Usdchfforecast
USDCHF SHORT WEEKLYWe expect USDCHF to sink on weekly basis.
*CCI is sinking
*RSI is sinking
*STOCHASTICS RSI is sinking
We would like to short USDCHF bellow: 0.9906 SL: 0.9921 TGT 01: 0.9870 TGT 02: 0.9854 TGT 03:0.9803. [b ]Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing .
Forex Analysis and Trading Tips - 22nd Feb 2016USD/CHF ( DAILY )
RECOMMENDATION: SELL
SUMMARY:
The secondary trend of USD/CHF is bearish on charts and price is trading below the trend line in its daily chart. In daily chart the price is sustaining above 200 day SMA and taking resistance of 50 day SMA indicating downtrend of the pair. It is having an important resistance at the level of 1.0005 and support at the level of 0.9660. If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.
INDICATORS:-
MACD is sustaining in its negative territory indicating the bearish trend in the pair.
RSI is sustaining in its selling zone indicating the upcoming bearish trend in the pair.
STRATEGY:
USD/CHF is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it.
USDCHF LONGUSDCHF Poised to go up.
There are many reason why we feel USDCHF may rise.
01. It could not touch quarterly sell level.
02. Hammer & Bullish Engulfing pattern in daily Chart.
03. To rise and clear quarterly targets it has to come down to gain momentum for up move.
04. Stoch RSI (3,3,14,Close) clearly states the USDCHF may rise.
05. RSI(14,CLOSE) Is also of the same view.
06. CCI(20,CLOSE) Is also rising.
Keeping all the above indicators in view along with the chart pattern we expect USDchf to rise. Our Buy call shall be from Buy above:.9919 with a SL @: .9889 Tgt01: .9992 Tgt02: 1.0025 Tgt03: 1.0127. We are expecting this to happen shortly. Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.
