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USDCHF LOOKS CONSOLIDATING

Technical Tools
Resistance and support lines, Trendlines, Price action, Candlestick Pattern, MACD, RSI, Simple Moving Average and Stochastic Fast Indicator, Ellipse.
USDCHF Weekly Chart
  • The MACD on the weekly chart is in the positive zone.
  • The RSI is falling.
  • The Stochastics is rising.
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USDCHF WILL RISE TO HIGHS

Technical Tools
Resistance and support lines, Trendlines, Price action, Candlestick Pattern, MACD, RSI, rectangle.
USDCHF Weekly Chart
  • The MACD on the weekly chart is in the positive zone.
  • The RSI is rising.
The pullback is due in the pair but the pair has broken out of the falling weekly trendline. I am sure that the pullback will be supported by the rising trendline and will push the price to the highs near 1.0300 levels.
USDCHF Daily Chart
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UPDATE-1
The pair has ended the week at .99247. The MACD is in positive territory and looking good. The RSI is not in good shape and headed South. The pair has tested the falling trendline and it acted as support. The break of previous high will take the pair close to our target at 1.0225.

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UPDATE-2
The pair is struggling to rise any further. Although the bias is bullish I think it will take a little more time to reach the target of 1.0225. A cup and handle formation is taking place.

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UPDATE-3
We expected the pair to rise to new highs but the good data from United States even failed to take the pair to new highs. it is now consolidating and is range bound. Our target price of 1.0225 seems to far to reach.

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USDCHF MAY GAIN IN COMING DAYS

Technical Tools
Resistance and support lines, Trend lines, Price action, Candlestick Pattern, MACD, RSI, Simple Moving Average and Stochastic Fast Indicator.
USDCHF Weekly Chart
  • The MACD on the weekly chart is positive and falling. The histogram is silent.
  • The RSI is rising.
  • The Stochastics is headed North.
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USDCHF will be under pressure

Technical Tools
Resistance and support lines, Trend lines, Price action, Candlestick Pattern, MACD, RSI, Simple Moving Average and Stochastic Fast Indicator, Ellipse.
USDCHF Weekly Chart
  • The MACD on the weekly chart is in positive zone but falling. The histogram suggests the sellers taking control of the market.
  • The RSI is headed downward.
  • The Stochastics is also headed South.
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