CHFUSD
CHFUSD: section fast transactionsHi everyone! Couple of CHF/USD reached support level on 1.1145 then it began to dvizhgatsya on up and now indicators indicate divergence. Therefore I expect the movement on up at least to the closest zone of sellers at the level of 1.1256. I put SL very close therefore risks are minimum.
Bought on 1.1158
TP = 1.1256
SL = 1.1142
Information provided is only educational and should not be used to take action in the market.
This section is intended for short-term speculation. Be ready to leave a position at any time.
ridethepig | CHF for the Yearly Close📌 CHF for the Yearly Close
An excellent swing move, which is extraordinarily difficult to spot. You should note that what has played out has been completely carefully controlled and exclusively on the FED side. Whereas SNB have been seeking salvation against the inflows, the USD cycle is playing out by default and monetary error more than anything else. You cannot solve a monetary issue with private debt by issuing more private debt.
As we know, the flows which have dealt considerable damage to buyers can constitute a good criteria for the evaluation of the next pivot level in play at 0.870x. There is no way to avoid the test, buyers need to be careful not to get hemmed in as a breach will threaten a -10% sweep which is what I am eyeballing for 2021.
Switzerland will act as a suitable haven; SNB will threaten to gain time but only making the breakthrough harder in my opinion. Not the most technical of charts...shows the levels we need to exploit and when broken, advance the units and swing the bat.
Thanks as usual for keeping the feedback coming 👍 or 👎
Big move is coming. ExplainedIt has been a long time since my last analysis of the Swiss Franc. This market is set up for a decline. The COT report is very bearish, our valuation model shows CHF is way overvalued. Cycles and seasonal and Intermarket forecasts show a potential decline almost till the end of this year. Everything is very bearish. Sounds too good to be true. We have signs of Wyckoff distribution on a daily chart. The short-term oscillator is oversold. So, there is a possibility we will see a rally coming few sessions followed by the formation of a sell signal.
USDCHF, Bearish wedge inside of Triangle, Part 2Follow up on the previous analysis:
Think this is a nice one to keep an eye on coming day or 2. It dropped quite big, after it attempted to break up from that wedge on the right. It dropped in a straight shot below that green zone, so if the coming day or 2, would see a retest of that green zone, like the blue line suggests, think it would be a nice spot to take on a short. Target would be around the lower green zone.
So this is exactly what happened so far, so i am giving it a shot here with a small starting size. Great RR at this point and if 0.9660ish breaks i will make it a normal size and move stop to around BE. Target is still the lower green zone, but i will keep some to see if support might break (of the triangle).
Previous analysis:
CHFUSD H1 ANALYSISHello traders, we currently have a long setup for CHFUSD on the H1 timeframe. Price is respecting many confluence areas, allowing a good probability setup to go long. If you are in this trade, or if you are not in this trade let's discuss why and why not in the comments section below. I will be giving real time updates on my trades as it progresses. If you feel like you're learning, please give us a follow and like the post to help others like you also learn in the forex markets. Study hard!
*Disclaimer*: This trade analysis was conducted by myself and is by no means a trade signal. This trade analysis is based off my opinions and is by no means indicative of future price action.
XAU/USD sell opportunity!!!!Hi traders hope everyone had a good weekend.This is my analysis for gold this upcoming week. Okay last week identified the key area of broken support looking to turn resistance at the 1585.48 level. It’s a area to start and look for a pullback and a potential move to the downside. We are also forming somewhat of a head and shoulders pattern ,so going into this week the 1585.48 level is a nice place to start and look for those bearish patterns and if we get the rights kind of bearish setup in this market we’re going to be looking at selling the market down to the next key level of support the 1536.74 level, and if we get a break through that level ,our next targets will be 1515.40.
Hope this analysis was helpful.
Feel free to like and follow for more ideas!!!
Good luck and hope you all have a profitable week.
ridethepig | EURCHF Market Commentary 2020.01.16A good time to update the daily chart in EURCHF with Euro starting to trade firmer on the crosses and the CHF run beginning to show signs of unwinding. The 1.074x is starting to look very weak and will give way to sweep all the way down towards 1.062x, here looking to increase exposure; should we visit 1.080x I will not hesitate to increase sizings.
For those tracking the Long-term macro chart we remain in the same updated map:
Currency manipulation is once again a hot topic with US putting China back on the 'nice' list, smelling SNB to become the next deer in the headlights as CHF inflows are impressive and I believe sharp money is going to test the limits.
Good luck those in EURCHF - an advanced chart for the move towards 1.06xx.