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CHFSGD

Short CHFSGDHi, This is the only forex pair I trade. Before the pandemic this pair was in a short run for a long term! Then the pandemic came and it went up for peaks. Makes sense, people see security in the Swiss dollar. The world is now familiar with the pandemic, business are evolving, countries are recovering etc. The panic of covid is not going to last long and in general prices will go slowly back to normal. Nevertheless, I think this pair will trade between the highlighted zones in the chart in the next months.
Short
by Ahluic
1
Don't miss the great sell opportunity in CHFSGDTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.3835). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . CHFSGD is in a range bound and the beginning of downtrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 50. Take Profits: TP1= @ 1.3755 TP2= @ 1.3695 TP3= @ 1.3600 SL: Break Above R2
Short
by ForecastCity
2
Don't miss the great sell opportunity in CHFSGDTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.3835). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . CHFSGD is in a range bound and the beginning of downtrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 50. Take Profits: TP1= @ 1.3755 TP2= @ 1.3695 TP3= @ 1.3600 SL: Break Above R2
Short
by ForecastCity
6
CHFSGD: Sell opportunity on the next top.The pair has been trading within a 1D Channel Down (RSI = 42.510, MACD = -0.005, Highs/Lows = -0.0006) since the August High. On a wider time frame the current price action appears to be replicating the October-November 2019 period when a similar Channel Down made a temporary bottom on the 1D scale, spiked to a Lower High before making the May bottom. With the 1D RSI forming a similar sequence as well, we are expecting a similar pattern. The next rise towards the 1D MA50 (blue line) is a sell opportunity for us with 1.34200 - 1.33500 the Target Zone. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Short
by InvestingScope