#USDCHF Are we ahead of sharp increases?As you can see in the graph above, the usdchf broke the resistance line at $ 0.9987, the ideal is more serious than breaking and moving away from the area but also a situation like that produces a buy signal.
We have the beginning of a green Ichimoku cloud that usually appears before the ascent begins.
Target: 1.045
(Because of our proximity to the resistance line if the usdchf returns below the resistance line, see the above signal as canceled)
Usdchfforecast
USDCHF approaching resistance, look out for potential reversal!
USDCHF is approaching its resistance at 0.99988 where it is could reverse down to its support at 0.99350.
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#USDCHF, Will the increases continue?Great time to sell as long as resistance at 0.9985 hasn't broken.
According to the Stochastic we have reached a very high level, so it is unlikely to be broken.
We have a beginning of a red Ichimoku cloud that starts what can announce the beginning of a downtrend.
Target: 0.9870
USDCHF- a buying opportunityBrexit made the USD in a selling spree but now that it extended until December 2019, I believe the traders will be back looking at the technical until the deadline.
A buying opportunity signaled me to buy now and hold it for few days- months until the next Brexit drama continues.
Zooming out the chart, we see a long term uptrend.
USDCHF Trade of the Year?Listen guys, for Swing Trade always look for the Weeky Candle Closer.
If we see the weekly chart in USDCHF we can see clearly we rejected multiple times 1.000 level (crucial level for the pair) and we ended with a bearish englulfing ( marubozu candle) a big one. My directional bias for this pair is Bearish , wait for a daily retracement
I'm looking forward to sell this par if it comes at 0.9920.
Why 0.9920 ? - cuz you can see even in smaller timeframes that is a level where price jumped.
My first target would be the weekly support then 0.9693 and the last 0.9500 key Level.
Weekly TF
USDCHF- LONG- for the next few weeksAs people get directions from the fundamentals for the next few weeks, I believe the traders will follow the technicals and invest in the USD. Until we see a clear path, the technicals will remain the key factor in regards to the direction of the market.
Based on the 4 hour chart, a short term bull will might continue as long as it holds the 50/200 emas.
For now, just ride the wave.