price dips below long time trend line once more. The idea is this will push down further to about the .95 level
Break of the daily low, will trigger short a position down to the 0.955 support level.
Looking to short USDCHF soon.
USDCHF is expected to sink now. The reason why we feel USDCHF may SINK. * It may SINK and come near .9607 levels * Stoch RSI (3,3,14,Close) is SINKING. * RSI (14,CLOSE) is UNCLEAR . * CCI (20,CLOSE) is UNCLEAR. Keeping all the above indicators in view along with the chart pattern we expect it to SINK. Our SELL call shall be from SHORT BELOW :0.9696, SL:...
The US Dollar fell to a four-month low last week with prices testing 94.50 support on dovish FOMC meeting. But prices managed to reverse their losses with the Dollar Index posting steady gains, for the most part, this week. Prices rallied for nearly four consecutive days after falling to the 94.50 support. The gains in the US Dollar came about as various Fed...
Been trading this down trend recently. I believe it will make a retracement which I will be trading before the eventual move down. You can see the HH's and HL's and just broke through the 200 EMA on the daily (right) to confirm the downtrend. Currently at previous support where I believe price will bounce back up to test previous support, (red line) now...
USDCHF is expected to sink now. The reason why we feel USDCHF may SINK. * To Sink and come near 1.1286 levels * Stoch RSI (3,3,14,Close) is SINK. * RSI (14,CLOSE) is SINK. * CCI (20,CLOSE) is Sinking. Keeping all the above indicators in view along with the chart pattern we expect it to Rise. Our sell call shall be from Sell Below :0.9696, SL: 0.9721 0,Tgt...
The pair in short trend as we will see it in broke resistance line I see we will have around 200 p down during next week
FX:USDCHF Eventual Bearish Gartley or an AB=CD pattern, this last one will complete inside a cluster zone (External and Alternate projections / link below) GARTLEY Point B: 61.8% can not touch 78.6% XA Point C: 38.2% to 88.6% AB Point D: 78.6% XA 127% ext AB Target: TP1 38.2% AD TP2 61.8% AD Safe Trades; open.spotify.com
I think USD is in for a drop in the next weeks, in that case CHF one of the currencies that will benefit.
The reason why we feel EURUSD may SINK. * On weekly basis it has just started moving DOWN. * Bullish Engulfing in weekly Chart . * To SINK and come near .9627 levels * Stoch RSI (3,3,14,Close) is Sinking. * RSI (14,CLOSE) is Sinking. * CCI (20,CLOSE) is Sinking. Keeping all the above indicators in view along with the chart pattern we expect it to SINK. Our...
ECB meeting caused a breakout for the otherwise sideways trending Dollar Swiss. The downside is now open with an opportunity to enter short via a 4HR candle entry on a pull back to the 31.80% fib level (0.98893) or a re-test of the short term trend line. My entry criteria is an exhausted re-test or the stated fib level or trend line. Two target zones are...
We expect USDCHF to sink on weekly basis. *CCI is sinking *RSI is sinking *STOCHASTICS RSI is sinking We would like to short USDCHF bellow: 0.9906 SL: 0.9921 TGT 01: 0.9870 TGT 02: 0.9854 TGT 03:0.9803. [b ]Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before...
USD/CHF ( DAILY ) RECOMMENDATION: SELL SUMMARY: The secondary trend of USD/CHF is bearish on charts and price is trading below the trend line in its daily chart. In daily chart the price is sustaining above 200 day SMA and taking resistance of 50 day SMA indicating downtrend of the pair. It is having an important resistance at the level of 1.0005 and support...