USDCHF Is Waiting For Breakout
USDCHF moved sideways in a trading range between 0.9583 and 0.9772 on the 4-hour chart for several weeks. All we can do is wait for the breakout to occur. On the upside A breakout of 0.9772 could...
Tag: USDCHF
USDCHF Failed To Break Channel Resistance
USDCHF pulled back from 0.9772 to as low as 0.9611 after approaching the top resistance trend line of the price channel on its daily chart, indicating that the pair remains in the downtrend from the December 2012...
USDCHF Descending Channel (Aug 08, 2017)
USDCHF has been trending lower on its short-term time frames, with price moving inside an ascending channel that’s been holding since November last year. Price has bounced off support and is on its way to test the...
USDCHF Long-Term Range (Jun 26, 2017)
USDCHF has sold off recently but it could find strong support at a long-term range bottom around the .9500-.9550 levels. A bounce off this area could lead to a move back to the resistance at 1.0400 or...
USD may stay soft in near term
Although the Fed is in the rate hike cycle, USD rally started to lose momentum early this year when market started to realize that monetary policy divergence started to narrow. ECB has started to talk about rate hikes,...
USDCHF Intraday Elliott Wave View
USDCHF decline from 3/7 (1.0170) high to 3/22 (0.9879) low could be viewed as a 5 swing move that we have labelled as Elliott wave ((a)). Bounce to 0.9960 was a three move and completed Elliott wave ((b))....
USDCHF Rising Channel (July 15, 2016)
USDCHF has been trending higher recently, moving inside a rising channel visible on its 1-hour and 4-hour charts. Price is currently testing the channel support and could be due for a bounce back to the resistance at...
USDCHF Channel Support (Oct 12, 2015)
USDCHF has been trending lower on its 1-hour chart, moving inside a descending channel and testing support. Price has formed a bearish flag right at the bottom of the channel around the .9600 major psychological support and...
USDCHF Rising Channel (Aug 13, 2015)
USDCHF is still trending higher on its 4-hour chart, as the price dropped to the bottom of the rising channel then bounced off support. This could take the pair back up to the top of the range...
USDCHF Long-Term Triangle (July 8, 2015)
USDCHF is currently testing the resistance of the symmetrical triangle visible on its daily forex chart. Price is also encountering a ceiling around the moving averages, indicating that a selloff might take place. Stochastic is still...