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USDCHF WILL RISE TO HIGHS

killer195175 Posted 12 Nov. as Analysis on USD/CHF, Target: 1.0225, Date: 2nd of January, 12:00 GMT  in #Technical analysis #Resistance #Breakout #USD/CHF #Usdchf #Support Line #Falling Trendline #Rising Trendline
Technical Tools
Resistance and support lines, Trendlines, Price action, Candlestick Pattern, MACD, RSI, rectangle.
USDCHF Weekly Chart
  • The MACD on the weekly chart is in the positive zone.
  • The RSI is rising.
The pullback is due in the pair but the pair has broken out of the falling weekly trendline. I am sure that the pullback will be supported by the rising trendline and will push the price to the highs near 1.0300 levels.
USDCHF Daily Chart
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3 Comments
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killer195175 9 Dec.

UPDATE-1
The pair has ended the week at .99247. The MACD is in positive territory and looking good. The RSI is not in good shape and headed South. The pair has tested the falling trendline and it acted as support. The break of previous high will take the pair close to our target at 1.0225.

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killer195175 15 Dec.

UPDATE-2
The pair is struggling to rise any further. Although the bias is bullish I think it will take a little more time to reach the target of 1.0225. A cup and handle formation is taking place.

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killer195175 24 Dec.

UPDATE-3
We expected the pair to rise to new highs but the good data from United States even failed to take the pair to new highs. it is now consolidating and is range bound. Our target price of 1.0225 seems to far to reach.

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GBPUSD OCT 4 2016

killer195175 Updated 4 Oct.  in #Breakout #Gbpusd #Traders Contest #Pullback #Downtrend #Support/resistance
GBPUSD has finally broken after consolidation. The next level can be seen as the target of the rectangle pattern which is the height of the rectangle. The falling trend line however will oppose any up move in the price. I am already short in the pair from 1.28440 levels with stop at 1.30000 and take profit at 1.27000
The idea is to sell near the trend line and keep a stop loss on the upper side of the trend line.
Please leave your valuable comments in connection with this trade setup.
Happy Trad…
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USDJPY

killer195175 Updated 2 Oct.  in #Trader's blog #Forecast #Support #Resistance #Breakout #Triangle Pattern
CHART : USDJPY
TIME FRAME : DAILY, WEEKLY
TOOLS USED : TRENDLINES, JFOREX PLATFORM
After doing a careful multi time frame analysis of the pair I came to a conclusion that the pair has bounced off from the Weekly support region as shown in chart by a rectangle. If the pair is able to close a week above 104.32 then we can safely say that an uptrend has resumed.
On the other hand on the daily chart we can see a triangle and the price is bouncing from the base of triangle again and again. I expect t…
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killer195175 6 Oct.

High of 104.01 till now. Let us see if the pair is able to close the week above 104.32 or not.

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