USDCHF
Member Since Oct 02, 2014
909 posts
Oct 01, 2018 at 17:05
The pair moved to the upside these past month, I think parity would be a good time to go short.
Positivity
Member Since Sep 26, 2018
9 posts
Oct 02, 2018 at 12:46
Move up is losing momentum now. It might not make it to parity. If price levels out for a week then I will consider shorting
Apr 07, 2019 at 07:17
BuddahMan posted:
USDCHF is up up up at the moment. Probably a bit over extended right now but it would be a brave man to sell into it. I will be buying into pull backs
So, am I a brave man :)? Just keep selling USDCHF for almost 2 months.
Member Since Jul 12, 2016
78 posts
May 15, 2019 at 11:42
With a good momentum, the price of USDCHF Spot Forex pair is moving up. Price action is stepping up and Forex traders could easily notice that price action is printing higher swing highs and higher swing lows. Key support level is present at 0.9893 price level, based on most recent swing low in daily time frame of USDCHF.
On Tuesday in Swiss Franc, there was no important news event declaration. Technically; bullish prices could easily move USDCHF towards next resistance target at 1.0300. With reference to the strong up trend, traders should consider only buy trades and no trade against bullish momentum of USDCHF. However; a clear bearish break down in price action below 0.9893 vital support area will end the up momentum. In such type of Forex trading market situation, avoid buying and selling USDCHF and just keep re-analyzing the price movement.
On Tuesday in Swiss Franc, there was no important news event declaration. Technically; bullish prices could easily move USDCHF towards next resistance target at 1.0300. With reference to the strong up trend, traders should consider only buy trades and no trade against bullish momentum of USDCHF. However; a clear bearish break down in price action below 0.9893 vital support area will end the up momentum. In such type of Forex trading market situation, avoid buying and selling USDCHF and just keep re-analyzing the price movement.
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