Usdchfanalysis
USD/CHF SELL NOW...
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Moving Average and Fibonacci exposing key levels in the USDCHF The USDCHF pair has been swinging from bullish to bearish from a weekly perspective on this pair.
It has established strong resistances at 1.00571 to 1.00148, forming a double top as it tried to break these levels. The double top rejection resulted in the USDCHF pushing back down and bouncing off 0.94907. This price level corresponds to the 200 MA and the 0.5 fib level.
From the perspective of the daily time frame, the USDCHF pair recently met a resistance around 0.974. At this point the 50 Moving Average signaled traders to possible further downwards movement of the pair.
A key level to watch out for is 0.95959 or around the 100 MA. This level needs to hold for the price to move upwards and possibly test the resistance again. If this level doesn’t hold, the price could potentially reach the fib’s golden pocket of 0.618 around 0.93568 and the weekly 50 MA. If the price still goes further down the price could reach and test the 200 MA. Further afield, if the price smashes through all these supports, there could be a possible test of support around 0.883.
The overall market sentiment for USDCHF is still bearish, as it has been since the start of April. Market participants might except further downside on the pair possibly even down to 0.883 support. Traders who choose to take a position and trade USDCHF should watch out for the levels mentioned above and position themselves wisely. Shorting the top or near the top of relief pumps might be a safer trade than taking longs on supports in hopes of a relief pump.
USDCHF | Perspective for the new weekUSDCHF breaks below the bullish trendline that has been holding price action since the beginning of the month to set the tone for a potential bearish drive in the coming week. This video explains my plans in that regard.
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USD/CHF Giving Perfect Bearish P.A , Short Setup To Get 200 PipsThis Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
USDCHF Short : Evening Star & Descending Channel Resistance Trend: The trend reverses as it has made a LL and LH.
Candle Sticks: Bearish candle stick at LH of the chart.
Parallel Descending Channel Resistance: The candle is formed at the channel's resistance.
So the overall reasoning for taking a short from here is trend is downward making a descending channel with the formation of evening star at the channel resistance level. That means the price will potentially decrease from this point.
Fibonacci Retracement: The TP1 and TP2 are derived from the fib retracement points while SL is placed at the HH of the chart.
USDCHF weekly bar dictating for short #usdchf,16th-20th June weekly bar is key reversal bar made a new high closed off the low. 13th-17th June weekly insurance bar while last weekly bar 11th-15th july bar is key reversal bar dictation for weakness ahead. 0.9820 & 0.9880 supply zone for short. stop loss above weekly reversal bar i.e 0.9905 for target 0.9620.
USDCHF bearishThe Greenback have been very strong this past days, i think its time to short it short-term. i expect the USDCHF pair to drop down as it has began already this new week till we hit our level of support but my entry confirmation will be the break and retest of the Hourly chart neckline.
USD/CHF 2 Entries Running In 320 Pips 0 Drawdown ,Weekend UpdateThis Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
USDCHF: Dollar is unstoppable!USDCHF
Intraday - We look to Buy at 0.9752 (stop at 0.9729)
A lower correction is expected. We look to buy dips. 50 4hour EMA is at 0.9740.
Our profit targets will be 0.9809 and 0.9819
Resistance: 0.9830 / 0.9860 / 0.9880
Support: 0.9800 / 0.9770 / 0.9750
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