USDCHF Market Outlook | Daily Forex Market BreakdownUSDCHF
rejecting psychological key level 1.000 UC is looking like a good short. I was Looking for price to push lower showing bears are in control. So now we wait for a pull back to around 1.00 and if we can reject off resistance there that will be a fantastic short trade for us. Keeping a close eye on this.
Usdchfprediction
#USDCHF Are we ahead of sharp increases?As you can see in the graph above, the usdchf broke the resistance line at $ 0.9987, the ideal is more serious than breaking and moving away from the area but also a situation like that produces a buy signal.
We have the beginning of a green Ichimoku cloud that usually appears before the ascent begins.
Target: 1.045
(Because of our proximity to the resistance line if the usdchf returns below the resistance line, see the above signal as canceled)
USDCHF approaching resistance, look out for potential reversal!
USDCHF is approaching its resistance at 0.99988 where it is could reverse down to its support at 0.99350.
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USDCHF UPDATE FOR TODAYANALYSIS ON USDCHF
Welcome to my analysis
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1HR CHart
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Interesting Point of interest In the USDCHF pair.
- Price above 100/200 day EMA.
- look for sell signals.
- Expecting some more downward movement.
- Watch 0.99345 for TP1 and 0.99020 TP2 for Take Profit (TP).
- MACD showing bearish divergence
#USDCHF, Will the increases continue?Great time to sell as long as resistance at 0.9985 hasn't broken.
According to the Stochastic we have reached a very high level, so it is unlikely to be broken.
We have a beginning of a red Ichimoku cloud that starts what can announce the beginning of a downtrend.
Target: 0.9870