CHFUSD
CHFUSD: Maybe a good time to swap your account currency for CHFI think having a cash position in CHF makes sense here, so, if your margin accounts have $USD as default cash/balance currency, I'd reccomend swapping it for $CHF. I see a potential continuation of the monthly uptrend in the Swiss Franc, which would send this pair easily 15% higher within a year.
Best of luck,
Ivan Labrie.
CHFUSD: Swiss Franc going sideways from hereIn this chart I analyze the recent uptrend in the Franc. It appears to have ran into a wall, where the election day's low and the Brexit low sit, as well as a massive volume level, which will take time to break. I'd rather be flat here, and wait, we can look to buy dips in this or the Euro, or Gold or Silver probably meanwhile. This can serve as a hedge against our long positions in equities. I still see opportunity on the long side, not so much in the index, but in undervalued securities.
Good luck,
Ivan Labrie.
Forex Market Analysis And Trading Tips Sorry guys....... the USD/JPY went horribly wrong, let me make up for it with this one!
The primary trend of USD/CHF is bearish on charts and price is trading below the trend line in its hourly chart. In four hourly chart the price is sustaining below 200 day SMA and below resistance of 50 day SMA indicating downtrend of the pair. It is having an important resistance at the level of 0.98250 and support at the level of 1.0000. If it breaks its resistance level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.
INDICATORS:-
MACD is sustaining in its negative zone indicating the bearish trend in the pair.
RSI is sustaining near its selling zone indicating the upcoming bullish trend in the pair.
STRATEGY:
USD/CHF is looking bearish on charts for next few trading session. One can go for sell on lower level strategy for this pair for intra day to mid term positions in it.
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Waiting for Buy Stop order
Based On PnF analysis if the price breakout the Price level 9550 we can expect extended upward move targeting 9710 I placed the stop loss on 9470 based on 3 Box reversal criteria .
It's short term trade based on combination between PnF and Fibo levels .
Note : because of the risk to reward ratio less than 1:2 So i will decrease my Lot size to 50% of my normal lot size per transaction.