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Usdchfsell

USDCHF: Safe heaven vs Russian Linked Investigation & NFPFundamental: CHF have not much happening rather than just easing monetary policy, mixed economic data. Best of all it is not much related to North Korea USD have many Fundamental factors such as rate hike in Mid Dec 2017 (might already priced-in), President Trump linked to Russian investigation and huge event this week is NFP. Technical: Pair has been on the downward channel after the upward channel was broken mid-Nov 2017. Clear download channel is in progress with strong bear markets. Note: USE PO SELL at entry Strongly advised to close the trade before NFP this Friday
Short
by laikos
USDCHF profit target reached perfectly, prepare to sellSell below 0.9592. Stop loss at 0.9623. Take profit at 0.9540. Reason for the trading strategy (technically): Price has shot up and reached our profit target perfectly. We now prepare to sell below 0.9592 resistance (Fibonacci retracement, horizontal overlap resistance) for a push down to 0.9540 support (Fibonacci extension, Elliott wave theory). Stochastic (34,5,3) is seeing major resistance below 97% where we expect a drop from. Traders Dynamic Index has crossed below our signal line (red) while it’s near our upper band signalling that a bearish move is expected.
Short
by MEX_Exchange
USDCHF profit target reached perfectly, prepare to buyBuy above 1.0000. Stop loss at 0.9946. Take profit at 1.0100. Reason for the trading strategy (technically): Price has dropped perfectly and reached our profit target as expected. We prepare to buy above 1.0000 support (Fibonacci retracement, Fibonacci extension, horizontal overlap support) for a push up to 1.0100 resistance (Fibonacci extension, horizontal swing high resistance). Stochastic (34,5,3) is fast approaching support at 4% where we expect a bounce from. Correlation analysis: EURUSD and USDCHF are negatively correlated, meaning they usually move in opposite directions. We’re expecting a drop in EURUSD which goes in line with the rise we’re expecting on USDCHF.
Long
by theforexarmy
USDCHF testing major resistance, prepare to sellSell below 1.0100. Stoop loss at 1.0160. Take profit at 1.0000. Reason for the trading strategy (technically): Price is now testing major resistance at 1.0100 (Fibonacci extension, horizontal swing high resistance) and we expect a drop from this level to at least 1.0000 support (Fibonacci retracement, horizontal overlap support). Stochastic (34,5,3) is seeing major resistance below the 97% level where we expect a drop from. Correlation analysis: EURUSD and USDCHF are negatively correlated, meaning they usually move in opposite directions. We’re expecting a rise in EURUSD which goes in line with the drop we’re expecting on USDCHF. Reason for the trading strategy (fundamentally): The main news event driving USD today is the U.S. Advance Retail Sales which is a monthly measure of sales of goods to consumers at retail outlets. The figure is a significant market mover, valuable both for its timeliness and insight into consumer demand and consumer confidence. We’re expecting a positive value here meaning more consumer spending and confidence, leading to strength in the USD. This would go against our bearish USDCHF view today hence is it best to exercise caution on this trade.
Short
by theforexarmy
USDCHF remain bearish below strong resistanceSell below 1.0068. Stop loss at 1.0114. Take profit at 0.9973. Reason for the trading strategy (technically): We continue to remain bearish below 1.0068 resistance (Fibonacci retracement, horizontal overlap resistance, descending resistance) as we look to play the drop towards 0.9973 support (Fibonacci retracement, Fibonacci extension). Stochastic (34,5,3) is now on pullback resistance where we expect another bearish reaction to occur.
Short
by theforexarmy
USDCHF is weakening!Hi guys, i'll briefly explain why i'm shorting this pair. The black line that you see represents a 4hr structure level; the yellow box represents the reversal zone based off of the daily chart. As the price reached this two level it started to slowing down. In addition, it gave us some signals that maybe wants to go lower: the first indecision sign is provided by the pinbar that you see highlighted with the red arrow, and it's also been followed by a red candle that closed below the previous opening. Also, the level lines up pretty well with the 618 retracement of the impulsive move down. Rsi divergence tells us that the upward momentum is running out of fuel. Stops above the highs, target1 at the 382 retracement of the previous move, target2 at the 618. If you want to share your idea about this or simply ask questions, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
9
USDCHF is showing us weakness!Hi guys, i'll briefly explain why i'm shorting this pair. The black line that you see represents a 4hr structure level; the yellow box represents the reversal zone based off of the daily chart. As the price reached this two level it started to slowing down. In addition, it gave us some signals that maybe wants to go lower: the first indecision sign is provided by the pinbar that you see highlighted with the red arrow, and it's also been followed by a red candle that closed below the previous opening. Also, the level lines up pretty well with the 618 retracement of the impulsive move down. Rsi divergence tells us that the upward momentum is running out of fuel. Stops above the highs, target1 at the 382 retracement of the previous move, target2 at the 618. If you want to share your idea about this or simply ask questions, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1