In this video update, we take a look at USDCHF as we are anticipating the market to fall further. The CoT signal remains and we could see further buying of Swiss Francs. USDCHF has retraced to the 61.8 Fib and rejected. This could offer us a short opportunity to the key demand zone.
LONG trend - wait for break out or retest low
‘Trade war’ – this scary phrase is really popular now among analysts and traders. There is still no agreement between China and the United States. As a result, we can face one of the most demolishing situations in modern history. Almost all countries will suffer from this conflict. Switzerland is not an exception. More than 9% of Swiss export is to China. More...
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USD/CHF, Video overview and Trading Plan.
USDCHF has broken the trendline and is in conjunction with the MACD below the zero line for downside momemtum
The US economy is still demonstrating good results. Good Nonfarm payrolls and retail sales statistics for March as well as the US GDP for the first quarter, which surpassed the forecast (the fact was released on the level +3,2% - the forecast was +2%), provided the strengthening of the US currency against conservative Switzerland’s franc. Even good inflation data...
In this video update, we take a look at the end of day trade we placed on our telegram channel. USDCHF has been moving towards the yearly highs for some time now as the Swiss Franc weakens. Typically, when a market tests a yearly high, we do see a reaction from the level, which we are anticipating to be lower on this pair. If we do see a daily bearish close here,...
In this video update, we take a look at USDCHF as price rejects the key resistance level. The DXY is also at resistance offering us a potential opportunity for a short trade on USDCHF from the current 1hr lows back down into the minor demand zone.
Hi I'm Khalid from Malaysia. Thanks for watching the video. Hope you understand what I'm trying to say. Happy trading and enjoy! KHALID HAMID
In this video update, we take a look at USDCHF as it approaches the key demand zone. If price finds support here we could look for short-term trading opportunities back towards the double top neckline on the 4hr chart. If the FOMC come across dovish we could see the demand zone broken through, and closed below causing further downside for the currency pair.
In this video update, we take a look at the USDCHF weekly chart in anticipation of the weekly candle finishing bearish. If this does finish bearish we can expect price to retrace next week back into the double top neckline resistance. If price finds resistance here we can expect price to head back towards the key parity level.
Watch as I analyze the markets as we near the end of the trading week.
BASED ON THE ANALYSIS PRESENTED ABOVE WE HAVE 2 TARGETS IN MIND FOR THIS PAIR UNTIL THE CONFLUENCE ZONE SHOWED WILL HOLD AS SUPPORT.
In this update, we take a look at USDCHF as price rejected the key weekly level. The 4hr timeframe highlighted a potential double top pattern which has now completed. Looking for price to re-test the neckline on a lower timeframe to take short again.