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#1 ⇑ Haut ⇑ 04-01-2013 09:51:02
- Bruno
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USD/CHF : Medium term bearish channel output
A rally took place yesterday on the pair USD/CHF who first got back in the neutral zone between 0.92 and 0.9250 before giving us a buy signal by the break of the key resistance at 0.9250. The breakout of this level led to a medium term bearish channel output (purple lines). On the shorter term, a bullish slant is formed.
We now recommend to trade only long positions as far as 0.9222 is support. This level corresponds to the upper limit of the channel. The first objective of increase is set at 0.9325. A pullback on the support at 0.9250 is possible and should intervene in case of breakout of the bullish slant. The upward break of 0.9325 will give a new buy signal and allow a pursuit of the movement towards the next resistance at 0.9385.
In case of return below 0.9222, we will be neutral between this level and 0.9185.
USD/CHF 4h chart
We now recommend to trade only long positions as far as 0.9222 is support. This level corresponds to the upper limit of the channel. The first objective of increase is set at 0.9325. A pullback on the support at 0.9250 is possible and should intervene in case of breakout of the bullish slant. The upward break of 0.9325 will give a new buy signal and allow a pursuit of the movement towards the next resistance at 0.9385.
In case of return below 0.9222, we will be neutral between this level and 0.9185.
USD/CHF 4h chart
USD/CHF 1h chart
Last analysis on USD/CHF : USD/CHF : Return of the bearish trend
#2 ⇑ Haut ⇑ 08-01-2013 09:08:18
- Bruno
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Re: USD/CHF : Medium term bearish channel output
The price has failed at the end of last week to extend its bullish movement following the output of its medium term bearish channel (purple lines) and has just completed a pullback on the upper limit. Given the bearish slant in daily, we are neutral on the pair USD/CHF between 0.9185 and 0.9250.
We advise to wait an exit of this range to take position again:
- Long in case of return above 0.9250. A test of the resistance at 0.9324 will be expected at first and then 0.9385 in extension.
- Short in case of breakout of 0.9185 which definitively mark the resumption of the downtrend. A return on the lowest towards 0.91 should intervene.
USD/CHF 4h chart
We advise to wait an exit of this range to take position again:
- Long in case of return above 0.9250. A test of the resistance at 0.9324 will be expected at first and then 0.9385 in extension.
- Short in case of breakout of 0.9185 which definitively mark the resumption of the downtrend. A return on the lowest towards 0.91 should intervene.
USD/CHF 4h chart
USD/CHF 1h chart
#3 ⇑ Haut ⇑ 11-01-2013 10:22:18
- Bruno
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Re: USD/CHF : Medium term bearish channel output
The daily bearish slant marked by LuDST worked perfectly and resulted in a new bearish wave on the pair USD/CHF who has broken the support at 0.9185, giving us the sell signal. The price at the same time returned into its medium term bearish channel (purple lines). A pullback on the the upper band as well on the resistance at 0.9185 is going to happen.
We recommend to trade only short positions as far as 0.9221 is resistance. The price should run in the coming days towards the support at 0.91 which rathers all the low in December and so it's a major support. The downward break of this level will give a new sell signal important and open the way for 0.9050 and 0.90 in extension.
In case of return above 0.9221, we will be neutral between this level and 0.9275 (last high).
USD/CHF 4h chart
We recommend to trade only short positions as far as 0.9221 is resistance. The price should run in the coming days towards the support at 0.91 which rathers all the low in December and so it's a major support. The downward break of this level will give a new sell signal important and open the way for 0.9050 and 0.90 in extension.
In case of return above 0.9221, we will be neutral between this level and 0.9275 (last high).
USD/CHF 4h chart
USD/CHF 1h chart
#4 ⇑ Haut ⇑ 23-01-2013 09:12:52
- Bruno
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Re: USD/CHF : Medium term bearish channel output
The pair USD/CHF do not to continue its upward trend started since January 13th for the moment. The reluctance of the price is reflected in the short term by the appearance of a triangle of consolidation. Yesterday, the price made an output from the bottom of this triangle but a major short-term support (dotted green line) is at 0.9273 and is currently acting strongly.
We continue to advise long positions as far as this level is support. A return over the medium term resistance at 0.93 would reinforce our bullish sentiment. A new test of 0.9370 will be then expected. The breakout of this level will give a new buy signal and will allow the price to reach 0.94.
In case of return below 0.9273, we will be neutral between this level and 0.92. This level corresponds to an extension of the upper limit of the last bearish channel (purple dotted line).
USD/CHF 1h chart
We continue to advise long positions as far as this level is support. A return over the medium term resistance at 0.93 would reinforce our bullish sentiment. A new test of 0.9370 will be then expected. The breakout of this level will give a new buy signal and will allow the price to reach 0.94.
In case of return below 0.9273, we will be neutral between this level and 0.92. This level corresponds to an extension of the upper limit of the last bearish channel (purple dotted line).
USD/CHF 1h chart
USD/CHF 4h chart
#5 ⇑ Haut ⇑ 29-01-2013 09:33:27
- Bruno
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Re: USD/CHF : Medium term bearish channel output
At the end of last week, the pair USD/CHF failed to continue its bullish movement and stumbled on the resistance at 0.9370. Since then, a correction is in place and appears in the form of a bearish slant in h1 (black line). The price made a low at 0.9223.
We are neutral between this level and 0.9273. This level corresponds to the level of the bearish slant. We advise to wait an exit of this range to take position:
- Long in case of return above 0.9273. We will then expect a return on 0.9310. The break of this level would allow a retest the resistance at 0.9370.
- Short if the last low at 0.9223 is broken. The support at 0.9173 will be our first objective.
USD/CHF 1h chart
We are neutral between this level and 0.9273. This level corresponds to the level of the bearish slant. We advise to wait an exit of this range to take position:
- Long in case of return above 0.9273. We will then expect a return on 0.9310. The break of this level would allow a retest the resistance at 0.9370.
- Short if the last low at 0.9223 is broken. The support at 0.9173 will be our first objective.
USD/CHF 1h chart
USD/CHF 4h chart
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USD/CHF : Medium term bearish channel output
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