The USDCHF pair is seeing a dramatic price surge in September.
The pattern post late 2022 is basically very similar to the previous Bear Cycle of 2019-2020.
The bottom fractals in particular seem identical and the price is approaching the 0.5 Fibonacci rejection level.
Trading Plan:
1. Sell on the current market price and another on the 0.5 Fibonacci...
Hello Traders!
On Tuesday 21, The USDCHF Broke a Daily Resistance Level (0.90887-0.91476)
Currently, This Resistance Level Becomes New Support Level.
So, I Expect a Bullish Move📈
i'm waiting for retest...
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TARGET: 0.92550🎯
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Hello Traders!
On The Daily Time Frame, The CHFJPY Price Formed a Double Top Pattern.
The Neckline is Broken.
So, I Expect a Bearish Move📉
i'm waiting for retest...
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TARGET: 162.500🎯
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USD/CHF pair short after a long downtrend we are seeing a nice impulse on this pair and other USD related pairs. I am currently expecting a correction.
CHFJPY formed an important high momentum bearish candle last week.
With one single candle, the pair violated a lower boundary of a horizontal range,
and the market also closed below a major rising trend line.
It makes me think that the pair may go lower.
Goals: 162.42 / 160.8
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Hello traders, I want share with you my opinion about Swiss Franc. Looking at the chart, we can see how the price a few times ago traded inside the range near the bottom part, which coincides with the 0.8755 - 0.8780 buyer zone. Later price rebounded up to the 0.8870 support level, but at once bounced down and fell back to the buyer zone. After this movement, the...
This inverse Head and shoulders has produced fantastic gains already
What suggests that final target will be met
is that Yen vs other crosses is still yet trigger their respective necklines!
I assume more madness to come from the #BOJ in the next Financial Panic.
Like the Bank of England another Island nation probably first to embark on a new wave of...
Expecting the recent retracement to continue at least to 0.586 support, just crossing the mid point of my descending channel.
Overall I'm still bearish on this pair (just), I am expecting the reversal at some point soon, either from here, or around the ATL marked on the chart.
I see AUD gaining in strength as China wakes up. There's a big interest rate decision...
Here is my latest structure analysis for USDCHF.
Resistance 1: 0.910 - 0.915 area
Support 1: 0.899 - 0.902 area
Support 2: 0.893 - 0.895 area
Support 3: 0.886 - 0.888 area
Support 4: 0.874 - 0.878 area
Support 5: 0.869 - 0.873 area
Support 6: 0.855 - 0.858 area
Consider these structures for pullback/breakout trading.
❤️Please, support my work with like,...
Hello Traders!
The AUDCHF Reached a Monthly Support Level !
Currently, The Price Failed To Create a New Lower Low📉
The Resistance Line of The Descending Channel is Broken🔥
So, I Expect a Bullish Move📈
i'm waiting for a retest...
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TARGET 1: 0.57660🎯
TARGET 2: 0.58500🎯
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The CHFJPY pair is trading above the 1D MA50, holding it tightly for the past 10 days. Technically that is the long-term Support trend-line since March 29, while the long-term pattern has been a Channel Up.
As long as the price is trading above the 1D MA50, we are bullish, targeting 171.000 (+8.00% increase). If the price breaks below the bottom (Higher Lows...
USDCHF has been rising non-stp since the July 18th bottom on 0.85555 (S1). The 1D outlook is on straight bullish technicals (RSI = 61.656, MACD = 0.005, ADX = 40.729) and as the 1D MA50 has been turned into Support, we expect the rally to peak within the 1D MA200 and the inside LH trendline. That would be as close to the top of the twelve month Channel Down as...
Hello Traders!
On The Daily Time Frame, The CADCHF Broke a Strong Resistance Level (0.66040-0.66186)
Currently, This Resistance Level Becomes New Support Level.
So, I Expect a Bullish Move📈
i'm waiting for retest...
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TARGET: 0.66850🎯
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The EURCHF pair broke above the 1D MA50 (blue trend-line) and closed yesterday's 1D candle exactly on it. This is the first bullish signal we encounter since the June 12 1D MA50 break-out. The long-term pattern is a Channel Down but since July 27, the price has been holding the 0.952250 level (Support 1) as well as the 0.96510 (Resistance 1).
As a result, we have...
Hi guys, this is my overview for USDCHF, feel free to check it and write your feedback in comments👊
Some days ago price entered to rising channel, in which it firtsly fell to support line, breaking $0.8795 level.
But soon, price bounced and made strong upward impulse to resistance line of channel, breaking two resistance levels.
After this, Swiss Franc...
Downtrend channel was broken up. Price is testing the new support. Good time to open a long position. SL below the previous green candle, triggers if a red daily candle closes under it.
On the other hand we have a rounding bottom, not a big one but was enough to break out the channel.
Hello Traders!
The USDCHF Reached a Monthly Support Level !
Currently, The Price Broke The Key Level (0.88202-0.88440) .
The Resistance Line is Broken🔥
So, I Expect a Bullish Move📈
i'm waiting for retest...
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TARGET: 0.89590🎯
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