EURCHF BULLS BUY OPPORTUNITY EURCHF has been down-trend for some time.
The currency recently exited a distribution phase and reached a new high.
This is a opportunity for euro bulls to long the currency pair.
Chf
GBPCHF Potential UpsidesHey Traders, our focus lies on GBPCHF as we closely observe it for a potential buying opportunity within the 1.13800 zone. GBPCHF is currently experiencing a downtrend but is showing signs of attempting to break out of this trend. If we witness upward movements surpassing the resistance level at 1.13800, we will be actively seeking a retracement of the trend, potentially leading to further highs.
Trade safe, Joe.
GBPCHF - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
Here is a detailed update top-down analysis for GBPCHF .
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
AUDCHF: Sell as it approaches the 1D MA200.AUDCHF is trading inside a Channel Down pattern for over 1 year but the 1D time frame is technicalls bullish (RSI = 68.224, MACD = 0.004, ADX = 39.835). The reason is that since May 1st, the Channel Down is having its bullish leg for the new LH (Lower High). The previous two LH were formed on the 1D MA200.
As the RSI is about to cross into the overbought territory (over 70.000) and the price is approaching the 1D MA200 for the first time since January 27th, start selling. The minimum decline from a LH has been -7.50%, giving us a target of TP = 0.575500.
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GBPCHF - A Break Finally?Analysis:
Price was in this beautiful downwards trend until recently where we saw a break of that trend. Price managed to break with a strong daily candle signalling to us that there could be a possible change in the trend direction. Price has now pulled back to a key level which has held multiple times as support and as resistance so we expect that it will hold again. We have other confluences as well which line up with our idea. At the area of support we also have the 50% and the 61.8% fib retracement levels which we expect buyers will be sat at willing and wanting to push price higher which works in our favour. At this level we also have the retest of the previous downwards trendline which could hold as support, so this again goes in our favour. Taking a look at the fundamentals the GBP is the 3rd strongest major currency pair currently and with the GBP gaining more and more strength each week we can't see this changing for a while. The CHF is pretty neutral being the 4 weakest major currency pair but again with the current market conditions and the strength of the GBP this is a trade that we will be looking to enter long.
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all.
Stay Safe - JPI
Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
EURCHF: Classic Wyckoff Pattern 🇪🇺🇨🇭
Traders, I see a classic Wyckoff accumulation pattern on a daily time frame on EURCHF.
After a strong bearish wave, the market started to trade within a horizontal trading range.
Even though, the price set a new low, consolidating, the market managed to return to the upper boundary of the range.
Yesterday, a high momentum bullish candle was formed.
The market successfully broke and closed above the range's resistance.
It makes me think that the described consolidation was the accumulation stage and a bullish movement is coming.
Goals: 0.9813 / 0.9848
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🔥 NEW: GBPCHF 🔥 DAY TRADE 🔥-SL @ 1.1395 🚫
SLO @ 1.1380 ⏳
SSO @ 1.1366 ⏳
TP1 @ 1.1340 (shaving 25%)
TP2 @ 1.1315 (shaving 25%)
TP3 @ 1.1300 (shaving 25%)
TP4 @ 1.1275 (closing ALL Sell Orders)
SUPPORT @ 1.1266
IBR @ 1.1250
USDCHF to stall at previous resistance?USDCHF - 24h expiry
Short term bias has turned negative.
Broken out of the channel formation to the downside.
Previous resistance located at 0.9060.
We look for a temporary move higher.
Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 0.9060, resulting in improved risk/reward.
We look to Sell at 0.9059 (stop at 0.9084)
Our profit targets will be 0.8999 and 0.8989
Resistance: 0.9045 / 0.9060 / 0.9075
Support: 0.9030 / 0.9015 / 0.9000
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.
CADJPY Potential UpsidesHey Traders, In today's trading session, our attention is directed towards CADJPY, as we closely monitor a potential buying opportunity around the 103.900 zone. CADJPY is currently displaying an upward trend and is approaching a critical support level at 103.900, which holds significant importance.
Furthermore, we are factoring in the latest development of an unexpected and hawkish rate hike by the Bank of Canada. This unforeseen decision has led to a surge in strength for the Canadian dollar, further adding to the potential attractiveness of considering long positions in CADJPY.
Trade safe, Joe.
CADCHF Potential UpsidesHey Traders, in today's trading session, we have our eyes on CADCHF for a potential buying opportunity near the 0.67400 zone. CADCHF is currently in an upward trend but undergoing a correction phase, approaching the significant 0.67400 support and resistance area. Additionally, we are considering long positions in Canadian dollars due to the recent Bank of Canada monetary policy and an unexpected rate hike.
Trade safe, Joe.
EURCHF potential bullsih expansionPrice fell rapidly leaving behind a huge imbalance where it preceded to tap into an established demand zone. It then broke structure to the upside on a lt. Thisower timeframe, which could be the start of the move up to fill in the imbalance above. Price also formed liquidity at the to of the main structure which it could potentially target. This has now presented an opportunity to join in on the ride to the upside.
USDCHF Downside PotentialHey Traders! 👋
For Day 26/100 of our challenge, we will look at USDCHF for downside potential this week/month
Technicals:
- Overall downtrend
- 62% fib Retracement
- 0.91 key level rejection
- Target 0.885 for June
Recently breaking short term upside momentum with a daily bearish engulfing.
That's all for Day 26. Have a great Sunday and hope you start your market prep for the coming trading week!
GBPCHF Potential UpsidesHello Traders!
