Get started

Usdchfidea

USDCHF | Approaching to Key LevelUSDCHF is trading in a range on daily time frame and approaching to it overhead resistance. This resistance is not broken from April of last year. Two senarios to look here. a) Bullish: The price action will take a stop a bit at resistance zone and then starts its upward journey again. The upside looks good if it manages to break the resistance. b) Bearish: The price action will take a hit and price reverses. One can do short from the top with stoploss on top of resistance. Trade your levels accordingly.
by JustTradeSignals
3
USD/CHF DAILY BUY SET UPHi TRADERS this is my trade set up for the USD/CHF for the new week ahead USD/CHF pair is coming up to area of resistance again and has touched 2 times since it last broke through, if it breaks through this time I can see a strong move higher, so we are buying only This is my analysis only please trade with caution and risk management in place clean crisp charts I hope it helps if you have any questions please private message me good luck for this weeks trading please follow like and comment thanks
Long
by Costy13
3
CHF - Longer term: Where to next? And why does it matter?$CHF Longer Term Time Frame Where to next? And why does it matter? As we head into month end, it's when I am looking at the monthly time frames to indicate to me the key important areas we are in and how will the candle close. CHF and many of the other G10 spot currencies are at very interesting areas longer term, if these key areas were to end further in the momentum it's going we will be have further clear clarification of price action. Technical View: Pattern - Within a wedge formation a break to either direction confirmation is needed. However, if we was to go above 50EMA and a close above 0.94800 areas then bulls will gain further control towards upside towards 0.99850 -1.10000 areas. If we don't and we always have the beautiful support of 21EMA anywhere below that we go towards support range of 0.91550 areas. Fundamentals: CHF known as safe havens... As precious metals decline further ( A chart was shared on the private groups I am part of) and with Feds Hawkish we've had a lot of bids coming in for DXY, it's part of the market rotation and this may accelerated further. March meeting FOMC is expected to do it's first rate hike. However, don't forget we want get at a great bargain and stick to your trade plan. (Do you realise the pattern yet?) Key Tip: Longer TF = Shorter TF movement! Trade Safe TJ Disclaimer: Not Financial Advice
by Trade_Journal
USDCHF | Good Sell Opportunity.When it comes to USDCHF , a while ago, we've seen a strong impulse to the upside. And got rejected from a resistance. Right now price is staying near a supply zone as well. We also seen a multiple rejection from that area as well, which clearly shows the selling strength. Looks like there aren't many support areas till S1. So you could start booking profit from S1, which was the previous resistance area . If you find this technical analysis useful, please like & share our ideas with the community. What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis. Good Luck! Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Short
by maxprofwizard
3
USDCHF looking to fin new lows...As I wrote about it earlier, I still think there is room for this one to fall further down. Since yesterday we have broken a daily trendline and the price is still hovering below 0.9155 minor resistance line. The dollar was weak across the board today, and I'm looking for this one to finally form new lower low levels. Might be a risky trade here, but since it's the end of the year I'm only risking 0,25% on this one. We are already up 8% for the month, so I don't mind "playing" this one again.
Short
by tomsabobiz