Shuael's Blog

Avatar

USD/CHF range trading

Overview:

USD/CHF is in an overall ranging market between two levels: 1.000 and 0.9835
Starting for June of this year.
My long term expectation is still a dowtrend.
The price was rejected from level 1.000 several times, for this reason in the next few months i expect a downtred to meet 0.944 support level.

Weekly chart:

On the weekly chart you can clearly see the resistennce level around 1.00 aand the ranging market conditions.

Daily chart:
On the daily chart the possible scenario is describe…
Read full story
Translate to English Show original
Shuael avatar
Shuael 27 Sep.

The price was rejected from the support lvl around  0.9947 , moving strongly up today
Let's see if in three days it can move back again to meet my expectation

Shuael avatar
Shuael 30 Sep.

The price moved up all this week, anyway it's very near the price i predited. Let's see what will happen Monday

orto leave comments
Avatar

CHF/SGD Prediction for the 1st of June

Weekly chart:
On the weekly chart the price is near an important resistence zone, from where the price always pulled back.
I expect the same thing to happen again.
I draw also a trend line which shows the price behaviour,
I expcet a triangle pattern to complete.
Daily chart:
On the daily chart i draw the possible scenario.
Considering also the weekly/daily trendline.
Read full story
Translate to English Show original
Shuael avatar
Shuael 23 May

Update: The price is moving lower, looking for a retest of the preivous lows

Shuael avatar
Shuael 30 May

Update: The price is near my target and near the support zone, let see how it will react in this 2 days.

Shuael avatar
Shuael 1 June

Update: Price decided to trade higher after hiting the support level

orto leave comments