SXY trade ideas
What to expect from the Swiss Franc Index? - 01What to expect from the Swiss Franc Index?
The big picture.
Short Mr FrancSorry for the busy markup (haha!). Mr Franc appears to have come due for a nice correction short here, expected to be a bearish trend. He has reached a nice resistance from structure. Lets checkout those Swiss pairs =)
SXYSWISS FRANC CURRENCY INDEX has been trading down with lower highs and thats indicates to more highs , the currency is forming a down channel with rejecting from MA 100 150 200 its more bearish .
As you can see also MACD and RSI is going down thats only confirmation because as we know indicators doesn't predict the market its only follow .
I am Guessing that USDCHF will fly high very soon due to bullish analysis for DXY .
Thanks
SWISS FRANC CURRENCY INDEX (SXY) DAILY TIMEFRAME SHORTThe Swiss Franc currency index is currently moving in a series of lower highs and lower lows, characteristic of a downtrend. The price is clearly moving downwards with brief correctional pauses as shown by the ascending wedges and bear flag chart patterns. I am targeting a short trade toward the 97.8 area, which will be my profit taking zone. This area represents a potential buy zone as it is the bottom of the correctional structure. I certainly hope history repeats itself with this trade and the 90% rule sticks out!!!.
A break above 100 might change my bias a bit, but currently i am targeting the 07.8 price level for profit-taking.
CHF index - how it affect UCHF pair? I usually take TA the indexs, it gives much meaning
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- Ichimoku KinkoHyo -
Forex : swiss Franc currency index - CHF index - longFor me, tracking the chart of each currency is very important. It helps me to have an overall information about pairs of currencies
Hope some recovers will come
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- Ichimoku kinkohyo -
SXY - CHF - Strength Coming Soon?We expect to see CHF continue its pattern.
CHF should see significant and reliable strength starting late this week.
CHF/XXX = / bullish
XXX/CHF =\ bearish
*Generally, (XXX) matters just as much!
Also as we see AUD, USD, CAD, potentially GBP weakness
CHF and these pairs would make good potential trades.
Next few weeks:
Bullish: CHF, JXY (JPY)(LongTerm), potentially ZXY (NZD)
Bearish: USD, AUD, CAD (LongTerm), JPY (ShortTerm), EXY (EUR -will have to wait and see), and Potentially GBP
So...
Knowing the above, potential pairs to look at over the next 3-11 days :
Shorts:
AUD/CHF short
EUR/CHF short
USD/CHF short
GBP/CHF short (not confirmed w/ gbp)
CAD/CHF short (long term due to cxy)
Longs:
CHF/JPY short term long trade (E = 110.7 area)
Hope this makes sense!
KISS = Keep it stupid simple.
SXY CHF Strength Still Rolling In? CHF strength?
Let us know what you think...
XXX/CHF - Bearish?
CHF/XXX - Bullish?
CHF index - False break and returns price channelLook left, Two times retest Support and up.
Now, The same thing occurs with MACD for Long.
Thus, I predict CHF index returns the price channel with a false break.
CHF CURRENCY INDEXwhile i think is very smart and it gives us clear insight of what we trade when we look at the currencies individually .
SXY : Reversal trend is comingSimple trend line
SNR
Waiting to buy swiss franc after price down until blue box
