USD/CHF

bounce?

#258


#259

usdchf

long @0.96040

long 0.9600

Hello,

Yesterday before night I left sell order for CHF.
Reasons:
Trend is down on Daily timeframe
Recent correction is week (rising slowly, deep pullbacks).
What happens:



As CHF falls sharply I will close position now, as I expect some pullback.

Happy trading,
FX-Analyst

To be exact, I moved stop higher. It is almost reached for now.

Good for you.

I got my target of 0.9629 hit (weekly PP) from my long at 0.9600 so I am out for now. I still think that this goes back up as I think the Eur/Usd is going back down. Last week's USD/CHF move was a big drop down and the move back to 0.963s was only a 38% retracement. The drop on the Fitch news did not break last week's low, too. I expect more up this week, especially now that nothing coming on the Eurozone till the 6th.

i'm short as my monthly is giving me signs of further declines. i agree a eur drop will deflate my opinion but bears have been calling for a drop for two weeks now. probably see a push north on the eur to take out more stops. i also like the double test and rejection of the 0.618 fib. time will tell, maybe not until much later tonight though.

Currently CHF is at 0.9554
I think it will rise up 40-45 pip before continuing lower.
If it will fall without pullback, I think CHF will find buyers at 0.9530/35
This is just opinion....

i need to make up 50 pips. where are the eur bulls.

i'm long but confused by the chart.

USD / CHF rose to 0.9608 in the first part of the European session, the highest price since Aug. 31, then stabilized at 0.9573, gaining 0.17%.

The pair was likely to find support at 0.9507, the low of two months from yesterday, and meet resistance 0.9616.


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forexindicatorbest

USDCHF moves bearish but remains above 0.9502. I think trend stills neutral. Short term trend remain downtrend. Down below 0.9502 will target 0.9420 the next support. Break will have bearish indications.

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forexindicatorbest

my take. maybe not in a straight line.

A text-book example of a breakout (to the downside) just waiting to happen...

It looks like the USD/CHF is trying to shake off the weak hands first...

The longer they range, the harder they break.

Or so they say...

guess i`ll leave this here

Hello Mr Breakout,

If you don´t mind i use your picture.
In the meanwhile you have a breakout to up