USDCHF probablity for short 0.9930#USDCHF, monthly key reversal bar dictating for weakness ahead. 16th-20th May strong weekly down bar as a key reversal bar broke two weeks low and closed off the low. 0.9940 first supply zone if failed to hold price next strong supply zone 1.0020-60. Target: 0.9530 if breaks then next target level 0.9500. advise to book profit at 0.9530.
Usdchfsignal
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.
USDCHF LongTime Frame: 1H
Symbol: USDCHF
Entry: 0.96015
TP: 0.96572
SL: 0.95669
Bias: Long
Current price study of this instrument is revealing a short term bullish opportunity. Though it is really difficult to find high probability opportunities or setup nowadays , the average directional bias for this pair is on the bull side. So we are planning a short term momentum trade.
USDCHF NeutralTime Frame: 4H
Symbol: USDCHF
Bias: Neutral
The price pattern of this instrument is showing a neutral position because of the temporary equilibrium between dollar and swiss franc. An obvious change will be noticeable if dollar gets stronger or weaker . But to see that we have to wait a few days.