Swissfranc
EURCHF turning bullish for the rest of the year.This is the EURCHF pair on the 1W time-frame. In the past two weeks, the pair has posted a strong rally, recovering almost all of the late February's losses. The last time that the pair has had a similar two-week rally after contact with the Lower Lows trend-line (bottom) of the Channel Down, was in May 2020. That kickstarted a +1 year (gradual) rise that topped on the Lower Highs trend-line of the Channel and in fact got rejected on the 1W MA200 (orange trend-line).
As a result, our plan on EURCHF is to buy every pull-back for the remainder of 2022, with an initial target the 1W MA50 (blue trend-line) and then the 1W MA200 in extension.
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✅AUD_CHF SHORT FROM RESISTANCE🔥
✅AUD_CHF has reached a supply level
So according to our strategy
We will be looking for the signs of the reversal in the trend
To jump onto the bearish bandwagon just on time to get the best
Risk reward ratio for us
SHORT🔥
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USDCHF Rejected at the top of its Channel Up.The USDCHF pair has been trading within a Channel Up since June 16 2021. This week it hit and so far got rejected on the Higher Highs (top) trend-line of the Channel. Technically we should see the pull-back extending as low as the Higher Lows zone. A reasonable target is just above the zone at 0.9200.
See how well the RSI can give buy signals on its Support Zone and sell signals (such as the current) on its Resistance Zone.
A break-out above the Channel Up, should set in motion a short rally towards the 1.236 and 1.382 Fibonacci extensions at 0.95325 and 0.95775 respectively.
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USD-CHF Wait For Breakout! Sell!
Hello,Traders!
USD-CHF is trading in a rising local wedge
But the growth has stalled after the pair retested the resistance
And I am picking up bearish vibes from the pair
So IF we see a bearish breakout
I would be expecting bearish continuation
Sell!
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USDCHF: Important Breakout & Bullish Continuation 🇺🇸🇨🇭
Hey traders,
USDCHF broke a strong supply area:
the price closed above a major falling trend line and a strong horizontal resistance cluster.
Now the underlined structure turned into a demand cluster.
From that, I expect a bullish continuation to 0.946 - 0947 resistance.
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EURCHF: Classic Bearish Setup 🇪🇺🇨🇭
Hey traders,
Update for EURCHF pair:
after my last post, the price formed a double top formation on 4H time frame
and broke its neckline to the downside.
I opened a short position on a retest.
Bearish continuation is now expected to 1.01 / 0.999
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NZD-CHF Will Go Down! Sell!
Hello,Traders!
NZD-CHF went up sharply, just as I predicted
In my previous analysis
But a strong resistance level is ahead of us
So a bearish reaction is likely
With the retest of the target below
Sell!
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