USD/CHF: the franc dreams about the “wedge”

USD/CHF: the franc dreams about the “wedge”


SELL 0.9855

SL 0.991

TP1 0.9755 TP2 0.9725 TP3 0.9625

On the daily chart of USD/CHF, bulls failed to pull the pair out of the upper boundary of the 0.9855-0.9995 consolidation.  It signals the weakness of bulls. The “Shakeout-Fakeout” pattern was formed.  If it is implemented, bears will take an initiative.


On H1, there are odds of the implementation of the “Broadening wedge” pattern. To implement the pattern, bears need to break the support at 0.9855. As a result, risks of the downward movement to the 161.8% target of the “Crab” pattern will increase.



NZD/USD: bulls stabilize the trend

On the daily chart of NZD/USD, bears managed to take control over the situation and pull the pair towards the lower border of the upward channel due to the "Three Indians" pattern.

USD/CNH: a trade idea

Concerns about the US-China trade tensions returned. Does the technical analysis offer a way to make money on this development?

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