Thoughts for Franc revisitedI see a possibility for a full retrace for Fran but will not know until I see a rejection from the 200 EMA as resistance. I am hoping for a full 1-5 impulse move, instead of a shorter ABC correction. We will see =)
SXY trade ideas
CHF to resume uptrend (MULTI TIME FRAME ANALYSIS)The previous FIBO level already gave a big bounce, therefore we'll be looking to resume buy in all CHF pairs, target is on chart...
SXYTuesday, July 9, 2019
01:45 CHF Unemployment Rate n.s.a. (Jun)
01:45 CHF Unemployment Rate s.a. (Jun)
My arrows are purely for educational and visual representation of how i would like the trade to play out for executions!! Trade at your own risk. This is not a signal but my personal view. Updates will be in the comment.
TVC:SXY
What to expect from the Swiss Franc Index? - 01What to expect from the Swiss Franc Index?
The big picture.
Short Mr FrancSorry for the busy markup (haha!). Mr Franc appears to have come due for a nice correction short here, expected to be a bearish trend. He has reached a nice resistance from structure. Lets checkout those Swiss pairs =)
SXYSWISS FRANC CURRENCY INDEX has been trading down with lower highs and thats indicates to more highs , the currency is forming a down channel with rejecting from MA 100 150 200 its more bearish .
As you can see also MACD and RSI is going down thats only confirmation because as we know indicators doesn't predict the market its only follow .
I am Guessing that USDCHF will fly high very soon due to bullish analysis for DXY .
Thanks
SWISS FRANC CURRENCY INDEX (SXY) DAILY TIMEFRAME SHORTThe Swiss Franc currency index is currently moving in a series of lower highs and lower lows, characteristic of a downtrend. The price is clearly moving downwards with brief correctional pauses as shown by the ascending wedges and bear flag chart patterns. I am targeting a short trade toward the 97.8 area, which will be my profit taking zone. This area represents a potential buy zone as it is the bottom of the correctional structure. I certainly hope history repeats itself with this trade and the 90% rule sticks out!!!.
A break above 100 might change my bias a bit, but currently i am targeting the 07.8 price level for profit-taking.
CHF index - how it affect UCHF pair? I usually take TA the indexs, it gives much meaning
Follow me fore more update guys
- Ichimoku KinkoHyo -
Forex : swiss Franc currency index - CHF index - longFor me, tracking the chart of each currency is very important. It helps me to have an overall information about pairs of currencies
Hope some recovers will come
Follow me for more update
- Ichimoku kinkohyo -
SXY - CHF - Strength Coming Soon?We expect to see CHF continue its pattern.
CHF should see significant and reliable strength starting late this week.
CHF/XXX = / bullish
XXX/CHF =\ bearish
*Generally, (XXX) matters just as much!
Also as we see AUD, USD, CAD, potentially GBP weakness
CHF and these pairs would make good potential trades.
Next few weeks:
Bullish: CHF, JXY (JPY)(LongTerm), potentially ZXY (NZD)
Bearish: USD, AUD, CAD (LongTerm), JPY (ShortTerm), EXY (EUR -will have to wait and see), and Potentially GBP
So...
Knowing the above, potential pairs to look at over the next 3-11 days :
Shorts:
AUD/CHF short
EUR/CHF short
USD/CHF short
GBP/CHF short (not confirmed w/ gbp)
CAD/CHF short (long term due to cxy)
Longs:
CHF/JPY short term long trade (E = 110.7 area)
Hope this makes sense!
KISS = Keep it stupid simple.
SXY CHF Strength Still Rolling In? CHF strength?
Let us know what you think...
XXX/CHF - Bearish?
CHF/XXX - Bullish?
CHF index - False break and returns price channelLook left, Two times retest Support and up.
Now, The same thing occurs with MACD for Long.
Thus, I predict CHF index returns the price channel with a false break.
CHF CURRENCY INDEXwhile i think is very smart and it gives us clear insight of what we trade when we look at the currencies individually .
