USDCHFThe price is hitting the 5th time the resistance trendline.
Look for a breakout if happens, if not enter a short position.
Consider the wicks as bull traps, and always when you draw a trend line
take it from the candle bodies to be safe.
Franc
Short EURCHFEURCHF is hitting a strong resistance while also forming a rising wedge. The 61 on the fib was rejected and past times there has been a solid retest on this pair so we will wait for another retest before entry.
Risk-off mood pounds the aussieThe Swiss franc makes gains over a risk-off mood in the world markets due to worries surrounding the protracted Sino-US trade war and bad Chinese data. The Aussie itself is being pushed down by expectations of a rate cut next year. As the pair price goes lower, 0.6685 and 0.6660 can be tested.
USDCHF | 11 NOVBuy on the breakout. Broken bearish trendline, we think USDCHF is looking bullish
1:5 R:R enjoy
ORBEX: GBPCHF & EURJPY Follow Identical Pattern (hint: bullish)!In today’s #marketinsights video recording, I talk about #fxminors #EURJPY and #GBPCHF as they both seem to be moving within an identical pattern.
Despite the added uncertainty amid the latest delay drama of phase-1 of a potential trade deal between US and China, safe-havens #yen and #franc seemed unaffected by at least this type of flows.
That suggests that participants are now shifting to more exciting events, expected to trade trade war flows when a more significant and certain development comes on the surface.
Until then, #euro and #pound inflows could push the aforementioned pairs higher, with the latter hanging on today's #BoE meeting.
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
ORBEX: Risk Aversion & Poor Data Move USDCHF & USDCADIn today’s #marketinsights video recording, I talk about trade war uncertainty and Trump's impeachment and how has safe-haven Franc reacted to the latest headlines!
I also talk about Canada's poor GDP figures, a bit more certain given the numerical value, and analyse USDCAD's rise.
With Fed flows still weighing on markets, #NFP hours ahead and #ISM closing the session it's going to be a very interesting weekly conclusion.
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
USDCHF Likely To Test 0.97500 Level After Trendline Violation!Hello Viewers, this is an instant trade signal! Therefore, please have a look at the main chart for the following vital trade details:
• ENTRY POINT
• STOP LOSS
• TAKE PROFIT
• RISK TO REWARD
The setup may look simple but I can assure you it is NOT. There are various in depth technical and fundamental analysis incorporated behind the execution. I would very much love to explain these two aspects here but doing that would consume ample amount of time which could affect the appropriate entry point behind this trade! So, to keep it simple the main chart just displays the simplified technical view of this trade.
My way of performing technical analysis basically starts by breaking down the monthly Timeframe down until the One Hour charts. The following are the aspects I focus most on when performing technical analysis:
• Draw Support & Resistance through key common psychological levels on M & W Charts. This helps me to see where the price might stall or breakout.
• Draw Trendlines to determine the dynamic support and resistance levels present on the charts. This helps me to determine where the price might stall and most importantly help determine the path of least resistance behind the active trade.
• I also tend to use EMA 50 on all the Timeframes. This EMA 50 is proficiently proven to act as dynamic support and resistance and is vital behind all my analysis.
• Lastly, I tend to use classic pivot levels to determine my entry, stop loss and take profit levels. The combination of this and all of the above helps me determine the precise and likely trade targets behind the setup.
Another aspect of my way of analysis is reading a lot of news to determine the fundamental aspects affecting any trade. After the technical analysis is performed, I tend to match if the fundamental aspect really supports my technical analysis.
Therefore, as you could see, putting all my thoughts here would surely take up a lot of time which could make the price drift away from the entry price thus affecting the Risk to reward ratio. I understand it is vital for many of you to know the details behind this trade setup, and so if you are interested you could send me message and I will try to share most of what I can!
The Above words are just template I use in all my trades. Shall there be any updates I will provide them here. Thank you
USD/CHF Price Action Analysis | Upwards Rather Than DownwardsDollar is back at consolidating in the Trading Range against Swiss Franc. It reached to its first level and there are two more levels remaining but it can still visit the EQ below. Even so, it has more potential for upwards rather than downwards.
Entry: 0.986
SL: 0.975
TP-1: 1.001
TP-2: 1.011
TP-3: 1.021
R/R: 3.18
Please let me know if you have any suggestions or any ideas to add. I can also give you more detailed explanation for this specific trade setup.
The ideas published here are not financial advices.
USDCHF profit realization The 0.9950 level appears to be as strong resistance in USDCHF that has reached the upper band along with the rise in the dollar index. In the current price movement, a sell pressure may occur due to short-term profit realization. 0.9900 will be followed in a downward movement for support. We will continue to monitor the 0.9950 and 0.9985 levels as resistance in case of potential upward movements.
Short GBPCHFPound Franc formed a rising channel and now how broken out of it. Retesting right now on the trendline.
USDCHF DOUBLE ZIGZAG PATTERNAs per previous post i am expected reversal from 0.9970 resistance zone , But price action not supporting for reversal. I changed my wave count to alternate count, Current pattern looks like Double Zigzag pattern forming and target for this pattern is 1.0048.
ENTER LONG @ 0.9918 -- TP @ 1.0048 -- SL @ 0.9850
USDCHF | Short OpportunityHi,
A possible reversal area (blue box) consists of:
1. Daily EMA200
2. Fibonacci Extension
3. AB=CD
4. 2014 High
5. 2009 Low
6. Different trendlines
7. Channel projection
8*. Wait for a bearish candlestick pattern inside the box or after the touch.
Please, take a second and support my effort by hitting the "LIKE" button, it is my only FEE from You!
Do your own research and if this matching with mine then you are ready to go!
Good luck,
Vaido
Decent SHORT opportunity up for grabs!This time the GBP/CHF pair seems to be giving us a decent short opportunity.
As we can see the pair is trading within a trading range, and, with the BREXIT uncertainty being high is rather likely to linger in the area for a little longer.
We might first test the resistance, then come crashing down!
First time posting here, Tell me what you guys think!
USDCHF -- SHORT @ 1.00127Hello Traders,
We can clearly see Hidden Bearish Divergence forming on this pair and also wave count also suggest more downside is possible on short term. I am looking for final leg of medium term corrective structure downside.
SIDE : SHORT
Entry @ 1.00127 -- TP @ 0.9711 -- SL @ 1.01270
USDCHF | Swiss Franc short after correctionDowntrend. Looking for correction to monthly/weekly pivots then short to next weeks M1 Pivot.
USDCHF H4as we expected Swissy dropped and also made a supply zone in its way down that will be our target as we will long from the demand zone below
again its all depends to Dollar index, USDCHF is DXY number II, but if dollar cooperate the scenario it on.
have a great day if you have any question or comment please write i'll check it.
USDCHF, BUY idea above H&HFranc shows to us Head & Shoulders figure.
We can open BUY because the price crossed basis line.
Potential profit will be in 3...5 times bigger than risk.
There is a trading opportunity to buy in NZDCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.6593). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. NZDCHF is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 58.
Take Profits:
TP1= @ 0.6638
TP2= @ 0.6715
TP3= @ 0.6810
SL= @ 0.6505
