Financial Markets Technical Analysis

stella ross

Newbie
1 0
USD/CHF bulls eyeing a move back above 0.9900 handle

Regains traction on the back of renewed USD buying interest/positive US bond yields.
Fading safe-haven demand weighing on CHF and remain supportive of the up-move.
-by FX Street
 

gka

Established member
589 3
USDCHF technical analysis from VRM

I attach the Volatility Response Model (VRM) chart described in the first post of the thread

"Predicting future FX support and resistance levels using mathematics"

Middle of short term trend channel 0.9782 is about to hit top of long term trend channel 0.9849. If the daily close falls below the short term trend channel middle then the USDCHF will fall.

USDCHF chart is updated daily on the following link

https://www.complexhamiltoniansystems.com/fxcharts/
 

Attachments

fxstrategist

Established member
582 15
The USDCHF breaks below the 55 week EMA around the 0.9946 level, but it could find a good support around the 0.9893 level. In case of a bullish pullback, the 200 day EMA at the 1.0000 level could act as resistance.
 

hatemypips

Well-known member
399 25
The USDCHF breaks below the 55 week EMA around the 0.9946 level, but it could find a good support around the 0.9893 level. In case of a bullish pullback, the 200 day EMA at the 1.0000 level could act as resistance.
Hey moving averages are the only tool you use? Btw what's your broker for trading?
 

Akinozragore

Junior member
28 2
Hey moving averages are the only tool you use? Btw what's your broker for trading?
The broker does not matter when it comes to technical analysis. Technical analysis is the study of historical price action in order to identify patterns and determine probabilities of future movements in the market through the use of technical studies, indicators, and other analysis tools.
Technical analysis boils down to two things:
1. identifying trend
2. identifying support/resistance through the use of price charts and/or timeframes
echnical analysis is based on the theory that the markets are chaotic (no one knows for sure what will happen next), but at the same time, price action is not completely random. In other words, mathematical Chaos Theory proves that within a state of chaos there are identifiable patterns that tend to repeat.