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Usdchfdaily

USDCHF dropping nicely, remain bearishSell below 0.9958. Stop loss at 1.0027. Take profit at 0.9857. Reason for the trading strategy (technically): Price is dropping nicely from yesterday. We remain bearish below 0.9958 resistance (Fibonacci retracement, horizontal overlap resistance, Fibonacci projection, long term descending resistance, EURUSD negative correlation) for another push down to 0.9857 support (Fibonacci projection, recent swing low support). Stochastic (21,5,3) has reacted off our 92% resistance as expected and has good downside potential.
Short
by theforexarmy
Forex Analysis and Trading Tips - 22nd Feb 2016USD/CHF ( DAILY ) RECOMMENDATION: SELL SUMMARY: The secondary trend of USD/CHF is bearish on charts and price is trading below the trend line in its daily chart. In daily chart the price is sustaining above 200 day SMA and taking resistance of 50 day SMA indicating downtrend of the pair. It is having an important resistance at the level of 1.0005 and support at the level of 0.9660. If it breaks its support 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 territory indicating the bearish trend in the pair. RSI is sustaining in its selling zone indicating the upcoming bearish trend in the pair. STRATEGY: USD/CHF is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it.
Short
by TheBanker
USDCHF Bullish Gartley on daily chartThe USDCHF pair has been doing lots of harmonics recently. After the most recent down leg, a retracement should be in order. The entry signal is a completed bullish Gartley pattern on the daily chart, in confluence with a 1.27 retracement of a nestled bat pattern, and a 61.8 retracement of an imperfect Crab before that. It is reinforced by the inverted hammer candle one day prior. Despite price recently breaking a significant support line in effect since August 2015, the anticipated move up is in line with the greater trend since end December 2014; it is possible that price will exceed the 1.030 high set at the end of November 2015. Stop loss can be placed around the 0.9500 level: 1.618 bat, around 1.00 Gartley (also 1.23 extension of AD leg), and 78.6 of imperfect Crab pattern just prior. Conservative profit target at 38.2 Gartley AD leg (about 0.99196), with a more aggressive one at 0.618 (1.00741). If you want, you can scale out by halves or thirds and shoot for the moon. Risk-reward ratio anywhere from 1:2 and up. Just pick something healthy. All the best!
Long
by BrianSoh
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. www.tradingsignalreviews.com
Short
by piponomics
Short opportunity on USD/CHF D1 - imperfect Crab into BatA very interesting setup on the USD/CHF daily chart. A bearish bat has just completed and is retracing, currently being held by the 50% fib level from A to D. A good point to enter would be after price tests and holds either the 38.2% or 23.6% levels (blue arrows on chart). Stop loss above D leg of Bat at 1.025555. Profit targets at confluence of Crab and Bat fib levels: conservative one at bottom of Bat A leg (around 0.97825), and a more aggressive one at bottom of Crab C leg (around 0.94855). Risk to reward ratios anywhere between 1:6 to 2:3. Just pick something healthy. These are just some levels I would be willing to trade at and are obviously not guaranteed. All the best!
Short
by BrianSoh
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!
Short
by POWERFUL_TRADERS