START OF THE WEEK GUIDE (26 Aug - 30 Aug 2019) | USDCHFSee chart for illustration.
Follow up from earlier publication (see link below)
Usdchfforecast
USDCHF potential reversal!
USDCHF expected to rise up to 1st resistance at 0.98186 where it could potentially react off and drop down to 1st support at 0.97126.
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LONG TERM EXPECTATIONS IFO USDCHF(DAILY) | SHORT!See chart for illustration as lower time frame update will be posted soon
USDCHF CHANNEL FORMATION IS SUSPECTED | LONGSee chart for illustration ( a follow up to earlier speculation)
#USDCHF, Short signalWe have a double bottom template in the daily graph.
Low-level stochastic with crossed lines.
Signal against the trend.
Target: 0.9850
Possible short for USDCHF by broken down the major trendFollow ArrowPips :)
USDCHF re-enter to the downtrend by breaking down the major trend line. Keep watching for other sell confirmation.
Major Trend Line Breakout, Long for USDCHFFollow ArrowPips :)
H&S pattern and major trend line breakout. Potential long set up for USDCHF.
USDCHF moving towards targets at 1.0050The US Dollar has been trading in a one-month ascending trendline against the Swiss Franc. The currency pair reversed from the lower border of the trendline at 0.9698 on June 25.
Most likely, the exchange rate will continue its upward swing within this week's trading sessions. The potential target for bullish traders would be near the upper border of the channel pattern at 1.0038.
Moreover, technical indicators flash buy signals on both the smaller and the larger time-frame charts.
USDCHF ready to resume downtrendThe pair seems ready to continue it downtrend. After a couple of days of recovery yesterday it printed an inverted hammer closing right at support that has been broken already today.
A fall to the 0.975 area is very plausible and probably it will keep falling until encountering the historical trendline ( purple line). We will monitor how the price reacts once there.
We can see in the 4H chart that the price retraced from the 61.8 fibonacci. The way Im looking to trade is wait for a small retracement to the resistance area and then look for signals to short.
Do you have different views? Let me know in the comments!
USDCHF DThe pair has finally broken the corrective channel. I expect it to go as low as the long term trendline where we might see a double bottom or break through it and keep going lower.
The price action Im expecting is something like on the below 4H chart. We are also seeing a H&S formation on 4H so the price might just continue lower for a bit before it makes a small correction.
Signal+Analysis #USDCHFThe rise comes after a candle with a Doji pattern that warns of a change in trend.
We are still on the rise according to Ichimoku indicator
The Stochastic comes in the correct range to enter the Buy position
Target: 0.9960
A very short term signal #USDCHFAccording to the Stochastic, we are currently in Oversold with the possibility of changing the trend.
After the recent gains, the trend changed to a short-term uptrend.
We are in a rising channel.
Target -0.9845
USD CHF BuyI think this is a good one coming up.
See your own chart and make your call.
This is just my idea.
Possible Pullback then Down Trend for USDCHFPossible move for USDCHF. Price has recently made a big move to a local support line which usually results in a strong pullback for the immediate next bar. I believe this will be the pullback move to the trend line and then the price will continue to head downwards as you can see from my arrows. I will wait for conformation from the next candlestick and then enter the trade in 2 days when/if the 2nd candlestick comes out in my favour. Price has also moved below the 200 and 50 EMA indicating a long term short bias. Keep an eye out for updates. FX:USDCHF
