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USDCHF Market Analysis and Trading Tips 11th August 2016 SUMMARY:
The USDCHF pair bounced slightly during the course of the day Wednesday, using the 0.9733 level as support. At this point in time, the market is looking bearish. The primary trend of USDCHF is bearish on charts and price is trading below its support trend line in its hourly chart. In its daily chart the price is sustaining below 100 day SMA that are appears on the above image indicating downtrend of the pair. It is having an important resistance at the level of 0.9775 Support at the level of 0.9733. If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.
INDICATORS:-
MACD is sustaining in its negative territory indicating the bearish trend in the pair.
RSI is sustaining in its selling zone indicating the upcoming negative trend in the pair.
STRATEGY:
USDCHF is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it.
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USDCHF : Another Fx pair, another breakoutI hope in post itself I explained everything about the breakout trade setup in USDCHF, if any explanation needed , feel free to leave a comment.
Happy Trading !
USDCHFReversed at turncoat area, we have a broken trend line, either way for a retest of the trend line or buy with a large SL around the turncoat area.
USD/CHF IS TESTING SUPPORT AREA, WATCH FOR BULLISH SIGNAL.Some correction occurs on USD/CHF. The price has pulled back into the reference area at 0.9744-0.9734. Remains bullish as long as the support at 0.9734 remains intact. As intraday trading strategy, you must get bullish signal confirmation within the reference area in order to go long with potential target at 0.9835-0.9884
USDCHF sale part 2We have a broken trendline here and currently the price is stuck in a wedge, expecting a break in the wedge to the downside. Sell only after a clear breakout.
SL : 0.99536
TP : 0.97007
USDCHF on sale 75% off on selected items- Broken trend line on 4hr time frame and daily
- In daily we just crossed over the overbought area in RSI
- MACD about to cross in daily and it already crossed in 4hrs
- Ratio so good I don't know what to do with myself.
- DXY also broke a trend line to the downside, so am expecting dollar to weaken
USDCHF SHORT ::: RISK CALL :::The reason why we feel EURUSD may SINK.
* On weekly basis it has just started moving DOWN.
* Bullish Engulfing in weekly Chart .
* To SINK and come near .9627 levels
* Stoch RSI (3,3,14,Close) is Sinking.
* RSI (14,CLOSE) is Sinking.
* CCI (20,CLOSE) is Sinking.
Keeping all the above indicators in view along with the chart pattern we expect it to SINK. Our SELL call shall be from SELL BELOW :.9816, SL:.9826, Tgt 01:.9627. The view expressed here is on weekly basis. [b ]Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.
USDCHF SHORT WEEKLYWe expect USDCHF to sink on weekly basis.
*CCI is sinking
*RSI is sinking
*STOCHASTICS RSI is sinking
We would like to short USDCHF bellow: 0.9906 SL: 0.9921 TGT 01: 0.9870 TGT 02: 0.9854 TGT 03:0.9803. [b ]Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing .
USDCHF LONGThere are many reason why we feel it may Rise.
* It has formed hammer 2 weeks ago in weekly chart .
* To Rise and come near 1.0026 levels
* Stoch RSI (3,3,14,Close) clearly states it may Rise.
* RSI (14,CLOSE) Is also of the same view.
* CCI (20,CLOSE) Is also sinking.
Keeping all the above indicators in view along with the chart pattern we expect it to sink. Our sell call shall be from Buy above: 0.9976 sl@:0.9962, Tgt 01:1.0010 Tgt 02:1.0026, Tgt 03:1.0075
We are expecting this to happen shortly. Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.
Forex Analysis and Trading Tips - 22nd Feb 2016USD/CHF ( DAILY )
RECOMMENDATION: SELL
SUMMARY:
The secondary trend of USD/CHF is bearish on charts and price is trading below the trend line in its daily chart. In daily chart the price is sustaining above 200 day SMA and taking resistance of 50 day SMA indicating downtrend of the pair. It is having an important resistance at the level of 1.0005 and support at the level of 0.9660. If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.
INDICATORS:-
MACD is sustaining in its negative territory indicating the bearish trend in the pair.
RSI is sustaining in its selling zone indicating the upcoming bearish trend in the pair.
STRATEGY:
USD/CHF is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it.
USDCHF LONGUSDCHF Poised to go up.
There are many reason why we feel USDCHF may rise.
01. It could not touch quarterly sell level.
02. Hammer & Bullish Engulfing pattern in daily Chart.
03. To rise and clear quarterly targets it has to come down to gain momentum for up move.
04. Stoch RSI (3,3,14,Close) clearly states the USDCHF may rise.
05. RSI(14,CLOSE) Is also of the same view.
06. CCI(20,CLOSE) Is also rising.
Keeping all the above indicators in view along with the chart pattern we expect USDchf to rise. Our Buy call shall be from Buy above:.9919 with a SL @: .9889 Tgt01: .9992 Tgt02: 1.0025 Tgt03: 1.0127. We are expecting this to happen shortly. Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.
