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Tuesday, April 14, 2020

[FOREX TIP] USD/CHF Daily Price Forecast – 15th April 2020

This is our USD/CHF Daily Price Forecast for 15th April 2020.

This trade idea was generated by our powerful Elite Swing Trader System on an H4 time frame.

USD/CHF Daily Price Forecast – 15th April 2020

USD/CHF Daily Price Forecast – 15th April 2020

Trade Summary below…

  • Buy Stop: 0.96239
  • Stop Loss: 0.95899
  • Take Profit: 0.96716

We wish you good luck and good profit for this trade idea. For more trade ideas, join the Price Action Society

http://www.priceactionsociety.com

If you like our analysis and would like to receive 3 to 7 trade ideas per day, then
Click here to learn more about the Price Action Society.

The post USD/CHF Daily Price Forecast – 15th April 2020 appeared first on Advanced Forex Strategies.



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[FOREX TIP] CHF/JPY Daily Price Forecast – 14th April 2020

This is our CHF/JPY Daily Price Forecast for 14th April 2020.

CHFJPY produced a bearish engulfing candle yesterday. The price has been having a bullish correction. The last bullish candle closed within a significant level, which may work as a level of resistance. If the level produces a bearish reversal candle, the sellers may get an opportunity to go short in the pair below yesterday’s lowest low.

This trade idea was generated by our powerful Elite Swing Trader System on an H4 time frame.

CHF/JPY Daily Price Forecast – 14th April 2020

CHF/JPY Daily Price Forecast – 14th April 2020

The chart shows that the price made a strong bearish move and had a bounce at the level of 111.120. The level produced a bullish inside bar and headed towards the North. The last candle closed within the level of 111.570. If the level produces a bearish reversal candle and drives the price towards the South, the sellers may go short below the level of 111.120. Trade Summary below…

  • Sell Stop: 111.201
  • Stop Loss: Above 111.727
  • Take Profit: 110.651

The price may make a bullish reversal and even change the trend at the take profit level. The daily chart shows that the price reacted heavily at the take profit level earlier. Thus, traders may consider closing the whole trade once it reaches take profit level. If the price makes a breakout at that level, it may head towards the South further with more bullish momentum. However, it may make a long bullish correction before making a bearish breakout at the daily support. The JPY has been bearish against its counterpart in almost all the currencies. Thus, the bear may dominate and drive the JPY’s price towards the downside in the coming days.

We wish you good luck and good profit for this trade idea. For more trade ideas, join the Price Action Society

http://www.priceactionsociety.com

If you like our analysis and would like to receive 3 to 7 trade ideas per day, then
Click here to learn more about the Price Action Society.

The post CHF/JPY Daily Price Forecast – 14th April 2020 appeared first on Advanced Forex Strategies.



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