USDCHF is approaching its support at 0.9990 (61.8% & 100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support) where it could potentially bounce to its resistance at 1.0025 (50% Fibonacci retracement, horizontal pullback resistance).
Stochastic (55, 5, 3) is approaching its support at 4.7% where a corresponding bounce could occur.
The recent uptrend in USDCHF took a break and reached all the way down to 1.0000 - an important round-number support.
In addition, this price also acts as a horizontal support of the previous attempts of the pair to push above parity.
Fibs show a 50% retracement at the moment, and the pair could continue to the upside if the 1.0000 levels gets decisively...
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USDCHF FOREX BREAKDOWN 19 FEBRUARY 2019
1 HOUR
Bearish movement towards our entry
4 HOUR
Bearish market with some bullish pressure now
DAILY
Overall bullish waving market with several pullback
LEVELS
BUY USDCHF
ENTRY @ 1.00190
SL @ 0.99760 (45 Pips)
TP @ 1.00820 (60 Pips)
RR: 1.15, use normal risk!
IF YOU HAVE ANY...
TL HIT. so were expecting it to go long soo lets get it. TP SL the usual. It is USD bank holiday so dont know how it'll turn out or when TPs will be hit
USDCHF moved inline with our expectation in week 6, however, a little surprise came along. However, if you have been going long with USDCHF, you would have made a good profit and stay relatively comfortable for the whole week 7.
In week 7, I traded all the 4 symbols I analyzed here in tradingview, and I made about 7% profit in my PAMM managed fund and I hope my...
An Ascending triangle formed on USDCHF H1 chart, and now the price break this triangle and the price moving downward. This is a nice entry for short positions.
We are predicting a bat pattern to form as long as price action does not break the 1.0099 resistance zone. Our take profit is set on the green zone @ 1.00003. FX:USDCHF
The Congestion Opportunities Strategy has just sold USDCHF at 1.00475. The system recommends entering this trade at any price between 1.00381 and 1.00569. The signal was issued because the 28-hour Relative Strength Index indicates that the USDCHF may be overbought, while the Speculative Sentiment Index reading of -1.30682 indicates that trader sentiment is not at...
BROKEN RESISTANCE AND NOW RETESTING... TIME TO SHORT
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USDCHF made a strong upwards move in week 6 and only until Thursday and Friday, we see some consolidation going on. It was a good price movement for traders who long this pair. Good profit with minimal risk!
USDCHF moved according to our analysis in week 6, however for week 7, it is a little mixed. In the bullish zone 1, we can see a double top pattern which...
As we can see from historic movement, USD/CHF has broken out of a descending channel, formed a bull flag, and has recently broken out of the bull flag.
I expect to continue this upward trend until we reach the upper resistance of the large triangle pattern.
We are also trading above the 200 EMA, and we have room for growth in RSI
