Swissfranc
GBPCHF Strong buy opportunityLast time we analyzed the GBPCHF pair was a sell opportunity:
This time with a Channel Down having been developed inside the longer term Bearish Megaphone pattern, the price almost hit the Lower Lows trend-line yesterday. With the RSI printing a familiar bottom formation, this is a strong medium-term buy opportunity. The target is the 1D MA200 (orange trend-line), which has been hit during the previous two Lower Highs.
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USDCHF:Battle of the safe-heavens?!!USDCHF
Intraday - We look to Buy at 0.9941 (stop at 0.9919)
Trading close to the psychological 1.000 level. 20 4hour EMA is at 0.9931. There is no clear indication that the upward move is coming to an end. A lower correction is expected.
Our profit targets will be 0.9997 and 1.0007
Resistance: 1.0020 / 1.0040 / 1.0060
Support: 0.9990 / 0.9970 / 0.9940
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USD/CHF ( The UPtrend shall resume soon)View On USD/CHF (09 June 2021)
USDCHF is on the rise again and this time, it is going to continue UP higher.
It shall eventually break up and shall hit the recent high of 1 and beyond.
You know what to do and let's try our best.
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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.
✅GBP_CHF FIRST DOWN THEN UP|LONG🚀
✅GBP_CHF is approaching a demand level
So according to our strategy
We will be looking for the signs of the reversal in the trend
To jump onto the bullish bandwagon just on time to get the best
Risk reward ratio for us
LONG🚀
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AUD-CHF Bearish Bias! Sell!
Hello,Traders!
AUD-CHF was trading in a rising channel
But then a bearish breakout happened
Which made us bearish biased mid-term
Therefore, we are expecting the price to fall
Towards the demand level below
Sell!
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EUR-CHF Bearish Triangle! Sell!
Hello,Traders!
EUR-CHF went down from the horizontal resistance
Just as I predicted in my previous analysis
And now the pair is forming a bearish triangle
Which implies that IF we see a breakout
Then bearish continuation will follow
Sell!
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ChfJpy ready for short!Hello Traders, here is the full analysis for the pair ChfJpy , let me know in the comment section below if you have any questions.
The ellipse could represent a possible zone with good risk/reward to accumulate short position.
Please note that all the information and publications here are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
What you will find here, are only views of a Cat passionate about Finance.
Bearish Pattern on USDCHFWith ECB hike in few on next meetings, then it can be time to start looking towards SNB to follow the ECB. SNB meeting is next week, June 16.
USDCHF pattern looks bearish with sharp drop from 1.0070 region seen as wave A of an A-B-C pattern that can cause drop towards 0.94/0.93.
EUR-CHF Short From Resistance! Sell!
Hello,Traders!
EUR-CHF is going up in a strong uptrend
But a horizontal resistance is ahead
And while the short is somewhat risky
I think it offers good risk reward
We just need to wait for a confirmation
Pattern to form before we enter the trade
Sell!
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