USDCHF Long Opportunity!UCh Gonna bullish! This pair create hidden bullish divergence with bullish butterfly!
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
1st TP: 0.9260
2nd TP 0.9310
Happy Trading!
Usdchftrend
Here's the One USD/CHF Chart to WatchU.S. Dollar / Swiss Franc is very close to hit lowers highs line and apex isn't far from here. According to this chart, upper breakout possibilities are higher compare to downward.
For short-term traders:
Target Price 1: 0.91200
Target Price 2: 0.91500
For long-term investors:
T arget Price 1: 0.91800
Target Price 2: 0.91920+
Look into the chart, USDCHF has tested 5.7 years low after breaking out the support trendline.
Therefore, short position cannot initiate after breakout of higher lows line. A downtrend will start the support trendline breakout only. That can be for 0.90500 to 0.90250 levels.
USDCHF linked UPDATESGreetings Traders
Further continuation.
We saw a sharp reversal higher Yesterday, posting a bullish ‘key reversal day’ to suggest we might see further corrective upside in the near-term, which ideally is then capped by 0.9553.
Thus, 0.9553 will determine the direction of the pairs.
USDCHF Ascending Triangle Pattern.USDCHF is trading in an ascending triangle pattern, which is a bullish pattern. It has tested the resistance line of the ascending triangle the third time and reverse from that point. We might see, the price level will come down to the support line of the ascending triangle pattern. For the short term, one can trade on the short side for the target as an ascending triangle support line.
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USDCHF Consolidation Range for Long.USDCHF is trading in channel pattern, but in the very narrow range, we might see in some more time it will trade in channel pattern. Also, it is facing various resistance for upside movement, so the upside move will be very restrictive in USDCHF. One can trade on USDCHF for very few pips on the upside.
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Note - Trade With Proper Risk Management
USDCHF short opportunity! On screen analysis...Hi All,
Last week I traded this pair with succes and was waiting on a new opportunity to go short again. The Down trend is still intact and Price got reject several times at a historic S/R level @0.96850. My momentum indicator shows a bearish pattern once again so I'm confident Price will start dropping very soon.
Be patient and ride the waves... StopLoss is @0.97500 and Target as shown @0.94600
SELL USD/CHF at MARKET .9648My specialist indicator is flagging this pair as a SHORT trade.
With the Dollar Index under 100 and falling , USD SHORTS are worth exploring. On the daily chart the BEARS look to be well in control of this pair and with WS1 pivot below current price and under WPP Mid-Pivot, a run towards WS1 and the bottom of the shown channel is favourite.
I'm in at .9448 (green trend line) with a 83 pip STOP at .9731 and a TARGET of .9500 - which would be +148.
As usual, I'll be moving the STOP to BREAK EVEN or better as the trade progresses.
Might take a few days to hit target but its a set and forget trade that I expect to score with.
Buying trend in channel for USDCHFHey folks, how's it going???? Here we have caught USDCHF in its uptrend channel. The pair seems to hit its support at 0.98781 and started moving upwards. In this H1 chart the pair started making higher high inside that channel. As per our analysis the pair will move in that channel while going towards its resistance. Since the pair is not going directly but inside a channel it might take some time.
Let us know what you people think. Whats your short/long term view.
Happy trading.
Ryan.R.Lopes
Continuation of the trend... USDCHF Short (on screen analysis)USDCHF is in a Down trend and made a Lower High last week. Price got rejected around 0.95500 and now we wait for the Counter trend to break. I suspect Price to make a Lower Low around 0.90700 which is an old Weekly Support and Resistance level from May 2015.
Trade with patience. I will keep you posted!