Usdchfllong
USD/CHF WEEKLY OUTLOOK – 6/30/2019Here is the markup for USD/CHF that I cover in my Weekly Market Analysis video I post every Sunday on all the major pairs, so you can form a plan to trade the markets in the coming week. Just another tool to help everyone in this community. For a FREE FULL VIDEO BREAKDOWN of all these markups, please head over to our website at the following link:
www.zenfxtrading.com
Breakout Identified in USDCHFThe Breakout Opportunities system has just bought USDCHF at 1.01599. The system recommends entering this trade at any price between 1.01557 and 1.017. The signal was issued because the USDCHF has broken its 24-hour high while our Speculative Sentiment Index was at -2.75888, suggesting that the USDCHF may have further to rise. A stop loss has been set at the 24-hour low of 1.01431 and a profit target has been set at the 1 Day ATR level at 1.02005. The system will move the stop to the next 24-hour low every time that 24-hour low is higher than the previous 24-hour low. Breakout Opportunities is a breakout strategy that aims to catch the significant moves that typically happen when currencies break through technical support or resistance.
Signal ID: 65099
Time Issued: Tuesday, 23 April 2019 00:16:15 GMT
Status: open
Entry: 1.01557 - 1.017
Limit: 1.02005
Stop Loss: 1.01440
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.88% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
USDCHF approaching resistance, potential drop! USDCHF is approaching our first resistance at 1.0007 (horizontal swing high resistance, 50% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 0.9959 (61.8% Fibonacci retracement, 100% Fibonacci extension).
Stochastic is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
USDCHF approaching resistance, potential drop! USDCHF is approaching our first resistance at 0.9983 (horizontal pullback resistance, ascending channel’s resistance, 61.8% Fibonacci extension, 38.2% Fibonacci retracement) where we might see a drop to our major support at 0.9944 (horizontal swing low support, 50% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
USDCHF approaching support, potential bounce!USDCHF is approaching our first support at 1.0018 (horizontal pullback support, 61.8% Fibonacci extension) where a strong bounce might occur to our major resistance at 1.0054 (38.2% Fibonacci retracement).
Stochastic (34,5,3) is also approaching support where we might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
