USDCHF is approaching our first support at 0.9984 (horizontal pullback support, 38.2% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 1.0069 (horizontal swing high resistance, 100% Fibonacci extension, 76.4% Fibonacci retracement).
RSI is also seeing approaching our...
USDCHF is approaching our first resistance at 1.0055 (horizontal swing high resistance, 76.4% Fibonacci retracement, 100% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 0.9936 (horizontal pullback support, 61.8% Fibonacci retracement, 100% Fibonacci extension). A breakout below our intermediate...
Price is approaching our first resistance at 1.0055 (horizontal swing high resistance, 76.4% Fibonacci retracement, 100% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 0.9918 (horizontal swing low support, 76.4% Fibonacci retracement, 100% Fibonacci extension). A breakout below our intermediate...
USDCHF is approaching our first resistance at 1.0055 (horizontal swing high resistance, 76.4% Fibonacci retracement, 100% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 0.9918 (horizontal swing low support, 76.4% Fibonacci retracement, 100% Fibonacci extension). A breakout below our intermediate...
USDCHF has touched the Resistance of the 0.999 - 0.9856 Rectangle on 4H and with 1D on nearly neutral MACD = 0.001, Highs/Lows = 0.0034, B/BP = 0.0063, a rejection is expected. Short, TP = 0.98981.
Price is approaching our first resistance at 0.9965 (horizontal swing high resistance, 78.6% Fibonacci retracement) which coincides with our long term descending resistance line where a strong reaction might occur below this level pushing price down to our major support at 0.9907 (horizontal swing low support, 100% Fibonacci extension, 50% Fibonacci retracement)....
USDCHF is approaching our first resistance at 0.9965 (horizontal swing high resistance, 78.6% Fibonacci retracement) which coincides with our long term descending resistance line where a strong reaction might occur below this level pushing price down to our major support at 0.9907 (horizontal swing low support, 100% Fibonacci extension, 50% Fibonacci retracement)....
USDCHF has reversed nicely off its resistance at 0.9962 (76.4% Fibonacci retracement, 61.8% Fibonacci extension, horizontal swing high resistance) where price could potentially fall to its support at 0.9870 (61.8% Fibonacci retracement, 100% Fibonacci extension, horizontal swing low support).
Stochastic (55, 5, 3) reversed near its resistance at 97% where it has...
Will the history repeat itself? Another Bullish Bat pattern on Usd-Chf? The breakout of the blue trendline has given a bearish signal for the currency pair with the target in the area 0.9580/0.9595 and stop loss at 1.0010/1.0015.
USDCHF is approaching its support at 0.9903 (61.8% Fibonacci extension x2, 61.8% Fibonacci retracement, horizontal swing low support) where it could bounce off from, rising to its resistance at 0.9985 (horizontal swing high resistance).
Stochastic (89, 5, 3) is approaching its support at 4% where a corresponding bounce could occur.
USDCHF is approaching our first resistance at 0.9991 (horizontal swing high resistance, 76.4% Fibonacci retracement, 61.8% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 0.9892 (horizontal swing low support, 100% Fibonacci extension, 76.4% Fibonacci retracement).
RSI (34) is approaching...
USDCHF has bounced off its support at 0.9900 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where price could rise to its resistance at 0.9985 (horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching its support at 1.34% where a corresponding rise could occur.
Buy above 0.9900. Stop loss at 0.9854. Take profit at 0.9985.
Reason for the trading strategy (technically):
USDCHF has bounced off its support at 0.9900 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where we expect price to rise to its resistance at 0.9985 (horizontal swing high resistance).
Stochastic (55, 5, 3) is...
Price is approaching our first resistance at 0.9990 (horizontal swing high resistance, 76.4% Fibonacci retracement) where a strong reaction might occur below this level pushing price down to our major support at 0.9923 (horizontal overlap support, 61.8% Fibonacci extension, 50% Fibonacci retracement).
Stochastic (55,5,3) is also seeing a bearish divergence and is...
