Get started

Usdchftrade

USD/CHF ReversalTechnical Analysis Looking for a reversal and to ease into some short term positions for USD/CHF, some great low risk short opportunities have present themselves. RSI: Holding Over 70 indicating the currency is still being overbought, however have had a sharp declined indicating bears gaining momentum. MACD: Giving off a valid short signal, as can be seen through the crossing of the MACD line through the Signal line. Something of note is the massive disparity in the volume indicator; we can see on Thursday May 10th we had a huge spike in volume in USD/CHF and have dropped significantly which suggests less interest in the currency usually associated with 'sell signals', although its not indicative in itself therefore should be utilised with other indicators.
Short
by MoneyBodySoul
USDCHF trade channel and price directionUSDCHF H3 chart You can see the area where you can trade above. The direction in which the blue line breaks accelerates the price movements in that direction. The formation shows you will fall down. You can see that formation on the daily chart at below. ***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*** I'm sorry for the impaired expression..Just watch the chart, not what I write. :) PS make sure you give me a like, If you LIKE this analysis .... If you like most of my analyzes, FOLLOW me . USDCHF Daily Chart
by KasaDairesi
USDCHF Approaching Major Support, Prepare For A Bounce USDCHF is approaching major support and we can expect a bounce soon. Buy above 0.9499. Stop loss at 0.9459. Take profit at 0.9582. Reason for the trading strategy (technically): Price is approaching our major support area of 0.9500 (Fibonacci retracement, Fibonacci extension, horizontal overlap support, Elliott wave structure) where we expect a bounce from to push prices all the way up to major resistance at 0.9582 (Fibonacci extension, horizontal swing high resistance, Elliott wave structure). We can already start scaling into our position when price is at the 0.9510 level. Stochastic (89,5,3) is seeing strong support above 2.8% and we expect prices to bounce up when it’s around that level.
Long
by MEX_Exchange
8
USD Rallying Against Swiss. Current Trade in Profit.Last Friday (Yellow Triangle on chart) I pointed out that I thought the Franc would yield up some turf to the Dollar, which seems to be the case this week. Right now the Dollar is testing recent supply area. I've drawn in a new support trendline, but the Swiss is a hard nut to crack. Price action will need to close above area of supply resistance. If that happens I'll be adding in an additional lot or two. I'm currently LONG from 0.93878 with Target 1 @ 0.97275 but will take 0.968 as a more conservative target if momentum starts to dwindle.
Long
by jrashaadtrades
USDCHF target reached perfectly, potential for a bounce!USDCHF has dropped strongly and reached our forecasted support. We’re now seeing major support above 0.9408 (Fibonacci retracement, horizontal overlap support, Fibonacci extension) and a strong bounce could occur at this level to push price up to 0.9465 resistance (swing high resistance, Fibonacci extension). Stochastic (34,5,3) is seeing major support at 5.6% where a corresponding bounce could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Tickmill
2
USDCHF profit target reached perfectly once again, time to buyIntro: USDCHF dropped strongly from our selling area and reached our profit target. Time to start buying again. Buy above 0.9408. Stop loss at 0.9375. Take profit at 0.9486. Reason for the trading strategy (technically): Price has dropped strongly from our selling area and reached our profit target perfectly. We are now seeing major support at 0.9408 (Fibonacci retracement, horizontal overlap support, ascending support) and a strong bounce could occur at this level to push price up to 0.9486 resistance (Fibonacci extension, horizontal swing high resistance). Stochastic (34,5,3) is seeing major support above 3.3% where a corresponding bounce could occur.
Long
by MEX_Exchange
USDCHF has risen strongly, now testing major resistance!USDCHF has risen strongly and is fast approaching major resistance at 0.9466 (Fibonacci extension, horizontal swing high resistance) and a strong reaction could occur at this level to drive price all the way down to 0.9405 support (Fibonacci retracement, horizontal pullback support) before 0.9324 support (Fibonacci retracement, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance at 96% where a corresponding reaction could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by Tickmill
USDCHF testing strong support, prepare for a potential bounceUSDCHF is testing major support at 0.9589 (ABC Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) and a strong bounce could occur at this level to drive price up to at least 0.9695 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic (55,5,3) is seeing major support above 0.5% where a potential corresponding bounce could occur. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Tickmill