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Usdchfprediction

USDCHF setting up for a SHORT trade at RESISTANCEUSDCHF has pushed through WR1 RESISTANCE and is now headed towards strong resistance at .9792 area. I've placed a SELL LIMIT order at .9792 with a STOP just above at .9813. Looks a decent set-up for a 21 pip risk as USDCHF has failed to break this area since mid-March and even then the BULLS relented after failing to push higher. Average daily range on this pair is 78 so we're unlikely to reach these levels today but tomorrow will see if the BULLS can continue their advance if we don't get SELLERS entering the market before that. ADP Non-Farm Employment Change up at 13:15 GMT so that my play a large part in determining USD's direction for a while.
Short
by theforexportal
USDCHF Continuation of the down Trend USDCHF on the weekly time fame formed a bearish pin bar and at the same time an outside bar candlestick combination amidst a down trend. as well as the bearish pin bar testing the 200 period moving average it also acting like a resistance. on top of that its at a level of the previous lower low hence a level of value. not forgetting that the pair is in a range on the monthly time frame finding its way down to the support level of the range.
Short
by Kityo_Allan
SELL USD/CHF @ MARKET .9758USDCHF has made steady progress north for the last 24 hours but has now hit the top of the existing channel. With RSI readings becoming stretched, the signs are that this channel may hold the price and we'll see a move south. USD/JPY has sold off steadily for the last 2 hours and possibly USD/CHF will try and catch up. I'm in at .9759 with a STOP above the channel at .9780 and a TAKE PROFIT at .9700. As ever I'll lock in a break even trade if we drop 25 pips.
Short
by theforexportal
Usdchf predictionWe can see a channel which is being followed in my previous analysis I do tell to create a long position do hold it and we can create additional long position(keep in mind the position should have less lots). Do always use trailing profit If you like my analysis do like and comment below whether you agree or disagree from my analysis and do follow me. As I regularly post the prediction on all major forex currency pairs,gold,bitcoin,and stocks like Tesla Note this is not a trading advice and I am wrong 100%
Long
by TradingWith360
I LOVE TREND LINES - SELL USD/CHFOn the H1 chart we can see a really nice trend line that dates back from the 1st of April. This line has been significant for the last 17 days so the question is - will this line hold and repulse the BEARS. My guess is no. Not with WR1 so close. WR1 will be targeted by the BEARS and my guess is that they will wait there to lay their ambush. Its only 30 pips from the trend line to WR1 and a move by the BEARS if they come in too soon will falter. I expect price to be met with resistance at the trend line and we could see a few hours of sideways movement before the BULLS make for WR1. Thats where the main SELLERS will be. I'll watch the battle on the smaller time frames and either enter the market if it looks like the BULLS are retreating or come in at WR1 if my indicators give me the green light.
by theforexportal