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Hello there is no doubt that the US dollar versus Swiss Franc Is Still Over all moving in a bullish trend or you can say in an uptrend and the current bearish movement looks like a correction or retracement so yes this is a right opportunity for buying the US dollar versus Swiss Franc dollar from a lower level or from a lower price but I still think that the US dollar versus Swiss Franc dollar will be moving a bit lower and can move till the yellow moving average and after that there is a chance of uptrend continuation so buying from there would be a good trading position to have.
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USD/CHF (Dollar to Swiss Franc) - Live Charts, News & Forecast - FX Empire
USD/CHF Price Forecast – USD/CHF Further Confirms Bullish Reversal off Bottom and Next Heads Towards 0.9865. Stronger dollar helps USD/CHF pair advance to new trend highs, with signs of more upside to go. ... USD/CHF Price Forecast – Swiss Franc Advances Following Last Week’s Poor ...
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Today i am going to discuss this pair..
results of analysis of using daily pivot point calculations
I see this pair still in strong bullish movement . If this pair keep moving to up side , I predict this pair will reach to the next resistance level,
maybe this pair will make some correction to the next high level.
Up trend is indicated from the Simple Moving Average and Bollinger Bands indicator . BUY position is better choice now, you can set target profit level
35 pips from current price
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Time Frame - 4 Hour
Currency pair - USD/CHF
Buy @ - 0.9700
Stop Loss - 0.9628
Take Profit - 0.9758
Risk reward ratio - 1 : 3
The pair may go bullish and possible retracement uptrend. Buy dips sell high.
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After closing the previous day virtually unchanged near 0.9760, the USD/CHF pair turned south on Thursday and slumped to its lowest level since February 5th at 0.9710. As of writing, the pair was down 0.55% on a daily basis at 0.9715.
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in the chart 1h we can see the pair will go to down way in the future
I see the pair will go to 0.9669
I expect from this analyze that the price will go to down way
so sell from 0.9710 to 0.9669
good luck
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Today market trend:sell
Market exchanging sign rely upon a pointers*
Resistance points and Support points of market goes down
The pointers educate us concerning business sector down so do the exchanging Sell and get an enormous benefit
So could the trading in Sell and get a huge profit
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(Reuters) - Futures indicated that the Dow Jones Industrials index would shed more than 300 points at the open on Thursday after the rapid spread of the coronavirus outside China deepened worries about growth and corporate earnings.
The number of new infections in China, the source of the outbreak, was overtaken for the first time by fresh cases elsewhere on Wednesday, most notably in Italy and Iran.
Adding to worries, the U.S. Centers for Disease Control and Prevention confirmed an infection in California in a person who reportedly did not have relevant travel history or exposure to another known patient.
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Forex technical analysis is the study of market action primarily through the use of charts for the purpose of forecasting future price trends. Forex traders can develop strategies based on various technical analysis tools including market trend, volume, range,support and resistance levels, chart patterns and indicators, as well as conduct a Multiple Time Frame Analysis using different time- frame charts.
Technical analysis strategy is a crucial method of evaluating assets based on the analysis and statistics of past market action, such as past prices and past volume. The main goal of technical analysts is not the measuring of asset’s underlying value, they attempt to use charts or other tools of technical analysis to determine patterns that will help to forecast future market activity. Their firm belief is that the future performance of markets can be indicated by the historical performance.
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Pivot, Resistance Levels and Support Levels for USD / CHF
For Stop Loss and Trading Targets
Calculation For Trading:
Resistance Level (R3): 0.982
Resistance Level (R2): 0.980
Resistance Level (R1): 0.978
Pivot Point: 0.976
Support Level (S1): 0.974
Support Level (S2): 0.972
Support Level (S3): 0.970