SXY trade ideas
CHF hitting strong supportHello Everyone
CHF is hitting strong support and psychological level 100.0 !
Time to think Long when it comes to CHF crosses.
For example only look for opportunities like:
USDCHF sell
CHFJPY buy
....
*especially after the blue trendline break
Good Luck !
Swiss frank reached the bottomSwiss frank, one of the strongest currencies of 8 majors, if not the strongest (as it has been in bullish uptrend since 1960) has gone through a period of consolidation (with bullish inclination) during recent years. Now after it reached the bottom of its consolidation channel, frank is going to go bullish next weeks. And after it has been cornered in a triangle I expect a further breakout upwards to previous monthly high level. Considering weakening usd and eur it will be safe to look for shorts in usdchf and eurchf next weeks.
Swiss Franc IndexIt seems that Franc index is going to brake its downward trend, best position is to enter after brake
SXY, Bang or Bust?for quite some time now we have seen SXY take a pretty gnarly hit.
As we can see we have an ascending triangle formation with higher highs and higher lows.
It comes
-In my opionion, the bears will continue to take control until the 102.00 level where it will hopefully continue with the triangle formation.
*Key points to watchout- watch for the 102.00 level, watch for the level of support on the RSI.
I see a Bat pattern .... be ready to close your SXY tradeI see a Bat pattern .... be ready to close your trade
Bullish on Swiss Franc: Elliott Wave Count - $CHF $SXYThe franc may find support at the existing bottom trendline this week. If the bullish rebound is corrective, we would have confirmation of a potential triangle and look for shorts near the top. For now, I'll be eyeing bullish breakouts from the parallel channel created last week.
$SXY: Swiss Franc Outlook #elliottwaveHey traders, here's another index outlook. I like both the Franc and the Euro long if we can break recent highs. This would be an indication of continued bullishness toward completion of a triangle on the 1H.
strenghth in the swissthe franc has made an ending diagnal pattern that it will breakout of some time early this week. once it does, we can look to buy chf pairs. best results will yield from weaker pairs against the strenghth of the swiss
