Get started

Chf

USDCHF to break to the upside?USDCHF - 24h expiry Bullish divergence can be seen on the daily (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher. Posted a Double Bottom formation. Price action has posted a Doji candle and confirms a possible stall in the recent move. Price action looks to be forming a bottom. A higher correction is expected. The bias is to break to the upside. We look to Buy a break of 0.8905 (stop at 0.8877) Our profit targets will be 0.8975 and 0.8995 Resistance: 0.8903 / 0.8950 / 0.8970 Support: 0.8875 / 0.8854 / 0.8830 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
EUR/CHF ready to roll (over)?EUR/CHF posted a decent rally from its October low, yet we're yet to see a meaningful pullback. But one may be near. A 2-bar bearish reversal has formed at a resistance zone and the 200-day EMA. Tuesday's high is also a lower high in relation to the September high. From here we're looking for some bearish mean reversion towards the monthly pivot. What makes us unsure of whether it's a to revert to the dominant, bearish trend is the depth of the bounce into resistance. But for now, the path of least resistance could be lower over the near-term.
Short
by CityIndex
USD/CHF Short IdeaWe have a corrective movement to the upside that's exactly what I like to see because that tells me that uh it's not really an uptrend it's going to be very short-lived and that's exactly what happened here so after after price took liquidity from these highs right here ,continued trickling up a little bit higher but then very abruptly dumped to the downside right now. Now when that happens it typically leaves behind a gap or what's known as imbalance or a fair value Gap this is the main Confluence that I use to trade so as soon as I see that big displacement here with imbalance and a break of structure to the downside. Right these were the lows previously and it broke through all of these lows down here this one bearish impulsive move broke through multiple structural points okay so pretty clear dire the market showed its intention in my opinion and that prompts me to look for a selling opportunity. So what I do at that point is I wait for the low to be solidified in a selling situation of course I wait for the low to be solidified um and to do that I need to see price retracing back to the up sideas soon as we're we start retracing back to the upside that's when I can draw my FIB tool from swing High to swing low and identify the premium prices that I would like to sell at.
Short
by grnntom
USDCHF - Wait For The Bears 🐻Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. on Weekly: Left Chart USDCHF has been trading within a defined range and is presently showing resistance. Consequently, we will be focusing on identifying sell setups on lower timeframes. on H1: Right Chart For bearish momentum to prevail and trigger our sell setup, a break below the recently highlighted grayed low is necessary. Meanwhile, USDCHF would be bullish and can still trade higher to test the weekly resistance again. In this case we will be looking for new sell setups. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
1
GBPCHF: Looking like a fake out and drop to meI see GBP as continuing to be weak, poor GDP data last week, hikes expected to be over, and expecting to see some CHF strength. BoE interest rates this week, but with the market expecting hiking to be over, I don't think it matters what happens, sterling will fall. We saw a move above my descending trendline, seeing this as possibly a fake out - we've broken back through my support, now resistance line which would suggest a fall back down to recent lows here.
