- #3,462
- May 19, 2013 9:37am May 19, 2013 9:37am
Seems like USDCHF is heading north with weak bull force. I am expecting max of the USDCHF 0.9910 level. Given that, this pair struggled to breakout from 0.9750 level. Probably short term this pair will head south alittle, but long term would expect it to go uptrend. 
Knowledge is powerful tool that we can ever have.
USD/CHF has two upside targets that it's reaching for, to enter the new up-leg, I recommend buying against the yellow trend line on dips, the stops should be placed at 0.9680, take half profit at 0.9945, rest of profit removed at 1.0100.
- #3,465
- May 24, 2013 3:19am May 24, 2013 3:19am
- Joined Sep 2009 | Status: From Timex to Rolex via Forex | 3,398 Posts
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
- #3,467
- May 24, 2013 4:21am May 24, 2013 4:21am
- Joined Sep 2009 | Status: From Timex to Rolex via Forex | 3,398 Posts
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
- #3,468
- May 24, 2013 4:32am May 24, 2013 4:32am
- Joined Sep 2009 | Status: From Timex to Rolex via Forex | 3,398 Posts
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
- #3,469
- May 24, 2013 5:29am May 24, 2013 5:29am
- Joined Sep 2009 | Status: From Timex to Rolex via Forex | 3,398 Posts
Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
- #3,473
- May 27, 2013 4:34am May 27, 2013 4:34am
Just a two cent worth of opinion of mine on the USDCHF pair
In major trend, the USDCHF seems to be heading north (provided that this pair able to break through the 200SMAs and allowed 100SMAs crosses 200SMAs too. Although we seen that this pair has breakout from its head & shoulder neckline, now we are experiencing a reversal back to retest the neckline. The failure to breakout from it's neckline would sugguest a strong uptrend movement in the coming weeks. However, in the short run, we would expect the USDCHF to be heading down a little more to 0.9550 (lowest) before heading back up.
As attached is my analysis
Please feel free to comment on it.
In major trend, the USDCHF seems to be heading north (provided that this pair able to break through the 200SMAs and allowed 100SMAs crosses 200SMAs too. Although we seen that this pair has breakout from its head & shoulder neckline, now we are experiencing a reversal back to retest the neckline. The failure to breakout from it's neckline would sugguest a strong uptrend movement in the coming weeks. However, in the short run, we would expect the USDCHF to be heading down a little more to 0.9550 (lowest) before heading back up.
As attached is my analysis
Please feel free to comment on it.
Knowledge is powerful tool that we can ever have.
