USD/CHF Analisis

Discussion in 'Technical Analysis' started by Dmitriy Enrst, Jun 1, 2015.

  1. Steve Lock

    Steve Lock Active Trader

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    Intraday bias in USD/CHF remains neutral for the moment. Overall outlook is unchanged as recent sideway pattern is viewed as a triangle consolidation pattern. Below 0.9527 will bring another fall but we'd expect strong support above 0.9256 to bring rebound.
     
  2. Xavefif

    Xavefif Master Trader

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    There is a bullish trend developing on usd/chf pair.

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  3. Dmitriy Enrst

    Dmitriy Enrst Active Trader

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    The currency pair still follows a global uptrend, but on the intraday range we can notice trading around ​​0.9758, and observe repeated breakdown of this level and then return. That may e indicate a false nature of the breakdown and further continuation of growth to the level of resistance 0.9885.
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  4. lenon

    lenon Master Trader

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    I can see an excellent entrance to the usd/chf market after passing the 0.9630 level. The price will go up. usdchfv.jpg
     
  5. Ziker

    Ziker Active Trader

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    I think that usd/chf asset will go up.
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  6. Dmitriy Enrst

    Dmitriy Enrst Active Trader

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    Usd/Chf is dropping and broke the support level on the H1 chart at 0.9528. Resistance level on the H1 chart is at 0.9844. In the long term, the pair is expected to consolidate and break the resistance level at around 0.9448, thus indicating the end of a downtrend, and recovery of bullish trend. Key support level is at 0.8986.
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  7. Jeremiah

    Jeremiah Master Trader

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    I think that usd/chf asset will go up.
    usdchfA.jpg
     
  8. Ziker

    Ziker Active Trader

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    the price updated max, now i'm waiting for new min on 0.9530
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  9. Jeremiah

    Jeremiah Master Trader

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    I can see an excellent entrance to the usdchf market after passing the 0.9843 level. The price will go down.
    usdchfA.jpg
     
  10. Steve Lock

    Steve Lock Active Trader

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    In the bigger picture, USD/CHF is breaking out from recent triangle consolidation pattern. Further rise should be seen back to 1.0239 key resistance. We'd be cautious on strong resistance from there to limit upside. But decisive break there will confirm long term trend reversal. We'll stay cautiously medium term bullish as long as 0.9475 support holds.
     
  11. Steve Lock

    Steve Lock Active Trader

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    USDCHF’s bounce off minor support at .9843/24, where the September highs were made, still targets the recent .9958 high and then the 1.0000 mark. Ideally we would like to see a weekly close and preferably a monthly close above the 2001-2015 downtrend at .9855 to confirm last week’s break higher. The market would then have its sights set on .9972, the 2012 highs. Above here sees the 1.0128 March high and then the 1.0295 2015 high.
     
  12. Steve Lock

    Steve Lock Active Trader

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    The USD/CHF pair rose slightly during the course of the session on Thursday, but remained below the parity level. With this, the market looks as if a break above the parity level would be reason enough to continue buying this market. After all, the parity level is about as psychologically significant as you can possibly imagine when it comes to the Forex markets. We believe that pullbacks should of course be buying opportunities as well, as there is more than enough support underneath the keep the US dollar afloat against the Swiss franc.
     
  13. I agree, the direction for the short term is bullish. I would think to enter a long position with a decisive break above 1.0075, or alternatively on a pull back toward 1.0010
     
  14. Steve Lock

    Steve Lock Active Trader

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    After consolidating for a while last week, USD/CHF attempts for a breakout towards the end. Momentum was a bit weak but still, initial bias is cautiously on the upside this week. Current rise would target 1.0127 and then 1.0239. Nonetheless, considering bearish divergence condition in 4 hours MACD, break of 0.9987 will indicate near term reversal.
     
  15. Jeremiah

    Jeremiah Master Trader

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    The price on usdchf moves to resistance level. I’m gonna sell.
    usdchf.jpg
     
  16. I wouldn't recommend to go against the trend. But if you sell, make short trades, trying to catch some pullbacks
     
  17. lenon

    lenon Master Trader

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    There is a bearish trend developing on USD/CHF pair. USDCHF.png
     
  18. jonsmith

    jonsmith Master Trader

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    Today's trend

    The primary trend of USD/CHF is bullish on charts and price is taking support above the trend line in its 4 hourly chart. In 4 hourly chart the price is sustaining above 200 day SMA and taking support of 50 day SMA indicating uptrend of the pair. It is having an important resistance at the level of 1.0220 and support at the level of 1.0125. If it breaks its resistance level on the upside and sustains above it then we can expect it to show further bullish movement in the pair.
    USDCHF.png
    INDICATORS:-
    RSI is sustaining in its buying zone indicating the upcoming bullish trend in the pair.

    STRATEGY: USD/CHF is looking bullish on charts for next few trading session. One can go for buy on lower level strategy for this pair for intra day to mid term positions.
     
  19. Steve Lock

    Steve Lock Active Trader

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    Intraday bias in USD/CHF remains on the downside for 61.8% retracement of 0.9475 to 1.0237 at 0.9770. Sustained break of 0.9770 will raise the change of medium term reversal and will bring deeper decline back to 0.9475 support.
     
  20. Jeremiah

    Jeremiah Master Trader

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    I can’t see a favorable opening for a deal right now. Therefore, I’ll wait to see which of the variants is the right one.
    USDCHF.jpg
     

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