Usdchfsignal
USD/CHF Technical Analysis
The counter is currently in a triangle pattern, which shows uncertainty in the near-term.
With no vaccine for the pandemic and no fresh stimulus around the corner, the market is expected to continue its range-bound movement.
Hence, we expect the pair to move to the upper end of the triangle for now.
USDCHF [ Analysis for the Week ahead ]Simple Analysis for USDCHF :
Overall trend is bearish, we have more downside targets to hit however, if current price holds we could see a new pullback to above SUPPORT & RESISTANCE Area then we'll look for SELL. Otherwise, if price action gives enough confirmation we may look for SELL from here.
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USDCHF - BUYOnce price breaks support then buy to the green area
Price is ranging on the daily so I imagine it will stay bouncing around for a while before going back up
USDCHF - BUY
SL - 0.94804
TP - 0.95958
SELLING OPPORTUNITY ON USDCHF USDCHF is currently showing potential for further bearish momentum. i will be looking for price to find support around where it is currently trading to then move bullish to create an opportunity for entry. Entry , stoploss and take profit levels have been marked.
Do no risk more than 2%
USDCHF buy for 80 pipsWe have witnessed some downside movement on this pair and just printed a reversal candle at a major level and hence we anticipating a trend reversal. I'm expecting CHF to weaken over the comning weeks and that should also help the cause.
I have gone long on this and marked the tp and sl for you as well.
Let me know your thoughts.
Trade safe and good luck.
USDCHFTime = 4H
– Structure = Downtrend
– Pattern = Asymmetric Triangle
– Tendency = Downtrend
We're expecting some pullbacks for more confirmations.
Only Sell if the Price breaks below the Sell Stop.
GOOD LUCK
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USDCHF potential bounce!
USDCHF expected to reverse up to 1st support at 0.96105 where it could potentially react and bounce to its resistance at 1st resistance at 0.96458.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCHF Market Structure AnalysisIf it is useful for you, support that with your likes/comments and if you have your market view, please share it in comments
also, you can ask me questions...
Have a great day everyone!
USDCHF Market Structure AnalysisIf it is useful for you, support that with your likes/comments and if you have your market view, please share it in comments
also, you can ask me questions...
Have a great day everyone!
USDCHF approaching resistance, look out for potential reversal!
USDCHF is approaching its resistance at 0.97430 where it is could reverse down to its support at 0.96638.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCHF potential bounce!
USDCHF expected to reverse up to 1st support at 0.96566 where it could potentially react and bounce to its resistance at 1st resistance at 0.97840
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
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.
USD/CHF Short PositionHypothetical scenario:
(1) Entry @ 0.97850 (Sell Limit)
(2) Stop Loss @ 0.98150 | 30 pips
(3) Target @ 0.97200 | 65 pips
(4) R:R = 1:2
