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Usdchfidea

USD/CHF Technical Analysis.Currently, USD/CHF is trading at 0.9095. The pair is consolidating in the resistance and support wedges. The price is moving towards its resistance level at 0.9133 and it can rebound back after touching resistance level. The pair is consolidating from some time but the overall trend is a downtrend. So, it is possible that after it rebounds from the resistance level, it can break its support level at 0.9061. If it breaks the support level, then its first target price will be at 0.8946 and the second target price will be at 0.8875. Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and Ideas. Thank you, Rishikesh Lilawat
Short
by rishililawat5
4
USDCHF ::: BULLISH24 AUG 2020 INSTRUMENT: USDCHF TIME FRAME: DAY CONFIRMED: 4h, WEEK INDICATORS: ICHIOKU KINKO HYO STOCHASTICS BUY ABOVE: .9136 STOP LOSS: .9122 TGT 01: .9171 TGT 02: .9187 RISK DISCLOSURE Technical analysis of FOREX and INDIAN MARKETS. We are not SEBI REGISTERED ANALYSTS The views expressed here are for our record purposes only. Please consult your personal financial advisor before investing. We are in no way responsible for your profits/losses what so ever.
Short
by ajithchand-bhandaari
USD/CHF Technical Analysis.Currently, USD/CHF is trading at 0.9077. The pair is consolidating in the resistance and support wedges. The pair may start a new downtrend if it breaks the support level at 0.9058, likely the pair may rebound back after touching support levels and continue to consolidate. If the pair starts a new downtrend, after breaking the support level, then its first target price will be at 0.8898 and the second target price will be at 0.8799. Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and Ideas. Thank you, Rishikesh Lilawat
Short
by rishililawat5
USD/CHF Technical Analysis.Currently, USD/CHF is trading at 0.9102. The pair may start a new up trend if it breaks the resistance level at 0.9150. Previously, the pair was trading in a down trend in the descending triangle resistance and support wedges. If the pair starts a new up trend after breaking the resistance level, then its first target price will be at 0.9293 and the second target price will be at 0.9381. Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and ideas. Thank you, Rishikesh Lilawat
Long
by rishililawat5
USDCHF could go up, but be careful#USDCHF appears to have created a double bottom formation in the 0.9050 level. It's quite likely that USD/CHF can go up to 0.9230 in the next few days. I would be looking to place buy trades in the support area that I have highlighted in the chart. However, buyers must also be careful and use a stop loss below the support zone because USDCHF has gone through a prolonged sell-off. US Dollar is still struggling and there's no guarantee that the double bottom formation would work here. That being said, this trade offers a good R:R(Risk/reward ratio) and hence, I am looking to place 2-3 standard lots of buy trades in this support area.
by YourLazyTrader
4