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USDCHFUSDCHF has been examined in different dimensions: 1- Strong supply and demand levels that I identify with my own indicator and system. 2- The structure of recently formed waves 3- Current market momentum 4- The structure of classical and price patterns In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis. In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram. ⚠️ Disclaimer: This is a personal opinion and you are responsible for any trading decisions.
Short
by HamidRamezani1992
2
USDCHFUSDCHF has been examined in different dimensions: 1- Strong supply and demand levels that I identify with my own indicator and system. 2- The structure of recently formed waves 3- Current market momentum 4- The structure of classical and price patterns In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis. In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram. ⚠️ Disclaimer: This is a personal opinion and you are responsible for any trading decisions.
Short
by HamidRamezani1992
2
USDCHFThis situation has been examined in different dimensions: 1- Strong supply and demand levels that I identify with my own indicator and system. 2- The structure of recently formed waves 3- Current market momentum 4- The structure of classical and price patterns In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis. In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram. ⚠️ Disclaimer: This is a personal opinion and you are responsible for any trading decisions. if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ❤️️
Short
by HamidRamezani1992
EURCHF Possible retracement and new supportWe'd a ascending channel with a resistance making higher highs, however the bottom line of support of the channel was crossed. So we put a horizontal support, to check what could happen to the price, and with this support we can see a possible retracement. We can also see the EMA line is changing the direction. And about the MACD indicator, the support had already been touched and both lines are changing the direction And if you zoom the chart, you'll the before the full body bullish candle we and an inverted hammer during the downtrend, so we have some informations where this trend could truly change the directions and go in a Long strategy
Long
by AFCapital21
USDCHF is reaching for parity againThe USDCHF can be relatively slow-moving compared to other major forex pairs. However, we have seen some significant moves since March this year. In fact, the most recent April monthly candle was the largest bodied candle in almost seven years. Albeit April’s candle moved in the USD’s favour rather than the francs. In April, The USDCHF opened at 0.922 and closed at 0.973. As of writing, the USD is again approaching parity with the Swiss franc, trading at 0.998. Last month, the pair was rejected at 1.001 and closed lower on the month (0.959). This movement occurred after inflation in Switzerland rose faster than expected and landed further outside the Swiss Central Bank’s (SNB) target of 0-2% per annum. With inflation in Switzerland at a 14-year high of 2.9%, the Swiss Central Bank’s rhetoric concerning interest rate hikes has ramped up. But, Switzerland still has the lowest interest rate in the world (-0.75%), and the SNB’s rhetoric has been mild and equivocal, especially compared to the US Federal Reserve. Thus the USDCHF has forced its way into parity territory in June. A monthly time-frame analysis indicates that the pair may be able to sustain a push through this zone of resistance at parity for June and beyond. The Coppock Curve indicator, found on the graph above, helps gauge long-term trends. When we see the Coppock Curve move above zero, it is to be interpreted as a continuing uptrend. It is not typically used on the smaller time frames because it doesn’t show accurate divergence signals. The Coppock Curve is just below 10 on the monthly time frame, which is the highest it has been since January 2015. After which, the curve plummeted. Those familiar with forex history may know of the SMB’s decision that day. After that event, the Coppock Curve still indicated rising prices with this pair, which ultimately came true for almost the next two years.
by BlackBull_Markets
The competition between the dollar and the franc is very tough! Let me describe USDCHF in one word: “GOLD-Related” Since more than 25% of Switzerland's money is backed by gold reserves, gold has a negative correlation with USD/CHF. When gold goes up ( so CHF does), USD/CHF goes down. When gold goes down, USD/CHF goes up. So, analyze XAUUSD before entering any position in this pair and remember, GOLD price is highly related to the news. After all, we are around an almost strong level, You can enter a long position after confirmation. Breaking the downtrend level is necessarily. Important resistance on the way are WVMA of 100 4H and a static levels around 0.9235. I suggest a two level TP points.
Long
by AliSignals
4