Usdchflong
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💡Don't miss the great buy opportunity in USDCHFTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.9048).
. 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 an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 60.
Take Profits:
TP1= @ 0.9075
TP2= @ 0.9093
TP3= @ 0.9117
TP4= @ 0.9130
TP5= @ 0.9163
SL= Break below S2
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💡Don't miss the great buy opportunity in USDCHF
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.9163).
. 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 an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 51.
Take Profits:
TP1= @ 0.9199
TP2= @ 0.9212
TP3= @ 0.9236
TP4= @ 0.9263
TP5= @ 0.9322
SL= Break below S2
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💡Don't miss the great buy opportunity in USDCHFTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.89416).
. 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 an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 57.
Take Profits:
TP1= @ 0.90003
TP2= @ 0.90228
TP3= @ 0.90514
TP4= @ 0.90804
TP5= @ 0.91148
SL= Break below S3
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Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in USDCHFTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.90000).
. 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 an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 53.
Take Profits:
TP1= @ 0.90310
TP2= @ 0.90380
TP3= @ 0.90500
TP4= @ 0.90650
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
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Trade well, ❤️
ForecastCity English Support Team ❤️
USDCHF - BULLISHDESCRIPTION:
The counter USDCHF was traveling between the price range of 0.9322 and 0.9211 in the parallel channel . Determining the trend of the counter is very tough when it is in the parallel channel . But today the counter breaks the top line of the parallel channel and the buying pressure of the market may propel the price even more upwards. The bullish trend is expected to start soon for this counter. The MACD indicator curves started moving upwards which gives additional support to the description.
Major Levels For This Counters Are:
R2 - 0.9425
R1 - 0.9382
PP - 0.9304
S1 - 0.9261
S2 - 0.9183
USDCHF broad falling wedge pattern and break and retestUSDCHF
Has managed to break the broad falling wedge pattern and retested once around 0.92500 level and bounced back towards 0.93000
And we can see a series of HH HL HH pattern here which is a clear sign of the bullish trend. The next possible upside target would be 0.93500 and 0.94000
In second quarter of the 2020 USDCHF has managed to fell below the 0.90000 major key psychological and reserve bank intervention level. Most of the time USDCHF
Has bounced from this level.Due to the broad weakness in USD is the main reason for the rapid selling in USDCHF. After start of this year we can see some bullish trend in DXY
which is reflecting in this pair and managed to back above 0.90000 level and currently trading near 0.93000 level.On monday market open the price might reach around 0.92500
and i am expecting bounce towards 0.94000.
The Exponential moving average was just below the current price level which is a clear sign of the bullish trend here.The bear has to contend with these Moving averages such as 50,100
In Ichimoku cloud the cloud has turned red and its broadening too and the middle line is currently acting as another support for the bullish trend. And in Bollinger bands the price has reached around
middle band which will give a short term buying pressure
RSI has reached around 50,MACD is still above the line and green and Stochastic has reached around 80(short term fall back was expected)
Trade call
Buy @ 0.92600
Take profit @ 0.94000
Stop lose @ 0.92100
USDCHF - LONGDescription:
The counter USDCHF started moving in an ascending triangle.A support trend line tested at the prices 0.88391,0.88682 and 0.88357 and the flat-top resistance line at the price 0.89256. The price is moving near the top line of the triangle and since then there is no indication for a breakout. Buying pressure of the market may pull the price even more upwards. If the price breaks the top line of the channel then the movement of the price will be even more upwards.Long is more preferable for this counter and the bullish trend may continue further.The MACD indicator curves gives additional support to the description.
Major Levels For This Counter Are:
R2:0.8941
R1:0.8913
PP:0.8891
S1:0.8864
S2:0.8842
USD/CHF - buy moving up - 4h chart USD/JPY : usd/jpy is currently going to up trend for beyond the technical analysis SD/JPY moving up...
REASONS :
1. monthly chart for current support is strong and buying pressure is high
2. monthly chart - candle stick is engulfing and hammer forming for double conformation
3. the 4hr bottom of chart is forming inverted head and shoulder so usd/jpy is going up.............
USDCHF Long Buyin 4h TF we could see bullish divergent
HH LH created properly while current LH is on the support area with Fibonacci 0,618 as the additional support
now we are waiting for that area to make a swing low for the confirmation to take a buy position
Please share your insight through this ideas, it would be great for my development since i just start in this lovely business
#panorama #swing #4h
USDCHF COMPLETE ANALYSIS AS PER THE WAVE THEORY
We have a downward 5 Wave Impulse complete; this is a WAVE 1 and now there is a Correction forming;
This Correction has Wave A comeplete and Wave B is forming; we need to verify the Wave A and B in the Lower Degree;
So here We have explained Wave As subdividions Wave A is a 5 Wave upward Impulse Wave B is a Triangle and Wave C is a Ending Diagonal;
Here we have Wave B forming now in the downward direction; Wave A is a Leading diagonal Wave B is a Zigzag and now Wave C is forming
So here the WAVE B ends and now we wil encash the WAVE C which will be an Upward Wave;
Here Wave 3 is a Zigzag (Zigzag is also an Impulse) hence
In Wave B we have a Wave A which is a downward Leading Diagonal; Wave B is a upward Zigzag; We see Wave B has retraced Wave A by 93.93%, hence as per the rule of Flat Wave C has to be a downward Impulse;
So then Wave B retraces Wave A 38.2% hence from here starts the WAVE C which will be an Upward Impulse
We have 2 Trades here One is a SHort Trade and then where we have the Target of the SHort trade we have a Buy Trade from there;
Long Trade