Short on USDCHF for the rest of the Quarter?Today I am going shorton USDCHFand other dollar pairs. Donald trump has been aggressive towards china with the tariff threats so I see an intense week ahead for the bearish USD to finish out the wee, month and possibly even the quarter. Happy trading keep in mind my setups are intraday and the trends can change at any moment. Manage you risk and take educated trades. HAPPY TRADING !
Swiss
USDCHF Oppurtunity awaits USDCHF
Waiting for reversal signal to enter a trending market to the downside
Trading method: RSADVANTAGE Stage 5, accurate system manually forward tested over 3 years designed to stay out of ranging markets and only target strong trends suited for swing trading. This system is made of custom adaptive volume indicators and Oscillators that properly detect trends very early and provides exit signals at dynamic S/R zones once the trend has ended. // Average yearly pips gained is 40k per pair on D1 charts alone. I have provided a similar limited version of the system on Trading view to help traders visualize the strategy.
I see gains in the swiss area so I am short on USDCHFI am placing a SELL here with the bulls on USDCHF because here after careful review, trend analysis and pattern recognition on the 1hr time frame for entry I have identified an opportunity to SELL for the USDCHF pair with confluences to match. Take a look at my analysis I would love your feedback. My trades a specifically for intra day trading I am completely out of the market by 5pm EST each day with my profit or loss taken.
USD/CHF Possible bearish cypher pattern formation in the processThe B point is in the 0.382 to 0.618 range, the C point in the 1.1272 to 1.414 range. After the formation of the final D point we could set profit targets with the Fibonacci retracement by pulling it from the X point to the C point in the 0.618 or 0.382 levels. Nothing is certain yet, but we need to keep an eye out.
Good luck
fokozottan
Chf/Jpy UpdateFirst target area reached. See? The market is fractal. Just gave us a small ending diagonal and extended the small 5 wave pattern. I changed the wave count so you can see my other post and see the difference. Looking at the daily and weekly it is possible it can go a lot higher, possibly retesting the high, but you are in profit.. If you held.
NZD/CHF weekly chartThat's the 200 MA it came off. It is breaking below the daily mid band (20 ma). When I look at the daily, I can see cause for a wave up for at least further correction but when I look at that weekly it looks like downside. I'm not saying just jump in the sell. Just saying you get a setup may want to try it. There was a beautiful one last night.
CADCHF ShortAs we can see from the diagram, a nice Head and Shoulders pattern unfolding on the Daily timeframe on this pair. BoC's hawkishness provided us the spike up today to form the right should and the price was stopped at old broken support that has now become resistance. Moreover, the price is capped on the topside by the 200EMA. We also have the bearish crossover on the MACD.
I expect the price to move down over the coming days.
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.
Swiss Cheese and Profit? Ichimoku USD/CHF Trade IdeaThe Swiss Dollars has been on a text book bullish breakout and run over the past few weeks. We've finally started to fall down and test Tenken Sen. If we break below Tenken Sen the I will be looking to sell on the drawback to Kijun. We can also confirm this early by watching the 1 hour and 4 hour charts for a bearish breakout since I know it can can mess with your psychology to counter trend trade on a larger chart. If we fail to have a bearish breakout on the smaller time frame charts or we fail to break below Tenken Sen on the daily, this setup may become invalidated.
Swiss Market Index LONGLong SMI. Trend continuation. 200MA acts as support, supported by 100MA heading up. On daily TF RSI oversold with divergence COPPOCK confirmes it. Coppock above 0 line on Daily Bullish momentum price above 20MA. Looking for retest of structure usually SMI lags behind EU indices or FIB extension to reach new highs. GOOD LUCK
Swiss Cheese and Profit - Ichimoku USD/CHF Long Trade IdeaThis pair has been in a longer term bullish run now and has held strong tenken sen support. I am looking to get another long entry here off a tenken sen bounce trade. I'm setting my stop around kijun since we are yet to fall to it for support. I am tarting our previous high of .9921, but I will close partial there and let the rest run, while adjusting the stop loss as it rises. If we fail to hold support or our bullish signs change to bearish, this trade may become invalidated.
CHF/JPY Bounces off strong resistanceThe Swiss Franc is a safe haven currency, where funds flock to, if there is an increase in risk in the markets. The Japanese Yen also is a safe haven currency. However, if one puts them one against another, one can not just speculate technically, but also avoid some of the fluctuations to and from risky and conservative assets.
