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Usdchftrade

USDCHF SHORT IDEAOverall this pair I believe still has further more downside potential. Now that we’ve rejected some key levels & broken trendline/structure, this makes my bias even stronger for sells on this pair. After such a strong impulse move down. Let’s wait for price to retrace to the 50/61.8 fib level to get a retest of That broken trend-line before considering shorting this pair. Or alternatively wait for price to break daily resistance level and grab a entry on the retest of that level for a bit safer entry.
Short
by waynetrades94
5
Could USD/CHF break the consolidation area?Following its bounce off 100-day SMA, USD/CHF rises above 61.8% Fibonacci retracement of August-October rally. Intraday trading bias in USD/CHF remains neutral first as sideway trading from 1.0027 continues in the formed triangle. Considering the pair’s recent recovery from near-term strong support, prices could retest 0.9950/60 resistance area where is located 78.6% Fibonacci level and the resistance trend line of the formed triangle. However, 200-day Simple Moving Average of 0.9952 may be should continue to act as strong upside barrier. On the upside, a clear break of 0.9978 will target 1.0027 first. Opposite scenario is consolidation from 1.0027 might extend further through 0.9851. In that case, deeper fall could be seen back towards 0.9660 (the low since 13th August). Until we see a convincing break from the triangle, our preferred strategy remains for long positions at the bottom of the range and shorts at the top.
Long
by ForexTrendline
#USDCHF Are we ahead of sharp increases?As you can see in the graph above, the usdchf broke the resistance line at $ 0.9987, the ideal is more serious than breaking and moving away from the area but also a situation like that produces a buy signal. We have the beginning of a green Ichimoku cloud that usually appears before the ascent begins. Target: 1.045 (Because of our proximity to the resistance line if the usdchf returns below the resistance line, see the above signal as canceled)
Long
by xosignals