USDCHF Weekly Forex Forecast Archives - Advanced Forex Strategies

USDCHF Weekly Forex Forecast

USDCHF Weekly Forex Forecast - 20th to 24th Mar 2017

USDCHF Weekly Forex Forecast – 20th to 24th Mar 2017

Technical Outlook: USDCHF broke down sharply below the rising trend line which extended the declines down to 1.0012. Further downside could be expected if the current retracement stalls near 1.0012 where resistance could now be established. However, there is scope for USDCHF to break above 1.0012 in which case weRead More

USDCHF Weekly Forex Forecast - 13th to 17th Mar 2017

USDCHF Weekly Forex Forecast – 13th to 17th Mar 2017

Technical Outlook: USDCHF has maintained its bullish bias but the weekly price action shows increasingly smaller bodies compared to the weekly ranges. This is indicative of a potential exhaustion to the trend in the near term with last week’s high of 1.0170 testing the 50% retracement level from the rangeRead More

USDCHF Weekly Forex Forecast - 6th to 10th Mar 2017

USDCHF Weekly Forex Forecast – 6th to 10th Mar 2017

Technical Outlook: USDCHF has been consolidating for the most part last week with prices seen hovering near 1.0096 support/resistance level. The current declines are expected to continue, which could see USDCHF slip towards 1.0010 support level, which will mean a breach of the rising trend line as well. USDCHF isRead More

USDCHF Weekly Forex Forecast - 27th Feb to 3rd Mar 2017

USDCHF Weekly Forex Forecast – 27th Feb to 3rd Mar 2017

Technical Outlook: USDCHF rallied back to 1.0100 last week but the price action is starting to look convincing to the downside with the movement coming in within the broadening wedge pattern. As long as price doesn’t breakout above the highs of 1.0140, USDCHF could be looking weaker as prices willRead More

USDCHF Weekly Forex Forecast - 20th to 24th Feb 2017

USDCHF Weekly Forex Forecast – 20th to 24th Feb 2017

Technical Outlook: USDCHF has beeen range bound within 1.0060 and 0.9934 with no directional bias being established. This indicates that the sideways range will sooner or later breakout to establish the trend. For the moment, it is evident that resistance at 1.0100 – 1.0060 has been firm enough to pinRead More

USDCHF Weekly Forex Forecast - 13th to 17th Feb 2017

USDCHF Weekly Forex Forecast – 13th to 17th Feb 2017

Technical Outlook: USDCHF has turned bullish following the hidden bullish divergence that was identified last week. Price briefly rallied to 1.0060 before closing lower. Further upside is expected on a breakout above 1.0060, in which case USDCHF will be testing 1.0100 which is a resistance levle of interest. USDCHF couldRead More

USDCHF Weekly Forex Forecast - 6th to 10th Feb 2017

USDCHF Weekly Forex Forecast – 6th to 10th Feb 2017

Technical Outlook: USDCHF continued to extend the declines down to 0.9934 as the daily chart’s Stochastics points to a hidden bullish divergence with price making a higher low and the Stochastics printing a lower low. The current consolidation near the support level at 0.9934 could however mean there is scopeRead More

USDCHF Weekly Forex Forecast - 30th Jan to 3rd Feb 2017

USDCHF Weekly Forex Forecast – 30th Jan to 3rd Feb 2017

Technical Outlook: USDCHF failed to validate the evolving head and shoulders pattern as price fell lower towards 1.0000. Still, the doji candlestick formed on Thursday and Friday signal initial signs of a short term retracement to the upside. Immediate resistance is seen at 1.0097 which could be tested in theRead More

USDCHF Weekly Forex Forecast - 23rd to 27th Jan 2017

USDCHF Weekly Forex Forecast – 23rd to 27th Jan 2017

  Technical Outlook: USDCHF failed to rally back to 1.0188 and instead closed on Friday on a bearish note at 1.0020. A bearish follow through from here could signal further declines towards 0.9934 support while the evolving head and shoulders pattern would be invalidated. However, there is a risk ofRead More

USDCHF Weekly Forex Forecast - 16th to 20th Jan 2017

USDCHF Weekly Forex Forecast – 16th to 20th Jan 2017

Technical Outlook: USDCHF closed the week on a bearish note at 1.0089 on Friday. This came after price rallied back higher above 1.0227 before giving up its gains. Price action in USDCHF remains volatile at best, but the current pace of declines suggests a potential smooth trend that could beRead More