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Usdchfprediction

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
fly USDCHF 181220looks like it has reversed from a downtrend change upward, the main reason for this is the divergence of the indicator MACD ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ This analysis means a lot to me. >> If you follow this analysis very carefully and in detail. >> reason carefully Always make transactions if there are more than reasons. >> Follow me for ideas. >> Feel free to share ideas, comments, opinions and questions. >> If you find this idea useful, hit the like button, subscribe and share it on other trading forums Trade well and wisely. >> ALI <<
Long
by Ali_Wibowo
2
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
USDCHF LONG SETUP IN THE FUTUREThe price reached the bottom of a downtrend, but since we can't really talk about a bottom of a downtrend, it will be a risky trade, because trend is our friend, right? and we should trade in the trend direction. So if we take a look at the RSI combined with the bollinger bands, we see that the price reached the low level on all timeframes. We will wait until the price breaks the 15 min downtrend of the leg and retests the previous high of the 15 min. We may enter around the 0.89500 level after the retest was made, at the closure of an engulfing bar which will break the previous ones. TP1-0.89870, TP2-0.90300, SL-below the low of the 4h, for a safe one.(around 0.89030), or a tight one, below the higher low that will be created, i'd say 0.89230 is a good one.
Long
by AdrianPetrea
USDCHF 100 Pips Swing trade Will it break 100,200 EMA resistanceUSDCHF ********* ⏳14 Hour chart 🎲 Swing trade ⛳️Bullish entry —————-❇️——————- Detailed analysis 💬 1️⃣ 0.90000 Swiss national bank intervention level 2️⃣ 0.90000 Strong trend reversal area 3️⃣ Positive risk sentiment, Vaccine news, Selling off CHF 4️⃣ RSI has reached around 39.00 Oversold condition 5️⃣ MACD about to cross the signal line, histogram is slowly fading towards green 6️⃣ Stochastic reached below 25 Oversold condition 7️⃣ Short term Technical support - Bullish 8️⃣ 50,100,200 EMA cluster resistance for bull 9️⃣ Bollinger bands reached lower side of the band 🔟 Possible swing target-0.91400 (23.6% Fibonacci) Point of control area #️⃣ Overall long-term trend- Bearish —————-⚜️——————- Bullish entry #usdchf Entry price -0.90400 Take profit 01 - 0.90900 (50 Pips) Take profit 02 - 0.91400 (100 Pips) 🚫 Stop lose 0.90050 ( 35 Pips) ⬆️ 1.11% Growth expected ⤴️ Account growth .39 : 1.11 ✅ Risk reward ratio 1 : 2.84 —————-⚜️——————-
Long
by forexorbit