Bitcoin, Litecoin, Namecoin, Peercoin 728x90

Announcement

Collapse
No announcement yet.

Daily USDCHF Analysis

Collapse
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • Daily USDCHF Analysis



    The USDCHF had a bearish momentum yesterday, bottomed at 0.9856. Price is moving back inside the bearish channel as you can see on my H1 chart below. The bias is bearish in nearest term testing 0.9818.


    Immediate resistance is seen around 0.9870. A clear break above that area could lead price to neutral zone in nearest term testing 0.9910 region. On the downside, a clear break and daily close below 0.9818 would expose 0.9780 area or lower. Overall I remain neutral.
    Forum Contest USD650 Total Prizes

  • #2
    USD/CHF Daily Analytics
    05:12 20.12.2017

    Recommendation:

    SELL 0.9775 SL 0.983 TP1 0.9675 TP2 0.964

    BUY 0.9925 SL 0.987 TP1 1.0025 TP2 1.0145

    On the daily chart, USD/CHF bears managed to lower the pair below important support at 0.9880-0.9890. They are focused on testing the lower border of an uptrend channel. The presence of a triangle means that to continue the way down the pair has to go below support at 0.9775.



    On H1, to resume the rally bulls have to form a double bottom and then return the pair inside the uptrend channel.

    Forum Contest USD650 Total Prizes

    Comment


    • #3
      USD/CHF Daily Analytics
      07:54 28.12.2017
      Recommendation:

      BUY 0.9930

      SL 0.9875

      TP1 1.003 TP2 1.0145

      On H1, bears prepare to pull USD/CHF below the diagonal support in the form of the uptrend’s lower border. To break the medium-term bullish trend the pair has to get beyond the triangle and then trigger the “Bat” pattern. On the other hand, a pullback from support will create grounds for a recovery to 200% target of AB=CD.



      On H1, USD/CHF is consolidating within “Spike and ledge” and 5-0. A break of resistance at 0.9930 will increase the probability of the rally’s continuation.

      Forum Contest USD650 Total Prizes

      Comment


      • #4
        USD/CHF
        22:04 02.01.2018
        USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart. The 50 SMA is also helping to guide further declines in the pair, but we’re now expecting a strong support to be found in the 0.9700 level. Such level should help to activate take profit orders that would allow a corrective move towards the 50% Fibo level at 0.9807. If the pair manages to pull back around that area, the next target should be the -23.6% zone at 0.9648.

        RSI indicator remains strong in the oversold territory.

        Forum Contest USD650 Total Prizes

        Comment


        • #5

          The USDCHF had a bullish momentum yesterday topped at 0.9797. The bias is bullish in nearest term testing 0.9818. A clear break above that area could trigger further bullish pressure testing the trend line resistance and 0.9910 area as you can see on my daily chart below.

          Immediate support is seen around 0.9750. A clear break below that area could lead price to neutral zone in nearest term testing 0.9700 support area. I still prefer a bearish scenario at this phase but need a clear break below 0.9700 to continue the bearish phase testing 0.9590 area. Overall I remain neutral.
          Forum Contest USD650 Total Prizes

          Comment


          • #6

            The USDCHF was indecisive last week. Price is moving sideways between 0.9797 – 0.9700 range area as you can see on my daily chart below. The bias is neutral in nearest term. I still prefer a bearish scenario at this phase but need a clear break below 0.9700 to continue the bearish phase testing 0.9590 region.

            On the upside, a clear break and daily close above 0.9797 would retest the trend line resistance and 0.9910 resistance area. Overall I remain neutral.
            Forum Contest USD650 Total Prizes

            Comment


            • #7
              USD/CHF Daily Analytics
              07:00 10.01.2018
              Recommendation:

              BUY 0.9915

              SL 0.986

              TP 1.0015 TP2 1.0045 TP3 1.026

              On the daily chart, USD/CHF bears failed to form a “Triangle” pattern and return the pair inside the long-term downtrend. If bulls manage to move the pair towards resistance at 0.9915 and conquer it, the risks of reaching 161.8% of the AB=CD pattern will increase.



              On H1, the return of USD/CHF to the previous consolidation range of 0.9840-0.9915 and formation of the patterns “Crab” and “Shakeout-Fakeout” means that bulls have the initiative.

              Forum Contest USD650 Total Prizes

              Comment


              • #8
                USD/CHF Daily Analytics
                06:38 24.01.2018
                Recommendation:

                BUY 0.9665 SL 0.961 TP1 0.973 TP2 0.9775 TP3 0.98

                BUY 0.949 SL 0.9435 TP1 0.9555 TP2 0.964 TP3 0.973

                On the daily chart, USD/CHF keeps forming the “Bat” pattern with a target of 88.6%. For now, bulls and bears are fighting for 78.6% of the wave XA. If bears manage to conquer it, the decline will continue. On the other hand, rebound from the current support will increase the possibility of a pullback.



                On H1, USD/CHF there may be a formation of a “Widening wedge”. To do that bulls will need to return the pair to resistance at 0.9665.

