GBP/CHF and USD/CHF

agreed

Daily's oversold, bullish div, Pin on 4hr, will be enough (I hope) to close my longs for a profit.

GBP/CHF is at a crossroads, smaller downtrend meets with bigger up-trend, IMVHO the up-trend will win, that was a channel bounce, and now we go up.

yep, fibo retrace.

If retrace works, 61.8 fibo line on 4h is 2.026-2.027 on my chart.
There i will enter short again

Good luck

new resistance-zone for usdchf ???

maybe, maybe...

new resistance-zone for gbp/chf ??

maybe, maybe...

new low been make by this pair

today all depends on the daily close.

If it´s close as a doji near this resistance
zone, i´ll think its a setup for a short,
target is a new low at 0.996, SL above dojis
upper shadow. But wait for daily close.

weekly chart:

the trendline I draw has been resistance for 22 weeks, if
my counting is right.

If you are a bull look for a break, if you are bear take this
very good shorting opportunity.

This is the best approach we've had to it during that time, my money says it will go.

Before this thread starts to sleep, I like to share my opinion (if you like to read ) about gbp/chf:

The first chart shows us a hanging man pattern (last fridays candle).

For explanation of a hanging man, please look to

http://www.candlesticker.com/Cs26.asp

This pattern is a bearish reverseal pattern.

We see the weekly blue trendline, too, which act as a resistance.

What adds more weight to this, is that the price reached the Senkou Span B (part of the ichimoku indikator), which is the upper part of the ichimoku cloud. Upper and lower part of the cloud works often as support or resistance (depending from which direction the price is coming).

So I wait during monday, if the reversal happens, and enter short early tuesday.

Happy trading all.

I am long gbp/chf from 2.0364 with a +1 stop loss. Targeting the white descending trendline.

usd/chf 4 hour shows an inverted head and shoulder patterm trying to form. The right shoulder is not complete.

my bias is wait and see still being busy nice analysis ovaforty,peaches.

If I look at my daily gbpchf chart, I see price going from upper left corner to the lower right corner on my monitor.

I think, i`ll grab the swing highs and swing lows backed up by
chart-analyses and candlestick-pattern to make money

Next serious resistance on my chart is 2,00 area. Well, Ok, there is a small
resistance area around 2,028...

happy trading all

My gbp/chf broke through my target trendline nicely.

usd/chf head and shoulder (inverted) now looks like a cup and handle formation.

Historic profit potential in
the Swiss franc directly ahead!

The simple truth is, this weakness in the U.S. dollar and U.S. stocks is the best news imaginable for anyone who invests in the Swiss franc.
A case in point: When U.S. stocks crashed in 1987 and foreigners dumped their shares like crazy, the Swiss franc positively exploded in value: It soared almost 26% in less than four months — a huge move in the currency markets.
And so far in this credit crisis, we’ve already seen the franc surge from a low of 80 before the credit crunch hit in June of 2007 to a high of 103.63 in March. That’s almost a 30% move, one of the sharpest currency rises of all time.
But if you think that’s impressive, consider this: So far in this great credit crisis, U.S. banks and lenders have suffered an estimated $400 billion in losses. But according to the International Monetary Fund, before the crisis is over, the total losses will be $945 billion. And the latest Wall Street estimates put the figure at closer to $1.6 trillion.
That means we’ve only seen the first 25% of the damage this crisis could ultimately cause!
That means four times more losses to U.S. lenders ... more damage to the U.S. stock market ... more declines in the U.S. dollar ... and potentially, a surge in the Swiss franc that could be much larger than the 25% or 30% surges we’ve seen in previous crises.
Remember: The bigger this global credit crisis grows, the greater the rush into crisis currencies like the Swiss franc is likely to be ... and the higher the franc is likely to surge!

hmm..I think the highest this pair can go is 2.0630 based on daily but lower tf tell me it will go 2.0500
nice one ovaforty.

I see 2.0120 for GBPCHF and 1.0050 for USDCHF... Watch clearly...