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Swissfrance

USDCHF: Overbought and at the top of the Channel Down.USDCHF is overbought on the 1D technical outlook (RSI = 74.650, MACD = 0.007, ADX = 47.655) as it hit the top of the yearly Channel Down. That is exactly on the 0.786 Fibonacci retracement level, where the LH prior was always priced, also after an approximately +8.50% rise. The 1D RSI is making a reversal inside the overbought zone and we are about to form a 1D Golden Cross, which last time emerged after the LH was made. This is a strong bearish signal combination. First we are targeting the 0.618 Fibonacci (TP1 = 0.8600) and if by then the price remains under the 1D MA50, we will extend selling to the bottom of the Channel Down (TP2 = 0.82500) going the full -9.40% distance. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
1
USDCHF Oscillators Begging You to BuyAlthough we are seeing a long-term rising wedge form, the fruition of a downturn at the end of the wedge is still some months into the future. In all liklihood, we still see a bit of an upward movement given how overcrowded the short trade is according to the bull bear oscillator. A trading week is five days which is why I used 5 day RSI to highlight how poorly this week was for the pair which is now flashing an oversold signal. Momentum oscillator also signals to buy. Overall, this may be short in the longer-term, but I now suspect we still see some upward movement first. If you like my analysis and are hungry for more charts, you can also check out some of my work at www.anthonylaurence.wordpress.com
Long
by WhiskeyTangoFoxtrot3
GBPCHF Daily Time Frame Analysis+ TradePound vs Swiss France pair took the Bearish momentum after the breakout of Bullish Trend at the end of May month and then it retraced and started New Lows and Since that time this pair is in bearish Momentum. Currently, we can notice that price has touched the trendline third time and laying at the very interesting level of resistance 1.28000 plus 61.8 Fibonacci region which could make it bounce and keep its bearish leg continue till 1.23000 Support level. We can trade this pair with 50pips SL and Target 500 pips which is 1:10 Trade Setup. if you find this analysis useful then comment below and let us know
Short
by QuickPipsForex