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USDCHF - Limited down-side but difficult to go up!

Haynes6EU Przesłano 30 Kwi jako Analiza USD/CHF, Cel: 0.9989, Data: 1 z Czerwiec, 12:00 GMT  w #Technical analysis #CHF #USD #USD/CHF #Usdchf #Swiss Franc
Hi community members,
Background: this forecast base on balanced distribution (supply vs demand; price oscilator and median) and expectation that Fed rate hike and reduce balance sheet in this year. Because the technical contest is to predict price on 1st of June, so I use weekly chart for trend and range forecast; daily chart for price point forecast.
Weekly chart: Price hit 1.034x after Donal Trump win the election and has adjusted retracement since Jan 2017. Now price is near balance area in …
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Przetłumacz na Angielski Pokaż oryginał

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3 Komentarze
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Haynes6EU 4 Maj

Update 1: Price still within a small range and less volatility. Trend is still down but limited at 0.99 support level. I don't see bull power after FOMC statement and FED fund rate data released. Wait and see mode for this pair.

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Haynes6EU 8 Maj

Update 2: Prices was in a downtrend but path to go down is fighting with support level  at weekly chart. I expect supply and demand are balance now at this area before decide clear new direction.

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Haynes6EU 15 Maj

Update 3: There are two long bullish candles make prices increased from 0.985 to 1.01. I think it's not an up-trend stable for USD/CHF, it's just oscilate inside balanced range but it could be an early signal for Bull.

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CADCHF - Rising channel forming after IHAS in daily chart

Haynes6EU Przesłano 12 Lip jako Analiza CAD/CHF, Cel: 0.8486, Data: 1 z Wrzesień, 12:00 GMT  w #Technical analysis #CHF #CAD/CHF #Loonie #Cadchf #Rising Channel #Ihas
Hi community,
I want to share my technical view about CADCHF pair at least till to the 1st of September.
Methodology:
- Background: Monthly chart; Market sentiment in COT (Commitments of Traders) report.
- AND: Price action in weekly and daily chart; Channel line; Technical pattern (IHAS) and Fibonacci level.
1. Monthly chart: We can see big picture in monthly chart. The pair CADCHF has been rising for 4 months and it should be continue to test long-term trend line. Currency positioning report s…
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3 Komentarze
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Haynes6EU 18 Lip

CAD shows some weakness but I think CAD's strength could be come back soon :D

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Haynes6EU 28 Lip

This pair is still rising but range is narrow now. A Rising wedge is near top, so it need a down move correction before continue the up trend.

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Haynes6EU 7 Sie

CAD shows weakness in the last few weeks and maybe have signal for reversal in coming weeks. Let's wait and see!

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