The USDCHF pair is trading within a Channel Up pattern ever since it made its low on the 2021 Higher Lows zone (started January 2021) just below the 1D MA200 (orange trend-line) on August 11 2022. After another bounce on the 1D MA200, the price established the 1D MA50 (blue trend-line) as its Support and even tested and marginally broke (on a candle wick) the...
Price is currently within a strong supply zone which has a strong memory of selling pressure at around 0.98500. Are we going to be witnessing another selling pressure from this zone this week or a breakout of this zone to the upside will signal a bullish momentum? Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs,...
on the4h timeframe frame we see bearish movement bech usdchf follow ABC pattern
The USDCHF pair found Support yesterday exactly on the 1D MA200 (orange trend-line), which was the level that provided the last big rally (August 11 - September 06) within the Channel Down pattern that it has been trading in since the May 16 High. The rise however has so far stopped just below the 1D MA50 (blue trend-line), so there is no reason to rush into...
The momentum drive on the USDCF has been bullish since the beginning of the year and the breakout of the bearish trendline on the daily timeframe coupled with the appearance of a double top look-a-like structure during the latter part of last week's trade session could be a signal of a reversal phase evolving. However, I still hold a strong bullish bias on this...
The momentum drive on the USDCH has been bullish since the beginning of the year and the sudden breakout of the bearish trendline identified on the daily timeframe is likely going to be a confirmation in that regard. In this video, I shared my technical opinion on my expectation this week as I look forward to a potential rally continuation. Risk...
Wait for a break of price at 0.98000, if price retests it will minimize the SL, if not, you may also take a short entry i.e sell entry for usdchf for around 40-50 green pips. Price has made a double top on 1H timeframe, and another of 15M time frame(both shown in the chart), lower timeframe predicts the change of momentum from long to short. Keep supporting,...
The USDCHF pair has been trading within a Channel Down since mid-May. At the moment it is rising after a Lower Low on August 02 but remains limited below the 1D MA50 (blue trend-line). Last time the uptrend got rejected on the Internal Lower Highs trend-line. The 1D RSI is also trading within a Falling Wedge. As a result, below the Lower Highs trend-line, the...
The current technical structure suggests that the USDCHF remains pressured into a risk of a further decline in price. The appearance of a strong reversal pattern on the 4H timeframe gives me added reason to hold a bearish bias for the new week. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a...
USDCHF breaks below the bullish trendline that has been holding price action since the beginning of the month to set the tone for a potential bearish drive in the coming week. This video explains my plans in that regard. idenRisk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not...
The USDCHF pair has been wild on high volatility ever since the May 16 market top as within 45 days it has formed big swings of Highs and Lows within a newly developed Channel Down. At the moment the price is on a three day rebound on the Lower Lows trend-line of the Channel and more importantly the 1W MA200 (red trend-line), which is acting as a Support since the...
This is my latest update on the USDCHF pair which on my last analysis two months ago hit both targets: The pair is currently on a strong 3 day bearish 1D candle streak following its market top on May 16. That was achieved on the 1.236 Fibonacci extension of the long-term Channel Up it has been trading in since January 2021. The rejection resembles that of...
This is a follow-up on our USDCHF posted on Monday and Wednesday (see link below for reference purposes); Price hits stop loss with 60pips profit (an approximate of 175pips - 3positions) during the course of last week's trading session. We are expecting the price to continue into the supply zone identified on the daily time frame to close at our initial profit...
The USDCHF pair has been trading within a Channel Up since June 16 2021. This week it hit and so far got rejected on the Higher Highs (top) trend-line of the Channel. Technically we should see the pull-back extending as low as the Higher Lows zone. A reasonable target is just above the zone at 0.9200. See how well the RSI can give buy signals on its Support Zone...
Another fractal from the past on this 1W chart for USDCHF. The price is currently testing the 1W MA50 (blue trend-line) as Support after a consolidation period of around 6 months. In May 2019, when this Channel broke to the downside, the pair targeted the 0.786 Fibonacci retracement level. This is currently at...
AUDCHF has been trading inside a Channel Down since the February 2021 peak, so essentially for exactly 1 year. The 1W MA50 (blue trend-line) has been the Resistance for the better part of this Channel. The whole price action since the COVID crash market bottom is similar to the 2011/2012 period, where the pair also formed a Channel Down following a market crash....
USDCHF is trading in down trend . According to chart pattern analysis , we might see down side in USDCHF .one can trade for short with stop loss and risk management. Views / opinions are welcome to discuss. thank you
Time Frame: 4H Symbol: USDCHF Entry: 0.92007 T.P: 0.91034 S.L: 0.92639 Bias: Short The price has started moving from its zone and gathering necessary momentum to establish its own direction. The oscillation between two extremes is quite significant as we see the current price is heading down creating an opportunity for a possible short trade.