In tomorrow's trading session, our focus will be on GBPCHF, as we keep a close eye on a potential buying opportunity within the 1.13200 zone. GBPCHF had been entrenched in a downtrend, but it recently succeeded in breaking out from it. Currently, it is in a correction phase, gradually approaching the retrace area located at the 1.13200 support and resistance zone.
Wishing you all safe and successful trades!
Trade safe, Joe.
USDCHF: Bearish Outlook Explained 🇺🇸🇨🇭
USDCHF is trading in a bearish trend since October 2022.
Reaching 0.88 level, the market set a new lower low and started a correctional movement.
The price started to steadily grow within a bearish flag pattern.
At the end of May, a solid horizontal supply area was reached. The market started to consolidate on that.
A bearish movement initiated then. The market broke and closed below a support line of a flag.
I believe that it is the sign of strength of the sellers and a bearish wave will initiate soon.
For entries, consider an occasional retest of a broken support of the flag.
Goals: 0.896 / 0.89
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CAD/CHF strong upside to come to 0.7303 - But we need to waitInv Head and Shoulders seems to be forming on the CAD/CHF Minor Currency Pair.
There is a fight between Canada and Swiss Franc and it looks like Canada is preparing the troops for upside in the chart.
We need to wait for the higher low to form (right shoulder).
Then for the price to break above the neckline and it will be breaking above the medium term downtrend.
7>21
Price<200
RSI>50
Target 0.7303
INTERESTING FACT!
Did you know how the CAD Canadian Dollar got it's nickname - Loonie from/
No not that! lol But I know you're thinking it.
The name "loonie" originates from the bird depicted on the one-dollar coin.
The common loon, a bird that is widespread in Canada, was selected as the emblem for the coin, leading to the currency's popular nickname.
The loonie was introduced in 1987 (my brith year) as a cost-saving measure to replace the one-dollar banknote.
EURCHF to stem dip at swing lows?EURCHF - 24h expiry
We are trading at oversold extremes.
0.9680 continues to hold back the bears.
Bespoke support is located at 0.9680.
0.9677 has been pivotal.
Support is located at 0.9680 and should stem dips to this area.
We look to Buy at 0.9681 (stop at 0.9661)
Our profit targets will be 0.9731 and 0.9741
Resistance: 0.9700 / 0.9710 / 0.9725
Support: 0.9690 / 0.9680 / 0.9672
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.
✨ NEW: AUDCHF ✨ SWING TRADE ✨SLO2 @ 0.7120 ⏳
SLO1 @ 0.6966 ⏳
TP4 @ 0.6885 (closing ALL Buy Orders)
TP3 @ 0.6600 (shaving 25%)
TP2 @ 0.6420 (shaving 25%)
TP1 @ 0.6155 (shaving 25%)
BSO @ 0.6085 ⏳
BLO @ 0.5990 ⏳
GBPCHF Potential UpsidesHey Traders, in today's trading session we are monitoring GBPCHF for a buying opportunity around 1.12000 zone, GBPCHF is trading in an uptrend and currently is in a correction phase in which it is approaching the major trend at 1.12 support and resistance zone.
Trade safe, Joe.
Will USDCHFs bearish momentum continue?USDCHF - 24h expiry
Broken out of the channel formation to the downside.
A break of the recent low at 0.9035 should result in a further move lower.
The bearish engulfing candle on the 4-hour chart is negative for sentiment.
We look for losses to be extended today.
The primary trend remains bearish.
We look to Sell a break of 0.9028 (stop at 0.9057)
Our profit targets will be 0.8972 and 0.8962
Resistance: 0.9100 / 0.9120 / 0.9140
Support: 0.9086 / 0.9063 / 0.9050
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.
CHFJPY Last rise before a strong correction.The CHFJPY pair had a strong 5 week rally since our last buy call (see chart below) on April 28:
Our final bullish target remains 159.000, which will make a perfect contact with the Higher Highs trend-line since January. But given the fact that the 1W MA50 (red trend-line) has been tested twice this year, we expect a stronger rejection this time and decline all the way to Support 1 (149.100), where it can make contact with the 1W MA50.
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NZDCHF potential bullish expansionAfter price broke higher timeframe structure to the upside, it retraced back down and retested the demand zone it left behind in the process. Price preceded to break structure on the 4h timeframe, giving us a change of character to the upside which could be an indication of the initial move of the expansion upwards. Price has now formed liquidity above a demand zone that it could use to fuel its move up, which provides an nice confluence to the analysis
CHFJPY - New Highs Being Formed!!!Analysis:
As we can see from price action we're in a clear upwards trend, price is forming higher highs and higher lows which confirms the trend direction. We've seen price break above a previous high and now we're retesting that area for support and we expect that it will hold. At this level we've got the 38.2% fib retracement level which we'd expect buyers to be sat at wanting to push price higher. Also at this level we've got an upwards trendline which has been respected recently, showing that it could be respected again. This pair is forming new highs which just shows the strength and bullish pressure we're seeing. Fundamentally the CHF ranks 5th out of all of the major currency pairs where as the JPY ranks 8th being the weakest major currency pair so this goes in our favour which is why we are bullish.
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all.
Stay Safe - JPI
Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
GBPCHF: Bullish Move From Key Level 🇬🇧🇨🇭
GBPCHF is trading within a wide horizontal daily zone of demand.
Take a look how the price reacted that that area on 1H time frame:
first, the price broke and closed above a resistance line of a bullish flag pattern,
a double bottom pattern was formed and its neckline was broken then.
Chances are high, that we will see a pullback from the underlined structure.
Goals will be 1.1295 / 1.132
❤️Please, support my work with like, thank you!❤️
