Forex Market Analysis And Trading Tips Sorry guys....... the USD/JPY went horribly wrong, let me make up for it with this one!
The primary trend of USD/CHF is bearish on charts and price is trading below the trend line in its hourly chart. In four hourly chart the price is sustaining below 200 day SMA and below resistance of 50 day SMA indicating downtrend of the pair. It is having an important resistance at the level of 0.98250 and support at the level of 1.0000. If it breaks its resistance level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.
INDICATORS:-
MACD is sustaining in its negative zone indicating the bearish trend in the pair.
RSI is sustaining near its selling zone indicating the upcoming bullish trend in the pair.
STRATEGY:
USD/CHF is looking bearish on charts for next few trading session. One can go for sell on lower level strategy for this pair for intra day to mid term positions in it.
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6S (USDCHF mirror) - JANUARY INTRADAY FORECAST!Hello Traders!
Happy New Year!
We would like to present, intraday forecast - 6S (USDCHF mirror) on january 2016y, as an additional EWA, confirming 6E (eurusd) intraday forecast, within the correlation method of analysis. Besides, take a look at forming model of B.Wolfe's waves.
Methods of price analysis: EWA/EWP, Market Profile, Delta&Cluster, Volume , Fibonacci.
Suppose that this week (close to wednesday), the price gradually rises to strong resistance 1.00180, next we will see the creation process of cumulative delta and then expected bearish impulse! All the important prices you can see on a chart. (please pay your attention to the double variations of EWA/EWP)
We wish you all the best in New Year!
Sincerely your's Powerful Traders!
USDCHF Potential bearish Cypher patternWhile we are waiting for the original Bullish cypher to complete after the double bottom, this pattern turned up, so if price retraces during the trend continuation we got a chance to ride it down a little but. Its counter trend so we only have 1 target! RSI is floating in the middle just as the price is in the middle of the two patterns, so lets see whats going to happen. Remember NFP tomorrow if you enter a trade manage it live during the news event.
Kind regards
Thomas Jeff