This week, the focus of many traders will be on US inflation data, which will provide valuable insights into the Federal Reserve's monetary policy outlook. The forecasts indicate a potential 0.2% increase in both headline inflation for December and the core rate. On an annual basis, the headline inflation rate is anticipated to rebound to 3.2% from November's...
GBPCHF is projected to reach 1.06913 as we can spot a bearish continuation pattern, so we expect price to break that support zone, retest it and sell to 1.06913.
The AUDCHF pair is trading within a Triangle pattern since August with the 1D MA200 (orange trend-line) acting as the Resistance, having consecutive near rejections in December. If that breaks, we expect an aggressive bullish run towards Resistance 2, despite the presence of Resistance (0.952625). In that case, we will buy the break-out and target 0.61500 (just...
Hello traders, I want share with you my opinion about Swiss Franc. By observing the chart, we can see that the price a few days ago and started to trades in the range, where it first declined to the 0.8910 resistance level, which coincided with the seller zone and the bottom part of the range. After this, CHF rebounded from this level to top part of the range, but...
✅NZD_CHF went down and Up sharply and is now retesting A horizontal resistance level Of 0.535 from where I think We will see a local move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hello Traders ! On The Daily Time Frame, The CHFJPY Price Reached a Support Level (162.202 - 161.259) The Price Formed a Double Bottom Pattern. Currently, The Neckline is Broken. So, I Expect a Bullish Move📈. Let's Wait for Retest... --------- TARGET: 169.200🎯
USDCHF is going lower. Ahead, I see an important zone of confluence. Analyzing a weekly time frame we see a horizontal support around 0.835 level based on the 8 years low. The underlined green structure matches perfectly with a completion point of a harmonic abcd pattern. I believe we're going to see a pullback soon. Watch lower time frames and look for a...
Hi folks today I'm prepared for you Swiss Franc analytics. A not long time ago price rebounded from resistance 2, which coincided with the resistance zone and tried to rise, but CHF failed and in a short time declined back. After this, the price broke resistance 2 and continued to decline inside the downward channel, where it later fell to resistance 1, which...
There is an active position set at strike 1.145 for the second day in a row. The portfolio consists of naked puts, and the volume for the current contract is already significant. The synthetic formula enables the owner to take a long position with zero risk when the price reaches the specified strike. !!!!!We consider this level a strong support level when...
The CHFJPY pair hit our 169.100 bullish target, after the 1D MA50 (blue trend-line) held, as presented on our November 06 call (see chart below): The current Bullish Megaphone that it has been trading in, has been very consistent. The recent Higher Low was made on the 0.786 Fibonacci retracement level such as the October 03. That was the first buy signal but...
Hello traders, I want share with you my opinion about Swiss Franc. Looking at the chart, we can see how the price a few days ago rebounded from the seller zone, which coincided with the 0.8760 resistance level and declined until the support level. After this, the price rebounded and started to rise in an upward channel, where it rose to the resistance line,...
Looking ahead to the upcoming week, our strategic focus centers on EURCHF, as we actively evaluate a potential buying opportunity within the 0.94600 zone. The technical analysis reveals that EURCHF has been consistently advancing in an uptrend, showcasing a noteworthy upward trajectory. Currently, the currency pair is in the midst of a correction phase, steadily...
Another double top, looks like is going down. SL if a daily candle closes above the trendline. The GBP is struggling across the board.
Pair is accumulating over and important support (blue line) and forming an inverse HS. I just opened a long position, If it pulls back I'll add. I wants to break out, is just a matter of time.
The EURCHF pair stayed within the long-term Channel Down, got rejected on its top after our November 02 sell call (see chart below) and effectively hit our 0.941850 target: Despite having more downside to drop it below Support 2, we expect a medium-term rebound as the 1D MACD is very close to posting a Bullish Cross, which within this Channel Down has been a...
Update for GBPCHF. We spotted a confirmed bearish breakout of a support of a horizontal range on a daily. After a deep retest of a broken structure, we see a strong bearish reaction. The fall will most likely continue, at least to 1.094 ❤️Please, support my work with like, thank you!❤️
✅CAD_CHF is going up to retest a horizontal resistance of 0.650 Which makes me locally bearish biased And I think that we will see a pullback And a move down from the level Towards the target below at 0.645 SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
USDCHF is technically bearish on the 1D outlook (RSI = 38.319, MACD = -0.005, ADX = 47.617) and the long term pattern remains a Channel Down but the 1D MACD has formed a Bullish Cross. Since August 2022, 3 out of 4 such formations under 0.000 have initiated strong rises. Consequently, at least on the medium term, we regard this formation more dominant than the...