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Usdchfforecast

USDCHF H4 LONG PRICE ACTION FORECAST -UPDATE-With nothing in between able to hold the free fall of the USDCHF, we could keep trying to accumulate additional pips. In a current consolidation, the price action has formed what is known as a bearish engulfing candle pattern, signaling the bears' readiness to continuing diving-in pushing to price to the deepest level. DXY, on the other hand, continue under the sellers' realm, with the price action heading towards the pandemic levels in last March. The order: Type: sell-limit S/L: 47 pips - R:R | 1:2 - T/P: aiming towards a confluence level allowing 1:2 -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Short
by OGFXTRADER
USDCHF | WEEKLY PERSPECTIVELast week kick-started on a Bullish note for the Greenback but later surrendered a major part of its early gains to the Swissy as it breaks down my Key level @ 0.93850. Even though it rallied back up from this Breakdown; price appears to be respecting the Bearish Trendline which has been holding since late May 2020. Tendency: Downtrend ( Bearish ) Structure: Breakout | Trendline Observation: i. Bearish Trendline - My line drawn over Lower highs explains the prevailing direction of price action and suggest a further Bearish bias. ii. Breakdown of my Key level @ 0.93850 mid-week (8th of July) reveals the underlining strength of the Sellers at this juncture which makes this zone a level to look out for in the coming week(s). Trading plan: SELL confirmation with a minimum potential profit of 160 pips. Risk/Reward: 1:3.5 Potential Duration: 5 to 14 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. NirvanaForex Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, 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
USDCHF H1 SHORT PRICE ACTION FORECAST With the price action trading within the descending pattern and recently getting rejected from the resistance level, it would continue towards the structure's support line. Although the perfect entry was called by the bearish pin bar right at the descending trendline, a second descent entry could be at the drawn level if the price happens to pullback. The order: Type: sell-limit S/L: 26 pips - R:R | 1:2 - T/P: aiming towards a support trendline. -- *** If you like the idea, don't be shy, click on like and comment. If you do not agree, just comment ;-) | Thanks for your support!!! ***
Short
by OGFXTRADER
USDCHF - Buy Signal at Frankfurt Open - THE FAMOUS SetupThis is a price pattern that I like to call the FAMOUS setup. It allows me to forecast the market at 10 pm UK time before going to bed. I see this pattern 10-12 hrs in advance. And so the prediction is that provided that it stays within this boxed range, as shown on the chart... It will break out into wave 5 on the M15 chart. I should go and hit Target Zone 1, i.e the Fib Expansion 62%. What will invalidate the signal? If price did not stay within sideways box region, I..e if it goes up into wave 5 without going sideways first or if it retraces more than 50%.
Long
by iTradeAIMS
2
USDCHF setting up for a SHORT trade at RESISTANCEUSDCHF has pushed through WR1 RESISTANCE and is now headed towards strong resistance at .9792 area. I've placed a SELL LIMIT order at .9792 with a STOP just above at .9813. Looks a decent set-up for a 21 pip risk as USDCHF has failed to break this area since mid-March and even then the BULLS relented after failing to push higher. Average daily range on this pair is 78 so we're unlikely to reach these levels today but tomorrow will see if the BULLS can continue their advance if we don't get SELLERS entering the market before that. ADP Non-Farm Employment Change up at 13:15 GMT so that my play a large part in determining USD's direction for a while.
Short
by theforexportal