Regarding the technical picture, the rate recently bounced off a massive resistance cluster near the 111.50 level and began a decline. During the decline the pair once more confirmed the existence of a long term channel down pattern.
Moreover, recently the rate failed to regain its losses, as it failed to pass the 111.00 mark, where the weekly S1 is located at.
USDCHF
Talking Points:
- USD/CHF has continued to show strength even with a persistently-weak US Dollar, and the pair rallied up to a fresh two-month high last week ahead of Non-Farm Payrolls out of the United States.
- USD/CHF is continuing a pullback that started last Friday after that disappointing NFP report, and the pair is fast-approaching a couple of areas of prior higher-low support around .9550 and .9520. Will bulls respond to produce a higher-low above the .9500 psychological level?
USD/CHF STRENGTH CONTINUES EVEN AS USD-WEAKNESS REMAINS PERVASIVE
While a bearish US Dollar has remained prominent in some form or the other in many major currency pairs, USD/CHF has shown very little weakness as the pair has continued to rally up to fresh monthly highs. Last week saw that strength continue up to the .9650 level to set a fresh two-month high. Dollar-weakness on the heels of a disappointing NFP report on Friday helped to produce a pullback, and as we open up a fresh week, the pair is continuing to pull lower after last week’s bullish breakout.
As we move deeper into this week, a couple of pertinent items out of the US are likely to keep the Dollar volatile. On Wednesday, we get March inflation numbers in the morning and later in the day we get the release of FOMC minutes from last month’s rate hike. After that – we begin to wade into US corporate earnings for last quarter, and this can keep the Dollar in the spotlight as expectations for earnings growth this quarter out of the US is very high.
In USD/CHF, the primary theme appears to be one of continuation. The pair has put in a rather sharp rally after setting fresh two-year lows in mid-February, and strength in the pair has largely continued ever since. For those looking at bullish plays in the US Dollar, or for those looking for ways to offset short-USD exposure from other setups, the long side of USD/CHF can remain as attractive if we stay above the .9500 psychological level.
On the below four-hour chart, we’re focusing in on the recent bullish advance, highlighting the two prior higher-low swings of support around .9550 and .9520. If we break back-below the psychological level of .9500, the bullish theme comes into question, and if we break-below the .9420 area of prior resistance/recent support, the bullish bias could be abandoned in favor of short-side setups in the pair.
Parabolic advance?Another good water company. Nestle appears to be accelerating northward. Good position to buy, as its on the bottom of the advance for now. IF we see a correction downward (I don't think we will), and the support line breaks, could dip badly and be in an even more attractive price. I'd put a stop loss right under support, just in case. Otherwise its a good stock to sit on
USDCHF Swing ForecastWill update when sell signal is provided
Trading method: RSADVANTAGE Stage 5, accurate system manually forward tested over 3 years designed to stay out of ranging markets and only target strong trends suited for swing trading. This system is made of custom adaptive volume indicators and Oscillators that properly detect trends very early and provides exit signals at dynamic S/R zones once the trend has ended. // Average yearly pips gained is 40k per pair on D1 charts alone. I have provided a similar limited version of the system on Trading view to help traders visualize the strategy.
Long opportunity on USDCHFWe are coming out of a reversed head and shoulder pattern, suggesting a reversal from the previous long term trend. We are in an uptrend on the 1 hour chart and we just had a healthy retracement and we broke the resistance line. I am taking a long here and will add as we break the neckline.
USDCHFThe Swiss franc has been under pressure since the start of the week, with the USD / CHF pressing new monthly highs in New York trading today. The advance is testing the confluence resistance here at 0.9513 / 26 here the extent of 61.8% and the retraction of 38.2% converge at the proposed median line of the ascending force. Note that the daily impulse is also approaching the 60 threshold after recovering from oversold territory. In general terms: if we violate resistance to confluence here, look for a stretch toward 9600/9700. Next week is very important for the CHF pair because of the news about short-term interest rates and inflation reporting
EUR/CHF LONG!EUR/CHF
I've been looking at this pair all day, and I'm glad to see that it's going in my favour.
Guy's it's not too late to jump in, if you managed to jump in on the break of the bearish trend line well done!
If you didn't now's not too late however manage your risk!
TP: 1.17000/1.18000/