CJBlueNorther

CJBlueNorther Updated 

CHF strength could return soon, now that price has reach an important area of resistance on the weekly chart.

CJBlueNorther

Price tested this current zone 3 times this week and couldn't push further. With XXXCHF pairs all being currently well overbought on higher timeframes, there is a possibility that this could be a point in which price retraces back down to the previous major resistance zone, which has now turned support. 0.55 would be a good place for price to retrace back to.

CJBlueNorther Updated 

1.087 would be my target level. 1.11 stop out level

CJBlueNorther Updated 

Monthly chart for this pair is still bearish, as we are also reaching a major resistance level, which also lines up with the 200 moving average on the weekly chart. Target would be for price to fall back down around .88550 to .88000.

CJBlueNorther Updated 

Price has reached a major support level, so I'm going long from here. Target is 0.8618

CJBlueNorther Updated 

Daily RSI is heavily oversold, and a divergence has emerged. Looking to go long from this current support area.

CJBlueNorther

Gold is well overbought on the weekly timeframe and is overdue for a correction in price. The metal's price displayed 4 separate attempts this past week to push above the previous week's high and failed each time. This is reason to believe that the top is in, for now at least. 2150 area would be a good place for price to retrace, then the biased outlook would be...

CJBlueNorther

Now that a retest has occurred, I feel it's time for the CHF strength to return.

CJBlueNorther Updated 

Price has been testing this current price area for months now, since it first reached it back in the spring. With it being the all-time low zone, I'm looking for a buy setup here as a possible triple bottom formation seems to be forming. Around 0.68 would be my target level.

CJBlueNorther Updated 

After falling to all-time lows during this time last year, the Euro was able to rebound hard to close out the year. Perhaps a similar scenario will play out once more this time around. 0.98 is my target price.

CJBlueNorther Updated 

On the weekly chart, it appears that a symmetrical triangle wedge is forming. Eventually, a breakout will occur once price has funneled towards the corner of the wedge, which will most likely start a new, strong trend in either direction. Until then, I will keep watching for setups that can occur within the wedge and currently, I feel we might see a bullish...

CJBlueNorther Updated 

The Kiwi Dollar has been very weak against the Swiss Franc for pretty much the entirety of 2023, with the last noteworthy bull run occurring last autumn. After this year's prolonged and massive bear run, the pair has finally reached its all-time lowest price. The current area around 0.52 seems to have potential as a good support price. I feel a short-term bullish...

CJBlueNorther Updated 

The Aussie dollar was able to rally hard all through the month of September, but I feel this was merely a retracement. The Swiss Franc has been by far the strongest performing major currency this year, so my bias is still bullish in its favor. Price closed below .59 back on Friday, after rallying all day, which leads me to believe the bulls on this pair decided...

CJBlueNorther Updated 

Though silver is currently in a downtrend, price has failed to breach 20.6 for three consecutive days in a row, forming a potential triple bottom pattern. DXY is well overbought on the daily timeframe, and currently has reached a ceiling in a key resistance zone. Factor that in with tomorrow's high impact news, I feel we can see at least a short to medium term...

CJBlueNorther Updated 

This pair is way oversold. End of the month is approaching, and a support zone is within reach, I feel a retest in the market is near. TP1 is 1.66, TP2 1.68, SL is 1.599

CJBlueNorther Updated 

It appears that price may reject off the daily 200 MA, bouncing back upwards in a bullish trend favoring the GBP, at least for the short-term. 1.273 area would be my target.

CJBlueNorther Updated 

Although this pair has been heavily bearish as of late, I'm expecting a pullback to around 0.66 area. Too early to determine where price will go once that point is reached, wait and observe.

CJBlueNorther Updated 

Price is accumulating, doesn't seem to want to breach 0.85 area, perhaps this is where the Euro will take control.