All Blog Posts Tagged 'CHF' (60)

USDCHF - Key average caps - Bearish Engulfing background targets .9595

There was limited net movement yesterday in USDCHF with both initial highs and subsequent lows rejected. But the failure to rally through the key 13 day moving average coupled with last week's Bearish Engulfing pattern keeps sentiment negative with potential to .9618 and .9595.…

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Added by Alan Collins on December 16, 2014 at 6:56am — 1 Comment

GBPCHF - Temporary bounce has further to run

With signals cautious near the 200 day average rate, Monday’s trading saw sentiment improve by just over ½ Big Fig on the day. The buying has also come from close to the lows posted in June, Sep & Oct, but so far it hasn’t offered a bullish reversal pattern, or has it ended a sequence of lower daily highs. With this in mind, the outlook for Tuesday is just cautiously and temporarily bullish with potential through 1.5105 to 1.5150.…

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Added by Alan Collins on November 18, 2014 at 7:27am — No Comments

USDCHF - Key Average supports further upside

For a 3rd day in a row selling interest stalled at the key 13 day moving average. That point is acting as a platform but without yet translating into significant demand – only minor net gains resulting yesterday. This means that intraday signals for sentiment cannot be strong but with momentum and strength indicators (RSI) also mildly positive we look for buying interest to build with potential to .9701 and .9726.…

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Added by Alan Collins on November 13, 2014 at 7:00am — No Comments

USDCHF - Stalled near Cloud - Setback likely this week

An initial move to 7 month highs proved temporary. Profit taking was attracted above .9100 and the resulting pullback left prices virtually unchanged on the week – the 2nd such week in a row. It is the upside rejection though that has given technical signals a negative tone, although the stalling on Friday at the 13 day moving average is a concern. So potential exists for a profit taking setback to .8971/91 or even .8916.…

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Added by Alan Collins on August 11, 2014 at 6:35am — No Comments

USDCHF - Key Marabuzo line platforms gains -.9015 targeted

The significant of the Marabuzo line formed July 3rd was emphasised yesterday. Confirming our weekly call, that point was rejected for a 5th day in a row. This time this led to aggressive buying of USDCHF and a close above the 200 day moving average. Continued in Asia, modestly, intraday signals for sentiment are overbought and there is growing potential for profit taking but with the underlying tone assessed as positive with potential to .8998 and…

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Added by Alan Collins on July 16, 2014 at 6:15am — No Comments

USDCHF - Capped by key Average - losses to deepen

A 2nd down week in succession was posted last week but the real story was the weakness of rally attempts. The topside was easily capped by the 13/200 day moving average with the week finishing with increased selling pressure that took USDCHF to the most negative levels traded for 6 weeks.

In addition, strength indicators (RSI) are negative and so we look for this gradual deterioration to deepen in the coming days with potential to .8862, .8825 or even .8776.…

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Added by Alan Collins on June 30, 2014 at 6:56am — No Comments

USDCHF - Upside rejection to dominate - .8859 targeted

Initial trading yesterday saw the demand from this month’s low continued. This latest upside took USDCHF through the top of the rising Keltner channel and to the most positive levels traded for 13 weeks. However, these gains were aggressively reversed, correcting overbought extremes, and bringing prices back to the 100 day avg and the top of the daily Ichimoku Cloud. The failure to break through that area is a concern but the upside rejection dominates the background and so there is…

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Added by Alan Collins on May 16, 2014 at 6:33am — No Comments

USDCHF - Weak rally turns focus to downside.

The relevance of the Marabuzo line created 4 weeks ago was proved as, for a 3rd week running rally attempts stalled around that point. The result was a 2nd down week in succession and a rejection of the daily Ichimoku Cloud.

With the 13 day moving average now capping and the daily Keltner channel now trending negatively we look for this selling pressure to deepen with potential this week to .8699 or even .8628.…

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Added by Alan Collins on May 5, 2014 at 6:28am — No Comments

USDCHF - Key Average platforms gains towards .8912

Mirrored price action in EURUSD yesterday although gains in this currency pair are more pronounced due to a weaker CHF. Using the 13 day moving average as a platform, minor gains took prices into the daily Ichimoku Cloud. This price action does not provide strong intraday signals but they are mildly positive with potential for .8880 and .8912.…

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Added by Alan Collins on April 22, 2014 at 7:00am — No Comments

USDCHF - 3 reasons to short this week

A sequence of 3 up weeks ended with strong selling last week - emphasising the importance of a 50% correction point. There are 3 main reasons we look for the downside to extend.                

1) Prices are 'hugging the lower end of a negative Keltner channel.                                                         2) The key 13 day moving average is capping rallies.            

3) CHF showing broad strength.   

