After a test of an important intraday demand zone, USDCHF broke a resistance line of an expanding wedge pattern on a 4H time frame. A cup & handle pattern was formed then. The neckline of the pattern was broken during the middle of NY session yesterday. These 2 strong bullish confirmations make me think that the pair will go higher. Next resistance: 0.9068 ...
Hello Traders ! On Friday 20 Oct, The AUDCHF Price Reached A Support Level (0.56345 - 0.56070). The Resistance Level (0.58100 - 0.58332) is Broken and Becomes a New Support Level. The Resistance Line Line is Broken. So, I Expect a Bullish Move 📈. i'm waiting for retest... ----------- TARGET: 0.58790🎯
NZDCHF is trading inside a multi year Channel Down, evident on the 1W technical outlook, which is neutral (RSI = 47.618, MACD = -0.007, ADX = 23.111), despite the pause to the downtrend since August 17th. The 1D MA200 holds as an unbroken Resistance since January 31st. Based on the 1D MACD, the current pattern mimics May - June 2023 and is on the 0.618 Fibonacci...
Hi Traders ! On The Daily Time Frame, The NZDCHF Price Reached A Support Level (0.51902 - 0.52084). Currently: -The Resistance Level (0.53330 - 0.53574) is Broken and Becomes a New Support Level. So, I Expect a Bullish Move 📈. i'm waiting for retest... ----------- TARGET: 0.54075🎯
The CHFJPY pair is trading within a Bullish Megaphone for almost 4 months (since July 12) and is on a rebound on the 1D MA50 (blue trend-line). Technically it priced the Higher High of the Megaphone 2 weeks ago so this should be the bearish leg towards its bottom (Higher Lows trend-line). Especially since the 1D MA100 (green trend-line) broke last month for the...
As We Talked in The Previous Analysis: On Thursday 19 Oct, The CADCHF Price Reached a Support Level (0.64800 - 0.64950) The Price Created a Rectangular Range. The Upper Resistance is Broken. Currently, The Price Created a Correction and Touched The Support Level! and Now it Will Continue its Bullish Movement ! ----------- TARGET: 0.65980🎯
Hi Traders ! On Thursday 19 Oct, The CADCHF Price Reached a Support Level (0.64800 - 0.64950) Currently, The Price Created a Rectangular Range. The Upper Resistance is Broken. So, I Expect a Bullish Move📈 i'm waiting for retest... ----------- TARGET: 0.65980🎯
More than a month ago (September 19) we gave a short-term buy signal on the EURCHF pair (see chart below) that quickly hit its target: The price is now ranged within the 1D MA50 (blue trend-line) and the 1D MA100 (green trend-line) near not only the top of the 10-month Channel Down but also the Lower Highs trend-line from September 20 2021. The MACD is on a...
Hello Traders ! On 4H Time Frame, The NZDCHF Price Reached a Support Level (0.51902 - 0.52084) Currently, The Price Formed a Double Bottom Pattern. The Neckline is Broken. So, I Expect a Bullish Move📈 i'm waiting for retest... ----------- TARGET: 0.53330🎯 ___________ if you agree with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Hello Traders ! On Friday 20 October, The AUDCHF Price Reached A Daily Support Level (0.56345 - 0.56070). Currently, The Price Failed To Create a New Lower Low. The Last Lower High is Broken (Change of Character). So, I Expect a Bullish Move📈 i'm waiting for retest... ----------- TARGET: 0.58100🎯
Pair : USDCHF ( U.S Dollar / Swiss French ) Description : Completed " 12345 " Impulsive Wave and Formed " Double Top " as an Corrective Pattern for Trend Reversal and it has Completed " A " Corrective Wave. It is Rejecting from S / R Level and Fibonacci Level 50.00% to complete its " B " Corrective Wave Entry Precaution : Wait until it Complete " b " Corrective...
Investor flight to safety might provide a favorable outlook for the Swiss franc this week. Swiss franc against the USD and GBP might be the most interesting considering the Fed and the Bank of England (BoE) hold their policy meetings this week, where they are both expected to keep rates exactly where they are. These pauses by the Fed and BoE might contrast too...
CADCHF has held trading over the six month S1 Zone for the eight straight session. Obviously this turned the 4H timeframe (and below) neutral (RSI = 52.551, MACD = 0.000, ADX = 32.796), which makes for a solid bottom formation. On a wider look it appears that the original Channel Down transitioned into a Rectangle of a R1 and S1 Zone. The 1D MACD Bullish Cross...
After a very poor performance last week, the Kiwi dollar is expected to rise again. We enter this trade already and it's running in profit so far. Check the link below so you don't miss any trades
The pair jut landed on a strong support zone. I just opened a long position, I know there is no price action yet but I prefer to deal with a tight SL, also It could shoot up overnight while I'm sleeping :D. On the other side, the Dollar looks strong among other pairs.
Audchf is expected to sell to 0.56140 after a retest to 50EMA
We can see a bullish classic divergence at the end of last bearish leg , so we can consider a positive or bullish retracement on 4H Chart 🧣😍😶🌫️🥳
Starting with the pair which makes no sense at current levels, considering the most meager of rate differentials at +2.5% , were it not for the SNB's deranged policy of "supporting the Swiss Franc as an inflation fighting measure" (while Swiss inflation is barely holding at 2%!) and with the Swiss Franc already at nose-bleed levels. CHFJYP; a 50 year SHORT in...