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Usdchfanalysis

USDCHF SELL Trade Update First Target HitAt the end of August I posted the likely path the USDCHF would take next at the beginning of the MONTH it rallied a little bit higher into the weekly supply zone which is standard iit has just achieved the first short term target below 0.96 it actually took out the daily demand zone so can expect a short rally up before heading back down towards the LONG term target. If you understand how to read the higher timeframe weekly and monthly charts you will always have a higher probability of trading success as this is where the major markets move happen.
Short
by TheFxAce
USDCHF | Perspective for the new week | follow- up detailThe momentum drive on the USDCF has been bullish since the beginning of the year and the breakout of the bearish trendline on the daily timeframe coupled with the appearance of a double top look-a-like structure during the latter part of last week's trade session could be a signal of a reversal phase evolving. However, I still hold a strong bullish bias on this pair and the proposed retracement move could be an attempt to retest the structure broken at the 0.95700 area Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
USD/CHF bulls fail at the previous high, time for a correction?USD/CHF bulls have failed to break the previous high near the 0.9875 level. We have a bearish candlestick formation at this level as shown in my chart. So, if the bulls fail to break the resistance level that I have highlighted in my chart, there is a chance for a correction in USD/CHF. Potential sellers can consider selling at the 0.9840-0.9875 level and depending on how the trade develops, TP can be set at 0.9630 level.
Short
by YourLazyTrader
6
USDCHF | Perspective for the new weekThe momentum drive on the USDCH has been bullish since the beginning of the year and the sudden breakout of the bearish trendline identified on the daily timeframe is likely going to be a confirmation in that regard. In this video, I shared my technical opinion on my expectation this week as I look forward to a potential rally continuation. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
3
SELL USDCHF??????We are now approaching a Weekly supply/sell zone starting at 0.975 where we had a huge sell off before. This is the first test/touch of this zone and given it has only taken 2 weeks to get back to this level from the last low we are highly likey to get a SELL off from here again. As you can see in the image above we have a small Daily SUPPLY/SELL zone between 0.975 -0.979 this is a good short SELL trade to target the 0.965 - 0.958 if this happens price may bounce back up well into the weekly zone then selling off heavily creating a new weekly low. I will look for short signals above 0.975 with a stop loss above 0.98 and profit target around 0.96 and long term SELL position will start positioning into a BIG position inside the zone to target a the long term weekly target starting at 0.93 this is the weekly zone were price took off from this year to cause the Yearly high we will go back down here. (SEE IMAGE BELOW) Hope you enjoyed this breakdown
Short
by TheFxAce
2