USDCHF Short Play --> Potential for 20:1 R:RBased on current price action you can see the trend is creating consistent Lower lows and lower highs.
Based on the two latest structure points, you can see price has retraced to the 78.6 fibonacci extension, and we've now had multiple rejections of the fib.
Keeping stops very tight here, but with USD looking weak, the short play looks highly favourable
Take profit at $0.89662
Hope this helps.
Usdchfsignal
Here's the One USD/CHF Chart to WatchU.S. Dollar / Swiss Franc is very close to hit lowers highs line and apex isn't far from here. According to this chart, upper breakout possibilities are higher compare to downward.
For short-term traders:
Target Price 1: 0.91200
Target Price 2: 0.91500
For long-term investors:
T arget Price 1: 0.91800
Target Price 2: 0.91920+
Look into the chart, USDCHF has tested 5.7 years low after breaking out the support trendline.
Therefore, short position cannot initiate after breakout of higher lows line. A downtrend will start the support trendline breakout only. That can be for 0.90500 to 0.90250 levels.
USD/CHF Technical Analysis
The counter is currently in sideways consolidation.
It made a false breakout at the lower end of the range and has crept in and now forming a symmetrical triangle pattern.
We expect the triangle to render a bullish breakout and push the price to the upper end of the range for now.
USDCHF ::: BULLISH24 AUG 2020
INSTRUMENT: USDCHF
TIME FRAME: DAY
CONFIRMED: 4h, WEEK
INDICATORS:
ICHIOKU KINKO HYO
STOCHASTICS
BUY ABOVE: .9136
STOP LOSS: .9122
TGT 01: .9171
TGT 02: .9187
RISK DISCLOSURE
Technical analysis of FOREX and INDIAN MARKETS. We are not SEBI REGISTERED ANALYSTS The views expressed here are for our record purposes only. Please consult your personal financial advisor before investing. We are in no way responsible for your profits/losses what so ever.
USD/CHF Making A Symmetrical Triangle & NEXT MOVEPut your eyes on the support level trendline ( ST ) and dynamic resistance ( DR ) first, USD/CHF is creating a symmetrical triangle. It's also changing trend by hitting at ST or DR . At present, it's at ST.
By that means, it will touch T1 ( 0.9120 ), T2 ( 0.9160 ), and T3 ( 0.9180 ) soon.
And yes, don't forget to notice the rejection zone , tail , and Stoch RSI ( throwing a sell signal ). It helps to identify the next moves.
U.S Dollar / Swiss Franc may show sideways movement or try to test the last rejection zone low level ( 0.9082 ). It can be fake candles.
As I described in the chart, the downtrend starts after breaking our 0.9082 level. And consecutive ( 2 or 3 ) -negative candles required to start it. That will blast USD/CHF directly to 05 Aug's low-level . Afterwards, 0.9020 - 0.8990 levels.
USDCHF Long Deflation Phase incommingUSDCHF Updated idea Longs added at 0.90600 , will keep adding at corrections with target 1.02, I believe strong dollar is comming off because we will have another deflation phase as we had on february where all stocks crash of a strong dollar comming off, DXY is oversold at 93 (still a high number) and just made a double bottom!
Good luck everyone
USD/CHF Technical Analysis
The counter is currently in sideways consolidation mode.
It is currently in its lower end of the range and the short-term indicators show signs of oversold condition.
Further, the wave interpretation deems a wave C move to the upper end of the range.
Hence, we expect the pair to be bullish in the near-term.
USDCHF Bearish and going under 0.90Yesterday it gone above 0.92 but today it has almost retraceback yesterdays high. Trend on all time frames is still bearish and It long term charts pointing going under 0.90 towards 0.87.
Entry is at market 0.9158
Stop 0.921
Profit target towrads 0.907, 0.9015 and 0.875.
Potential Long Trade in USDCHFUSDCHF has reached a long-term support level from where it could bounce up. I have already started buying USDCHF with my latest buy at 0.9172.
This trade is based on the weekly chart. So, one has to wait patiently to see how this plays out over the course of the next few weeks.
I like this set-up because of the good risk/reward ratio and the potential profit will be much bigger than the amount I am risking. There's a big chance that USDCHF will bounce from this area and reach 0.99 level.
USDCHF 1H FORECASTHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied
Pretty good long opportunity for USDCHFIt seems like we can have a good long trade opportunity for USDCHF.
On the 1h chart, we have a pretty strong support on the Fibonacci S3 level.
RSI is a bit oversold and we have a nice crossover on MACD.
Disclaimer
Please remember that past performance may not be indicative of future results.
Due to various factors, including changing market conditions, the strategy may no longer perform as good as in historical backtesting.
This post and/or the script don’t provide any financial advice.