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Bullish outlook in the sight

Currency Pair:Usd/Chf
Indicators: technical patterns and Sma50(red)+ Sma200 (blue)
Current price: 0.9659
Trend:uptrend
Possible trading range:0.95-0.98
Signals: A recent bullish breakout (0.9537) from a double bottom on the daily chart is going to encourage the bulls to engage in further buying
Fundamentals: The SNB has continued intervening on the market in an effort to stop further appreciation of the CHF. ON the other side the euro is disliked as investors search out for higher yields outside…
Die komplette Geschichte lesen
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marius24 avatar
marius24 10 Aug.

update: A hammer pattern appeared on the daily chart gave enough courage for bulls to embark in a new bullish move towards 0.9879. In the same time that resistance line belonging to a massive triangle has been topped. From this point the outlook is bullish with some consolidation in the sight

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marius24 19 Aug.

update: The rally has run its course and remaind without steam after having reached the 0.99 handle. From here the price declined towards 0.97 area where a double top ( 4 hour chart) seems to be underway with its neckline at around 0.9680. The outlook remains bearish. Current price - 0.9680

marius24 avatar
marius24 26 Aug.

update: Current price is at 0.9424 with 300 pips lower than my target.

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AUD appreciation

I am expecting some appreciation from the AUD currency, it might be temporary until the Chinese economy picks up. But I am watching out for an AUD rally, AUD strength and a weak euro can see the EURAUD hit 1.40000.
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