In this idea, the trend of the SXY index in next months is shown. I made this Idea based on Harmonic pattern using Fibonacci tools. it is Possible that Sxy Rise to Reach next Golden Level Based on Crab pattern.
It is obvious to everyone that SNB is the biggest criminal in this business that always manipulates the market. In the past, they used to do this secretly, but now they are so shameless that they don't even care that everyone knows about it. Hopefully, we are about to start a new cycle where the evil Swiss bank will stop manipulating for a while...
the sxy has hit our point of interest, and we will now be expecting Buys from the ***chf and Sells from the chf***
This is an Swiss Frank Currency CFD Index Bearish Short Sell Idea, I expect it to go more down because of verity of reasons including RSI Overbought Green Divergence.
Range bound from 113.00 to 114.00 till end of Sept? Triangle breakout from 1st week of Oct? Consensus: Gann, Regression Channels, Triangles, Hull, Hull MACD, Keltner Channels, Fib Circles, Support and Resistance, Andrews Pitchforks? Fundamentals and Stock Index correlations?
Looks like a prominent area for USDCHF. The Swiss Franc Index has been rising to the highest level since it unpegs from EUR. In my opinion in the last post, I don't think the strength in Swiss Franc is sustainable, and looks more like a topping for me. Opening USDCHF long and watching,
Over Powered in the long run.... So current downmove is definitely temporary for short or middle term duration
Bigger tf confirms the possibilities of a downmove for chf
So possibly still going down for at least few days. Pairing currency would have more strgth to go up
66 % Dec favors bulls 33% Dec favors bears Dec closes on green candle if November is green : 80% probability Avg gain on December: 3.7%
This is my bearish trend idea. However wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
SXY is still keeping its feet in ascending channel Three white soldiers show much stronger ascending momentum as compared to 3 bearish candles - today price at one point found support at .618 level Closure below .618 will see price testing .786 level - that will be last stop b4 break below ascending channel, after that we will head towards completion of ABCD...
hello freinds this chart we shows that this market will know a downtrend on next days when i recommend Selling with a fort probability if you have any questions you can write it in commentaire below and i will answer them and please don't forget to support this ideas with your like and comment thank you cordialy
hello freinds this chart we shows that this market will know a downtrend on next days when i recommend Selling with a fort probability if you have any questions you can write it in commentaire below and i will answer them and please don't forget to support this ideas with your like and comment thank you cordialy
SXY Rejected from Resistant trendline RSI Divergance occures which means bearish market