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USDChf moving back up above trendline

AdamFx42 Przesłano 31 Lip jako Analiza USD/CHF, Cel: 0.9793, Data: 1 z Wrzesień, 12:00 GMT  w #Technical analysis #Trendline #USD/CHF #Usdchf #Fibonacci Expansion
UsdChf should recover from its lows soon - lower trendline support looms
On the weekly chart we see a couple of levels that are important:
On the topside we see 1.03 as a resistance level
While on the downside we can see a rising trendline - the pair looks to test it
Price is moving down towards this level
On the daily chart we may investigate suspected moves:
Trendline support seems to be located above 0.96 area
If we take fibonacci expansion from the last move up and project it to this level
w…
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AdamFx42 avatar
AdamFx42 5 Sie

Pair is back up around 0.98 - exactly on target - so price action as predicted, trendline is holding

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AdamFx42 15 Sie

Trendline is at  0.96+ support - pair has retreated a bit from highs and is above 0.97 now  I expect rising trendline support to lead the pair higher again

AdamFx42 avatar
AdamFx42 21 Sie

support at 0.96 in doubt now

AdamFx42 avatar
AdamFx42 29 Sie

Support at 0.96 holds and pair moves up sharply because of recent UsdJpy strength above 100,
UsdChf now just around target area 0.98

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AdamFx42 31 Sie

More UsdJpy strength has helped this pair above 0.98 now - about 30 pips above target - some weakness at the end of the day may bring it down a bit

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USD/CHF shows a bullish Bias

AdamFx42 Przesłano 29 Lis jako Analiza USD/CHF, Cel: 0.9855, Data: 2 z Styczeń, 12:00 GMT  w #Technical analysis #Trendline #USD/CHF #Fibonacci Expansion #Bullish Signs #Next Leg Up #USD/CHF Strength
The most telling picture in Usd/Chf is the weekly chart
Usd/Chf weekly chart
We can see the trendlines moving the price up, and we can also see that any retracement down
is quickly countered by a strong move up,
the latest candle is a strong bullish engulfing candle, and it is most likely that Usd/Chf will continue its move up
The fibonacci expansion level of 61.8% of the last weekly move up provides us with a target just below 0.99
Also, on the weekly chart we see that the Stoachistic indicator…
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4 Komentarze
AdamFx42 avatar
AdamFx42 4 Gru

Daily trendline has been tested immidiately after I posted my prediction,
and price shot up as I predicted - putting in a new high, around 0.98
The higher high, and higher lows still make this pair a bullish one,
and price should move up higher now

AdamFx42 avatar
AdamFx42 19 Gru

After some deeper retracement towards 0.96 - due to Usd/Jpy weakness - the pair is again challenging 0.98, if it breaks my target should prove correct

AdamFx42 avatar
AdamFx42 19 Gru

Daily trendline that i drew on the chart is holding price above it once again, and the target area - the weekly 61.8% fibonacci expansion level should be hit before the end of the month

AdamFx42 avatar
AdamFx42 29 Gru

My target area has been reached, and the prediction has played out very well,
if 0.99 can hold the price below it for a few days then I will be close with my prediction,
as long as 0.98 is still support    ---  need about 20 pips down for it to be perfect

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USD/CHF to retrace back to 38.2% fibonacci retracement

AdamFx42 Przesłano 13 Paź jako Analiza USD/CHF, Cel: 0.9332, Data: 1 z Grudzień, 12:00 GMT  w #Technical analysis #USD/CHF #Rsi #Macd #Retracement #Top In Place For USD/CHF
Usd/Chf seems to have a top in place for now
and is on its way down to retrace from recent highs
On the weekly chart we can see the first bearish candle appearing for a while
The RSI is turning down, although it is still high
MACD looks to be topping out too
Usd/Chf weekly chart
A natural retracement for a bullish pair like this will be the 38.2% fibonacci retracement level
of the last weekly move up - this lies just above 0.93
On the daily chart we can see how we might get there
MACD has turned…
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2 Komentarze
peachynicnic avatar
peachynicnic 13 Paź

thanks

AdamFx42 avatar
AdamFx42 19 Paź

I don't know why I made this prediction - it must be purely technical...
Stronger Usd will lead this pair higher for now, only a breakdown in Usd/Jpy strength will bring it towards my target

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USD/CHF in a bullish daily channel

AdamFx42 Przesłano 19 Sie jako Analiza USD/CHF, Cel: 0.9157, Data: 1 z Październik, 12:00 GMT  w #Technical analysis #USD/CHF #Weekly Bullish Wedge Pattern #Daily Bullish Channel
Usd/Chf is seen to be contained in a bullish wedge pattern on the weekly chart,
and seems to be in a move up towards the upper border of this wedge around 0.94 in the long-term:
Usd/Chf weekly chart
On the daily chart we can see some strong moves up have taken place
which make the price action of the pair fit into a bullish channel
Usd/Chf has been on a move up the last few days,
and I have taken last lows, and previous move to calculate the fibonacci expansion first target of 61.8%;
this target…
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AdamFx42 avatar
AdamFx42 27 Sie

This seems to be going according to plan already - target hit and another move up should lead to predicted retracement

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Base for low formed in USD/CHF

AdamFx42 Przesłąno 9 Gru  w #Trader's blog #EUR/CHF #USD/CHF #Longs
I am long Eur/Chf right now at 1.224, looking for a return to 1.235, and seeing that I will have some work to do this week,
I was looking for another trade - my eye fell on Usd/Chf
It looks like the 0.89 lows are being rejected again on the daily chart after a 400 pip decline last couple of weeks
Maybe this is a good base for longs - I will be taking a chance here and putting in a large long around 0.894
I don't often trade this pair because I usually have no idea which way it is heading,
but th…
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