FX.co ★ Qalander | USD/CHF

USD/CHF H4 time frame Good morning everyone, on the chart being studied, the selected asset currently shows a clear bullish sentiment, which can be easily determined using the Heiken Ashi candlestick indicator, which demonstrates a more smoothed and averaged value of price quotes, in contrast to traditional Japanese candlesticks. The use of Heiken Ashi significantly facilitates the process of technical analysis, and, at the same time, significantly improves the correct choice of trading decisions. The linear channel indicator TMA (Triangular Moving Average), illustrating the current support and resistance lines based on the moving averages Moving Average, also helps well in trading, showing the corresponding boundaries of the movement of the currency pair. To final filter the signals and make a decision on the transaction, the RSI oscillator is used, showing the overbought and oversold zones of the asset. On the provided chart of the instrument being studied, during this period one can observe a situation where the Heikin Ashi candles are colored blue, and therefore the northern direction of the price movement is visible. Market quotes went beyond the lower limit of the linear channel (red dotted line), but, having reached the minimum point, bounced off it and headed back to the middle line of the channel (yellow dotted line). And the signal-filtering basement indicator RSI (14) also confirms the buy signal, since it does not contradict the choice of a long position - its curve is currently directed upward and is located far from the overbought level. In connection with the above, only purchases can be considered relevant, so we open a long trade, waiting for the instrument to move to the upper border of the channel (blue dotted line), located at the price level of 0.91474.

USD/CHF H1 time frame At the time of writing this post, the USD/CHF currency pair, on the H1 chart, is showing a northern correction and is at position 0.90608. The indicator from the Instaforex company, which is located on this forum, in the first part, shows a slight advantage of buyers, in the range of 56.04%. In the second part, the indicator shows a northern trend. What will we see today about this pair? No important and interesting news is expected from Switzerland, but from the USA: an index of leading economic indicators. The news is crazy, so we focus on technical analysis rather than fundamental. So, what and how? I expect that the pair will initially make a northern correction to the level of 0.9095, and then a reversal to the south at 0.8940. Happy hunting everyone.