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Usdchflong

USDCHF – Ready to claim 1.0000 again? - the week of 23 May, 202The swissy had a good week but I see signs that the USD is ready make up the recent losses. See the price action on your H4 chart to see why I think that a bullish continuation is likely. The pair is certainly bullish overall and I am of the opinion that the support at 0.9700 will hold. A 60 pip stop will be enough to safeguard a long position and we can target 0.9820 and then 1.0000. Perhaps having 2 trades with different profit levels is the way to go. If this works as per my expectations, we could potentially be looking at 2.0 – 4.5R. If, however, price continues declining, that would negate my analysis. I will not be interested in going short. I would be watching the next support at 0.9520 for the opportunity to go long. If you like my analysis, please give it a “thumbs up” and follow me to get immediate notifications. Always use sound money and risk management and stay patient in all your trades.
Long
by Trading_Vista
USDCHFThe Swiss Franc fell strongly last week to reach very close to a new 3-year low against the US Dollar, and to reach and surpass parity with it. European currencies excepting the Euro are generally weak, but the Franc is showing standout weakness. The fall in the Swiss Franc has been unusually strong, being a firmer directional trend over the past few weeks than any other currency excepting the US Dollar. This is unusual as the Swiss Franc rarely trends strongly. With a still-strong US Dollar, and non-USD currencies (especially European currencies) looking weak, the price may rise further over the short-term. However, bulls should beware of two factors: The price hit and rejected the old key resistance level at $1.0050. The Swiss Franc rarely trends for long. I will not take this trend trade, but it may be attractive to other speculators.
Long
by SmoothJB
Bullish USDCHF long following the US dollarUSDCHF above key support in the demand zone. Broke short term down trend and is holding short term long trend on the daily. Will need to break up out of the triangle on the weekly chart to break major long trend. This will signify a longer trend to the upside towards the daily supply zone. We can see a inverted head and shoulders pattern that will need to complete and then possibly break neckline. These zones and targets are based off of fibs, fib ext, trend analysis, and price action. Please let me know your thoughts below
Long
by bhill
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