Usd_chf
Great opportunity to BUY USD/CHFThe USD / CHF pair rose significantly on Friday 5/06/2020. The pair is currently forming technical models that support the rise in the coming period. The first model is an existing widening triangle, and the second model is Adam and Eve, which matches the neckline of the model with the upper side of the widening triangle pattern at 0.9650.
The pair was able to breakout the last high at 0.9618, which supports the bullish hypothesis in the coming period.
The targets are respectively the downtrend for almost 4 hours at 0.9696,
The second target after confirming the breakout of the trend towards 0.9750.
Analysis fails to close the cam clock candle below the widened triangle pattern
USD/CHF: Trade Idea 18 May 2016 [Long 0.9785]I have opened a long position at 0.9785 as I expect the market to retest 0.9785, making this level support (was resistance since 17/03/16) and the short-term bullish trend to continue. I’m then looking to ride this pair all the way back to parity.
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USD/CHF Trendline Short SetupPrice has rejected the weekly trend-line with a hammer candle indicating a sell opportunity.
The Swiss has a safe haven status and as this week has a lot of event risk and non farms for the Dollar it is likely that investors will hedge the Swiss as a proxy for Gold against the upcoming risks associated to the Dollar.
USD/CHF Ready to explode!USD/CHF has been ranging the last few days. But now it seems that the pair is in a bullish momentum.
Indeed, prices broke their KUMO strongly as well as the extension of KS @1.00568. Lagging Span (LS) also broke its double resistance (Tenkan Sen + Kijun Sen). Its slope is pointing upwards.
Prices could retest last november's resistance. Stop is placed at 1.00568 (extension of daily KS).
Feel free to like and comment.
Happy trading everyone.
Jesse
USDCHF approaching extremely important resistance area.Any break above the 13 year resistance line, and it'd be very hard to predict where the rally will end.
In any case, I'd expect the price to hit the resistance areas, consolidate and continue up as Jordan considers a response to increased ECB action. I expect that he will deepen negative interest rates to ward off EUR/CHF depreciation. The Swiss economy is faltering and action needs to be taken.