CHF/SGD is weak and we can expect it to continue it's bearish trend further below on the long term this next few weeks *as long as the 50 EMA holds as resistance on the daily timeframe. It may make some pullbacks up but it is nothing to worry about as long as it never finds support. The reasonw why I leave my SL higher than the 50 EMA just in case. This is a...
- Candle forms major structure, and works as future pivot. - The strength of such support area could be measured how high the price followed by the candle signal has reached - we take another candle signal (i.e. Bullish Engulfing or Big Green Candle) as point of entrance - Take profit :)
The price has rebounded just below the first 0.9964 support on the 1W chart and according to the monthly RSI = 47.462, STOCH= 45.454 and Highs/Lows = 0, should rise towards the first Resistance at 1.0591. Our target is 1.0469 where the SL will be moved in profit in order to chase after the Resistance extensions safely.
Currently the market is accumulating longs while waiting for ECB to hike. SNB should follow up with a hike and this thing should shoot up. Caution: Your broker might increase the margin requirements.
USDCHF H3 chart You can see the area where you can trade above. The direction in which the blue line breaks accelerates the price movements in that direction. The formation shows you will fall down. You can see that formation on the daily chart at below. ***This information is not a recommendation to buy or sell. It is to be used for educational purposes...
On CHF/USD H1 we have an Uptrend Line giving support to the prices, the same one realized one bullish wave with support in 50 % of Fibonacci, after that, we traced one expansion with a target in 100% of this wave. LONG ENTRY PRICE: 1.0554 TARGET: 1.0622 STOP: 1.0474
Short CHFUSD @ 1.0732; TP @ 1.0517, SL your choice
DXY is forming an Inverted Head & Shoulders awaiting Breakout. Cheers!
Short CHFUSD @ 1.0519; TP @ 1.0309, SL your choice
I think having a cash position in CHF makes sense here, so, if your margin accounts have $USD as default cash/balance currency, I'd reccomend swapping it for $CHF. I see a potential continuation of the monthly uptrend in the Swiss Franc, which would send this pair easily 15% higher within a year. Best of luck, Ivan Labrie.
If we could retrace into 1260 it would be ideal. We're about to touch near term resistance at 1290, so expect some profit taking. This is what I'd consider "an obvious trade." Obvious trades tend to run away from ideal entries.
Bearish Opportunity until 1.0199 Wish all the best! Aameen. Note: We are not responsible for any action you have made on your trading activities.
Perfect Gartley 61.8 XA and AB = CD at 78.6. Go down to the lower timeframes and make the good risk to reward ratio trades as the target levels are around 0.9700.
In this chart I analyze the recent uptrend in the Franc. It appears to have ran into a wall, where the election day's low and the Brexit low sit, as well as a massive volume level, which will take time to break. I'd rather be flat here, and wait, we can look to buy dips in this or the Euro, or Gold or Silver probably meanwhile. This can serve as a hedge against...
Price can hold on strong resistance level , forming a bullish bat pattern .