Hi folks today I'm prepared for you Swiss Franc analytics. A few moments ago price declined to the resistance level, which coincided with the resistance zone, and at once bounced up and some time traded near. But soon, CHF started to decline and in a short time price fell until to trend line, thereby breaking 0.8695 and 0.8465 levels. After this, the price...
USD/CHF could fall towards an overlap support and potentially bounce off this level to climb higher. Buy entry is at 0.86303 which is an overlap support. Stop loss is at 0.85800 which is a level that sits under an overlap support and the 23.6% Fibonacci retracement level. Take profit is between 0.87150 and 0.87307 which is an overlap resistance that aligns...
Hello Traders ! After a Huge Bearish Move, The EURCHF Price Formed a Symmetrical Triangle Pattern. The Resistance Line is Broken. So, I Expect a Bullish Move📈. ----------- TARGET: 0.94140🎯
As we know. The rich get richer. The poor get poorer. Well a rich and sustainable economy like Switzerland (one of the most expensive countries to live) is showing major strength for the Swiss Franc. We are seeing a Cup and Handle form. The price broke above the brim level, came back down and jumped up. This conservative entry is where all the demand and...
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 made strong downward impulse from resistance area, which coincided with $0.8550 level. CHF declined even support level to support line, and at once bounced back, but soon repeated this movement again. Then price finally broke $0.8420...
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.