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USD/CHF update

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Previously
on 27 Dec
Long Term: The pair USDCHF is in downtrend on all major timeframes. In the long term we can see a huge descending trend since july 2001.
Medium Term: After a medium term top at 0,98 level, we have a downtrend since we broke down the 0,95 level. Now possibly ending the trend with a double bottom formation. If we dont break down 0,88 level may mean that the long term support zone 0.89 - 0.88 continues holding the price, at least for
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USD/CHF up move continuation

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on 27 Dec
Long Term: The pair USDCHF is in downtrend on all major timeframes. In the long term we can see a huge descending trend since july 2001.
Medium Term: After a medium term top at 0,98 level, we have a downtrend since we broke down the 0,95 level. Now possibly ending the trend with a double bottom formation. If we dont break down 0,88 level may mean that the long term support zone 0.89 - 0.88 continues holding the price, at least for a medium-te
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floge 13 Gen

trade: http://www.dukascopy.com/tradercontest/?action=blog&trader=floge&orderid=226217591&tab=feed#blog-item-226217591

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USD/CHF maybe ending medium-term downtrend

- Long Term: The pair USDCHF is in downtrend on all major timeframes. In the long term we can see a huge descending trend since july 2001. - Medium Term: After a medium term top at 0,98 level, we have a downtrend since we broke down the 0,95 level. Now possibly ending the trend with a double bottom formation. If we dont break down 0,88 level may mean that the long term support zone 0.89 - 0.88 continues holding the price, at least for a medium-term sideways movement. At the moment I'm alr…
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floge 27 Dic

http://www.dukascopy.com/tradercontest/?action=blog&trader=floge&orderid=224664120&tab=feed#blog-item-224664120

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floge 27 Dic

closed with +81pips

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USD/CHF prepared to bounce

- Long Term: The pair USDCHF is in downtrend on all major timeframes. In the long term we can see a huge descending trend since july 2001. - Medium Term: After a medium term top at 0,98 level, we have a downtrend since we broke down the 0,95 level. - Short term: Also in a downtrend, now possibly creating base area once reacted to 11 December low. If we dont break down this level may mean that the long term support zone 0.89 - 0.88 continues to hold the price, at least for awhile. At the moment…
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floge 18 Dic

is breaking up 0,89 level weeeeeeeee :-D

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floge 19 Dic

now i may put stop = entry price: http://www.dukascopy.com/tradercontest/?action=blog&trader=floge&orderid=223450376&tab=feed#blog-item-223450376

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floge 27 Dic

stoped out at BE. Reentered at a better price after potential daily double bottom: http://www.dukascopy.com/tradercontest/?action=post-read&post_id=10184#comments-block

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Today's Potential Setup

- Long Term
The pair USDCHF is in downtrend on all major timeframes. In the long term we can see a huge descending trend since july 2001.

- Medium Term

After a medium term top at 0,98 level, we have a downtrend since we broke down the 0,95 level.

- Short term
Also in a downtrend, now testing the current minimum of the long and the medium term downtrends at 0,89 level. If we dont break down this level we may have a medium term double bottom.
- so,
at the moment I'm monitoring the pair, trying t…
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floge 10 Dic

until now there's no ending signs of the short term downtrend

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floge 11 Dic

this setup did not materialize. I'll post again when I see signs

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floge 13 Dic

already seen potential signs of reversal. soon as possible will make new post

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floge 18 Dic

http://www.dukascopy.com/tradercontest/?action=post-read&post_id=9887

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Today's Trade

Long Term - The pair USDCHF is in downtrend on all major timerames. In the long term we can see a huge decending trend since july 2001. Medium Term - After a medium term top at 0,98 level, we have a downtrend trend since we broke down the 0,95 level. Short term - We are in a descending channel. If this downtrend continues we will test the current minimum of the long and the medium term downtrends at 0,8923. So, atm think i must short it if we break down the level 0,9020. lets see if i catch it a…
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ibrahim1968 avatar

thats seems good but first we will see a correction above support one about 30 pips befor going short a gaine

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floge 4 Dic

thanks for youre opinion :-) link to the chart - http://www.dukascopy.com/imageserver/img/73407972be3ff7064a3995082f141611/750_2/image.jpg

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floge 6 Dic

link to follow this trade: http://www.dukascopy.com/tradercontest/?action=blog&trader=floge&orderid=222319655&tab=feed#blog-item-222319655

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floge 6 Dic

closed overnight +53 pips: http://www.dukascopy.com/tradercontest/?action=blog&trader=floge&orderid=222319655&tab=feed#blog-item-222319655

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