Tag Archives: Bollinger Bands

USD/CHF The USDCHF pair shows sideways trading around the EMA50, noticing that the EMA50 shows clear negative signals on the four hours’ time frame, while the price settles below the intraday bullish channel’s support line that appears on the chart. Therefore, we will continue to suggest the bearish trend in the upcoming period conditioned by the price stability below 0.9440 level, noting that breaking 0.9373 is...

USD/CHF The USDCHF pair approached our waited target yesterday, represented by the bearish channel’s resistance that appears on the above chart, noticing that the price faces good resistance at the EMA50, which forms negative pressure that we expect to push the price to resume its main bearish track again. Therefore, the bearish bias will be suggested in the upcoming sessions, and the waited targets begin at 0.9254...

USD/CHF The USDCHF pair trading settles below the previously broken support that appears in the image, while stochastic provides negative overlapping signal on the four hours time frame, which supports the continuation of our bearish trend expectations in the upcoming sessions, reminding you that our next target at 0.9254. Therefore, the decline will remain preferred on the intraday basis unless breaching 0.9424 level...

USD/CHF The USDCHF pair traded with clear negativity yesterday to approach our waited target at 0.9418, to keep the bullish trend scenario active until now, being away that it is important to monitor the price behavior when touching the mentioned level, as breaching it will push the price to extend its gains and head towards 0.9530 as a next station, while its stability will push the price to decline again. We should...

USD/CHF The USDCHF pair shows some bullish bias to approach retesting the previously broken support that turns into key resistance now at 0.9418, noticing that stochastic loses its bullish momentum clearly to reach the overbought areas, while the EMA50 forms continuous negative pressure against the price. Therefore, our bearish overview will remain active for today unless breaching 0.9418 level and holding above it,...

USD/CHF The USDCHF pair found solid support at 0.9564 barrier, which forced the price to rebound bullishly to approach testing the key resistance 0.9655, met by the EMA50 to add more strength to it, while stochastic shows clear overbought signals now. Therefore, these factors encourage us to continue suggesting the bearish trend in the upcoming sessions, as our next main target is located at 0.9420, noting that the...

USD/CHF The USDCHF pair succeeded to break 0.9656 level and hold with a daily close below it, which confirms opening the way to extend the bearish wave towards our yesterday’s mentioned next target at 0.9566, noticing that the price approaches retesting the broken level now. Therefore, we are waiting for more decline in the upcoming sessions, noting that breaching 0.9656 might push the price to achieve some intraday...

USD/CHF The USDCHF pair traded with clear negativity yesterday to break 0.9892 level and settles below it, which stops the recently suggested positive scenario and put the price within the correctional bearish track again, noting that there is a bearish pattern that its signs appear on the chart, which means that breaking its neckline at 0.9840 will extend the pair’s losses to surpass 0.9800 and reach 0.9730 as a...

USD/CHF The USDCHF pair begins to bounce higher after approaching from 0.9892 level, supported by the EMA50 that meets the mentioned level, while stochastic shows clear bullish trend signals on the four hours time frame. Therefore, these factors encourage us to keep our positive expectations in the upcoming period, waiting for visiting 1.0038 level as a next main station, being aware that breaking 0.9892 will stop...

USD/CHF The USDCHF pair tested the correctional bearish channel’s resistance that appears on the chart and kept its stability below it, accompanied by witnessing clear negative signals through stochastic, which supprots the chances of bouncing bearishly to resume the bearish bias in the upcoming sessions, waiting to test 0.9800 level. Therefore, we suggest witnessing negative trading on the intraday and short term...