Not financial advice. I am expecting the swissy to have a little melt this morning :)
Swiss Franc long term chart suggesting a major top
$CHF - It's brewing! I adore trades like this, it's brewing and waiting for break out! TJ
The USDCHF can be relatively slow-moving compared to other major forex pairs. However, we have seen some significant moves since March this year. In fact, the most recent April monthly candle was the largest bodied candle in almost seven years. Albeit April’s candle moved in the USD’s favour rather than the francs. In April, The USDCHF opened at 0.922 and closed...
The AUDCHF currency pair recently rejected the 0.70766 daily horizontal resistance level (according to the bearish harami candlestick pattern below the level), thereby presenting a 'sell' opportunity. A reward-to-risk ratio of 4.97 is possible as follows: Entry Price: 0.70437. Stop Price: 0.70806 (36.9 PIPS). Target Price: 0.68603 (183.4 PIPS).
There's a "buy" opportunity as recently shown by the bullish harami candlestick pattern on the 1.21017 daily horizontal support level which signals a fakeout. Your stop could be at the 1.20512 price level and target at 1.23077 to give a 3.08 reward-to-risk ratio.
Always remember to manage your risk. Note: DXY has rejected nicely from supply zone according to the our prediction, and it could be another confirmation for this trade.
Up or Down I don't really know. Personally I think up. But technically looks like H&S. We must wait and see.
A symmetrical triangle pattern has formed on the weekly chart of the USD/CHF currency pair. This long-term formation offers an opportunity to go short in case of a bearish breakout. The triangle's borders are marked with the yellow lines. The potential entry level is shown with the cyan line. The potential take-profit level is where the green line is. The...
The strength of the dollar may wreck the franc. I think it might correct heavily against both the dollar and the yen. While this was not as per my expectations, it seems like price action has its own plan. What interesting times we live in.
Hey if you can get a price at the top of this candle look for a short. Could turn into a daily short here. Stay tuned.
Hey its a few hours late on this one but if you can get a price around 0.92630-40 area you might get a nice short opportunity here for a day trade.
USD/CHF is trending to the upside prior to the USD Initial Jobless Claims data, which measures the number of people applying for unemployment benefits for the first time. Technically the pair is holding 50 moving average and structure support, and we're looking for continued upside into the 0.9350 level.
USD/CHF has traded to structure support prior to the USD NY Empire State Manufacturing data, which gauges business conditions for New York manufacturers. Generally speaking, a positive result indicates bullish for US Dollar, while a negative result shows poor growth of US Dollar. Technically the pair traded above the moving average ribbon, which is now dynamic...
Price has made a bounce from trendline support, however has moved back to the downside from moving average resistances. If price is able to break below the support trendline we may see a continued push below the 0.900 level. We anticipate that this trendline support will break, as long term the USDCHF is in a bearish structure and has been correcting for a...
USDCHF has traded into the fibonacci golden pocket resistance zone prior to the USD 3 Month Bill auction, which reveals the yields on the US Government backed security. Technically the pair is trading in the fibo golden pocket, and the RSI has recently given an overextened signal. We are also seeing bearish divergence form on the USDCHF 1h RSI, another bearish indicator.
USDCHF is trending to the downside proir to the USD Continuing Jobless claims, which measure the number of people applying for jobless claims on an ongoing basis. Technically the pair has broken the ascending trendline and we are anticipating downside into the 161.8% fibo extension.
Price has formed a head and shoulders pattern, and has retested the neckline as resistance. The RSI has broken below the 50% level, and we anticipate a bearish move to continue. On the 1H chart price is clearly cycling to the downside, and we are looking for the -61.8% fibo to be hit. Recent highs are our violation level.