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Swissfranc

2 FX Shorts with excellent oddsStarting with the pair which makes no sense at current levels, considering the most meager of rate differentials at +2.5% , were it not for the SNB's deranged policy of "supporting the Swiss Franc as an inflation fighting measure" (while Swiss inflation is barely holding at 2%!) and with the Swiss Franc already at nose-bleed levels. CHFJYP; a 50 year SHORT in the making; The main chart is the MXNJPY - SHORT , also the premier carry-trade - while equities are trying to cling to the remnants of an already burst bubble. While the Bank of Mexico has increased the rate differential (versus the static Yen) two-fold, in short order, that rate differential remained the same since 03/2023 while this pair continued on it's upward trajectory an additional 16%, incidentally inline with the SP500's identical increase during the same period; Both of these pairs are at multi-year technical confluences, both pressing against significant resistance and showing distinct patterns of reversal. SHORT & SHORT
Short
by Nemo_Confidat
1
USDCHF Stuck within the 1D MA50 - MA100. Break-out trade.The USDCHF pair is pulling back after making nearly a Lower High on the long-term Channel Down and hit last hit the 1D MA100 (green trend-line). Today it is testing the 1D MA50 (blue trend-line) as a Resistance, so the closing of the 1D candle either way will most likely decide the next trend. Above the 1D MA50, we will buy, targeting 0.94000 (Channel Up Higher High and Resistance 2). Below the 1D MA100, we will quick sell, targeting 0.88000 (Channel Up bottom). ------------------------------------------------------------------------------- ** 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
1
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