The daily chart shows a nice bullish trend on the daily chart. A minor retracement has occurred at the cycle highs, although Thursday's bullish hammer found support at the 100-day EMA, 38.2% Fibonacci level and prior swing high. RSI (2) is confirming the trend and RSI (14) is above 50 to show bullish momentum of the past three weeks. Given the bullish trend...
Lat week we saw USD/CHF pull back from the 0.8800 area, after its rally stalled around 0.8800, the 50-day EMA and failed to rest the May low. Prices have drifted higher during Monday's Asian session, but seemingly hesitant to break above the 2021 low. The bias remains bearish beneath last week's high and for a move to 0.8600. Who knows, if US CPI comes in soft...
Shout out to @Oktane for this pair 😂 SLO @ 0.7750 ⏳ TP1 @ 0.7415 (shaving 25%) TP2 @ 0.7100 (shaving 25%) TP3 @ 0.6850 (shaving 25%) TP4 @ 0.6633 (closing ALL Sell Orders) ADDITIONAL INFO: 00:00 The Easiest Trend Ever 00:32 Curve Analysis 00:55 Only Short Opportunities 04:47 Extreme SLO 05:27 Shaving 25%, then closing @ TP3 06:00 A Possible Buy...
-SL @ 153.96 🚫 SLO @ 153.50 ⏳ SSO @ 149.06.00 ⏳👈🏾 TP1 @ 146.25 (shaving 25%) TP2 @ 124.66 (shaving 25%) TP3 @ 111.50 (shaving 25%) TP4 @ 97.00 (shaving 25%) TP5 @ 79.00 (closing ALL Sell Orders) BLO @ 63.82 (15H) ⏳👈🏾 ADDITIONAL INFO: ✍️ ADDED SSO
OANDA:AUDCHF Sure, why not trade something I don't normally look at. I have to start with this pair at some point. After a couple of close TP misses prior/during the recent Asian session, took a short on the Aussie Swissy heading into a round number before NYSE open. After the opening bell, it slowly chopped and hit my hard 10pip TP, right before the small...
In this update we review the recent price action in the USDCHF and identify the next high probability trading opportunity and price objectives to target
The yen began to correct against its sustained weakness in September, when the MOF (Ministry of Finance) intervened in the currency markets to strengthen the yen. That helped CHF/JPY spent the next three or so months pull back from its highs and retrace against its bullish trend. However, the end of the correction may have been seen around 137, as momentum turned...
View On USD/CHF (7 Feb 2023) We are seeing some attempt (attempts) from the USD BULLISH camp recently and they are using 0.905~0.91 as strong support region. If the bullish attempt is an success, we may see some strong UPward move later. 0.955~0.96 will be pretty attainable. Anticipate, Participate and Manage Sonic DYODD, Our trade analysis may not...
View On USD/CHF (21 Nov 2022) We have a strong sell down on USDCHF last 2 weeks ago and it went lower the previous swing of 0.94 (of 12 Aug 2022) That move shall trigger a lot of buyers' SL and bagged in a lot of new short positions. Now, they are trying to reverse it up and likely to retest higher. I reckon 0.965 to 0.97 shall be easily...
Technical & Trade View USDCHF Trade View Bias: Bullish Above Bearish below .9660 Technicals Primary resistance is .9660 watch for bearish reversal patterns here Primary pattern objective is .9300 Acceptance below .9440 next pattern confirmation Acceptance above .9700 opens a test of .9840 20 Day VWAP bearish , 5 Day VWAP bullish Options Expiries for today’s New...
Technical & Trade View GBPCHF Bias: Bullish Above Bearish below 1.1375 Option Expiry: Technicals Primary support is at 1.1413 Primary pattern objective is 1.2027 Acceptance above 1.16 next pattern confirmation Failure below 1.1350 opens a test of 1.1275 20 Day VWAP bullish, 5 Day VWAP bearish
Technical & Trade View EURCHF Bias: Bullish Above Bearish below .9800 Option Expiry: 0.9825 (666M) Technicals Primary support is at .9850/30 Primary pattern objective is 1.0039 Acceptance above .9950 next pattern confirmation Failure below .9800 opens a test of .9740 20 Day VWAP bullish, 5 Day VWAP bearish
In this update we review the recent price action in the USDCHF and identify the next high probability trading opportunity and price objectives to target
The SNB (Swiss National Bank) are expected to hike interest rates tomorrow, which would send their rate above zero for the first time since 2011. The central bank entered ZIRP (zero interest rate policy) between 2011 – 2015 before switching to NIRP (negative interest rate policy) with a rate of -0.75%, where it remained until June this year. And with seemingly...
A bullish opportunity recently presented itself on the aussie-swissy trading chart. This follows from the bullish engulfing candlestick pattern which printed just above the 0.64000 psychological level, indicating a rejection of the level. A stop loss below the same psychological level and a profit target anywhere between your entry and the swing high of 0.67512...
EURCHF - Intraday - We look to Sell at 0.9943 (stop at 0.9964) Our short term bias remains negative. 20 4hour EMA is at 0.9935. 0.9945 has been pivotal. Previous support at 0.9945 now becomes resistance. Our profit targets will be 0.9888 and 0.9878 Resistance: 0.9900 / 0.9920 / 0.9945 Support: 0.9870 / 0.9850 / 0.9830 Risk Disclaimer The trade ideas...
A 'buy' opportunity has just presented itself on the loonie-swissy trading chart. This is occasioned by the bullish harami candlestick pattern which closes just above the 0.74593 horizontal support level, which signals a fakeout and suggests an upward price movement. You can still enter this trade by setting your stop slightly below the level mentioned earlier...
View On USD/CHF (09 June 2021) USDCHF is on the rise again and this time, it is going to continue UP higher. It shall eventually break up and shall hit the recent high of 1 and beyond. You know what to do and let's try our best. DYODD, Our trade analysis may not suitable to intraday (or) short time frame trading. Whatever method you use if you do not...