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Further bullish pressure

Daily Vision

The pair attempted to push lower yesterday bottomed at support line but closed higher in another high volatile market.
We have been seeing a strong bearish market for the last two weeks where the pair slump more than 1500 pips without significant correction and the next potential target is seen around (weekly EMA 200) at 0.9824.
The bias is bearish in nearest term. And an immediate resistance is seen around the daily close. While a clear break above that area could lead price t…
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USD/CHF have been seeing a strong bearish market

Daily Vision

The USDCHF attempted to push lower yesterday bottomed at 0.9458 but closed higher at 0.9456 in another high volatile market.
We have been seeing a strong bearish market for the last two weeks where the pair slump more than 1000 pips without significant correction and the next potential target is seen around 0.9147 (weekly EMA 200).
The bias is bearish in nearest term. Immediate resistance is seen around 0.9914 . A clear break above that area could lead price to neutral zone in near…
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USDCHF forming a bearish harmonic pattern

Weekly analysis
weekly RSI is bearish and pointing lower suggesting further weakness. On the upside, resistance lines at the 1.0256 level with a breach pushing the pair further towards the 1.0278 level. A breather may occur here and turn the pair lower but if taken out, expect a push higher towards the 1.0245 level. All in all, the pair remains biased to the downside in the short term on correction.
Daily analysis

USDCHF is at an interesting level as we’re currently at the top end of what to me …
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Long term bias is still short on USD/CHF

Daily analysis
After a hit off the demand zone, we can see exactly where the bulls and bears were at the time, and what they were thinking. I believe, the first down leg could have been the bear impulse leg, and this leg, if retests and stays at current levels, will go down massively into the 3 wave pattern system in play.
After the 3 wave pattern, we should see more and more opportunities to short this into the year next year. And I predict it will stay that way.

Weekly an
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USD/CHF Loses Upside Momentum

Daily analysis

In mid-March the Swiss Franc weakened to virtual parity with the US Dollar at 1.00926. In the next eight weeks it steadily strengthened to its six month low to 0.91222 to the US Dollar, a 9.618% gain. In the weeks following USD/CHF six month high, the Franc steadily strengthened vs the greenback. In spite of the efforts of the Swiss National Bank to weaken the Franc in order to protect its export dependent economy, it stubbornly remained strong relative to the majors. With growin…
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USD/CHF Loses upside momentum

Daily analysis
USDCHF printed a rejection to halt its upside offensive and close lower the past week. This price action has created downside risk as we enter a new week. On the downside, support comes in at the 0.9600 level. A turn below here will open the door for more weakness targeting the 0.9550 level and followed by the 0.9600 level. A cut through here will bring additional weakness towards the 0.9550 level.
weekly analysis
Weekly RSI is bearish and pointing lower suggesting further weaknes…
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USD/CHF Loses Upside Momentum

Weekly analysis
weekly RSI is bearish and pointing lower suggesting further weakness. On the upside, resistance lies at the 0.9750 level with a breach pushing the pair further towards the 0.9800 level. A breather may occur here and turn the pair lower but if taken out, expect a push higher towards the 0.9850 level. All in all, the pair remains biased to the downside in the short term on correction.
Daily analysis
The pair printed a rejection to halt its upside offensive and close lower the past …
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USDCHF is nibbling at the underside of a resistance levels

There really is only one word we have for the USDCHF pair , and that is, ‘overbought’. Check out how price is nibbling at the underside of both a weekly swap (resistance) level at 0.9796, and also a daily supply area at 0.9861-0.9775, which, as you can see, also boasts trendline confluence extended from the high 1.0239. It does not end there! 4hr timeframe action also shows price clinging to the upper limits of a 4hr ascending channel taken from the low 0.9155 and high 0.9414. All of this co
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USD CHF


Weekly TF :
Price may have already retested the weekly decision-point level at 0.90927, as last week a rather pleasant-looking bullish pin bar formed a few pips above. Does this mean we should expect higher prices this week

Daily TF :

In my humble opinion, price appears to be clear north on this time-frame . Sellers originally situated around the daily supply area at 0.91556-0.90985 have very likely been consumed, the next set of serious sell orders are seen around daily supply at 0.94546-0.
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