A flag has been formed confirming continuation of the upward trend.
USDCHF seems to be exhausting after long term uptrend. We look to take advantage of a correction. The USD news tomorrow might kick start that correction. Major trade watch ahead for tomorrow. Target should be the uptrend line from the weekly chart.
A perfect flag seen on the daily. Short positions should be entered. Stoploss at 1.60682. Tp at 1.58569
Expect pull-back to the 0.786 fib level and bullish move upwards after that to the upside
A possible long opportunity presents itself. Price is approaching the long term support trend line.
Pair approaching critical zone. Reversal or break possible.
FURTHER DOWNWARD MOVEMENT TO LOWER BOUND OF UPWARD CHANNEL EXPECTED. REALLY GOOD SETUP.
Further downward movement is expected after strong bearish move down. Long term range to hold up.
The downward trend should continue next week till the lower end of long term channel.
A double top was formed at price seems to be following a downtrend. A pull back is been formed so we expect price to continue falling. Price also in heavy sell area.
Downward trend seems to follow the channel. Expect price to reach major support at 1.19125 using the channel. Trade is invalid if uptrend line is broken.
Trend still in longterm consolidation so we look to take advantage. Price to target the 112.570 level.
A breakdown or reversal might happen at this point. A reversal would look to continue the upward channel. towards the 1.466 price. A brekdown would head towards the previous support at 1.30975.
Daily bar closed strong upwards. Signs of reversal can be seen on the hourly chart. Slow downward movement means weakness of bears. Consolidation to the upper bound to follow.
Major support is targeted after upward trend line was broken. We look to take advantage of the opportunity.
Structure shows pair is heading for double top at previous high. We look to take the opportunity.
We are waiting for the break of previous resistance and a test as support to confirm the continuation of the uptrend. Possible long positions to the 1.95 level is possible in the coming months.Should definitely be on your watchlist
The pair is currently on a long term uptrend to possibly the 1.50 mark. Its currently in a pull back bear formation. Wait for the bear flag to break above before entering long positions.