USDCHF Skewed Triangle Completion! – Orbex Forex Trading Blog
In the long term, the USDCHF pair is building a primary corrective triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. The final wave Ⓩ is under development and could end in the form of a standard intermediate zigzag (A)-(B)-(C). Wave (A) is a 5-wave bearish impulse, and wave (B) is a skewed triangle that looks finished. Usually, after the end […]
Pullback looks favored before an upside break around 0.9280
USD/CHF is struggling to extend the upside above 0.9280, upside seems favored amid the upbeat market mood. The US Dollar Index (DXY) has shifted its auction above 102.50 as Fed might not pause its policy tightening spell. A pullback move to near 10-period EMA will present a bargain buy for the market participants. The USD/CHF […]
USDCHF: Elliott wave analysis and forecast for 03.02.2023 – 10.02.2023
2023.02.03 2023.02.03 USDCHF: Elliott wave analysis and forecast for 03.02.2023 – 10.02.2023 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ Main scenario: consider short positions from corrections below the level of 0.9281 with a target of 0.9025 – 0.8925. Alternative scenario: breakout and consolidation above the level of 0.9281 will allow the pair to continue rising to the levels of 0.9550 […]
Rallies back above 0.9250 reclaim the 20-DMA as bull’s eye the 50-DMA
The US Dollar strengthens across the FX space, a tailwind for the USD/CHF. USD/CHF Price Analysis: Shifted to neutral biased once buyers hurdle the 20-DMA. The USD/CHF is surging sharply during Friday’s North American session, as Wall Street is set to finish the last trading day of the week with losses. Therefore, the USD/CHF is […]
USD/CHF extends Fed-inflicted losses towards 0.9020 support, central banks, US NFP eyed
USD/CHF prints three-day downtrend as sellers flirt with 18-month low. Fed drowned US Dollar with dovish hike, downbeat US data also favor USD/CHF bears. Monetary policy decision from ECB, BoE could escalate market volatility, making them important to watch. US jobs report eyed as Fed Chair Powell showed readiness to cut the rates. USD/CHF remains […]
USDCHF potential drop to previous swing low
To discuss this trading idea, head over to Tickmill Traders Club where you can get direct access to our team of world-class analysts.TitleUSDCHF potential drop to previous swing lowTypeBearish BreakoutPreference:Looking at the H4 chart, my overall bias for USDCHF is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market.Expecting […]
USDCHF is participating in the ups and downs today
USDCHF is testing a Topside trendline The USDCHF is participating in the ups and downs seen in a number of pairs this morning (see morning video here). Looking at the hourly chart, the price consolidated in a narrow up and down range in the Asian session. In the European session, there was a move to […]
Bulls have softer road to travel past 0.9200
USD/CHF grinds higher inside monthly triangle, struggling to extend two-day uptrend. Sustained break of 10-DMA, bullish MACD signals keep buyers hopeful. USD/CHF buyers lurk around six-week-old descending support line. USD/CHF bulls take a breather around 0.9210 during Monday’s sluggish Asian session, following a two-day uptrend, as traders await this week’s bumper data/events. Also challenging the […]
Remains firm around 0.9210 after hitting a high shy of 0.9240
USD/CHF is downward biased but subject to a mean reversion move towards 0.9300. Solid resistance lies at 0.9235/40, with the confluence of technical indicators rejecting the USD/CHF rally. USD/CHF Price Analysis: Bulls are hopeful if the pair remains above 0.9158. After slumping on Wednesday, the USD/CHF stages a comeback recovering the 0.9200 psychological level, eyeing […]
USDCHF: Elliott wave analysis and forecast for 27.01.23 – 03.02.23
2023.01.27 2023.01.27 USDCHF: Elliott wave analysis and forecast for 27.01.23 – 03.02.23 Alex Geutahttps://www.litefinance.org/blog/authors/alex-geuta/ Main scenario: consider short positions from corrections below the level of 0.9281 with a target of 0.9025 – 0.8925. Alternative scenario: breakout and consolidation above the level of 0.9281 will allow the pair to continue rising to the levels of 0.9550 […]