Hello my dear friend how are you hope you will be fine enjoy your trading thank you so much for sharing your thoughts on the matter I also agree with you guys I think now this currency will definitely move in upward direction so a great opportunity for us to buy now
Hello to our fellow traders and speculators who are here in the forum!
Letís discuss the current situation of the US dollar/Swiss franc currency pair:
The level of resistance has not yet yielded to buyers and attempts to overcome this also failed. Therefore, we are trading within the side range at the moment. On the other hand, the level of support also held wll and when attempting to break through its price, it was pushed back to the flat. The general position of this currency pair is a trend towards the upside and so far, the activity of the sellers cannot be noticed. There is also no discussion regarding stopping the trend, in the form of an impulse in the opposite direction. Therefore, we will resume to focus our attention on increasing the price.
The details of the likely options for the price movement can be examined on the USD/CHF chart.
The resumption of the price movement above should be supported by breaking through the level of resistance, which is located at the level of 0.9552 and not only to ascend higher, but also consolidate. This will then be considered as a strong signal to resume the upward movement. In the event of sellersí active position, a rebound will be very likely and a decline in prices to the level of support which is located in the area of 0.9430. Considering that this level will be overcome, there will be a high probability for a reversal. Thus far, everything looks towards the upward movement of the pair. Purchases are a priority. Entering the position from the pullback will be great but only after breaking through.
Buyers' attempt to push the level of resistance failed and thus, the price went back to trade in the side range. The lower boundary of the flat was also not accessible, so we will earn positions for a further break through in the main trend. The direction of this currency pair remains as before in the upward direction and while the seller could not oppose the buyers anything serious to take the initiative and move down, the bulls are making use of this to push the price further to the top.
The details of the possible price movements for the US dollar/Swiss franc can be determined on the chart.
In order for the price to rise higher in the future, it is necessary to break through the level of resistance located at 0.9551. Following the breakthrough of this boundary, the price should consolidate for it and then increasing the quotes further can be considered. On the other hand, if the activity of the sellers at this level increased, then there is a high possibility that the dollar/franc pair will decline to the level of support located in the price range of 0.9430. After breaking through it, it will now be possible to move down further for a deeper correction. Thus far, everything is directed upwards, so purchases remain to be the priority in trading. It is recommended to enter deals after breaking through the level of resistance or from the lower boundary of the flat.
Greetings to all traders and speculators who are here in the forum!
Letís talk about the US dollar/Swiss franc currency pair:
Here, it is believed that there is a high possibility that the price movement for the following week will be the formation of zig zags on maximums, probably with the update of the current local maximum located around the level of 0.9900. Moreover, this currency pair is expected to attempt to increase, and thus far, it suggested not to move quickly into sales. During the start of the week, it is worth waiting and not jumping into deals. Thus, we should take a wait-and-see attitude during the day. Generally, we should be cautious.
For the USD/CHF currency pair, strengthening should be looked forward to in order to resume the further movement. For the support level, we have the level of 0.9730, until the pair consolidates under the indicated level, it is recommended not to take risks and ascend with sales again. Nevertheless, the market will likely give a chance to open a short position and so, extra losses are not necessary.
Generally, it is not important to have a local pullback to 0.9770 -0.9760 in the morning. Here, there is a possibility to purchase with a close stop. However, based on the goals of the upward movement, you are set to reach the level of 0.9970. From this level, attempting to sell can be considered, due to the fact there is an intersection of trend lines on the weekly chart, although it is still too early to increase. But if this plan turns out to be wrong, then the trading plan will be rebuild again.
The medians of the M15 and H1 timeframes acted as dynamic resistances to the prices, so we saw a pullback downwards yesterday. As a result, a local low was formed at 0.9716.
I am not sure if this movement can be called testing of the median of the D1 timeframe, but still, the price went in the opposite direction.
Anyhow, the main thing is that there is no update of the previous local high (0.9887), while there is an update of the local low (0.9789).
At the moment, the price is again at 0.9796, under the medians of the M15 and H1 timeframes. Thus, today, we can expect again a movement downwards, to the direction of 0.9702.
Volatility has increased, which is very good. Now, we donít have to wait for a reversal every 10-20 points.
As for movements, we just need to check the indicators to see which direction the pair will move.
In the D1 timeframe, the quotes of the pair moved downwards, but has not yet worked out the goal of the price rollback, which is 0.9700. It is currently between the TMA median channel and the area of resistance formed by the M15, M30 and H1.
After the pair tests the median channel of the D1 timeframe, I expect a rebound of prices upwards, then a breakdown of the median channel downwards.
Forex Forum mt5.com – Introduction.
Forex market is high-yield and risky
mean of taking profit by operations with the currency rates. Instruments
of work at Forex market in many ways determine the result of currency
trading made by Forex market participants – brokersí clients. Every
Forex broker offers its own terminal, however the most part of brokers
and traders concur in choosing MetaTrader 4 and MetaTrader 5 terminals.
This forum is created for those who prefer the terminal of MetaTrader
series in trading on Forex.
Forex Forum mt5.com – trade discussion.
Forex market forecasts, independent
opinions of novice traders and experts of the currency market – all
this you will find at the Forex-forum of trades discussion. Solid experience
of work on Forex is preferable, but all comers including Forex-newbies
may come and share their opinion as well. Mutual help and dialog –
the main goal of communication at Forex-forum, devoted to trading.
Forex Forum mt5.com – dialog with
brokers and traders (about brokers).
If you have negative or positive experience
of work with Forex broker – share it at Forex Forum, related to the
questions of Forex service quality. You can leave a comment about your
broker telling about advantages or drawbacks of work at Forex with it.
The aggregate tradersí reviews of brokers constitute a rating. In
this rating you can see the leaders and outsiders of the Forex services
Free discussions at the Forex Forum
You are a trader and want to relax?
Then Forex Forum for free discussions is for you. There are no doubts
that conversation on subjects close to Forex market is preferential.
Here you will find jokes about traders, caricature of Forex brokers
and full-rate Forex off top.
Bonuses for communication at Forex
This forum is created by traders for
traders and is meant for deriving of profit. However, each post at the
Forex forum gives its author a forex bonus, which can be used in Forex trading
at the account opened with one of the forumís sponsors. This small
gift is presented with the aim to reward professional traders for spent
time at our forum.
We appreciate your choice of Forex
forum mt5.com as a platform for communication.