Usdchfforecast
USDCHF - Longing based on Mongerskit Trading system - 4hrsWe had a buy signal generated by our system today, We know the new trend of this pair is long now.
We are going to wait for a pull back to one of the 3 minor resistance levels, after a clear bullish candle that confirms the end of the pullback, we shall long it.
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USDCHF 1H TECHNICAL ANALYSISWe predict the price will retrace from 0.9930 level. We buy this pair at 0.9930 and book profit at 1.0050.
USDCHF Try to trade this callbackHi traders!I hold a point:Good charts does not need more words to explain! Good luck!
USDCHF profit target reached, time to turn bearishSell below 1.0136. Stop loss at 1.0116. Take profit at 1.0071.
Reason for the trading strategy (technically):
Price has bounced up perfectly as expected yesterday and has reached our profit target. We turn bearish closing off our profitable bullish position because of the changing elements. We now look to sell below 1.0136 resistance (Fibonacci extension, Fibonacci retracement, horizontal resistance) for a push down to 1.0071 support (Fibonacci retracement, horizontal swing low support).
Stochastic (21,5,3) is seeing major resistance below the 95% level.
USDCHF approaching major support, prepare to buyBuy above 1.0033. Stop loss at 1.0000. Take profit at 1.0090.
Reason for the trading strategy (technicall y):
Price is approaching major support at 1.0033 (Fibonacci retracement, Fibonacci extension, horizontal support) where we expect to see a bounce towards at least 1.0090 resistance (Fibonacci retracement, horizontal pullback resistance).
RSI (34) is approaching our long term ascending support where we expect a bounce from.
USDCHF:The Rate of return is not good of trading nowHi,traders,I hold a point:Good charts does not more words to explain!
Good luck
sell limit at 50% fibprice has broken strong 4h support level
now on 30min timeframe waiting for retest to go short
BREAKOUT IN USDCHF - 2H CHARTHey Guys,
Pretty much like EURUSD. We have a corrective structure converging and it is definitely going to brake uptrend.
There is still a possibility of a last move down but my trade is the buy.
If it brakes structure and makes a flag...good time to buy!
Carlos
USDCHF turn bullish with long term resistance brokenBuy above 0.9958. Stop loss at 0.9900. Take profit at 1.0044.
Reason for the trading strategy (technically):
Price has broken our long term descending resistance-turned-support line signalling a change in momentum to bullish. We turn bullish above 0.9958 support (Fibonacci retracement, horizontal overlap support, pullback support) for a push up to 1.0044 resistance (Fibonacci retracement, swing high resistance).
RSI (55) has made a bullish exit similar to the one seen in price and is also above ascending support.
USDCHF Look UpwardsMoving its big belly over the EMA10 as the last trend line, it signals a long position to me. A lot of politics is going on currently. That's why USD needs to be traded carefully these days. Go in this one with a minor position.
USDCHF BUY OPPORTUNITY ! 100 PIPS TRIPLE FLAG FORMED AND AS WE CAN SEE IN THE PAST IT ALWAYS WENT UP AND UP AFTER FORMING THIS KIND OF FLAG!
SO I AM WAITING TO MAKE THE SAME MOVEMENT AGAIN AND WAITING FOR A TP @ 1.03500
USDCHF ShortUSDCHF Short Area 1.00442 to 1.01027
Target 1 : 0.99617
Target 2 : 0.99364
Target 1 : 0.99111
USD/CHF ... Same view as Morgan StanleyUSDCHF has under-performed in the broad USD rally. Interest rate differentials for both 10 and 2y maturities imply USDJPY should trade above parity.
CHF remains a risk sensitive currency but the magnitude of the moves are smaller than for the JPY. Expectations for fiscal easing in the US are helping the USD and risk appetite, which is good for this currency pair.
While EURCHF has fallen through the beloved 1.08 level and looks for lower I suspect the downside for EURCHF is likely to be limited with the SNB standing ready to intervene to support the lower boundary.
In any event focusing on USDCHF as it has diverged from where relative yield differentials suggest it should be trading.
The risk to this trade is an equity market sell off or turnaround in US yields.
