Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.8896). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDCHF is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
....
Om Namah Shivay
CHF is looking to go stronger against USD, as per analysis. This is one of the possibilities plotted on chart.
This is for educational purpose only. No trading suggestions Provided.
Om Namah Shivay
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.892). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDCHF is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
....
Om Namah Shivay
Swiss Franc looks to gain strength as the structure looks complete and can move up to a new target.
This is only for educational purpose. No trading suggestions provided.
Om Namah Shivay
We can see an inverse head and shoulder pattern formed. The interesting part, it is consolidating near right shoulder which is a good sign for a breakout after a build up.
Simple things aren't so Simple
Cheers.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.8857). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDCHF is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
....
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.8885). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDCHF is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
....
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.883). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDCHF is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance....
USDCHF is looking for great long, Has the potential to make a move to the upside, Setup looks clear. It will make the move to the top at least & has the decent amount of RR in this trade.
USDCHF looking for a great buy, has the opportunity to reach at the top. Reason DXY is going to the upside for correction, & has the perfect levels to entered at the bottom by using risk entry. Always stick with risk management & your own analysis & strategy before taking entry!
The Swiss franc, which is highly linked to the euro, will continue to appreciate if the euro continues to rise.
Therefore, USDCHF will also continue its downtrend, and it is recommended when price to rebound below the under resistance, sell USDCHF in batches.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.9035). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDCHF is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.9095). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDCHF is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic...
