Usdchfprediction
USDCHF weekly bar dictating for short #usdchf,16th-20th June weekly bar is key reversal bar made a new high closed off the low. 13th-17th June weekly insurance bar while last weekly bar 11th-15th july bar is key reversal bar dictation for weakness ahead. 0.9820 & 0.9880 supply zone for short. stop loss above weekly reversal bar i.e 0.9905 for target 0.9620.
USDCHF bearishThe Greenback have been very strong this past days, i think its time to short it short-term. i expect the USDCHF pair to drop down as it has began already this new week till we hit our level of support but my entry confirmation will be the break and retest of the Hourly chart neckline.
Support unbroken,, USD/CHF reversal looks very likely Dear traders, USD/CHF is consolidating in the support level for quite some time. Although,
the price has drifted lower, USD/CHF has not broken the support level.
Please note that even on the daily chart, 0.9550 is a crucial level as the 100 Day EMA lies there.
So, a reversal to the upside is quite likely at this stage.
For traders looking to buy, a buy entry between 0.9530-0.9560 with SL below 0.95 and TP at 0.98
would a potential trade.
The fall was quite obvious in USD/CHF, how to trade it now?Dear traders, if you have been following USD/CHF , then you have certainly anticipated the fall in this pair.
The interest rate hike by SNB just gave the much-needed impetus to this rapid fall. In fact, other pairs like
AUD/CHF and CAD/CHF also fell rapidly as price was at a resistance level.
I personally milked USD/CHF, CAD/CHF and AUD/CHF over the last few days with hundreds of pips in the bag.
Here's a chart on CHF where you can see that I caught the absolute TOP
Currently, USD/CHF is inching towards a minor support level which could lead to a moderate pullback towards 0.9850.
I would be waiting to see the price action in the support level before buying USD/CHF. If bullish price action happens
in the support level, I would consider a buy trade with 0.98 as the TP.
USDCHF,USDZAR and USDCNH top-down analysis Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.