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Look for a strong break and close below the red support line.
Price has been under consolidation, and is showing signs of continued upward momentum to resistance Small Bullflag Pattern Risk Reward 2.3
Aiming this pair to continue further down as it broke previous support of 110.50
Break of trendline back down to support, and double top pattern that formed
New Bounce off trendline showing signs of strength, or weakness in JPY, this might actually break through that resistance of 112.10 to to continue higher to to 113 Risk Reward 1.74
Pair is trending higher with higher highs and higher lows It just recently bounced off the trendline and is making a move back higher to 112.10 Risk Reward 1.56
Market pressure highlight a short movement for this cross. Long term pressure -5.1 is good enought to move the cross below the next important support and short term market pressure confirm that the movement already is started. This analysis is based on market pressure. To know more about market pressure and receive a free daily hints for all crosses visit my...
Shorting to 110.60 as continuation of major trend analysis Risk Reward 1.5
Swiss private investors are underinvested in foreign assets as they have refrained from foreign portfolio investment since 2016 and pension funds hold high FX hedge ratios on their bond and equity portfolios. If CHF is no longer strengthening, the incentive to roll on their hedges is lower, suggesting less CHF buying. As Eurozone breakup risks remain low and the...
The Swiss Franc has depreciated substantially against the Japanese Yen since early February when it was located near the 118.55 mark. This downward-sloping movement has been guided in a descending channel. The Franc failed to reach its bottom boundary last week, suggesting that this bearish formation might not hold any longer. The strong hourly surge mid-session...
Entry - 112.960 SL 112.300 TP1 - 114.700 TP2 - 115.150 Red Dotted lines are temporary S&R levels Orange lines are more well respected S&R levels
Since October 2016 - Summer 2017 we were more or less in a nice upward trend which slowly turned into a big range as you can see last try to break the summer 2017 High failed and on its way down price breaks through a nice upward trendline ( a nice short trade by the way) Now we just testing the low of the range outside of the trendline which could lead to 2...