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Usdchfidea

USDCHF Daily Short! Overview: USDCHF has reached levels that last experienced days of heavy testing dating back 25, Mar 21 through 05, Apr 21. Considering price has approached this zone three additional times, it is likely it will penetrate a little deeper prior to sell-off. 0.94791 - 0.94983 has Confluence of Resistance and could be monitored for reversal cues on smaller time-frame if price gets to this zone. Note: Idea is to complement your research. Check comments section for future updates on idea. Like this idea? Like, Share, Comment, Follow, (...) Thank you. Happy Trading.
Short
by legacyliked
2
USDCHF above 0.9250 onboard basedThe pair gained above 0.9250 onboard based on US dollar buying. The escalation of Russia and Ukraine has increased demand for safe-haven assets like the US dollar. The minor pullback in the US treasury also supported the pair at lower levels. Bullish scenario- The primary levels to Watch – 0.9300. Any convincing surge above confirms intraday bullishness. A jump to 0.9341/0.9380/0.9435/0.9500 is possible. Bearish scenario- Intraday support – 0.92450. Break below that level will take the pair to 0.9170/0.9090/0.9050. CCI (50) - Bullish
Long
by Goldsignal75
USDCHF which currency will be stronger?Hi Traders, As we know investors are turning to safe haven currencies as the global situation is happening between Russia and Ukraine. With USD and CHF both being considered as safe haven currencies, it will be interesting to see which one is stronger within the next weeks to come. Price recently made a double top at the peak expanding structure which gave us a massive drop which price is currently ranging which we may get a reversal off the lower boundary of the struvture which is a potential double Bottom. Keep watching price action for more clarification and development of this movement. Click the like button if this helps you :)
by ktlfx
1