USD/CHF was into a downside movement lately caused by the USDX's sell-off, but now, the price has found strong support in the short term and it could give birth to another leg higher. We may have a reversal in the short term if the Dollar Index rebounds as well. Otherwise, the pair could resume its...
Good afternoon traders. A trading idea for USD / CHF.
The quotes of USD / CHF have been declining all throughout May and managed to break last month's low yesterday. Set limit orders to trigger a rebound and push the quotes back to a flat, in accordance with the plan below:
Place limit...
USD/CHF is trading at 0.9720 and the outlook is somehow bullish as the USD is boosted by the USDX's rally. The currency pair is still located within an extended range, but the bulls seem to be strong enough to lead the price towards new highs in the weeks to come.The pair increases after the last...
Hello, dear colleagues!
Due to the virtually empty economic calendar, the main driver for the market can be considered the ongoing trade epic between the US and China. In recent days, there have been growing voices that the signing of the first phase of the trade agreement is not far off. Although...
Overview:The USD/CHF pair fell from the level of 0.9830 to bottom at 0.9780 yesterday. Today, the USD/CHF pair has faced strong support at the level of 0.9770. The strong support has been already facing at the level of 0.9770, the pair is likely to try to approach it in order to test it again and...
The decrease in the current week allowed the pair to break through the average move. Moreover, today's movement is near the middle course zone, which indicates the need to fix part of the short position and transfer the rest to breakeven. Purchases is not yet profitable, since the implementation...
Trading RecommendationEntry: 0.9815Reason for Entry: 61.8% Fibonacci extensionTake Profit : 0.9918Reason for Take Profit: horizontal pullback resistance38.2% Fibonacci retracementStop Loss: 0.9733Reason for Stop loss:horizontal swing low support
78.6% Fibonacci retracementThe material has been...
Trading RecommendationEntry: 0.9815Reason for Entry: 61.8% Fibonacci extensionTake Profit : 0.9918Reason for Take Profit: horizontal pullback resistance38.2% Fibonacci retracementStop Loss: 0.9733Reason for Stop loss:horizontal swing low support
78.6% Fibonacci retracementThe material has been...
Good day!In this review, we will analyze the dollar/franc currency pair, where the main attention will be paid to technical analysis and positioning options for USD/CHF. However, first, we briefly talk about the important events of this week, which can make changes in the price dynamics of this...
