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Franc

Will The AUDCHF Break The Neckline of H & S ?This symbol features the Australian Dollar - Swiss Franc cross pair. While less popular than the AUDJPY cross, the AUD/CHF has similar characteristics in that it can be used as a carry trade. Some may also view this pair as a reflection of risk sentiment due to the risk-on nature of the Australian currency and the safe-haven characteristics of the Swiss franc. Source of above information: www.dailyfx.com There is no doubt that the head and shoulders pattern have been forming on multiple currency pairs especially the EUR pairs, more specifically the EURUSD. Today the long standing Head And Shoulders pattern on the EURUSD should be completed as the bears are on rampage!. If the EURUSD tumbles in the coming weeks to record LOWS then we should see multiple safehaven FX pairs most notably the CHF and JPY gain momentum as well. This has everything to do with the currency correlation when trading. Many traders are watching the EURUSD pair at the moment and a potential break to the downside is almost imminent in the coming week and therefore we take a look at the AUDCHF pair in this part of the analysis!. It has rejected the crucial resistance level on multiple occasions (see the blue lines) and its looking to head down. Currently the one of the most prominent confluence factor to support this fact is the formation of the H & S Pattern that is on the verge of completion and the only thing holding is the break of the neckline! If and only if the weekly candle closes below this neckline (the red line on the chart) we will potentially see the pressure build up to the downside in the coming weeks. Personally for the entry criteria to be met, i would want the weekly candle to close below the neckline and the support level, followed by a slight retracement on the daily charts or 4 hours charts before i can enter this trade SHORT. The TP target is also favorable as the next crucial support level lies far down at 0.7000 psychological level! It remains to be seen what happens in the coming week and this pair is highly dependent the EURUSD head and shoulders pattern. Personally the EURUSD is a great trade to take but i am already LONG on the USD (NZDUSD). See the related link. Due to this AUDCHF represents the best opportunity to trade if you already have an open position on the USD, Stay tuned for any updates and signals. Follow me for more indepth analysis and signals. Cheers
Short
by FX618Analysis
7
USD/CHF 4H Chart: Medium term declineThe US Dollar has been declining against the Swiss Franc in May. The decline began after the currency exchange rate met with the upper trend line of a dominant ascending channel up. Moreover, the reversal occurred just as the rate reached above the psychological 1.00 mark. In the aftermath of the bounce off from the resistance, the currency exchange rate traded almost sideways. However, most recently the rate booked a point of reference, which provided the chance to mark a descending channel pattern. The pattern is set to guide the rate to the lower trend line of the dominant channel. Although, that does not mean that the rate should be shorted, as the dominant support could be reached by trading sideways.
by UnknownUnicorn890690
USDCHF ShortThe USDCHF rally has now been exhausted. The uptrend was broken, retested, and failed as demonstrated on the markup. Moreover, the RSI has now begun to roll over from the severely overbought (70+) region and a bearish crossover on the MACD (12,26,9) occurred on May 11, 2018. The Franc was also oversold across the board and I believe the stars have aligned of sorts to go long on the Franc at least in the mid-term. Thank you for looking and as always, please share your feedback below. Thank you!
Short
by Premium_Tendies
4
EURCHF ShortThe MACD settings are 6, 13, closed, 9. The Stochastic RSI settings: LengthRSI 9, LengthStoch 9, SmoothK 6, and SmoothD 6. As we can see, the settings are pinpoint accurate with StochRSI oscillator leading they way and the MACD confirming the trade once the crossover has taken place on the StochRSI. Based on my analysis, it would be a good idea to continue to go short on this pair. Moreover, there is an inside bar pattern that formed on the weekly chart over the last two weeks. Having taken in to account all of those factors, shorts on EURCHF would be the best way to go. Please leave your feedback below. And as always, thank you for looking and good luck!
Short
by Premium_Tendies
Lets try long if price will reject SMA 100 or SMA 20As you can see, SMA20 was quite good support and resistance at short-term trends, so if our chart wont cross SMA20, I will try to open long position. My game plan is to keep L to channel top. I don't like to loose money, so I will quit trade if candle will close below SMA20, and then I will look for other opportunity - maybe I will buy again above SMA20 and SMA100 and keep my previous plan. When price will reach the target, I will look for opportunity to open short position.
Long
by untechnical
CHF/JPY Bounces off strong resistanceThe Swiss Franc is a safe haven currency, where funds flock to, if there is an increase in risk in the markets. The Japanese Yen also is a safe haven currency. However, if one puts them one against another, one can not just speculate technically, but also avoid some of the fluctuations to and from risky and conservative assets. Regarding the technical picture, the rate recently bounced off a massive resistance cluster near the 111.50 level and began a decline. During the decline the pair once more confirmed the existence of a long term channel down pattern. Moreover, recently the rate failed to regain its losses, as it failed to pass the 111.00 mark, where the weekly S1 is located at.
Short
by UnknownUnicorn890690
AUD/CHF 4H Chart: Fibonacci retracements dictateIn an effort to offer a breathe from the US Dollars surge, Dukascopy analysts took a look at the AUD/CHF currency pair. In general the rate is highly volatile and there are no large or small scale trend lines to be drawn. Instead the currency pair is bouncing between large scale Fibonacci retracement levels. Meanwhile, in the past month the Aussie has been making lower lows, as it has failed to pierce the 38.20% Fibo at 0.74 mark. That fact combined with the recent lower high levels has provided the opportunity to draw a speculative medium term channel down pattern. If the rate passes the 0.73 mark, the next notable support should be only near 0.7250.
Short
by UnknownUnicorn890690
EURCHF 4H Chart: Likely breakoutThe common European currency has been trading in an ascending channel against the Swiss Franc after it hit the lower boundary of an eight-month dominant channel. During the past few weeks, the pair has formed a new junior pattern. A breakout is likely to occur through the upper boundary of a triangle within the following trading session. Technical indicators are in favour of bears to continue their dominance over the currency exchange rate.
by UnknownUnicorn890690
USDCHF 4H Chart: Set for breakoutThe US Dollar has been bound in several long and short-term patterns which have guided the price lower since October 2017. The currency pair is likely to continue falling within the following trading sessions in line with the medium-term pattern. The pair is currently trading near the border of the junior channel and could breach the upper boundary in the short term. If and when this situation happens, the rate would encounter a resistance cluster set by the combination of the 200-hour simple moving average and the weekly R1 near 0.9428. Traders should look for opportunities to trade either direction if the aforementioned scenario occurs. 
by UnknownUnicorn890690
GBPCHF4H Chart: Full review The Pound Sterling has been constrained by a descending channel against the Swiss Franc after hitting the weekly pivot point near 1.3515. The upper boundary of a junior channel was reached on January 25. The Sterling's inability to make a new wave up suggests that it might breach the dominant channel in the next few hours. Technical indicators flash bearish signals during the following trading sessions; therefore, the currency exchange rate is likely to decline further until it finds support at the monthly and weekly PPs near the 1.2888 mark.
Short
by WizzyPips