Continuation of the trend... USDCHF Short (on screen analysis)USDCHF is in a Down trend and made a Lower High last week. Price got rejected around 0.95500 and now we wait for the Counter trend to break. I suspect Price to make a Lower Low around 0.90700 which is an old Weekly Support and Resistance level from May 2015.
Trade with patience. I will keep you posted!
Usdchfsell
USDCHF#4--->Time to Sell:Good day, dear #investors and colleagues #traders!
Your attention an analytical look at the currency pair #Usdchf:
The asset closed the week with corrective growth, adding 135 points or + 1.45% as a result of the close.
Range coefficient also rose slightly to 390 points.
#Technical analysis:
Globally (D1):
The currency pair begins to consolidate at the lower border of the downward channel and if today closes below 0.9480, it can be argued that the asset has found its resistance zone.
Locally (H1-H4):
For the pair, the weekly resistance that it found at the lower border of the downward channel is extremely important. Moreover, the average trend is also starting to turn south.
The resistance zone for the asset is 0.95-0.9550.
Mathematical resistance and support levels for this week:
a) Resistance: 0.9660 / 0.9808;
b) Support: 0.9420 / 0.9720;
#Indicative_analysis:
* Leading indicators: These fund indicators currently show a normal state, although close to the potential sales area.
* Price behavior indicators: These fund indicators demonstrate that the price demonstrates the possibility of opening short positions.
* Trend indicators: At the time of writing, they are close to a reversal.
Bottom line: It is possible to open short positions from 0.9490 to 0.9525 with #stoploss 0.9580 and #takeprofit 0.9250.
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Participants can track data in the public monitoring of the fund.
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USD/CHF SELL SIGNALHey tradomaniacs,
welcome to another free signal!
Important: Wait for the breakout of the current trendchannel and sell the retest after rejection.
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Type: Daytrade
Market Sell: 0,94500
Stop-Loss: 0,95275
Target 1: 0,93800
Target 2: 0,93240
Target 3: 0,92440
Stop-Loss: 77.5 pips
Risk: 1-2%
Risk-Reward: 2,5
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Peace and good trades
Irasor
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USDCHF#2--->Hold sell from usdchf#1:Good day dear #investors and colleagues #traders!
Your attention a technical analysis of the currency pair #Usdchf:
#Comment_to_past_week:
The currency pair long and stubbornly did not want to give up and continued to go up until it met resistance in the zone of 0.9840-0.9845. Which, nevertheless, was able to deploy the asset to the south and by the close of the week the pair lost about 39 points (0.39%).
It seems that the story of the #coronavirus will not go away as easily as the main central banks of the world calculated, it will not be possible to fill it with money. And of course, as soon as market participants accepted this fact, protective assets began to be in sharp demand, and #franc was one of such assets.
#Technical analysis:
Globally (D1):
February helped #usdchf form an uplink, which is currently being tested for strength. It is imperative to understand whether it can withstand the pressure of sales in global stock markets. To do this, traders need to monitor the 0.9720 zone and how the pair will be redeemed from 0.9710 (61.8% Fibonacci). In the case of consolidation below 0.9710, we can see the next target at 0.9680.
Locally (H1-H4):
Locally, a fully formed downtrend of February 21 is observed. Yesterday, the currency pair came out of the triangle, which strengthened the position of the bears.
However, they came close to the price range, in which there were a lot of support zones, potential demand, and it was they who would decide whether usdchf would keep the global upward movement.
By tradition, we call the weekly support and resistance zones:
A) Support: 0.9752, 0.9722 and 0.9675;
B) Resistance: 0.9830, 0.9877 and 0.9907;
#Orders_and_position:
We continue to hold a previously open position sale from 0.9816 with #takeprofit: 0.9720 (We reserve the right to keep take_profit below) and #stoploss: 0.9864.
This position will be transferred to breakeven.
We will refrain from opening new positions.
Regards to subscribers,
Ltd ”Wermelgion and Partners Investment”
!Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion and Partners Investment” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
USDCHF: Sell Trade SetupThanks for Taking Interested in my Trading Idea.
USDCHF: Sell Trade Setup
According Price action rejection market need to flow down side.
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USDCHF#1--->Sell Again:Good day, dear investors and colleagues traders!
Your attention a technical analysis of the currency pair #Usdchf:
* Commentary last week:
The currency pair continued its smooth growth, which began on February 1. This week the pair rose by 19 points (or 0.19%). Our previous recommendation caused a loss, as an even more aggravated fall in the euro pushed the dollar / franc to a new maximum.
* Technical comment:
The pair continues to be in the upward channel from February 4 and the channel continues to expand, however, the current oversold condition, the presence of divergence, suggests that a correction should occur in the near future.
R - coefficient also decreases, demonstrating the complexity of further growth.
Support and resistance levels for the current week:
- Resistances: 0.9848 and 0.9875
- Supports: 0.9766 and 0.9713
* Orders and positions:
Our valuation system continues to consider the currency pair overbought and sales from current levels becoming even more interesting in view of the presence of divergence on a 4-hour time frame.
Thus, the potential deal this week for the dollar / franc is as follows: selling from current values with #stoploss 0.9864 and #takeprofit 0.9720
(! Attention, these are preliminary price levels and we reserve the right to change them in our trading).
Best regards,
Ltd ”Wermelgion and Partners Investment”
!Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion and Partners Investment” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
USDCHF shortMaybe I jumped in a little early, bu I only took half size position as I used to. RR is okay, and I think we have a good chance to retest the lows and making new records. Also we are very near to a historical congestion zone on the monthly chart. If you check the price level 0.9603 we can see that from that area below many times price has tested those levels. It might just happen again.
Cheers everyone, and happy monday! :)