USDCHF: Massive downtrend failure screams long

24 oct. 2015

The previous analysis on this pair failed and led to a massive paradigm shift in the markets, which struck me with clarity.
I'll look for long positions in this pair on any chance that I get. The quarterly chart has an uptrend signal that will confirm by year end's close, as long as it's above 0.9324.
There's resistance above, let's see how price reacts to it.
I'll update with my entry once I'm in with sufficient reasons.

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Cheers,

Ivan Labrie
Time at Mode FX
Analyst at Concord Bay dot com

25 oct. 2015

Note

The last time so many time at mode signals aligned, I shorted EURGPB right before the meltdown that drove all eur pairs down for a very long time...Before the ECB started their QE program, and the SNB caused the famous meltdown that sent many brokers and traders home, with their pockets empty.

27 oct. 2015

Note

1 more day left in the local daily swing.

29 oct. 2015

Note

Resistance is holding, let's see how it goes. We didn't get a chance to go long safely yet.

2 nov. 2015

Note

We hit resistance on chart, local daily uptrend time ran out:



Monitoring closely this week.