The USDCHF continued its bearish momentum yesterday bottomed at 0.9659. Price broke below the bullish channel as you can see on my H1 chart below suggests a bearish view. The bias remains bearish in nearest term testing 0.9600 – 0.9540 which is a good place to buy.
Immediate resistance is seen around 0.9720. A clear break above that area could lead price to neutral zone in nearest term testing 0.9760 or higher. My major technical outlook remains neutral.
The USDCHF had a bearish momentum last week bottomed at 0.9659. The bias is bearish in nearest term testing 0.9600 as a part of the bearish scenario after broke below the bullish channel as you can see on my H1 chart below.
Immediate resistance is seen at the H1 EMA 200 located around 0.9740 area. A clear break above that area could lead price to neutral zone in nearest term testing 0.9800 area or higher. My major technical outlook remains neutral.
The USDCHF had another indecisive movement yesterday. As you can see on my H1 chart below we have a triple bottom formation at 0.9660 suggests a potential bullish view.
The bias is neutral in nearest term probably with a little bullish bias testing 0.9750 – 0.9800 region. On the downside, a clear break below 0.9660 would expose 0.9600 – 0.9540 region. Overall I remain neutral.
The USDCHF was indecisive yesterday formed a Doji on daily chart. The triple bottomed formation I showed you yesterday at 0.9660 sent price higher but we now have a triple top formation at 0.9740 as you can see on my H1 chart below as price is moving sideways between 0.9740 – 0.9660.
The bias is neutral in nearest term. A clear break above 0.9740 could trigger further bullish pressure testing 0.9800/50. On the other hand, a clear break below 0.9660 could trigger further bearish pressure testing 0.9600 or lower. Overall I remain neutral.
The USDCHF was indecisive last week formed a Doji on weekly chart. From another technical perspective as you can see on my H1 chart below, price is moving inside a “Megaphone” formation. This is not an ideal condition for me to enter the market, but one way to trade when this pattern appear is to sell around the upper line or buy around the lower line of the formation.
Immediate resistance is seen around 0.9770 followed by 0.9820. Immediate support is seen around 0.9670 followed by 0.9600. Overall I remain neutral.
The USDCHF had a moderate bullish momentum yesterday and hit 0.9747 earlier today. The bias is bullish in nearest term testing the upper line of the “megaphone” formation as you can see on my H1 chart below located around 0.9770 which is a good place to sell with a tight stop loss.
Immediate support is seen around 0.9715. A clear break below that area could lead price to neutral zone in nearest term testing 0.9650/30 region. Overall I remain neutral.
The USDCHF had a bullish momentum yesterday, broke above the “megaphone” formation as you can see on my H1 chart below. My major technical outlook remains neutral, but this fact turn the nearest/short term technical bias into a bullish view targeting 0.9850/85 region.
Immediate support is seen around 0.9750. A clear break back below that area could lead price to neutral zone in nearest term as direction would become unclear.
The USDCHF had a bearish momentum yesterday bottomed at 0.9733. The bias is bearish in nearest term testing 0.9700 – 0.9650 region.
Immediate resistance is seen around 0.9800. A clear break above that area could lead price to neutral zone in nearest term as direction would become unclear. Overall I remain neutral.
The USDCHF had a bullish momentum yesterday and hit 0.9827 earlier today. The bias is bullish in nearest term testing 0.9850 – 0.9880 area which is a good place to sell with a tight stop loss.
Immediate support is seen around 0.9785. A clear break below that area could lead price to neutral zone in nearest term testing 0.9735/00 area. Overall I remain neutral as price is still moving sideways without clear direction as you can see on my H4 chart below.
The USDCHF had a bullish momentum last week topped at 0.9839 but closed lower at 0.9776. The bias is neutral in nearest term probably with a little bearish bias testing 0.9735/00 support area.
Immediate resistance is seen around 0.9800 followed by 0.9850 which is a good place to sell with a tight stop loss. Overall I remain neutral and sell at resistances or buy at supports remains the best strategy in this choppy market.
USDCHF mempunyai momentum kenaikan harga minggu lalu dengan mendahului pada 0.9839 tetapi telah ditutup rendah pada 0.9776. Kecenderungan adalah neutral dalam jangka masa terdekat dan mungkin menurun sedikit menguji bahagian sokongan 0.9735/00.
Resistance serta-merta dilihat pada sekitar 0.9800 diikuti oleh 0.9850 yang merupakan tempat yang baik untuk menjual dengan stop loss yang ketat. Secara keseluruhan saya kekal neutral dan menjual pada resistance atau membeli pada support adalah strategi terbaik pada pasaran yang tidak menentu ini.
