EURCHF got rejected this week not just at the top of the 2023 Channel Down but also on the MA200 (1d). A candle closing under the MA50 (1d) can be a confirmation for a long term sell opportunity. Trading Plan: 1. Sell after the price closes a (1d) candle under the MA50. Targets: 1. 2.000 (Rising Support). 2. 3.000 (Resistance 2). Tips: 1. The RSI (1d) broke...
Adam Cole, Chief Currency Strategist at RBC Capital Markets, has highlighted recent policy shifts from the Swiss National Bank (SNB), the persistent threat of imported inflation, and increasing levels of verbal intervention in Japan. "While the Swiss National Bank (SNB) may have let down some investors with a 25bp rate hike last week when many were hoping for a...
Hi guys, this is my overview for USDCHF, feel free to check it and write your feedback in comments👊 A not long time ago price bounced from $0.9000 level, which coincide with resistance area to next area. After this, Swiss Franc declined and a few time traded between two levels and areas. Then price made correction below $0.9000 level and soon bounced up to...
It was a long hold since April. The interest expense daily, added up and the profits weren't as high as I wanted it to. But we kept to our guns and held. And so, target 1 hit at 160.79. Now we can expect the price to consolidate and move into a range before the next run up, but you'll be the first to know.
GBPCHF has managed to form a Descending Triangle Pattern on the daily time frame. After GBPCHF managed to break the 200-SMA , it was expected that the upper line of the descending triangle would break, and it did. GBPCHF is completing a pullback to the upper line of the descending triangle , and I expect GBPCHF to start growing near the uptrend line ...
EURCHF managed to form a Falling Wedge pattern near the 🟢heavy support zone🟢. I expect EURCHF to grow up to at least the downtrend line after breaking the upper line of the falling wedge pattern. 🔅Euro/Swiss Franc Analyze (EURCHF), 4-hour time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your...
Hey Traders👋🏻 The USDCHF Price Reached A Support Level (0.89410-0.89806) ! Currently, The Price Broke This Key Level (Support Level Becomes New Resistance Level) Moreover, The Price Broke The Support Line 📈 So, I Expect a Bearish Move📉 i'm waiting for a retest... ----------- TARGET: 0.88475🎯 ___________ if you agreed with this IDEA, please leave a LIKE,...
Hello traders, I want share with you my opinion about Swiss Franc. Observing the chart, we can see how the price bounced up from support line and start to move up. When price rising to the seller zone, it broke two levels - 0.8900 and 0.9000, but after the Swiss Franc reached seller zone, it bounced down and started to decline. Also later price broke support line...
Hello Traders👋🏻 On The Daily Time Frame The EURCHF Price Reached a Strong Support Level (0.96771-0.964384)✔ The Price Reject to Break This Key Level and Create a new Lower Low 📉 Currently, EURCHF Formed a Triple Bottom Pattern📈 Moreover, The Neckline is Broken🔥 So, I Expect a Bullish Move📈 i'm waiting for a Retest... ----------- TARGET: 0.98590🎯 ___________ if you...
CADCHF is approaching the top of the Channel Down pattern since May 2022, which is a little lower than the 1D MA200. The 1D technicals have turned green (RSI = 58.741, MACD = 0.003, ADX = 49.805), which indicates that we are entering the long term sell zone. The ideal sell confirmation will be after the 1D MACD makes a Bearish Cross. We will after the Cross is...
US dollar vs swiss franc the pair has pulled over to the H1 resistance zone and on this level it has shown a rejection with an inverted hammer through which it looks like bulls have losen up some control but also am watching this zone as retailers will be misguided here with a buy trade setup as the pair is moving in a channel formation so its possible that pair...
EURCHF is on its 1day MA50, trading inside a Channel Down pattern. That is a Lower High with a maximum extension going as high as the 1day MA200. Sell now and target 0.95500. If you take the additional sell on the 1day MA200, target Support A at 0.964500. Follow us, like the idea and leave a comment below!!
Hi folks today I'm prepared for you Swiss Franc analytics. After price declined to support area, thereby breaking support level, it in a short time bounced up. Then Swiss Franc made correction lower support area, but at once price started to rise, forming Elliott Waves. Price rose to mark 0.8985 (1 wave), breaking 0.8925 level again and then it made correction to...
AUDCHF is trading inside a Channel Down pattern for over 1 year but the 1D time frame is technicalls bullish (RSI = 68.224, MACD = 0.004, ADX = 39.835). The reason is that since May 1st, the Channel Down is having its bullish leg for the new LH (Lower High). The previous two LH were formed on the 1D MA200. As the RSI is about to cross into the overbought...
Traders, I see a classic Wyckoff accumulation pattern on a daily time frame on EURCHF. After a strong bearish wave, the market started to trade within a horizontal trading range. Even though, the price set a new low, consolidating, the market managed to return to the upper boundary of the range. Yesterday, a high momentum bullish candle was formed. The market...
Hello Traders👋🏻 On The Daily Time Frame The AUDCHF Price Broke The Resistance Level (0.60648-0.60276)✔ Currently, The Resistance Level Becomes New Support Level📈 So, I Expect a Bullish Move📈 i'm waiting for a retest.... ----------- TARGET: 0.61855🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Hello,Traders! USD-CHF is making a Pullback to retest the Resistance cluster of the Rising and horizontal Resistance levels at around 0.905 area from where I believe we will see A bearish move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hey Traders👋🏻 The USDCHF Price Reached A Support Level (0.90568-0.90350) ! Currently, The Price Broke This Key Level (Support Level Becomes New Resistance Level) Moreover, The Price Broke The Support Line 📈 So, I Expect a Bearish Move📉 i'm waiting for a retest... ----------- TARGET: 0.89806🎯 ___________ if you agreed with this IDEA, please leave a LIKE,...