USDCHF Weekly Forex Forecast Archives - Advanced Forex Strategies

USDCHF Weekly Forex Forecast

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

USDCHF Weekly Forex Forecast - 9th to 13th Jan 2017

USDCHF Weekly Forex Forecast – 9th to 13th Jan 2017

Technical Outlook: USDCHF’s consolidation from the rising wedge pattern was met with strong support reversal close to 1.0087. Price action is likely to see further bullish momentum push back closer to the price level of 1.0227 which could see some consolidation in the near term. The overall bias in USDCHFRead More

USDCHF Weekly Forex Forecast - 2nd to 6th Jan 2017

USDCHF Weekly Forex Forecast – 2nd to 6th Jan 2017

Technical Outlook: USDCHF has broken down below 1.0227 support/resistance level and indicates further declines. Look for a short term rebound towards 1.0227 where resistance can be established ahead of further declines to the support level at 0.9934 which will complete the downside breakout of the rising wedge pattern. The bearishRead More

USDCHF Weekly Forex Forecast - 26th to 30th Dec 2016

USDCHF Weekly Forex Forecast – 26th to 30th Dec 2016

Technical Outlook: USDCHF has maintained gains above 1.0227 but the question remains for how long. The Stochastics has posted a bearish divergence on a lower high against the higher high in prices. This signals a sharp downside risk towards 0.9934 that could be triggered if USDCHF breaks down below theRead More

USDCHF Weekly Forex Forecast - 19th to 23rd Dec 2016

USDCHF Weekly Forex Forecast – 19th to 23rd Dec 2016

Technical Outlook: USDCHF has been posting strong gains but price action looks weak to the upside. Further gains can be seen coming on a consolidation near 1.0227 resistance/support region. Friday, USDCHF closed with an inside bar which could signal a near term consolidation followed by a breakout. To the downside,Read More

USDCHF Weekly Forex Forecast - 12th to 16th Dec 2016

USDCHF Weekly Forex Forecast – 12th to 16th Dec 2016

Technical Outlook: USDCHF has been posting a strong consolidating near 1.0128 with prices turning volatile around this level. The failure to post any significant highs on consecutive rebounds hints at a potential move down to 0.9934. Given that the SNB and the FOMC meetings are due next week, it isRead More

USDCHF Weekly Forex Forecast - 5th to 9th Dec 2016

USDCHF Weekly Forex Forecast – 5th to 9th Dec 2016

Technical Outlook: USDCHF has failed to clear the 1.0128 resistance level and has been consolidating for nearly the past 9 daily sessions. This indicates and exhaustion to the uptrend and therefore, USDCHF could be poised for a break lower. Support at 0.9934 remains in focus for the moment. Price isRead More

USDCHF Weekly Forex Forecast - 28th Nov to 2nd Dec 2016

USDCHF Weekly Forex Forecast – 28th Nov to 2nd Dec 2016

Previous USDCHF Weely Forex Forecast Technical Outlook: USDCHF has triggered a bearish signal with the doji and Friday’s lower close. Still, price was rejected near the support at 1.0128 meaning that price could consolidate above this level. Short positions are recommended only below 1.0128 for a target to 0.9934. InRead More

USDCHF Weekly Forex Forecast - 21st to 25th Nov 2016

USDCHF Weekly Forex Forecast – 21st to 25th Nov 2016

  Previous USDCHF Weely Forex Forecast Technical Outlook: USDCHF rallied to a 9-month high last week, closing on Friday at 1.0098 after a bullish close above the doji’s high formed on Wednesday. Price is near the major resistance level of 1.0128 which could be tested in the near term, butRead More

USDCHF Weekly Forex Forecast - 14th to 18th Nov 2016

USDCHF Weekly Forex Forecast – 14th to 18th Nov 2016

Technical Outlook: USDCHF is back near the resistance level of 0.9871 – 0.9845 last week. But we see on the 4-hour chart of the hidden bearish divergence that has formed. Price could be seen rising towards 0.9914 – 0.9934 in the near term but look out for a reversal here,Read More