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Swissfranc

EURCHF Long term downtrend but this Support is holding.EURCHF is trading inside a Channel Down since January and recently priced the latest Lower High. We approach Support (1) which is a level that has held since July 27th. Trading Plan: 1. Buy as long as a (1d) candle doesn't close under Support (1). 2. Sell if it closes under it. Targets: 1. 0.96500 (top of Channel Down). 2. 0.93800 (-3.30% decline from the top, as all the bearish legs of the Channel Down have done so far). Tips: 1. The MACD (1d) is under a Sell Cross. This favors the bearish trend, this is why the stop loss conditions should be so strict (candle closing under Support 1). Please like, follow and comment!! Notes: Past trading plan:
by TradingBrokersView
1
NZDCHF Sell near the 1D MA200The NZDCHF pair has been trading within a Falling Wedge pattern since the March 28 2022 High. As you can see the two so far corrective waves have followed a similar Lower Lows structure. The price is currently on the bullish leg to the Lower Highs trend-line, supported by both the 1D MA100 (green trend-line) and the 1D MA50 (blue trend-line). The 1D MACD Bearish Cross that is about to be completed calls for a sell preparation, as every Bearish Cross above the 0.0 level since March 2022 has been a sell signal. The closer the price gets to the 1D MA200 (orange trend-line), the more efficient the sell entry will be. We will target a projected 1D MA50 contact at 0.53500. ------------------------------------------------------------------------------- ** 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
2
USDCHF - Price can bounce up from support line and exit of wedgeHi guys, this is my overview for USDCHF, feel free to check it and write your feedback in comments👊 Recently price started to grow inside rising channel, where it rose to $0.9215 resistance level, breaking $0.9100 level. But then price at once bounced down and fell to $0.9100, which coincided with resistance zone, exiting from channel. After this, Swiss Franc started to trades in wedge, in which it first rose to resistance level and even entered to $0.9215 - 0.9235 resistance area. But soon price made a strong downward impulse to support line of wedge, thereby breaking $0.9215 and $0.9100 levels. Now I think Swiss Franc can make correction to support line and then bounce up to $0.9100 level, exiting from wedge. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
8
CADCHF Pure Resistance - Support trade.The CADCHF pair is trading within a 5-month Rectangle pattern. Following the rejection on the 0.68310 Resistance and establishing the price action below the 1D MA200 (orange trend-line), it should begin the final bearish phase towards the 0.64600 Support. The 1D MA50 is in between but after the 1D MACD formed a Bearish Cross, it shouldn't hold. Our target is 0.64800. ------------------------------------------------------------------------------- ** 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
HelenP. I Swiss Franc can rebound from trend line and start riseHi folks today I'm prepared for you Swiss Franc analytics. A short time ago price traded near the 0.8955 support level, which coincide with the support zone, but later it fell below this level to the trend line, where at once rebounded and started to grow. Price rose to 0.9210 resistance level, which coincided with the resistance zone, but at once rebounded down and fell until to trend line. Swiss Franc some time traded near this line and then continued to move up to the 0.9210 resistance level. After the price reached this level, CHF broke it a few times and traded in the resistance zone, but later price started to decline and in a short time Swiss Franc declined below this level, thereby breaking it again. At the moment CHF trades near the trend line and for my mind, it can fall to this line and then rebound up to the 0.9210 resistance level. After this, the Swiss Franc can break this level, make a retest, and then continue to move up. Therefore I set two targets, the first target at the 0.9210 resistance level and the second - at the 0.9280 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
7
AUDCHF: Reversing near the top of the Channel Down.AUDCHF may have crossed over the 1W MA100 but eventually failed, also on the 0.5 Fibonacci level, and appears to be reversing. The technical outlook on the 1D time-frame is neutral (RSI = 55.574, MACD = 0.003, ADX = 42.778), so it is a valid sell entry. On top of that, every LH inside this 15 month Channel Down (exception Jan 23rd 2023) has been around the 0.5 Fibonacci level. All this while the 1D MACD is close to a Bearish Cross formation. Sell and target the bottom of the Channel Down over the -0.382 Fib (TP = 0.54500). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
AUDCHF Hit our bullish target. Now time to sell the Channel DownThe AUDCHF pair has hit the 0.58200 target (0.382 Fibonacci level) we set on our last buy call (see idea below) and is resting today at the top (Lower Highs trend-line) of the Channel Down pattern since the January 27 2023 High: The price price is now on the 1D MA100 (green trend-line) and just below the 0.5 Fibonacci level. There is also a chance that the dotted Channel Down will be materialized, so the technical Lower High max extension is a little higher. The sell confirmation typically comes when the 1D MACD makes a Bearish Cross. Our target is a potential -9.10% extension at 0.54000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
CHFJPY, DOOMSDAY BEAR-MARKET Scenario, Wedge-TRIGGER-Setup!Hello There! Welcome to my new analysis about CHFJPY on several timeframe perspectives. The CHFJPY conditions have accelerated to an unnatural dynamic recently as the pair moved into new highs instead of the massive overbought condition and the fact that this main reversal into the bearish direction should have setup already long times before especially considering the deficit of capital flows in CHF against the JPY there is a lot of bearish pressure present for CHF. On the broader perspective the pair is forming this gigantic ascending-wedge-formation in which it already penetrated the lower boundaries with crucial bearish momentum spikes into the lower direction. This means that once a huge bearish pressure spike below the lower boundary has setup this will lead to many long liquidation triggers down the road and will lead to further continuations into this perspective. When the bearish pressure accelerates heavily this will also lead to the massive head-shoulder-formation to be completed triggering further bearish liquidations and momentum. Especially with a further increase of the deficit in capital flows between CHF and JPY this will lead to the main market momentum to convert into a bearish dynamic and will lead to the underlying bearish scenario perspective to be confirmed by traders and investors moving into a more bearish sentiment consideration. Once the whole head-shoulder-formation has completed the momentum is likely to accelerate to the target-zones mentioned. In this manner, thank you everybody for watching the analysis, support from your side is greatly appreciated. VP
by VincePrince
10
USDCHF SellAs usdchf is on its previous high and over the time it has taken a rally upwards now its going to have a rally down it could be a retracment as we can see 200EMA show that USDCHF is bullish trend and will move upward but it could be a call for reversal so we will be waiting for a bearish Engulfing or bearish harami here and will be shorting this pair as we have seen a inverted hammer pattren and waiting to break below that and show us another signal for shorting baised
Short
by Wakeel_Saab
USDCHF Extremely overbought. Start selling. Sharp correction.The USDCHF pair is seeing a dramatic price surge in September. The pattern post late 2022 is basically very similar to the previous Bear Cycle of 2019-2020. The bottom fractals in particular seem identical and the price is approaching the 0.5 Fibonacci rejection level. Trading Plan: 1. Sell on the current market price and another on the 0.5 Fibonacci level. Targets: 1. 0.8800 (the symmetricl low of May 4th 2023). Tips: 1. The RSI (1d) is overbought, marginally over even 83.50 Overbought Resistance. This RSI Resistance has seen sharp declines after every touch (May 3rd 2018, March 4th 2021, May 11th 2022). That is why start shorting now is advised. Please like, follow and comment!! Notes: Past trading plan:
Short
by TradingBrokersView