Usdchftrade
USD/CHF ... Same view as Morgan StanleyUSDCHF has under-performed in the broad USD rally. Interest rate differentials for both 10 and 2y maturities imply USDJPY should trade above parity.
CHF remains a risk sensitive currency but the magnitude of the moves are smaller than for the JPY. Expectations for fiscal easing in the US are helping the USD and risk appetite, which is good for this currency pair.
While EURCHF has fallen through the beloved 1.08 level and looks for lower I suspect the downside for EURCHF is likely to be limited with the SNB standing ready to intervene to support the lower boundary.
In any event focusing on USDCHF as it has diverged from where relative yield differentials suggest it should be trading.
The risk to this trade is an equity market sell off or turnaround in US yields.
USDCHF Market Analysis and Trading Tips 11th August 2016 SUMMARY:
The USDCHF pair bounced slightly during the course of the day Wednesday, using the 0.9733 level as support. At this point in time, the market is looking bearish. The primary trend of USDCHF is bearish on charts and price is trading below its support trend line in its hourly chart. In its daily chart the price is sustaining below 100 day SMA that are appears on the above image indicating downtrend of the pair. It is having an important resistance at the level of 0.9775 Support at the level of 0.9733. If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.
INDICATORS:-
MACD is sustaining in its negative territory indicating the bearish trend in the pair.
RSI is sustaining in its selling zone indicating the upcoming negative trend in the pair.
STRATEGY:
USDCHF is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it.
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USD/CHF IS TESTING SUPPORT AREA, WATCH FOR BULLISH SIGNAL.Some correction occurs on USD/CHF. The price has pulled back into the reference area at 0.9744-0.9734. Remains bullish as long as the support at 0.9734 remains intact. As intraday trading strategy, you must get bullish signal confirmation within the reference area in order to go long with potential target at 0.9835-0.9884
USDCHF on sale 75% off on selected items- Broken trend line on 4hr time frame and daily
- In daily we just crossed over the overbought area in RSI
- MACD about to cross in daily and it already crossed in 4hrs
- Ratio so good I don't know what to do with myself.
- DXY also broke a trend line to the downside, so am expecting dollar to weaken
USDCHF SHORT ::: RISK CALL :::The reason why we feel EURUSD may SINK.
* On weekly basis it has just started moving DOWN.
* Bullish Engulfing in weekly Chart .
* To SINK and come near .9627 levels
* Stoch RSI (3,3,14,Close) is Sinking.
* RSI (14,CLOSE) is Sinking.
* CCI (20,CLOSE) is Sinking.
Keeping all the above indicators in view along with the chart pattern we expect it to SINK. Our SELL call shall be from SELL BELOW :.9816, SL:.9826, Tgt 01:.9627. The view expressed here is on weekly basis. [b ]Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.
USDCHF SHORT WEEKLYWe expect USDCHF to sink on weekly basis.
*CCI is sinking
*RSI is sinking
*STOCHASTICS RSI is sinking
We would like to short USDCHF bellow: 0.9906 SL: 0.9921 TGT 01: 0.9870 TGT 02: 0.9854 TGT 03:0.9803. [b ]Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing .
USDCHF LONGThere are many reason why we feel it may Rise.
* It has formed hammer 2 weeks ago in weekly chart .
* To Rise and come near 1.0026 levels
* Stoch RSI (3,3,14,Close) clearly states it may Rise.
* RSI (14,CLOSE) Is also of the same view.
* CCI (20,CLOSE) Is also sinking.
Keeping all the above indicators in view along with the chart pattern we expect it to sink. Our sell call shall be from Buy above: 0.9976 sl@:0.9962, Tgt 01:1.0010 Tgt 02:1.0026, Tgt 03:1.0075
We are expecting this to happen shortly. Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.