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#1 ⇑ Haut ⇑ 30-01-2013 09:29:32
- Bruno
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USD/CHF : The Swiss Franc has not said its last word
The U.S. dollar has continued its downward trend against the Swiss Franc. The last break low at 0.9223 gave us the signal to sell. Currently, the price evolves just below this level. The pair entered into a short-term bearish channel (black lines).
We recommend to trade only short positions as far as 0.9248 is resistance. This level corresponds approximately to the upper limit of the channel. The first objective is set at 0.9172. The breakout of this level will give a new sell signal and allow the test of all lows made at the end of 2012 towards 0.9090. This level corresponds to a parallel of the former medium term downtrend channel (dotted purple line).
In case of return above 0.9248, we will be neutral between this level and 0.9273. The breakout of this level would marks an output of the short-term bearish channel and give a buy signal. A return on 0.9311 will be then expected.
USD/CHF 4h chart
We recommend to trade only short positions as far as 0.9248 is resistance. This level corresponds approximately to the upper limit of the channel. The first objective is set at 0.9172. The breakout of this level will give a new sell signal and allow the test of all lows made at the end of 2012 towards 0.9090. This level corresponds to a parallel of the former medium term downtrend channel (dotted purple line).
In case of return above 0.9248, we will be neutral between this level and 0.9273. The breakout of this level would marks an output of the short-term bearish channel and give a buy signal. A return on 0.9311 will be then expected.
USD/CHF 4h chart
USD/CHF 1h chart
Last analysis on USD/CHF : USD/CHF : Medium term bearish channel output
#2 ⇑ Haut ⇑ 31-01-2013 09:50:19
- Bruno
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Re: USD/CHF : The Swiss Franc has not said its last word
The Swiss Franc has not said its last word. the pair USD/CHF showed us this yesterday by a fall of 100 pips in the day. The price is currently testing the medium term major support at 0.9090 . This level corresponds to one of the slant of the medium term downtrend channel (purple lines). In the short term, this bearish rally has resulted in an output of the downtrend channel from the bottom.
We continue to advise long positions as far as 0.9172 is resistance. A pullback on this level should not be excluded before a resume of the downtrend. The support being tested could lead to a technical rebound to that level which corresponds to the lower limit of the short term bearish channel , as well as a parallel of the medium term downtrend channel.
The break of 0.9090 will give a new sell signal. The price will then continue its movement towards the psychological threshold at 0.90. In case of return above 0.9172, we will be neutral between this level and 0.9250
USD/CHF 1h chart
We continue to advise long positions as far as 0.9172 is resistance. A pullback on this level should not be excluded before a resume of the downtrend. The support being tested could lead to a technical rebound to that level which corresponds to the lower limit of the short term bearish channel , as well as a parallel of the medium term downtrend channel.
The break of 0.9090 will give a new sell signal. The price will then continue its movement towards the psychological threshold at 0.90. In case of return above 0.9172, we will be neutral between this level and 0.9250
USD/CHF 1h chart
USD/CHF 4h chart
#3 ⇑ Haut ⇑ 08-02-2013 09:03:05
- Bruno
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Re: USD/CHF : The Swiss Franc has not said its last word
We expected a pullback on the resistance at 0.9172 before a resumption of the downtrend, but the correction was stronger than expected. The pair USD/CHF is back above the upper band of the short-term bullish channel (black lines) which is currently giving support. The price also crosses the resistance at 0.9172 and is currently moving just above this level. So we're are now neutral between 0.9172 and 0.9250.
We advise to wait an exit of this range to take position:
- Short in case of return below 0.9172. The break of 0.9090 will give a new sell signal and should allow the price to reach the resistance at 0.90. This scenario is reinforced by the fact that the price is always evolving below a parallel of its medium term bearish channel (purple dotted lines).
- Long if 0.9250 is broken. That would mark a medium term bearish channel output. We will then target a return above 0.93 and then 0.9350 in extension.
USD/CHF 1h chart
We advise to wait an exit of this range to take position:
- Short in case of return below 0.9172. The break of 0.9090 will give a new sell signal and should allow the price to reach the resistance at 0.90. This scenario is reinforced by the fact that the price is always evolving below a parallel of its medium term bearish channel (purple dotted lines).
- Long if 0.9250 is broken. That would mark a medium term bearish channel output. We will then target a return above 0.93 and then 0.9350 in extension.
USD/CHF 1h chart
USD/CHF 4h chart
#4 ⇑ Haut ⇑ 20-02-2013 08:57:21
- Bruno
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Re: USD/CHF : The Swiss Franc has not said its last word
No big changes on the pair USD/CHF who tested earlier this week the upper limit of our neutral zone at 0.9250. On the short term, a bullish slant (blue line) has been broken. On the medium term, the price continues to evolve above the upper limit of the bullish channel (purple dotted line). Our feeling is still bearish but we advise to wait an exit of the range 0.9172/0.9250 to take position:
- Short in case of return below 0.9172. The break of 0.9090 will give a new sell signal and should allow the price to reach the resistance at 0.90.
- Long if 0.9250 is broken. That would mark the end of the downtrend. We will target a return above 0.93 and then 0.9350 in extension.
USD/CHF 1h chart
- Short in case of return below 0.9172. The break of 0.9090 will give a new sell signal and should allow the price to reach the resistance at 0.90.
- Long if 0.9250 is broken. That would mark the end of the downtrend. We will target a return above 0.93 and then 0.9350 in extension.
USD/CHF 1h chart
USD/CHF 4h chart
#5 ⇑ Haut ⇑ 21-02-2013 09:29:33
- Bruno
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Re: USD/CHF : The Swiss Franc has not said its last word
The pair USD/CHF finally went out of our neutral zone 0.9172/0.9250 from the top, giving us a buy signal. The price is currently testing the 0.9306 resistance. A pullback of correction could occur towards 0.9250. Indeed, on the short term, the pair is moving in a bullish channel (blue lines) and is currently testing the upper limit.
We recommend to trade only long positions as far as 0.9221 is support. This level corresponds to the lower limit of the channel. The break of 0.9306 will give a new buy signal and should allow the price to test for the third time the resistance 0.9386.
In case of return below 0.9221, we will be neutral between this level and 0.9163 (upper limit of the medium term downtrend channel (purple dotted line).
USD/CHF 1h chart
We recommend to trade only long positions as far as 0.9221 is support. This level corresponds to the lower limit of the channel. The break of 0.9306 will give a new buy signal and should allow the price to test for the third time the resistance 0.9386.
In case of return below 0.9221, we will be neutral between this level and 0.9163 (upper limit of the medium term downtrend channel (purple dotted line).
USD/CHF 1h chart
USD/CHF 4h chart
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USD/CHF : The Swiss Franc has not said its last word
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