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Usdchfidea

USD CHF MAY GO LONG ACCORDING TO MY ANALYSIS. {18/1/2021}Disclaimer:- Educational Analysis says Usd Chf may go Long according to my technicals. This is not an entry signal. I have no concern with your profit and loss from this analysis. Why Long? Because the 15 min timeframe market is making a higher high and higher low, it means the start of an uptrend. For Additional Confirmation on this trade. you may go for 15 min there, the pitchfork tool may help you with this analysis in a more disciplined way.
Long
by VishalBudhrani
USD/CHF could continue its breakout to the UPSIDE!Hey tradomaniacs, USD/CHF could continue its breakout in order to complete the correction❗️ Technical aspects: 1️⃣ False breakout below monthly support 2️⃣ Violation of upper Trendline and a breakout of Trendchannel 3️⃣ 5-Wave-Pattern completed heading into an A-B-C-Correction 4️⃣ MAC-D bullish divergence with equal Lows 5️⃣ High volatility at Key-Support (SL-Fishing) 7️⃣ Low open interest below key-support-zone 8️⃣ 55 EMA and 21 EMA violated and crossed 9️⃣ Momentum to the upside with chasing PoC of higher prices Correlations: 1️⃣ CHF/JPY falling indicating CHF weakness as USD vs JPY still weak 2️⃣ DXY (US-DOLLAR-BASKET) rising due to risk-off-mood in the market 3️⃣ S&P500 as expected rejected off Trendline and tends to correct LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. PS: This week I only share my analysis as market-conditions are still weak due to loq volume and liquidity! Will be back with signals next week!
Long
by Trading2ez
4
USD/CHF- Will Complete Head And Shoulders Pattern?Here's the USD/CHF 15m Chart, and we can see here the possibility of the Head and Shoulders. The last shoulder in the making process. The trend has to cross the following levels ( 0.8886 - 0.8896 - 0.8900 )to make the shoulder, and it will go up to around 0.8906 . After that, it will start to fall and touch the neckline ( 0.8871 ), and then after crossing the neckline, there can be a short reversal, but it will fall to the following target 0.8866 - 0.8859 . But what if it starts to march upwards? If the trend continues to move upside, that means the failure of the head and shoulders pattern. And the targets for the uptrend will be 0.8910 - 0.8913 - 0.8920 . Fibonacci Retracement: Swing high: 0.9174 Swing low: 0.8822
by forextidings
USDCHF- 0.88 - 0.87 looks like a strong support areaUSD/CHF - a map for the future USDCHF has been in a huge downtrend cycle lasting 40 years from 1971 until 2011 In truth the top was in 1970, therefore perhaps it could be even a 50 year cycle ending in 2020. By the way, 0.88 - 0.87 is a confluence of several systems of analysis and therefore looks like a strong support area, perhaps capable of a valuable bounce for the price, or even to start a reversal. The price have already made kind of a double bottom in 2011 and 2015, and it seems approaching again the same rising trendline and the price could tap it around september/October. This would be a triple touch of the trendline, which, if the price would hold above it with weekly candle close, would be really likely to develop a reversal formation for a while. By the way, in the charts there are 4 important rising trendlines, as well as all the other main horizontal support and resistance which could be useful to assess other trades in the future. L.S. MASTER TRADING SYSTEM
Long
by themaster5
2
USDCHF| FALLING WEDGE|ANALYSISPRICE ACTION: • Price action finds first resistance (1), where it reverses direction and goes downwards till finding first support (2). • Price action reverse direction from support (2) and goes upwards, till finding the second resistance (3) which must be lower than the first resistance (1). • Price action reverse direction from resistance (3) and goes downwards, till finding the second support (4), which must be lower than the first support (2). • The pattern is completed when price action reverse direction from (4) and goes upwards till it breaks the wedge's upper border at point (5). TRADING THE PATTERN • Trade entry: after breaking the wedge's upper border at point (5), with an entry after confirming the breakout. • Take profit: identified by measuring the vertical distance from the wedge's highest high (1) to the wedge's lower border, that measurement is then applied from the breakout point (5). • Stop loss: the wedge's lowest low (4). PLEASE LIKE THE IDEA IF YOU FOUND IT USEFUL.
Long
by regoratilephalaworld