Usdchftrade
#USDCHF, We are before a serious declineThe candles are located under the Ichimoku cloud.
The candles are placed below the average moving lines 100, 200.
The USDCHF broke the support line by $ 0.9656
All signs show a continuing weakening of the USDCHF so our recommendation will be Sell.
Target: 0.9340
USDCHF Market Outlook | Daily Forex Market BreakdownUSDCHF
The Swissie is Looking amazing. As previously anticipated we have pushed to the downside nicely but now support seems to be holding very well. I like how this looks a lot. Possible trades soon but I believe we shouldn’t get in yet we need to remain patient and wait for a clean entry.
#USDCHF, Ideal time to buyThe USDCHF stopped exactly at the support line at 0.965 and the declines were stopped.
The USDCHF is on the rise.
The RSI has dropped to the 33-point area that it points to Oversold, and 2 times before the indicator has dropped to this area, the USDCHF has averaged 400 pips
Target: 0.9820
USDCHF approaching resistance, look out for potential reversal!
USDCHF is approaching its resistance at 0.97510 where it is could reverse down to its support at 0.9581.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
USDCHF bounced from support, potential for a further rise!
USDCHF bounced off 0.96676 where it could potentially rise further to 0.97510.
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Scope for BUY trades in USDCHFLike the other USD crosses, we have witnessed an extended sell-off in USDCHF too.
As you can see from the chart, USDCHF is in a support area right now. Hence traders can look for BUYs with low risk and high reward.
Potential Long entries can be taken between 0.9650-0.9690 with SL below 0.9610. TPs can be set at 0.9750,0.9800 and 0.9880 respectively.
FURTHER SELLING POTENTIAL ON USDCHF At the moment USDCHF is sitting at critical support and is showing potential for price to retrace ( and gain bearish momentum) before making new lows. If price does indeed move bearish, we will be looking at the two levels i have marked as take profit levels. I would advise scaling out part of your position at the first take profit and allowing the rest to ride risk free.
USDCHF BUY SETUPSusdchf price breakout of a diagonal pattern.waiting for a pullback to buy ... again from my last analysis :)
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Traders! if you like my ideas and do take the same trade, please write it in comment so we can manage the trade together.
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Disclaimer : The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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Thank you for your support!