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This pair is following suit so far since I first analysed. Let's now see a pullback and a strong downside push to 0.98700 support.
Usdchf - H4 - I see this pair falling down sharply atleast 100 pips before finding any real support
UsdChf - Weekly chart - Expecting a sharp drop for this pair as it is currently very oversold and correlates well with the dollar bearish setup.
A rejection of the up trending trend line with a printed bullish engulfing confirmed for me that momentum would continue up to the 0.96800 area. Hitting target perfectly before now a possible new higher low being created.
The price is sitting within a very important area containing the monthly support / resistance and also a powerful demand / supply zone. At the moment it is pushing to break the monthly pivot along with the 78.60% fib level, I will not be entering until there is a clear break of this blue zone and a show of power to the upside. Possibly then heading back to the ...
Potential double top or a reversal back to the trendline, if it breaks 38.2 fib level could show stronger signs of this reversal to the upside happening. Indicators are good for a nice upside climb.
We've got this pair currently rejecting 23.60 Fib level but I believe it will push through this. USDJPY is moving in the same direction and these pairs like to move together, I will be shorting this down to 0.98364 support area. Could see a retrace back to the same fib level but have some US news coming up later where the outlook looks negative, so may not want to ...
Usdchf - Daily time frame - Longs in play on dollar strength and bullish structure on usdchf daily time frame
3 rejection form the resistance level - looking for a clean break through the level and price to create space. wil be blind on the bid
*Bears continued to pushed the price down*
*PA is now in the long holding support zone since April 2016.*
*Clear Break beyond 0.94000 would enhance the bearish momentum.*
*Alternatively, Important Economic Events for the US will be out next week.*
*Healthy Data in US Home Sales and GDP would be a good reason for reversal*
I would stay away for now.
this is a simple harmonic pattern that's setting up on the 4hr chart on USDCHF. It meets my personal rules and so i can take it at the D completion point, without waiting for additional confirmation. But you could nevertheless wait and see how price will react at this zone and then decide whether to enter short or not, it's a valid reasoning too. Stops ...
0.985 - important strong support level
Bearish scenario: daily close below 0.985 will open the way to 0.97 (200 EMA on Weekly time frame, long term uptrend line).
Bullish: reversal around 0.985-0.99 and close above 0.995 - profit targets at 1.004, 1.0155 and 1.0345
Situation similar and correlated to DXY.