Should price action for the USDCHF remain inside the 0.8840 to 0.8880 zone the following trade set-up is recommended: Timeframe: H1 Recommendation: Short Position Entry Level: Short Position @ 0.8860 Take Profit Zone: 0.8740 – 0.8760 Stop Loss Level: 0.8920 Should price action for the USDCHF breakdown below 0.8880 the following trade set-up is recommended: Timeframe: H1 Recommendation: Short Position Entry Level: Short Position @ Retracements in the trend; sell orders during rallies Take Profit Zone: 0.8740 – 0.8760...
Should price action for the USDCHF remain inside the 0.8800 to 0.8850 zone the following trade set-up is recommended: Timeframe: H4 Recommendation: Long Position Entry Level: Long Position @ 0.8800 Take Profit Zone: 0.9000 – 0-90500.9000 – 0-9050 Stop Loss Level: 0.8700 Should price action for the USDCHF breakout above 0.8850 the following trade set-up is recommended: Timeframe: H4 Recommendation: Long Position Entry Level: Long Position @ Retracements in the trend; buy orders during dips Take Profit Zone: 0.9000 – 0...
The USDCHF has corrected sharply as visible in this D1 chart. This currency pair has now formed a falling wedge formation which is a bullish chart pattern. Over the past five trading days the USDCHF has started to form a bottom as indicated by price action and the last five daily candlestick formations. We expect current support to hold and for this currency pair to launch a rally which will take it back to its 200 DMA. MACD indicates that momentum has stabilized as the histogram has set a higher low which suggests underlying...
The USDCHF has reversed it previous attempt to move higher after it touched its 200 DMA as visible in this D1 chart. This currency pair has now retraced back down to its very strong horizontal support level from which we expect another attempt to move higher and breakout above its 50 DMA as well as 200 DMA and back into its horizontal resistance level. MACD continues to show improvement as it approaches the histogram as well as moving average continue to approach the centerline. We expect a bullish centerline crossover to occur...
The USDCHF has corrected sharply as visible in this H4 chart. This currency pair has made several attempts to rally higher which all failed and therefore the USDCHF is stuck in a rectangular chart pattern and is currently trading at horizontal support levels while at the same time facing strong descending resistance levels. We believe this currency pair will be able to launch a breakout and rally back to horizontal resistance levels. MACD has showed improvement over the past few trading weeks and is approaching the centerline where...
