usdchfshort

USDCHF - Intraday - We look to Sell at 0.9865 (stop at 0.9895) Trades at the highest level in 12 days. There is no clear indication that the upward move is coming to an end. Intraday, and we are between bespoke support and resistance 0.9795-0.9865. The move higher is mixed and volatile, common in corrective sequences. The medium term bias remains bearish....

Rising wedge recently been broken, support seems strong but not as strong as the resistance. Expecting either a possible right shoulder to create a head & shoulders pattern or we may just get a straight break from this support zone. Down to fill the range

Wait for breakout ...

FX:USDCHF OANDA:USDCHF FOREXCOM:USDCHF SAXO:USDCHF USDCHF - Intraday - We look to Sell at 0.9965 (stop at 1.0000) A 5 wave bearish count has been completed at 0.9694. Intraday, and we are between bespoke support and resistance 0.9882-0.9965. The rally has posted an exhaustion count on the daily chart. We have a 50% Fibonacci pullback level of 0.9965 from 1.0237...

FX:USDCHF OANDA:USDCHF FOREXCOM:USDCHF SAXO:USDCHF USDCHF - Intraday - We look to Sell at 0.9854 (stop at 0.9884) Buying pressure from 0.9804 resulted in all the initial daily selloff being recaptured. Buying posted in Asia. The rally is close to an exhaustion count on the intraday chart. Bespoke resistance is located at 0.9854. The AB=CD formation target is...

If USDCHF should have a significant break below 0.98 a retest for a short could lead to 0.97 lows.

Price following this large downward channel after breaking out of the daily trendline a few weeks ago. Now within this smaller, rising channel. We can see a breakout although price seems to be creating a potential correction for further continuation. Looking to go short on the breakout of this correction trendline down to the bottom of this current rising channel,...

retest of head and shoulders neckline

FX:USDCHF OANDA:USDCHF FOREXCOM:USDCHF SAXO:USDCHF USDCHF - Intraday - We look to Sell at 0.9886 (stop at 0.9916) Continued downward momentum from 0.9851 resulted in the pair posting net daily losses yesterday. Selling posted in Asia. Intraday, and we are between bespoke support and resistance 0.9854-0.9886. The selloff is close to an exhaustion count on the...

RE-test of daily trend line

USDCHF & GBP/USD tend to move in the opposite direction so we'd be looking to short.

will be looking to short @ either the trend line (rejection) or the D completion of the Bat

USDCHF Short trend continuation

Confluences for a short

FX:USDCHF OANDA:USDCHF FOREXCOM:USDCHF SAXO:USDCHF USDCHF - Intraday - We look to Sell at 0.9897 (stop at 0.9927) Bespoke resistance is located at 0.9898. Ichimoku cloud resistance comes in at 0.9897. The rally has posted an exhaustion count on the intraday chart. There is scope for mild buying at the open but gains should be limited. A Fibonacci confluence...

Lets not forget that age DXY is positively correlated to USDCHF which is also sporting a 61.80% retracement !

FX:USDCHF OANDA:USDCHF FOREXCOM:USDCHF SAXO:USDCHF USDCHF - Intraday - We look to Sell at 0.9853 (stop at 0.9883) We have a Gap open at 0.9760 from 28/06 to 30/06. Previous resistance located at 0.9814. The rally is close to an exhaustion count on the intraday chart. Bespoke resistance is located at 0.9843. Ichimoku cloud resistance comes in at 0.9853. Previous...

FX:USDCHF OANDA:USDCHF SAXO:USDCHF USDCHF - Intraday - We look to Sell at 0.9844 (stop at 0.9874) Selling pressure from 0.9814 resulted in all the initial daily gains being overturned. Buying posted in Asia. Previous support at 0.9854 now becomes resistance. We have a 50% Fibonacci pullback level of 0.9855 from 1.0014 to 0.9694. Bespoke resistance is located at...