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Swiss

structure trading with confirmation hey guys, dollar swiss is standing on a significant level of support after a selloff from 1.012 level. finally, breaking multiple support levels, the market reached oversold condition, and we see a formation of a reversal pattern on a lower timeframe. I consider the ascending triangle in a bearish trend to be very important reversal pattern, that lets you catch a nice pullback. just wait and buy bullish violation of resistance line of a triangle with targets based on structure. good luck!
Long
by VasilyTrader
2
USD/CHF LONG Wedge Opportunity As you can see above, i have found a wedge pattern forming on the graph which has successfully broken out and even retested the resistance which has turned into a support. i believe that from my entry the pair is likely to retrace to .99288 and then once again bounce as this seems to be a fairly strong resistance in the past; this would also match the relationship on the MACD as we can see when i placed my entry there was still room to fall until it bounced back again :) thank you for reading.
Long
by h-82929
Swiss franc and Japanese yen play tug-of-warOver the last several weeks, we have been watching the CHF/JPY pair as we continue to bounce around in a symmetrical triangle. This is going to be a very interesting pair to watch as both are considered to be “safety currencies”, and as a result you can watch this pair to decide which currency you should either buy or sell based upon risk appetite in other currency markets. When traders are a bit concerned about global growth or geopolitical issues, they will typically buy the Swiss franc or the Japanese yen. However, if you do something called “triangulation”, meaning looking at least three currencies, you can maximize returns. When looking at the CHF/JPY pair, you are looking to see which safety currency is stronger than the other. Because we are forming a symmetrical triangle, and I would point out on top of support, it suggests that perhaps the Swiss franc will strengthen against the Japanese yen, although we do not have confirmation of that yet. If that does in fact happen, then we know that if we place a “risk off” trade, you will want to short the GBP/CHF, because the Swiss franc is stronger than the Japanese yen. By contrast, if we see a scenario where it is a “risk on” trade, you would be better off buying the GBP/JPY pair, because the Japanese yen is weakening. As for this pair by itself, if we can break above the ¥112 level, we are very likely to go looking towards ¥114 above. By contrast, if we break down below the ¥110.50 level, we will test the ¥110 level, and then possibly the ¥109 level after that. That being said, the pair seems to have less resistance than support in the vicinity, so that should always be paid attention to.
by Forex4you
USDCHF Oscillators Begging You to BuyAlthough we are seeing a long-term rising wedge form, the fruition of a downturn at the end of the wedge is still some months into the future. In all liklihood, we still see a bit of an upward movement given how overcrowded the short trade is according to the bull bear oscillator. A trading week is five days which is why I used 5 day RSI to highlight how poorly this week was for the pair which is now flashing an oversold signal. Momentum oscillator also signals to buy. Overall, this may be short in the longer-term, but I now suspect we still see some upward movement first. If you like my analysis and are hungry for more charts, you can also check out some of my work at www.anthonylaurence.wordpress.com
Long
by WhiskeyTangoFoxtrot3
Future Outlook as USDCHF approaches Crucial resistance!The 1.03000 level holds the key for this pair to reverse or continue trending northwards. As the price will likely approach the crucial 1.03000 level which has been respected on many on occasions, it is favorable for many traders to take advantage of this situation and possibly reap huge profits target with minimum stop loss. However keep in mind the certain channels and trendlines present should all be broken for added confluence. It remains to be seen in the coming weeks how this pair behaves but we will surely see some big moves happening once that crucial resistance is hit.
Short
by FX618Analysis
EURCHF poised to push higher...Here we are remaining with our long bias, a view that has been with us since 2018. => Fundamentally, the SNB increasing in deposits suggests that the SNB have likely been keeping the EURCHF supported whilst volatility was on the move. President Jordan notably mentioned that the SNB is growing more concerned with market vol and the impact it is having on the CHF. => Here we can see the divergence implied from the options market and would suggest that EURCHF has room to correct higher. Those following our ideas already know we see the EURUSD breaking down and this will increase European volatility but we don't see this being enough to put upward pressure on CHF. I would also encourage you to check the USDCHF idea attached for a more detailed technical breakdown on CHF. Thanks and best of luck.
Long
by ridethepig