Day: November 29, 2015

November 29
2015

USD/CHF in Month-Long Ascending Channel

USD/CHF has entered a discernible ascending channel in late October this year. The pattern is most visible on 4-hour timeframe. It continues the major rally in the currency pair persistent since October 15. The channel has multiple border confirmations from the price and presents an opportunity to sell the USD vs. the franc if the lower border gives in. The image shows the channel with its borders as yellow lines. The cyan line is […]

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November 29
2015

USD/RUB Long on Fundamental Analysis

If you follow my blog, you have probably noticed that I had had two unsuccessful attempts (first and second) to short the Russian ruble following my big hit in December of 2014. This time, I am expecting to enter a long USD/RUB trade based on some simple fundamental analysis with pretty standard technical levels chosen for entry, stop-loss, and take-profit. The main reason for buying USD vs. RUB this time is […]

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