AUDCHF 'Short' Trade IdeaThe AUDCHF currency pair recently rejected the 0.70766 daily horizontal resistance level (according to the bearish harami candlestick pattern below the level), thereby presenting a 'sell' opportunity.
A reward-to-risk ratio of 4.97 is possible as follows:
Entry Price: 0.70437.
Stop Price: 0.70806 (36.9 PIPS).
Target Price: 0.68603 (183.4 PIPS).
Swissie
Symmetrical Triangle on USD/CHF @ W1A symmetrical triangle pattern has formed on the weekly chart of the USD/CHF currency pair. This long-term formation offers an opportunity to go short in case of a bearish breakout. The triangle's borders are marked with the yellow lines. The potential entry level is shown with the cyan line. The potential take-profit level is where the green line is. The stop-loss can be set to the opposite border begins at the base of the triangle - at 0.95947.
USD/CHF Signal - USD Initial Jobless Claims - 18 Nov 2021USD/CHF is trending to the upside prior to the USD Initial Jobless Claims data, which measures the number of people applying for unemployment benefits for the first time. Technically the pair is holding 50 moving average and structure support, and we're looking for continued upside into the 0.9350 level.
USD/CHF Signal - USD NY Empire State Manufacturing - 15 Nov 2021USD/CHF has traded to structure support prior to the USD NY Empire State Manufacturing data, which gauges business conditions for New York manufacturers. Generally speaking, a positive result indicates bullish for US Dollar, while a negative result shows poor growth of US Dollar. Technically the pair traded above the moving average ribbon, which is now dynamic support in a bullish cross. We anticipate continued upside into the 0.92700 level.
USD/CHF To Fall Like A Bag Of BricksPrice has made a bounce from trendline support, however has moved back to the downside from moving average resistances. If price is able to break below the support trendline we may see a continued push below the 0.900 level.
We anticipate that this trendline support will break, as long term the USDCHF is in a bearish structure and has been correcting for a prolonged period.
USD/CHF Signal - USD 3 Month Bill Auction - 1 Nov 2021USDCHF has traded into the fibonacci golden pocket resistance zone prior to the USD 3 Month Bill auction, which reveals the yields on the US Government backed security. Technically the pair is trading in the fibo golden pocket, and the RSI has recently given an overextened signal. We are also seeing bearish divergence form on the USDCHF 1h RSI, another bearish indicator.
USD/CHF Signal - USD Continuing Jobless Claims - 14 Oct 2021USDCHF is trending to the downside proir to the USD Continuing Jobless claims, which measure the number of people applying for jobless claims on an ongoing basis. Technically the pair has broken the ascending trendline and we are anticipating downside into the 161.8% fibo extension.
USDCHF Downside !Price has formed a head and shoulders pattern, and has retested the neckline as resistance. The RSI has broken below the 50% level, and we anticipate a bearish move to continue.
On the 1H chart price is clearly cycling to the downside, and we are looking for the -61.8% fibo to be hit. Recent highs are our violation level.
USD/CHF Signal - 11 Oct 2021USDCHF has broken the ascending trendline and is now correcting in a bearish structure. We have formed a double top pattern and are looking for downside to continue into the significant figure of 0.9200. The RSI is bearish and the ADX is increasing, showing that the downtrend is gathering momentum.
USD/CHF Signal - USD Fed Rate Decision - 22 Sep 2021USDCHF has traded into support prior to the US Fed Rate decision, which decides the rates in the USA. Technically the pair is at 61.8% fibo support and previous structure, and we anticipate a bounce from this level back into recent highs at the 0.9330 level. The RSI has given an overextended signal, and the bullish structure remains intact.
USD/CHF Signal - USD Redbook Index - 21 Sep 2021USDCHF is trending to the upside prior to the USD Redbook Index data, which is a sales weighted measurement of over 9000+ retail stores. Technically the pair has pulled back into structure and fibonacci support at the 0.382% level and we anticipate a bounce from here into recent highs.
USD/CHF Signal - USD Redbook Index - 31 Aug 2021USDCHF has traded into trendline resistance prior to the USD Redbook Index Data, which is a sales weighted year-over-year same-store sales growth in a sample of large US general merchandise retailers representing about 9.000 stores. Technically the pair has rebounded from support and the USD is currently quite choppy. We anticipate downwards pressure from here.
USD/CHF Signal - USD 2 Year Note Auction - 24 Aug 2021USDCHF is trading to the upside today following yesterdays sell off. The USD 2 Year Note Auction is scheduled for later today, and reveals the yield on the note. Technically the pair is holding above the 0.9122 level and we anticipate continued upside into the 0.9180 level.