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USD/CHF - Buck loses and will looseDue to recent fundamental events the US Dollar has plummeted down to the lower trend line of a channel down pattern against the Swiss Franc. Moreover, it has fallen once more below the 2016 low level. As the move occurred due to fundamental events, market participants should still look out of a breaking of the channel down pattern. However, if a rebound occurs, it is most likely still going to be a descending one, as the rate would face the resistance of the 2016 low level and the weekly S2 at the 0.9460 mark. In that case the pair would fall as low as the 0.9368 level, where the third weekly support is located at.
Short
by UnknownUnicorn890690
EUR/CHF 1D Chart: Channel UpThe common European currency has reached a critical point against the Swiss Franc. The point can be best observed by drawing patterns on the weekly chart and examining them on the daily chart. It can be seen that during the last surge of the Euro against the Franc the currency exchange rate has reached the combined resistance of a two year old ascending channel pattern and a junior channel up pattern at the 1.1520 mark. Moreover, the resistance cluster is strengthened by the weekly R1. Either the pair will bounce off the resistance and decline down to the 1.1274 level, if the dominant pattern holds. On the other hand a break of the channel might occur, which would press for a full review of the pair for the purpose
by UnknownUnicorn890690
EUR/CHF Channel DownDue to the high trading volume on the Swiss Foreign Exchange Marketplace, it was decided upon doing a short review of the technical situation on the EUR/CHF currency pair. It can be observed that the pair is dominantly trading in two ascending channel patterns. The pair encountered the combined resistance of the channels at the start of August. As a result of that move a descending channel revealed itself in the following weeks. Most recently the pair encountered the resistance of the channel down pattern. That means it is likely going to bounce off it and retreat first to the 1.1370 level and afterwards to the 1.1280 mark.
Short
by UnknownUnicorn890690
2
SSMI (Swiss Market Index) LONG setup (H1/H4)Hi, traders! Swiss Market Index* INDEX:SSMI formed the bullish wave and appears to be ready for take off to point 6. This potential move is being supported by RSI divergence as well as significant volume at point 5 (unfortunately not available here, but I can see it in my terminal). It is also worth noting that internal structure of the wave is being enhanced by already completed minor bearish yellow WW. Good luck and profitable week!
TVC:SSMILong
by OceanBlue
USD/CHF 4H Chart: Channel UpRecently the US Dollar encountered a support combination of two notable levels of significance against the Swiss Franc. The support consists of the 2016 low level and the lower trend line of the dominant channel down pattern. As a result of the rebound a medium term ascending channel has formed itself. However, its lower trend line has not been fully confirmed. Although, on Friday the proposed support line of the pattern was located exactly at the monthly S1 at 0.95, which gives it some credibility. Due to these factors combined, it can be assumed that the pair will pass the support of the monthly PP at the 0.9613 level, and decline to the just mentioned combination of support at 0.95.
Short
by UnknownUnicorn890690
USD/CHF 4H Chart: Channel UpThe US Dollar is regaining ground against the Swiss Franc in a channel up pattern. Most recently the currency pair bounced off the resistance of the ascending channel. That event was also the cause of the discovery of the pattern. Most likely the currency exchange rate will decline until it meets with the lower trend line of the ascending channel. Coincidentally that might occur at the 23.60% Fibonacci retracement level of the 2016 low and 2017 high levels at the 0.9657 level. Afterwards the currency pair is highly likely going to continue the surge. In that case it will go upwards to the strong resistance cluster, which lasts from 0.9780 to 0.9791.
Long
by UnknownUnicorn890690
CAD/CHF LONG TO 7700!Canadian swiss franc has two major horizontal levels. Price action looks like it might break horizontal level upwards and range between 7300-7700. It's had a very nice bullish run this week, however, it is important to wait for the daily candle to close above the horizontal resistance. RSI has reset and still has more room to move upwards. It also broke the curve line and retested it. Nice crossover on the stoch as well. buy and lets aim for 7725.00. Ideas always welcome. Let me know what you everyone thinks.
Long
by minthooka
3
AUDCHF SELL THE BREAKOUTHi everyone: AUDCHF is on my weekly watch list for short, and today we are seeing an opportunity. Price action formed a lower high on the 4 hr chart, and a breakout of a rising wedge to the downside will give us great risk:reward trade. On the daily time frame we know that price action has retrace to 61.80%, daily lower high which confirms the bearish momentum. Potential target to the recent lows of 0.7280. Thank you for your support and feedback.
Short
by jojofang0901
GBPCHF TRIANGLE BREAKOUT. BUY THE PULLBACKHi everyone: WE have an excellent opportunity on GBPCHF for a long term trade. We can see the daily chart has been in a ranging market, and currently its at the bottom and rejecting support. The 4 hr chart broke out of the symmetrical triangle to the upside. Now we can wait for a higher low to develop before enter the trade. Potential targeting the daily fibs level of 38.20% and 81.80% TP 1: 1.2550 TP 2: 1.2750 Thank you for your support and feedback.
Long
by jojofang0901