USD/CHF

Hi Guys,

Great setup overnight at the top of the downtrend channel.

Analysis here: https://www.tradingview.com/v/BSTlW7Vh/

Cheers,
Miike

Just want to share some thought on USD/CHF ... This is my plan for next week USDCHF H1 looking for a long position.. Seem a good resistant at range 0.92830-0.92874

i m holding short on this one. My first target is .9260

closed half position at .9250. next target is .9205

We got a really strong resistance at around 0.9330 and stron support at 0.9270-80. I think we will move in this range for a while, the swiss franc is still very strong, annoying sytuation! Yet still holding my longs!

Hope you're enjoying the bull market:

Oh well, didn't play out but I thought it was worth posting.

Hello all,
the Dollar Index is the King and it's good to analyze where/when it could top-out. This is my latest analysis for it, which could be useful to trade all the major currencies trading against USD.

The Dollar Index could be very close to a reversal. On the daily chart, the sequence of measured moves higher, which was currently trading in extensions long, failed with price moving below 82 (I had indicated that level in the free weekly Newsletter). That failure, along with the traditional long that offered support yesterday and today (see scenario 1 below) is pointing to highs at 82.78-85 or slightly higher.

http://www.forexfactory.com/attachme...1&d=1362580767

Following are the two scenarios I was able to identify. I think the second scenario has less probability to take place:

Scenario 1. After failing the sequence of measured moves higher, with price moving below the 82 level, the Dollar Index found support in the same area. The 81.90 level held indicating a target in the 82.78 level. This is very close to the 82.84 first target of the failed extension long (Busted setup pattern). So I anticipate price moving into the 82.70-90 and then a swift move lower due to profit taking.

Scenario 2. There is still a possibility for price to continue higher, but that would mean that the Euro-Dollar could not find participation at the 1.2900 area.

Let me know your thoughts.
Thank you
Have a great day
G.

Great.

Here's a good area to consider adding to longs:

Closed mine at 0.9470 and re opened at 0.9420, will see how it will work. Still waiting to move SL to BE.

And closed again at 0.9515, mayby too early, but was afraid of the resistance here and didn't expected such a spike! If the daily candle will close above the 0.9515 i will renter long.

I think it goes down to 0.9486 and rises to 0.9548

0.9486 is now a support, but a minor one, we are in a tricky place, we got resistance around 0.9515, and strongly negativly correlated EUR/USD is now at very strong support of 1.3000. I will wait with reopening my position here, for break in one the directions.

hahaha those calling to sell at 0.89

Hello traders,
an update for the USD Dollar Index that can be helpful not only for trading the EUR/USD (52% of the Dollar Index) but also the other major pairs USD/JPY, GBP/USD, USD/CAD and AUD/USD.

We had a sequence a of two traditional measured moves higher: the first with long entry in the 82.30 area with target in 83. The second with entry in the 82.70 area and targets at 83.40 (today's highs). We now have a new (third) long setup in the sequence at the 83.00 area (check the picture below).

The third long setup just traded: support was shown at the 83.01 level. This long setup has a stop, and failure level, below 82.90. Below this level the sequence of measured move is interrupted and we could see the start of the move lower in the Dollar Index (Scenario 1)

http://www.forexfactory.com/attachme...1&d=1363277753

Here are my two scenarios, as usual:

Scenario 1. If price comes below the 82.90 level the sequence of measured moves higher on the daily chart ends and price could start its move towards the 20-day SMA (partial targets area). The move could then continue lower after a bounce.

Scenario 2. If the next setup long on the daily chart is respected, i.e. price of the index never moves below 82.90 there is the possibility of a continuation higher into the next target at the 83.60 area (1st target) and even higher.

Let me know what you think.
Thank you

PS: Euro FX futures just approaching the resistance at 1.3000 in my last analysis

usd chf

time : daily attern shark

time : h4

rd-


http://pcmbrokers.org/pcmfileupload/...6332492791.gif

http://pcmbrokers.org/pcmfileupload/...3324841921.gif

Swiss franc is gaining as mad today and dollar got hammered down, not a good day for bullish USD/CHF. Went long at 0.9396 with SL at 0.9360, hoping for daily closure abowe 0.9400, and that support area connected with bullish trend line , historical restance which turned into support now, and 200 sma on daily will hold and we will get a bounce from here after droping around 180 pips in 2 days.

Hi traders.
The Swissy caught gave big surprise on friday with an intraday of 80 pips
breaking the H4/D1 trend line. A retest on the the 100 EMA with a bearish
candle indicates that a down run is apparent. Short at 94.30 expecting
targeting the round 93.00 region in the upcoming week. I hold on my sell.


Since the Euro is likely to range, my money in the swissy.

Closed my longs at 0.9470, will wait untill dust will settle after tommorow FOMC and Cypr votes and mayby reenter some long is the situation will be more clear, or change possition to short if the will fall below 0.9370. Also thinking about Euro/CHF, the priice seems quite good to buy right now.

Technically right boounced off the upper edge on the cloud forming a shooting start and the gain is
on. Quite a perfect one.



all the way down to 0.9940