USDCHF bounce long 400 pips...an idea?
Page 1 of 502 12 LastLast
Results 1 to 10 of 19

Thread: USDCHF bounce long 400 pips...an idea?

  1. #1
    I've been following the fall of this USDCHF (greater than 500 pips) throughout the month of March on the H4:



    The main driver of this fall is presumably the hope that the markets have lost on almost any US interest rate climbs in April. This week, the FED moments came out, and they showed some -gentle - intention to never close the door June. Should you think about what 2 wage increase reports in a row may perform to expectations of a hike... All sorts of rumors could fire off, expectations could grow, and we can observe that the Franc use that momentum to retrace to a comfortable 0.98 - 0.99 range:

    This is the H4:


    This is the identical range from the D1:


    To believe that the US will present fantastic numbers in the future isn't far fetched in any way, if anything, the weaker dollar could have aided the exports, and foreign sales in Q1.

    Anyone Taking a Look at the USDCHF from this angle?

  2. #2
    USDCHF has correctly broken into it's monthly high 0.96300: (H1)



    Now we are setup for today's US numbers !!

  3. #3
    Quote Originally Posted by ;
    quote You make an excellent point, really I am not looking for a change here....if happens excellent, but I'm shooting for a retracement to about 0.99...I think that's in the cards the moment we get successive positive US salary growth reports, inflation growth, anything along the lines of firing up the rate increase talk. What's your take on a pullback into 0.99?
    Are you still holding?

  4. #4
    Quote Originally Posted by ;
    quote Are you holding?
    Yes, I am loving this rally, still aiming at 0.99.

  5. #5
    Quote Originally Posted by ;
    USDCHF has correctly broken into it is monthly high 0.96300: (H1) image Now we are set up for today's US amounts !!
    If you exchange daily time period, understand that 1hr breakout may give false signal/breakout.

  6. #6
    Quote Originally Posted by ;
    quote Yes, I'm enjoying this rally, still aiming at 0.99.
    Just see 0.9683-94 degree as resistance... my strategy was overly book some here

  7. #7
    Quote Originally Posted by ;
    quote just see 0.9683-94 level as resistance... my strategy was too novel some here
    Novel, rinse, and repeat till 0.99

  8. #8
    Quote Originally Posted by ;
    quote If you trade daily Time Frame, know that 1hr breakout can provide false signal/breakout.
    Thanks . About the H1, I think that it's looking quite adequate:



    If you look at the H4, I think that it's looking strong, correct Par. SAR service:



    First resistance point, acting as service, has been busted.


  9. #9
    Hey OP, are you still holding to your Long position?

  10. #10
    Quote Originally Posted by ;
    Hey OP, are you still holding on to a Long position?
    Yes, I'll be long on USDCHF till ~0.99.


    Treading carefully of course, but planning for that amount.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
This website uses cookies
We use cookies to store session information to facilitate remembering your login information, to allow you to save website preferences, to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners more information