 

Potential for .8712 and .8676.…

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Added by Alan Collins on April 14, 2014 at 5:59am — No Comments

USDCHF weak recovery so sentiment targets .8739

A sequence of 3 down days ended Mon as profit taking developed at the bottom of the Keltner channel. Gains were limited, after a negative gap on the open, and unable to regain any significant portion of Fri’s decline. This, despite minor gains in Asia, reflects the weakness of demand and while early gains are probable we look for them to be limited. So scope through .8761 to .8739 or even .8712.…

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Added by Alan Collins on March 11, 2014 at 7:13am — No Comments

USDCHF - Building positive base

Unable to extend Tuesday's setback from 9 week highs, renewed demand was seen yesterday. While the net upside was limited prices are supported by the Ichimoku Cloud and the 13 day moving average.

In addition the 'golden' cross of the 13 & 100 day averages confirms a trending market with potential for the upside to retest this week's .9156 top and even towards .9192 in the coming days.…

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Added by Alan Collins on January 23, 2014 at 6:59am — No Comments

USDCHF - Rejection of key average gives bullish signals

The importance of Friday’s stalling at the 13 day moving average was proved by fresh demand yesterday. This upside itself faltered at the 200 day line and so prices are currently trapped between those key indicators. This type of price action does not provide strong signals but with the support of the 13 day line in the background, intraday sentiment is assessed as positive with potential to .9014 or even towards .9050.…

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Added by Alan Collins on January 21, 2014 at 7:00am — No Comments

USDCHF Breaks key 100 dma

Against a back of bullish sentiment for this week, continued demand took USDCHF through the 100 day moving average – the 1st time since Sep. A 4th up day from the last 5 days means that the currency pair is trading at the highest levels for 6 weeks. Of course, the speed of gains leaves sentiment overbought but with profit taking remaining limited and CHF weakness in the background,further upside is assessed as likely with potential targets at .9136, .9165 and…

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Added by Alan Collins on January 9, 2014 at 7:25am — No Comments

What To Expect From CAD, CHF In 2014? - Barclays

CAD will likely weaken against the USD in the medium term as the BoC is likely to stay on hold for longer – until Q1 2015 – while the Fed will start tapering in January 2014, says Barclays.



"The degree of depreciation is likely to be rather modest compared with other commodity currencies such as AUD, however, given that other medium-term CAD-supportive factors such as a modest US growth outlook and resilience in oil prices would remain in place," Barclays… Continue

Added by ZeusFXTrader on December 31, 2013 at 7:08am — No Comments

USDCHF - 3 reasons to remain bearish this week

A 4th negative weekly performance in a row was posted last week. Signals for sentiment are overstretched but there are 3 main reasons why we still favour the downside;

  • Key Marabuzo line from 6 weeks ago now broken.
  • Prices hugging a negatively trending daily Keltner channel
  • Important 13 day moving average is capping rallies

In addition EURCHF is traded at 2 month lows with last week's decline the most negative since February.

Potential…

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Added by Alan Collins on December 9, 2013 at 7:21am — No Comments

USDCHF - Break of Cloud adds to selling pressure.

The selling at a 62% correction point has proved significant with the reaction to that point extending into a 2nd negative week in a row. A mid-week rally proved temporary with sellers emerging inside the daily Ichimoku Cloud and although a key Marabuzo line created 4 weeks ago has yet to be tested, negative strength indicators mean that we look for the downside to continue.

Potential targets include .9014 and .8951.…

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Added by Alan Collins on November 25, 2013 at 8:23am — No Comments

USDCHF breaks key average. Scope to Marabuzo line at .9014

Selling pressure remained a dominant background feature Tue. Minor losses were posted for a 3rd day in a row and a close below the 13 day m.a for the 1st time in Nov. Selling has deepened overnight and although the scope of the moves remains muted, with a Keltner channel increasingly negative and bounces limited the intraday tone is mildly negative. 

Scope to .9066 and below that a key Marabuzo line from 3 weeks ago, .9014, comes into focus.…

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Added by Alan Collins on November 20, 2013 at 7:03am — No Comments

What's next for USDCHF: Wave Analysis

USDCHF[6H] broke out of the daily downward TL channel early…

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Added by fx-Syndicate on November 8, 2013 at 1:09pm — No Comments

USDCHF - Keltner channel trending - 2012 lows in focus.

The market failed to extend Tuesday’s rejection of 20-month lows. Instead selling pressure was renewed but although a 3rd negative performance from the last 4 days resulted, net losses were modest and the week’s lows went untested. This means signals are not strong going into today but with the Keltner channel trending bearishly, limited rallies and renewed selling in Asia the focus remains on the downside with a move through .8993 confirming a exposing .8972 then towards the 2012…

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Added by Alan Collins on October 3, 2013 at 6:40am — No Comments

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