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Swissfranc

Swiss Franc can continue to decline to support line of channelHello traders, I want share with you my opinion about Swiss Franc. Looking at the chart, we can see how the price a few times ago traded inside the range near the bottom part, which coincides with the 0.8755 - 0.8780 buyer zone. Later price rebounded up to the 0.8870 support level, but at once bounced down and fell back to the buyer zone. After this movement, the Swiss Franc made an upward impulse higher than the support level, thereby breaking it. Also soon, the price exited from the support area and started to rise inside the upward channel, in which the Swiss Franc reached the resistance line and then started to fall to the support line. When the price declined to this line, it at once rebounded up to 0.9045 current support level. The Swiss Franc broke this level and rose to the resistance line of the channel, but a not long time ago it bounced down, where continues to tardes near the resistance line to this day. Probably Swiss franc can fall to the support level, break it, and then continue to decline to support line of the upward channel. For this case, I set my target at the 0.8985 level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
7
AUDCHF: Short term strength expectedExpecting the recent retracement to continue at least to 0.586 support, just crossing the mid point of my descending channel. Overall I'm still bearish on this pair (just), I am expecting the reversal at some point soon, either from here, or around the ATL marked on the chart. I see AUD gaining in strength as China wakes up. There's a big interest rate decision this Thursday from the SNB which will be big news I feel. I see this as a great pair to trade once a reversal is confirmed, there's a long way to go up!!
Long
by Finchcliffe
CHFJPY Holding the 1D MA50. Bullish until broken.The CHFJPY pair is trading above the 1D MA50, holding it tightly for the past 10 days. Technically that is the long-term Support trend-line since March 29, while the long-term pattern has been a Channel Up. As long as the price is trading above the 1D MA50, we are bullish, targeting 171.000 (+8.00% increase). If the price breaks below the bottom (Higher Lows trend-line) of the Channel Up, sell towards the 1D MA200, targeting 155.000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
USDCHF: The top isn't in most likely. 1D MA200 ahead.USDCHF has been rising non-stp since the July 18th bottom on 0.85555 (S1). The 1D outlook is on straight bullish technicals (RSI = 61.656, MACD = 0.005, ADX = 40.729) and as the 1D MA50 has been turned into Support, we expect the rally to peak within the 1D MA200 and the inside LH trendline. That would be as close to the top of the twelve month Channel Down as possible. We will wait until a LH trendline is formed on the 1D RSI, which preceded every sharp selling and was the ideal short signal. Target S1 (TP = 0.85555). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope
2
EURCHF broke above the 1D MA50. Bullish signal.The EURCHF pair broke above the 1D MA50 (blue trend-line) and closed yesterday's 1D candle exactly on it. This is the first bullish signal we encounter since the June 12 1D MA50 break-out. The long-term pattern is a Channel Down but since July 27, the price has been holding the 0.952250 level (Support 1) as well as the 0.96510 (Resistance 1). As a result, we have the opportunity for a short-term buy if a 1D candle closes above the 1D MA50. Our target will be Resistance 1 (0.965100), which is also where contact with the 1D MA100 (green trend-line) is expected to be made. The 1D MA100 has been the target during the previous Lower High formation (June 22 2023). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
USDCHF - Price can make a little movement down and continue riseHi guys, this is my overview for USDCHF, feel free to check it and write your feedback in comments👊 Some days ago price entered to rising channel, in which it firtsly fell to support line, breaking $0.8795 level. But soon, price bounced and made strong upward impulse to resistance line of channel, breaking two resistance levels. After this, Swiss Franc corrected the $0.8900 level, which coincided with the support area and sometimes traded near. Later, the price reached support line of channel again, and a not long time ago, it bounced from this line and continued to rise. In my mind, Swiss franc can make a little movement down and then bounce up to $0.9055 resistance line of rising channel. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
8
USDCHF Channel Up prevailing for now. Buy the dip.The USDCHF pair broke last week above the 1 year Channel Down and closed above the 1D MA100 (green trend-line) for the first time since November 09 2022. The price action has now completed five 1D candles above the 1D MA100 and the pattern that seems to be prevailing is a Channel Up (blue). With the 1D RSI hit 67.00, almost turning overbought, so our intension is to wait for a Higher Lows (dashed trend-line) pull-back and buy the dip, targeting the 1D MA200 (orange trend-line) at 0.9000. If the price closes a 1D candle below the 1D MA50 (blue trend-line), we will take the loss and turn bearish instead long-term. The target will be 0.83650 representing a -4.73% decline from the 1D MA50, which has taken place another 3 times already within this long-term Channel Down. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
1
CHFSGD Bullish runHello traders, We have yet another great market set up to take advantage of. The CHFSGD has been consolidating in a falling wedge. We have since seen an opportunity to take advantage of a trend violation on the daily timeframe. Should we close above the trendline today, we are definately bullish unti we reach our target set at 1.48927, this target was set by our primary observation of an ABCD trend hike which is currently in motion. We will now take the long trade and hold, should we not break out of our trendline, we will close this trade. Disclaimer NASDAQ Guru offers general trading signals that does not take into consideration your own trading experiences, personal objectives and goals, financial means, or risk tolerance.
Long
by Mezzoforte_Privilege
HelenP. I Swiss Franc can continue to rise inside from wedgeHi folks today I'm prepared for you Swiss Franc analytics. A small time ago price declined to the 0.8765 support level, which is located inside the support zone, but soon it rebounded and rose to the next level. After the Swiss Franc reached the 0.8870 level, it at once made a correction to the trend line, thereby breaking the 0.8765 support level, but soon the price rolled up and made a strong impulse up to 0.8870 level and also entered to wedge. Next, the price broke this level, which coincided with one more support zone, and then continued to rise to the resistance line of the wedge. But after Swiss Franc rose this line, it rebounded down and declined to the trend line. Also recently price bounced from the trend line and now continues to move up inside the wedge. For my think, the Swiss Franc can make a correction to the trend line and then rebound to the resistance line of the wedge. Therefore I set up my target at the 0.8970 level, which coincides with this line. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
10
After breaking support line Swiss Franc can continue to fallHello traders, I want share with you my opinion about Swiss franc. By observing the chart, we can see that the price some time ago bounced from the seller zone, which coincides with the 0.8870 resistance level, and made a strong downward impulse below the buyer zone, thereby breaking the 0.8870 resistance level and 0.8615 support level too. But later Swiss Franc rebounded and rose higher of the 0.8615 level and then it made a correction to the support line. After this price started to rise and in a short time rose to a resistance line, where later rebounded down started to fall. The Swiss Franc declined to the support line and then tried to rise, but after it reached the 0.8870 resistance level, the price rolled down and even made a fake breakout of the support line. Then the price a little time trades near the support line and a not long time ago Swiss Franc broke it and now trades below. I think that the price can fall a little more and then make a retest of this line. Next, the Swiss franc continues to decline, therefore I set up my target at the 0.8730 level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
5
AUDCHF Buy signal within the Channel Down.The AUDCHF pair has been trading within a Channel Down pattern since the January 27 2023 High. The price is currently on a 2-week rise and following the completion of a 1D MACD Bullish Cross, it can extend to at least the 0.382 Fibonacci level based on the previous two Lower Lows of the Channel Down. As a result, we are targeting 0.58200, which would also make a technical contact with the 1D MA100 (green trend-line). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
8