USDCHF

The USDCHF had a bearish momentum yesterday bottomed at 0.9601 and hit 0.9595 earlier today in Asian session. The bearish pin bar I showed you yesterday gave us a valid bearish signal. The bias is bearish in nearest term testing 0.9550 – 0.9450 key support area which remains a good place to buy with a tight stop loss below 0.9450 as a clear break and daily/weekly close below that area would expose 0.9250 region next week. Fundamental focus today will be on the US NFP number.

Price is now 0.9652, the USD appears to be gaining strength.

Very bad week for the USD/CHF bulls.

The pair was really hard to trade this week. Still no clear direction.

The USDCHF was indecisive yesterday. The bias is neutral in nearest term. Overall price is still in a bullish phase since bounced-off 0.9450 key support but unable to make a clear break above 0.9700 resistance so far as you can see on my daily chart below. Immediate support is seen around 0.9620. A clear break and daily close below that area could trigger further bearish pressure testing 0.9550 region but key support remains at 0.9450. On the upside, a clear break above 0.9700 would expose 0.9765 – 0.9807 key resistance area which remains a good place to sell.

USD/CHF went up a bit this week, i expect this to continue in the week ahead.

USD/CHF reacted bullishly to the NFP and Jobs data on Friday and is now on its way to the upside. Interesting to see how the week goes.

Good correction to the downside. Expecting some more next week.

The pair is in a choppy trading environment. Maybe September will bring clearance.

Pair seems confused, better wait for brighter days.

I'm expecting a move to the downside this week and the next one. I see more potential to the downside.

Moving slightly to the upside. I'm bullish for the week ahead.

Expecting some more downside.

Neutral at the moment, expecting Yellen's speech later today.

I think there will be more to the downside. Expecting about 0.96.

Very slippery pair throughout the week.

I think the bearish trend will get more strength.

Expecting price to move South...

USDCHF Trade Setup

The daily Break the top of a corrective structure ( Range ) was starting from May 2017

The daily is Bullish turn into bullish

So my trade idea will be on the retest of the S/R zone ( the top of CR ) (( 0.98067-0.97701))

will have 2 entries as buy pending order first @ 0.98067​ , Second @ 0.97701​
SL for both @0.97200

TP for both @1.00700