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...
- $USD/CHF has been trading inside a range bound from basically since 2012. Past two months, price action came very close to testing the Lows of printed on January 2021 at 0.87576$ At the current Monthly Candlestick, Price its breaking out from a Falling Wedge (bullish pattern). Its measured move would put $USD/CHF at 0.97$ There sits a great opportunity to Buy...
USDCHF is approaching the bottom of the year long Channel Down after an aggressive rejection on the MA100 (1d). The RSI (1d) is extremly oversold, close to 20.00. Trading Plan: 1. Buy on the current market price. Targets: 1. 0.88000 (expected contact with the MA50 1d near the top of the Channel Down). Tips: 1. The RSI (1d) gets rejected above its MA level and...
Hi folks today I'm prepared for you Swiss Franc analytics. A few days ago price bounced from resistance 2 and rose to the trend line and even broke it. But then the Swiss Franc started to decline and firstly it fell to the resistance zone, which coincide with resistance 2 and after some trading there, it broke this level and continue to fall near the trend line to...
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,...
AUDCHF has recently broken and closed below a major rising trend line. We see its retest today. The price formed a descending triangle formation on that. The neckline of the pattern was broken. It is an important indication of the strength of the sellers. I expect a bearish continuation now. Goal - 0.5872 ❤️Please, support my work with like, thank you!❤️
Dollar index show rise in currencies like swiss franc. Every bull run in gold and silver has been linked with a rise in swiss franc since they used to have large gold holding. If dollar persists lower and sticky inflation and sticky rates, does that mean that the market is pricing in more debt and money printing? Is the break out in swiss franc marking a green...
CADCHF is under a strong bearish pressure. The market broke and closed below a solid, wide horizontal demand zone yesterday. The broken structure turned in a strong resistance. The pair will most likely keep falling lower. Next goal - 0.65 ❤️Please, support my work with like, thank you!❤️
AUDCHF is on the decline after the price got rejected on the 1day MA50 last week. The long term Channel Down pattern has considerable downside potential as each Lower Low leg has so far been at least -11%. Sell on the current price and target 0.55000 (another -11% decline) at the bottom of the Channel Down. Follow us, like the idea and leave a comment below!!