USDCHF Weekly Forex Forecast Archives - Advanced Forex Strategies

USDCHF Weekly Forex Forecast

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

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