                Forum Contest USD650 Total Prizes

                Comment


                • #9
                  USD/CHF Daily Analytics
                  06:58 31.01.2018
                  Recommendation:

                  SELL 0.9310 SL 0.9365 TP1 0.9210 TP2 0.9110 TP3 0.9030

                  BUY 0.9395 SL 0.9340 TP 0.9465 TP2 0.9500 TP3 0.9600

                  On the daily chart, USD/CHF formed a short-term consolidation. A decline below January low will allow the pair to continue the decline towards 161.8% target of the “Crab” pattern. The nearest resistance levels are near 0.9410 and 0.9485.



                  On H1, there’s a “Spike and ledge” pattern. A break of the lower border of the 0.9310-0.9395 consolidation range will open the way down for bears. On the other hand, successful test of resistance at 0.9395 will increase the odds of a pullback.

                  Forum Contest USD650 Total Prizes

                  Comment


                  • #10
                    USD/CHF Daily Analytics
                    07:30 07.02.2018
                    Recommendations:

                    BUY 0.9395 SL 0.934 TP1 0.948 TP2 0.96

                    SELL 0.929 SL 0.9345 TP1 0.919 TP2 0.905

                    On the daily chart, USD/CHF reached the interim target at 113% of the “Crab” pattern: bulls are trying to counterattack. To develop correction, they need to overcome resistance at 0.9410 and 0.9485-0.9505.



                    On H1, a break of the upper border of the 0.929-0.9395 consolidation range will increase the odds of its getting to 88.6% of the inverted “Shark” pattern. On the other hand, a decline below the support at 0.9290 will lead to the resumption of the downtrend.

                    Forum Contest USD650 Total Prizes

                    Comment


                    • #11
                      USD/CHF Daily Analytics
                      08:47 08.02.2018

                      USD/CHF rising inside minor corrective wave (ii)
                      Next buy target - 0.9500
                      USD/CHF continues to rise inside the minor corrective wave (ii), which started earlier from the support zone lying between the key support level 0.9240 and the lower daily Bollinger Band. The active corrective wave (ii) belongs to the minor impulse wave 3 of the intermediate impulse wave (3) from the start of December. USD/CHF is expected to rise further toward the next buy target at the next resistance level 0.9500 (target price for the completion of wave (ii)).

                      Forum Contest USD650 Total Prizes

                      Comment


                      • #12
                        USD/CHF Daily Analytics
                        07:25 14.02.2018
                        Recommendations:

                        BUY 0.9465 SL 0.941 TP 0.955 TP2 0.9655

                        SELL 0.926 SL 0.9315 TP1 0.916 TP2 0.906 TP3 0.9015

                        On the daily chart of USD/CHF, the inability of bulls to keep the pair above 0.9410 points at their weakness. Return to correction low at 0.9465 will allow us to talk about the “Head and Shoulders” pattern. To continue the decline the pair has to break below January low.



                        On H1, USD/CHF is forming “Spike and ledge” and “Bat”. To continue the decline, bears need to pull the dollar below support at 0.93 and 0.9280.

                        Forum Contest USD650 Total Prizes

                        Comment


                        • #13
                          USD/CHF Daily Analytics
                          06:34 21.02.2018

                          Recommendation:

                          BUY 0.9410

                          SL 0.9355

                          TP1 0.9510 TP2 0.9590

                          On the daily chart of USD/CHF, bulls are trying to counterattack and trigger the “Shark” pattern. Its 88.6% target is near 0.9775. As there’s a distinct downtrend, we doubt in the pair’s ability to rise to this level, though everything is possible.



                          On H1, if USD/CHF exits the downtrend channel and breaks above resistance at 0.9410 with the following activation of the “Shark” pattern, the odds of advance to 0.9590 will increase.

                          Forum Contest USD650 Total Prizes

                          Comment


                          • #14
                            USD/CHF Daily Analytics
                            02:43 05.03.2018

                            The USD/CHF pair has been trading in a corrective phase since March 1st session and it seems the 50% Fibonacci zone could be a key pivot point during the week ahead. The 0.9338 level should then become a support in order to give a boost to the pair in order to go towards the -23.6% Fibonacci zone at 0.9561. To the downside, if the pair manages to break below 0.9292, then it can plummet towards the 0.9186 level.

                            RSI indicator remains in the negative territory.

                            Forum Contest USD650 Total Prizes

                            Comment


                            • #15
                              USD/CHF Daily Analytics
                              07:37 28.03.2018
                              Recommendations:

                              BUY 0.951 SL 0.9455 TP1 0.961 TP2 0.9715 TP3 0.986

                              SELL 0.9435 SL 0.949 TP1 0.936 TP2 0.9335 TP3 0.927

                              On the daily chart of USD/CHF, the pair needs to break the March high to continue rising. On the contrary, an implementation of the “three Indians” pattern will increase risks of a long-term bearish trend.



                              On H1, there is a short-term consolidation in the range of 0.9435-0.951. If bulls manage to break its upper boundary, the rally will continue. Vice versa, the break of the support at 0.9435 will increase risks of decline to the 88.6% target of the “Shark” pattern.

                              Forum Contest USD650 Total Prizes

                              Comment

                              Working...
                              X