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Category Archives for "USDCHF Weekly Forex Forecast"

Every week we recap the previous week and forecast the following week where we think the USDCHF will be heading in our USDCHF Weekly Forex Forecast. We know you will like our short but concise USDCHF analysis.

USDCHF Weekly Forex Forecast – 26th to 30th June 2017

Technical Outlook: USDCHF extended the declines last week, however there is scope that price action could be forming a higher low. A break out above 0.9730 is required for USDCHF to reverse the current trend. The higher low along with a breakout above 0.9730 will signal a continuation towards 0.9861 where the previously breached support […]

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USDCHF Weekly Forex Forecast – 19th to 23rd June 2017

  Technical Outlook: USDCHF has formed a bottom with price consolidating near 0.9730. A continuation to the upside is required for USDCHF to test the previously broken support level of 0.9894 – 0.9861. If resistance is established here on the counter trend move, USDCHF could be seen pushing lower in the coming weeks. The downside […]

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USDCHF Weekly Forex Forecast – 12th to 16th June 2017

Technical Outlook: USDCHF has formed a temporary bottom testing a 7-month low at 0.9657. The reversal comes just a few pips away from the main target of the descending triangle pattern at 0.9564. In the near term, if the reversal sustains, then USDCHF could be seen testing the breached descending triangle support of 0.9861 – […]

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USDCHF Weekly Forex Forecast – 5th to 9th June 2017

Technical Outlook: USDCHF is on track to extend the declines down to 0.9564 which marks the 161.8% measured target of the descending triangle pattern. However, the bearish momentum is likely to stall after price hits this target. Therefore, watch for any short term bounce in price. We need to see some previous lower highs being […]

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USDCHF Weekly Forex Forecast – 29th May to 2nd June 2017

Technical Outlook: USDCHF failed to make any pullbacks as price action fell sharply off 1.0100 level towards the 127.2% Fibonacci extension level. Further downside is expected to come on a move towards 0.9564. However considering the consolidation that is happening at the current 127.2% level, we can expect to see some upside in price. This could […]

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USDCHF Weekly Forex Forecast – 22nd to 26th May 2017

Technical Outlook: USDCHF closed on Friday right at the 127.2% Fibonacci extension level from the descending triangle pattern. This signals a possibility of a reversal back to the broken support level near 0.9894 – 0.9861 where resistance could be formed. Establishing resistance here will mean that price could potentially reverse and continue the decline down […]

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USDCHF Weekly Forex Forecast – 15th to 19th May 2017

Technical Outlook: USDCHF is continuing to make lower highs and the support level at 0.9894 – 0.9861 has been repeatedly tested. A break down below this support level will no doubt trigger further declines on the descending triangle pattern that is being formed. Alternately, a break out from the falling trend line could trigger some […]

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USDCHF Weekly Forex Forecast – 8th to 12th May 2017

Technical Outlook: USDCHF continued to extend the declines with price closing at support on Friday nar 0.9894 – 0.9861. This is a familiar support that has held out on two other occasions, and it also marks the possible lower highs being formed in price. Thus, in the event of a break down below this support, […]

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USDCHF Weekly Forex Forecast – 1st to 5th May 2017

Technical Outlook: The USDCHF remained a tad weaker but managed to post a higher low, well supported above the major support level near 0.9894 – 0.9861. With the daily Stochastics currently oversold, the bias remains to the upside. Question is whether USDCHF will breakout to the upside, invalidating the descending triangle pattern or if the […]

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USDCHF Weekly Forex Forecast – 24th to 28th April 2017

Technical Outlook: USDCHF posted a brief high before pulling back after breaking out from the falling pitchfork. However, this higher low could signal a bullish continuation if we get to see a positive open on Monday. USDCHF remains on track to test the resistance level of 1.0172 with the downside limited to the strong support […]

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