EURCHF is trading in a long-term bearish trend. After a consolidation, the price violated a key horizontal support and closed below that. The broken structure and a major falling trend line now compose the contracting zone of supply. I will expect a bearish movement from that at least to 0.953 support. ❤️Please, support my work with like, thank you!❤️
The CHFJPY pair has been on a very strong and steady rise, supported by the 1D MA50 (blue trend-line) since the March 29 break-out. Our last signal was on April 28 (see chart below): The situation hasn't changed and the trend remains bullish, aiming at a +8.00% extension. Our target is 171.000. If however the pair breaks below the 1D MA50, we will close it...
CADCHF is testing a key daily structure support. The price formed a double bottom on that on 1H time frame. The neckline of the pattern is now broken. It signifies a local change of character from bearish to bullish and a highly probable pullback. Goals: 0.6502 / 0.6707 ❤️Please, support my work with like, thank you!❤️
Hi folks today I'm prepared for you Swiss Franc analytics. Recently price bounced from the 0.8785 support level to the 0.8600 level, which coincides with the support zone. After this price some time traded in the support zone and later it bounced up to 0.8700 point, but soon fell back to the trend line. Then the Swiss Franc rebounded and made a strong impulse up...
The EURCHF pair eventually hit our 0.95555 bearish target as set by our sell signal in June (see chart below): The price is now past a 1D MACD Bullish Cross and on the bullish wave of the 7 month Channel Down. We therefore go long again targeting Resistance 1 at 0.96510 on the short-term and if a 1D candle closes above it, we will extend it towards the 1D...
With the dollar moving higher, watch Swissy. The bears got rejected each time after a spike for a few pips, below important swing support. A drop was also in three waves from the recent highs so I think more upside is coming. GH
CHFJPY is trading a long-term bullish trend. After the price set a new high in July, it started a correctional movement. A cup & handle pattern was formed. CPI report was a trigger for the buyers to violate the neckline of the pattern. Daily candle closed above that. It signifies that bullish trend will continue. The market will most likely keep growing. Next...
Hello traders, I want share with you my opinion about Swiss Franc. Observing the chart, we can see that the price a few moments ago price traded inside a big range, in which it reached the top part of the range, bounced down, and started to decline. Price declined to the 0.8950 - 0.8900 resistance area, but soon rebounded back and some time traded near the 0.8950...
Hi Traders👋🏻 The USDCHF Price Reached A Weekly Resistance Level ! Currently, The Price Formed a Head and Shoulders Pattern📉 The Neckline is Broken🔥 So, I Expect a Bearish Move📉 i'm waiting for a retest... ----------- TARGET: 0.85700🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Hello Traders! On The Daily Time Frame, The AUDCHF Price Formed a Head and Shoulders Pattern📉 The Neckline is Broken 🔥 So, I Expect a Bearish Move📉 i'm waiting for a retest... ----------- TARGET: 0.57360🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
The USDCHF pair made a strong rejection near the top of the Channel Down pattern and hit our 0.88250 sell target as illustrated on our analysis 2 months ago (see chart below): The price is now rising again, after nearly the -0.5 Fibonacci extension for a Lower Low (same as the May 04 Lower Low). The most optimal sell entry is within the 1D MA50 (blue...
GBPCHF formed an ascending triangle formation on a daily time frame. Its neckline was broken on Friday and the market closed above that. I will expect a bullish continuation on the pair. Next resistance - 1.1225 ❤️Please, support my work with like, thank you!❤️
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.
Hi guys, this is my overview for USDCHF, feel free to check it and write your feedback in comments👊 After bouncing from $0.8825 point it started to decline near resistance line and firstly price fell to resistance area, which coincided with $0.8700 level. After this price broke $0.8700 level and entered to flat, where it declined to $0.8565 support level,...
Look at that perfect bullish breakout. The pair broke a strong resistance. I suggest buying after the market opening. Target - 1.2275 Stop - 1.112 Please, support my work with like!
AUDCHF is trading inside a Channel Down pattern for more than one year with the 1D timeframe bearish (RSI = 38.270, MACD = -0.004, ADX = 43.501) as the price is under its middle and the 1D MA50. The 1D MA200 is located exactly on its top. The 1D MACD is in the process of completing a Bullish Cross, which has been a strong buy signal inside this pattern. Even...
GBPCHF is testing a strong horizontal resistance. Here are multiple bearish clues that I spotted after the test of the underlined area: the market was rejected heavily, forming a sequence of rejection candles, the price formed a head and shoulders pattern and broke its horizontal neckline, the pair violated a support line of an expanding wedge pattern. I...
Hello traders, I want share with you my opinion about Swiss Franc. Observing the chart, we can see how the price a few days ago rose inside the upward channel, in which it broke 0.8910 resistance level with the resistance area. But later, after the price reached the resistance line of the channel, it bounced and made little correction, exiting from the upward...