Usdchfforecast
USDCHF - 3 Trades on the horizonUSDCHF, like many of the USD pairs has exploded up to 1.382 extensions and so I am looking ahead to my final target of longing the USDCHF up to 0.98600.
Trade #1: I will wait for price to retrace back down to 0.97125 before looking to go long for 50 pips.
Trade #2: Once price hits 0.97650 I will be looking for reasons to short back down to 0.96860 for 80 pips.
Trade #3: If the signs for a decent long position present themselves then I will look to take profit around 0.98600 for +175 pips.
The risk to this longer term outlook is a quick resumption of the recent bullish trend at the 382 fib level located at the 0.97300, with that target then being 0.98900.
What are your thoughts on USDCHF?
USDCHF on sale 75% off on selected items- Broken trend line on 4hr time frame and daily
- In daily we just crossed over the overbought area in RSI
- MACD about to cross in daily and it already crossed in 4hrs
- Ratio so good I don't know what to do with myself.
- DXY also broke a trend line to the downside, so am expecting dollar to weaken
USDCHF SHORT WEEKLYWe expect USDCHF to sink on weekly basis.
*CCI is sinking
*RSI is sinking
*STOCHASTICS RSI is sinking
We would like to short USDCHF bellow: 0.9906 SL: 0.9921 TGT 01: 0.9870 TGT 02: 0.9854 TGT 03:0.9803. [b ]Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing .
USDCHF LONGUSDCHF Poised to go up.
There are many reason why we feel USDCHF may rise.
01. It could not touch quarterly sell level.
02. Hammer & Bullish Engulfing pattern in daily Chart.
03. To rise and clear quarterly targets it has to come down to gain momentum for up move.
04. Stoch RSI (3,3,14,Close) clearly states the USDCHF may rise.
05. RSI(14,CLOSE) Is also of the same view.
06. CCI(20,CLOSE) Is also rising.
Keeping all the above indicators in view along with the chart pattern we expect USDchf to rise. Our Buy call shall be from Buy above:.9919 with a SL @: .9889 Tgt01: .9992 Tgt02: 1.0025 Tgt03: 1.0127. We are expecting this to happen shortly. Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.