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USDCHF Discussions

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Hi,

 

Seeing the increase in posts on various currency pairs, we have decided to start generic threads, this one being for USD/CHF.

 

All items related to this should go in here, *unless* there is a specialized topic or question related to this.

 

We will err on the side of caution and assume discussions on the pair should be in this thread.

 

I hope this will keep the forums clean, discussions coherent and synchronized.

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Hello Everybody,

The week starting 17th March we bring to you 3 high probability trade setups. One of which is Usd/Chf which is in a potential Long Zone with a trade quality of 80%.

USDCHF broke out of ascending channel, and currently retracing to retest 0.94050 – 0.93700 zone. Retest of this zone will provide a nice “High probability Long “Trade.

Best

TradeCuts

5aa711ccc47a4_usdchftradesetup18thMarch.jpg.e5dce95656eb7002b912034ef619e97a.jpg

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USD/CHF WEEKLY as of Monday, 18 March, 2013

A Weekly black body has formed (because prices closed lower than they opened).

For the past 10 Weekly candlestick bars as of 15/03/2013, there are 6 white candles versus 4 black candles with a net of 2 white candles.

For the past 50 Weekly candlestick bars as of 15/03/2013, there are 25 white candles versus 24 black candles with a net of 1 white candles.

A Weekly engulfing bearish line has formed (where a black candle's real body completely contains the previous white candle's real body). The engulfing bearish pattern is bearish during an uptrend (which appears to be the case with US Dollar / Swiss Franc). It signifies that the momentum may be shifting from the bulls to the bears.

If the engulfing bearish pattern occurs during a downtrend, it may be a last engulfing bottom which indicates a bullish reversal. The test to see if this is the case is if the next candle closes above the bottom the current (black) candle's real body.

Elliott Waves High Volatility has detected a possible point 4 of a WolfWave (21%) pattern for US Dollar / Swiss Franc. This pattern is an expanding triangle and trades from the next point. When the peak or trough will form, usually after crossing or touching the extended line of points 1 and 3, the price will move in the opposite direction towards the target line formed by the extension of points 2 and 4.

The present wave patterns are:

fast amplitude (8%): bullish wave 2

moderate amplitude (13%): bullish wave 1

normal amplitude (21%): bullish wave 1

US Dollar / Swiss Franc is long term Bearish as the 144 days moving average of 0.95 is decreasing. The Relative Strength Index is at 52.38 in the neutral territory. The Relative Momentum Index is at 54.15 in the neutral territory. An important indicator for Elliott waves, the Elliott oscillator is at 0.01, in positive territory; this is a bullish sign. An equally important indicator, the STORSI is at 88.36. This value is in the overbought territory.

chf-candle-w.thumb.png.f17f6ac1a5baebf489a24928ffce73fa.png

chf-wave-w.thumb.png.eccb6a793c2e085dc6288b3d0b4667c0.png

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USD/CHF DAILY as of Tuesday, 26 March, 2013

A Daily big white candle has formed. This is a bullish candle as prices closed significantly higher than they opened. If the candle appears when prices are "low," it may be the first sign of a bottom. If it occurs when prices are rebounding off a support area (e.g., a moving average, trend line, or retracement level), the long white candle adds credibility to the support. Similarly, if the candle appears during a breakout above a resistance area, the long white candle adds credibility to the breakout.

For the past 10 Daily candlestick bars as of 25/03/2013, there are 5 white candles versus 5 black candles.

For the past 50 Daily candlestick bars as of 25/03/2013, there are 24 white candles versus 26 black candles with a net of 2 black candles.

A Daily engulfing bullish line has formed (where a white candle's real body completely contains the previous black candle's real body). The engulfing bullish pattern is bullish during a downtrend. It then signifies that the momentum may be shifting from the bears to the bulls.

If the engulfing bullish pattern occurs during an uptrend (which appears to be the case with US Dollar / Swiss Franc), it may be a last engulfing top which indicates a top. The test to see if this is the case is if the next candle closes below the top of the current (white) candle's real body.A Daily piercing line has formed (which indicates that prices moved down on the previous bar, opened even lower, but then closed significantly higher). This implies strength as the momentum appears to be shifting from the bears to the bulls. Note that the higher the close of the white candle (relative to the black candle), the more bullish the Piercing Line pattern.

SAR trigger a sell signal 6 days ago.

The close is currently

ABOVE its 200 daily moving average

ABOVE its 50 daily moving average

ABOVE its 20 daily moving average

The current market condition for US Dollar / Swiss Franc is Very Bullish

chf-candle-d.thumb.png.6f400d6525eb1c2d41f04005e9e2bee9.png

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Hello

 

I am an Australian journalist looking to speak to FX traders who made or lost money on the CHF mess in Switzerland. If you or someone you know were willing to speak with me briefly, my email is jkehoe@afr.com.au . Thank you.

 

John Kehoe

United States Correspondent

The Australian Financial Review

1310 G Street NW

Suite 750

Washington, DC 20005

Cell: +1 (202) 285 9000

Email: jkehoe@afr.com.au

Twitter: @johnkehoe23

Financial Review - business, finance and investment news | afr.com

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Hello

 

I am an Australian journalist looking to speak to FX traders who made or lost money on the CHF mess in Switzerland. If you or someone you know were willing to speak with me briefly, my email is jkehoe@afr.com.au . Thank you.

 

John Kehoe

United States Correspondent

The Australian Financial Review

1310 G Street NW

Suite 750

Washington, DC 20005

Cell: +1 (202) 285 9000

Email: jkehoe@afr.com.au

Twitter: @johnkehoe23

Financial Review - business, finance and investment news | afr.com

 

look for busted alpari or excel markets traders. they certainly will help you

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