The market of USDCHF will remain bearish. The market of USDCHF will be bearish till it will below the trendline. Every rejection from trendline will be the best opportunity to sell it.
Yesterday NFP news was come in the favor of USD, but market react against the news. This is making sense that USD has no power and by this USDCHF seems more bearish.
USDCHF has been trading inside a rectangle for years now ! just recently price retested the upper limit of the rectangle pattern and got pushed down vigorously ! I believe that this time around , price would be able to break through the support of 0.95500 and push down all the way to 0.94740 ! my final Target for now is 0.94740 !!
Bearish on the pair but always wait for a confirmation before entering a trade. This is an analysis and projection - not a signal.
I believe the trend will soon change.. But I don't see it in the coming days.
1. Price held resisted at the 0.9795 mark. Every time price approached this resistance level, you saw a strong bearish reaction each time.
2. Depending on how you draw the trendline, you'll have differing views on whether this wedge consolidation has been broken.
3. I do not like to trade off of trend lines as I like to look at horizontal levels where price has...
As previously highlighted, we saw a potential bearish move on this pair. During the past week, USDCHF began to push lower and it is currently at a point of support where we may see price retrace to gain some momentum before prices continues to to push lower to our TP and to another strong point of support which is at the trendline.
Entry - Grey line
Stop loss-...
am pretty happy with the outcome of my last analysis on this pair. please see below. i am expecting a reversal before the bulls come back in.
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Technical entry signal short on 07/25 @0.99068. Entry trigger @0.98768. Price is currently sitting on support around the 0.98750 level, but has penetrated the bottom of the triangle.
Criteria: I entered this trade early, probably too early, today @0.98723. I would like to see price action close below 0.98765 and the 9 period EMA below both the 14 and 40....
USDCHF is showing a nice selling opportunity on the dialy time frame. It has broken a support and is now heading towards the lower range. Chances of this lower range to break are high because Stoch shows a fresh bearish cross over and on the ADX indicator you see the red line (bearish trend) is about the take over the green line! So this has a chance to be a great...