Short
by Finchcliffe
1
NZDCHF: Sell signal just emerged.NZDCHF is trading inside a multi year Channel Down, evident on the 1W technical outlook, which is neutral (RSI = 47.618, MACD = -0.007, ADX = 23.111), despite the pause to the downtrend since August 17th. The 1D MA200 holds as an unbroken Resistance since January 31st. Based on the 1D MACD, the current pattern mimics May - June 2023 and is on the 0.618 Fibonacci test. On June 15th that was a sell signal as the price made a top and got rejected back to the Support. Consequently we are turning short, targeting the S1 level (TP = 0.51850). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
EURCHF - Now OverBought ↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last analysis, attached on the chart, we have been looking for buy setups around the lower bound of the red channel. EURCHF traded higher and it is now approaching the upper bound of the channel again. Moreover, the zone 0.97 is a strong resistance. 🏹 So the highlighted red circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper red trendline acting as a non-horizontal resistance. As per my trading style: As EURCHF is sitting around the upper red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) Knowing that EURCHF can still test the 0.97 resistance before going down. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
6
CHFJPY Low risk trades on the 1D MA50 closing.The CHFJPY pair is trading within a Bullish Megaphone for almost 4 months (since July 12) and is on a rebound on the 1D MA50 (blue trend-line). Technically it priced the Higher High of the Megaphone 2 weeks ago so this should be the bearish leg towards its bottom (Higher Lows trend-line). Especially since the 1D MA100 (green trend-line) broke last month for the first time since March 29th, the trend should start shifting more towards bearish on the long-term. Since however our focus is more on the short/ medium-term, we will continue to take it a step at a time and as long as the price is closing above the 1D MA50, we will be bullish, targeting the top of the Megaphone again at 169.100. If however we get a 1D candle close below the 1D MA50, we will take the loss and sell instead, targeting the 0.786 Fibonacci retracement level (where the previous Higher Low was priced) at 161.900. Note that the 1D MACD is currently on a Bearish Cross, which favors selling. Still, our trading plan a low risk and high return approach. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
USDCHF 5/11/23As you can see from US dollar chef you're probably starting to recognise that there is a clear pattern here we have a freshly established swing with a swing high and a swing low giving us the exact opposite of what we've seen with our usd secondary pairs which is of course a bullish range in this case we have a bearish range breaker structure has occurred at the end of Friday session we have now fully established our range we'll be looking at exactly the same thing for our other pairs just in this case reversed as we are looking for highs to be ramped for continuation to the downside or the higher poi to be tapped into for again continuations to the downside. Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
by PipSurfingSociety
AUDCHF: Fakeout or Breakout?We can see we've just broken out of my channel top after a strong bullish move, but this isn't the first time and we're hitting strong resistance. Swissie has been weak of late, unlike the Aussie, so I believe this can go either way. I'll be looking at longs around 0.589 if resistance is broken, but we may well fall back first. If we fall back below 0.578 then I'll be waiting for the triple bottom around 0.561 before looking to go long. Obviously this could all be a fakeout and we'll be back in the channel, but I do think it's risky shorting down hear unless it's for a quick scalp as it definitely looks like a good double bottom is already in play. Both of these currencies are gold dependent for different reasons (Aussie exporting it, Swissie holding it), and Aussie is doing well because gold is. I'm expecting a c0ontinuation of gold strength as per my recent idea, so probably expecting this pair could keep flying?
Long
by Finchcliffe
GBPCHF November 2nd, 2023Based on the Daily timeframe for GBPCHF, a clear technical analysis reveals a notable development. The previous support trendline has experienced a downside breakout, now functioning as a resistance zone. Currently, the price is approaching this trendline, showcasing a retest scenario. There's a potential for a bounce off this resistance area. This probability is reinforced by the stochastic indicator, specifically with parameters set at 5,3,3. These settings are well-suited for the D1 forex market, where the 5-day (weekly) average aligns with the market's open days (Monday to Friday). The stochastic has crossed above the overbought (>80), indicating a potential reversal. In terms of price targets, a decline is anticipated towards the 1.09-1.08 range. It's advisable to set a stop loss if the price surpasses the current resistance level. This analysis aims to provide a straightforward and easily understandable overview of the GBPCHF pair's current technical situation.
Short
by DNP-FX
4
EURCHF Sell opportunity near the top of the Channel Down.More than a month ago (September 19) we gave a short-term buy signal on the EURCHF pair (see chart below) that quickly hit its target: The price is now ranged within the 1D MA50 (blue trend-line) and the 1D MA100 (green trend-line) near not only the top of the 10-month Channel Down but also the Lower Highs trend-line from September 20 2021. The MACD is on a similar pattern as March 02. We are taking this as a sell signal, targeting Support 1 at 0.941850. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
1
CADCHF: Six month Support Zone holding.CADCHF has held trading over the six month S1 Zone for the eight straight session. Obviously this turned the 4H timeframe (and below) neutral (RSI = 52.551, MACD = 0.000, ADX = 32.796), which makes for a solid bottom formation. On a wider look it appears that the original Channel Down transitioned into a Rectangle of a R1 and S1 Zone. The 1D MACD Bullish Cross will give the buy signal if formed and our target will by the LH trendline of the Channel Down (TP = 0.67850). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope