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Usdchfidea

USDCHF Will this move happen?The situation in this currency pair look pretty clear. In monthly: The price is currently moving sideways within a range. The price is currently in supply area where we can expect a rejection to the downside. Weekly The price has made an explosive move to the upside creating a price imbalance. We could expect a correction to balance the price. Daily The situation in daily is the same as weekly. We could expect a correction to the downside to cover the imbalance. According to the technical analysis we could expect a move to the downside.
Short
by Wiiso
3
USDCHF | Approaching to Key LevelUSDCHF is trading in a range on daily time frame and approaching to it overhead resistance. This resistance is not broken from April of last year. Two senarios to look here. a) Bullish: The price action will take a stop a bit at resistance zone and then starts its upward journey again. The upside looks good if it manages to break the resistance. b) Bearish: The price action will take a hit and price reverses. One can do short from the top with stoploss on top of resistance. Trade your levels accordingly.
by JustTradeSignals
3
USD/CHF DAILY BUY SET UPHi TRADERS this is my trade set up for the USD/CHF for the new week ahead USD/CHF pair is coming up to area of resistance again and has touched 2 times since it last broke through, if it breaks through this time I can see a strong move higher, so we are buying only This is my analysis only please trade with caution and risk management in place clean crisp charts I hope it helps if you have any questions please private message me good luck for this weeks trading please follow like and comment thanks
Long
by Costy13
3
CHF - Longer term: Where to next? And why does it matter?$CHF Longer Term Time Frame Where to next? And why does it matter? As we head into month end, it's when I am looking at the monthly time frames to indicate to me the key important areas we are in and how will the candle close. CHF and many of the other G10 spot currencies are at very interesting areas longer term, if these key areas were to end further in the momentum it's going we will be have further clear clarification of price action. Technical View: Pattern - Within a wedge formation a break to either direction confirmation is needed. However, if we was to go above 50EMA and a close above 0.94800 areas then bulls will gain further control towards upside towards 0.99850 -1.10000 areas. If we don't and we always have the beautiful support of 21EMA anywhere below that we go towards support range of 0.91550 areas. Fundamentals: CHF known as safe havens... As precious metals decline further ( A chart was shared on the private groups I am part of) and with Feds Hawkish we've had a lot of bids coming in for DXY, it's part of the market rotation and this may accelerated further. March meeting FOMC is expected to do it's first rate hike. However, don't forget we want get at a great bargain and stick to your trade plan. (Do you realise the pattern yet?) Key Tip: Longer TF = Shorter TF movement! Trade Safe TJ Disclaimer: Not Financial Advice
by Trade_Journal