Swissie
USDCHF: Pre FOMC: Selling rallies while below 0,9055Hello,
this analysis will only be valid until Wednesday 16.12, until the FOMC rate decision.
Theortically, until 0.9050 / 55 the seller have an advantage, and short positions around 0.90 have a chance of execution in the case of the so-called USD shorts covering ahead the Fed:
Selling rallies towards the supply zone 0.8995 / 9030
Stop above 90.55
1st target: 0.8875
Second target: 0.8800
Third target: 0.8725
Good luck
Nube #87EURCHF sell @1.08086
SL @1.08204
TP @1.07855
Very risky one, but if it responds quickly, there is huge potential.
USD/JPY Holding On Major SupportThe USD currency has gained a lot of momentum in the past 48Hours and unfortunately the strength seems to be fading away. USD/JPY is reflecting signs of weakness on the major support level but you may expect to see some spikes before it starts to buy.
CAUTION: I'm not a financial advisor or a certified forex trader, i'm just a guy with an idea
Yours Crispen Mutarango
WITH PIP LOVE
Nube #79USDCHF sell stop @0.91498
SL @0.91653
TP @0.90880
Trying to catch a trend reversal that could lead this pair to 1h lows.
USD/CHF - Swiss - **GREAT OPPORTUNITY THIS WEEK**USD/CHF - Most of the majors are brewing to further movement!
Technical aspects:
At this current moment of time we are within the range of - Support: 0.89970 & Resistance: 0.92000 (You could play the range play until it breaks) If we break below: 0.89970 we could even formed a bear flag.
However, For further development regarding CHF Pair - An Inverse H&S appears, for this current moment of time it looks like it is creating the right shoulder but we must keep in mind the 50 EMA.
For further bullish momentum and confirmation, above 50 EMA and above 0.92550 area whilst measuring the length of inverse H&S - we read the target of next resistance area which matches perfectly with a Fib retracement area + trendline down = 0.93300 area.
(Keep in mind - this will be a counter trend move - risk management is key).
Fundamental aspects regarding Dollar: The FX markets has been guided by rallying equities and precious metals but now the equity market lacks the bullish momentum (I've posted my analysis regarding SPX - Please go look for further information regarding equities) and weeks ago as the Fed has lowered expectations for now. For that reason I could see SHORT TERM bullish USD. Now, I don't think we will see any stimulus until near elections and key questions is - Has the Feds created a Bubble and has it lost its bullets...YET?!
Fundamentals Calendar this week 21st Sept - 25th: Fed Powell will be speaking and testifying Monday to Thursday. Be careful whilst trading.
Remember: Just a trade idea, not a recommendation.
Have an excellent week ahead.
All the best,
Trade Journal
Nube #73CADCHF sell stop @0.68886
SL @0.69025
TP @0.68472
Spread could be a nightmare here, but the secenario is pretty bearish.
Nube #70NZDCHF sell @0.61187
SL @0.61580
TP @0.59275
Risk 0.5R
If price retraces a new position could be added.
LONG MASTER PATTERNThe master pattern unfolds methodically and it does not care about your feelings. Please trade with caution if you want to ride one of these waves, and trade at your own risk.
Big move is coming. ExplainedIt has been a long time since my last analysis of the Swiss Franc. This market is set up for a decline. The COT report is very bearish, our valuation model shows CHF is way overvalued. Cycles and seasonal and Intermarket forecasts show a potential decline almost till the end of this year. Everything is very bearish. Sounds too good to be true. We have signs of Wyckoff distribution on a daily chart. The short-term oscillator is oversold. So, there is a possibility we will see a rally coming few sessions followed by the formation of a sell signal.
CHFJPY Short PlayDear traders,
I just entered into a CHFJPY short play with a 1:3RR, my stop loss is placed at 117.201 with my take profit target being set at 115.201. Updates will follow with my trade management.
Best,
Don Deesker
TIME TO GO LONG ON THE USDCHFHELLO GUYS , THIS IS MY ANALYSIS ON THE USDCHF. USING FUNDAMENTAL ANALYSIS ON THE DAILY CANDLE, ANYTIME A BIGGER BULLISH CANDLE OCCURS IN A DOWNTREND, IT INDICATES A REVERSAL. CHECK OUT 9TH OF MARCH, 30TH OF MARCH, 15TH OF APRIL, 4TH OF MAY, SO ON AND SO FORTH. THE LATEST BULLISH CANDLE TO FORM WAS ON THE FRIDAY AND TODAY CANDLE FORMING INDICATES A NEW BULLISH TREND MIGHT OCCUR. ALSO USING TECHNICAL ANALYSIS, A BULLISH ENGULFING CANDLE HAS BEEN FORMED ON MY DIAGONAL SUPPORT LEVEL. CHECK THE SHORTER TIME FRAME, YOU WILL SEE THAT THE TREND MOVES IN CHANNELS,DRAW YOUR HORIZONTAL SUPPORT AND RESISTANCE LEVELS AND USE THEM AS YOUR ENTRY POINT. HOPE THIS HELPS. THANKS
Weekly Swissie ViewWe had a retest of the 0.9175 price level at the CoronaVirus big selloff. Price couldn't get past this zone and actually closed the week of the low on incredibly upward momentum. A break and close above the declining trendline should yield a move to the blue ray zones above.
