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Franc

Bullish Gartley Completed On Weekly Chart NZDCHF. Still Valid!On the weekly charts of NZDCHF The bullish gartley was completed 4 weeks ago but however the pattern is still valid. It has to be understood that harmonic patterns do NOT immediately reverse from the point D, they need time and market reaction in the real world is everything. i am awaiting for some technical confirmation before taking this trade on. The risk to reward seems to be very healthy too on this one. stay tuned Long term harmonics pattern are very reliable and i will be keeping a close eye on this one.
Long
by FX618Analysis
Will The AUDCHF Break The Neckline of H & S ?This symbol features the Australian Dollar - Swiss Franc cross pair. While less popular than the AUDJPY cross, the AUD/CHF has similar characteristics in that it can be used as a carry trade. Some may also view this pair as a reflection of risk sentiment due to the risk-on nature of the Australian currency and the safe-haven characteristics of the Swiss franc. Source of above information: www.dailyfx.com There is no doubt that the head and shoulders pattern have been forming on multiple currency pairs especially the EUR pairs, more specifically the EURUSD. Today the long standing Head And Shoulders pattern on the EURUSD should be completed as the bears are on rampage!. If the EURUSD tumbles in the coming weeks to record LOWS then we should see multiple safehaven FX pairs most notably the CHF and JPY gain momentum as well. This has everything to do with the currency correlation when trading. Many traders are watching the EURUSD pair at the moment and a potential break to the downside is almost imminent in the coming week and therefore we take a look at the AUDCHF pair in this part of the analysis!. It has rejected the crucial resistance level on multiple occasions (see the blue lines) and its looking to head down. Currently the one of the most prominent confluence factor to support this fact is the formation of the H & S Pattern that is on the verge of completion and the only thing holding is the break of the neckline! If and only if the weekly candle closes below this neckline (the red line on the chart) we will potentially see the pressure build up to the downside in the coming weeks. Personally for the entry criteria to be met, i would want the weekly candle to close below the neckline and the support level, followed by a slight retracement on the daily charts or 4 hours charts before i can enter this trade SHORT. The TP target is also favorable as the next crucial support level lies far down at 0.7000 psychological level! It remains to be seen what happens in the coming week and this pair is highly dependent the EURUSD head and shoulders pattern. Personally the EURUSD is a great trade to take but i am already LONG on the USD (NZDUSD). See the related link. Due to this AUDCHF represents the best opportunity to trade if you already have an open position on the USD, Stay tuned for any updates and signals. Follow me for more indepth analysis and signals. Cheers
Short
by FX618Analysis
7
USD/CHF 4H Chart: Medium term declineThe US Dollar has been declining against the Swiss Franc in May. The decline began after the currency exchange rate met with the upper trend line of a dominant ascending channel up. Moreover, the reversal occurred just as the rate reached above the psychological 1.00 mark. In the aftermath of the bounce off from the resistance, the currency exchange rate traded almost sideways. However, most recently the rate booked a point of reference, which provided the chance to mark a descending channel pattern. The pattern is set to guide the rate to the lower trend line of the dominant channel. Although, that does not mean that the rate should be shorted, as the dominant support could be reached by trading sideways.
by UnknownUnicorn890690
USDCHF ShortThe USDCHF rally has now been exhausted. The uptrend was broken, retested, and failed as demonstrated on the markup. Moreover, the RSI has now begun to roll over from the severely overbought (70+) region and a bearish crossover on the MACD (12,26,9) occurred on May 11, 2018. The Franc was also oversold across the board and I believe the stars have aligned of sorts to go long on the Franc at least in the mid-term. Thank you for looking and as always, please share your feedback below. Thank you!
Short
by Premium_Tendies
4
EURCHF ShortThe MACD settings are 6, 13, closed, 9. The Stochastic RSI settings: LengthRSI 9, LengthStoch 9, SmoothK 6, and SmoothD 6. As we can see, the settings are pinpoint accurate with StochRSI oscillator leading they way and the MACD confirming the trade once the crossover has taken place on the StochRSI. Based on my analysis, it would be a good idea to continue to go short on this pair. Moreover, there is an inside bar pattern that formed on the weekly chart over the last two weeks. Having taken in to account all of those factors, shorts on EURCHF would be the best way to go. Please leave your feedback below. And as always, thank you for looking and good luck!
Short
by Premium_Tendies