level in the market. Make sure you check these whole levels and familiarise yourself with actual price. It can be very useful!
Plenty of EUR upside potential heading into next week against the GBP.
Drawn here is a potential price path the pair could take, breaking and retesting key structure levels.
We have seen a break of our descending structure for the first time, this could be an indication of a reversal heading into next week.
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Price still respecting the key levels we marked in our previous descending structure. The break of structure is the first indication of a trend change.
We are at long term lows, price finding support at our key level and bulls looking to take price higher. Will we see a break of resistance next week with price moving higher?
What we can see here?
Price is currently rangebound, bouncing between key resistance and support levels. We have seen wick rejections at our support level. Price has taken longer than usual to turn bullish, will we see bulls take hold once again, or will bears take hold and break out this range to the downside?
Lets see what happens. Want to discuss this pair in...
A bit messy but I hope I got the overall idea across. We have been seeing the same patterns appear over and over again. Anticipating a short phase next.
Confirmation? After the trendline breaks there'll be a short set up.
NZD strength prevailed throughout the week as NJ pushed higher. We can see a break of our top key level here on the 4hr chart, a retracement before a strong bullish bounce off the level breaking previous highs.
What will we see next for this pair?
Bulls have grabbed a firm hold of this market as we approach long term targets at the top of our previous structure to complete the reversal.
We marked potential key levels on our bullish ascent. Price has found resistance at one of these levels. This level was a key level in previous structure - therefore we can expect price to respect this level on the...
Long term targets still the top of previous structure on this pair!
See how key levels in price are still respected even when price breaks that previous structure?
Any questions about this pair please don't hesitate to ask!
Analysis - 👨🏾🎓
The DXY is Bearish on the monthly from a structural and institutional perspective I can see the bullish momentum continuing until 92.184 to mitigate the orders made in the last period before a continuation in bearishness to create a monthly lower low.
The 82.000 demand zone, which has significance as far back as DEC 1990 could be a...
Check out our previous forecast on EUR/AUD. We can see price has broken our resistance level, retraced and tested the level as support before bouncing away.
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We've been bearish on this pair for some time now after a previous break of structure. Price retested the highs and tanking rapidly so far today.
If you want to learn about this analysis, using highs, lows and key structures just send me a message on TradingView.
Happy Trading guys!
Check out our previous idea on GBP/AUD linked! Two weeks ago we predicted this move. Patience is key in trading.
We predicted a move up to this level at the top of previous structure and price has now finally hit this level.
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Happy Trading all!