USDCHF: Sharp reversal in 2011 from 0.7000 area is impulsive leg, and we know that impulses show direction of a current trend. As such, we think that pair is now bullish for minimum three wave rise; A)-B)-C). In the last few months we have …
USDCHF after completing an ending diagonal in the red wave C) made a nice bullish move up with the highs around 0.9816. From there we have seen an A-B-C pullback that unfolded and recently price broke above the upper corrective channel …
USDCHF- With corrective recovery strength fading and consolidation setting in, the possibility of a return to its Dec …
For example, the correlation between EURUSD and USDCHF is close to -0.90 – meaning the two moved in the opposite directions most of the time and to the same severity. This relationship, the outlook for monetary policy and the Swiss …
So now we have to patiently wait… A similar situation is present on the USDCHF. Here we do have both: symmetric triangle and the rectangle pattern. Breakout from the triangle alone should not be significant enough to open a position. …
SSI for the USDCHF has broken +7 for the first time in 3 years. Bullish bias by retail traders indicate potential USDCHF decline. Possible long term target of 400 pips to the downside. As a technical trader, I like to learn lessons from history.
So now we have to patiently wait… A similar situation is present on the USDCHF. Here we do have both: symmetric triangle and the rectangle pattern. Breakout from the triangle alone should not be significant enough to open a position. …