CHFJPY: Bullish Trend Continues 🇨🇭🇯🇵
CHFJPY is trading a long-term bullish trend.
After the price set a new high in July,
it started a correctional movement.
A cup & handle pattern was formed.
CPI report was a trigger for the buyers to violate the neckline of the pattern.
Daily candle closed above that.
It signifies that bullish trend will continue.
The market will most likely keep growing.
Next resistance - 166.5
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Swissfranc
Swiss Franc can fall to support line of upward channelHello traders, I want share with you my opinion about Swiss Franc. Observing the chart, we can see that the price a few moments ago price traded inside a big range, in which it reached the top part of the range, bounced down, and started to decline. Price declined to the 0.8950 - 0.8900 resistance area, but soon rebounded back and some time traded near the 0.8950 resistance level. later swiss Franc broke the resistance level and made a strong downward impulse below the 0.8570 support level, which coincide with the support area. Also then price started to rise inside the upward channel, where it rose higher of 0.8570 support level and at the moment continues to trade there. I think that the Swiss Franc can rise a little and then start to decline to support line of upward channel. For this case, set up my target at the 0.8640 level, which coincides with the support line of the channel. Please share this idea with your friends and click Boost 🚀
USDCHF - Head and Shoulders📉Hi Traders👋🏻
The USDCHF Price Reached A Weekly Resistance Level !
Currently, The Price Formed a Head and Shoulders Pattern📉
The Neckline is Broken🔥
So, I Expect a Bearish Move📉
i'm waiting for a retest...
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TARGET: 0.85700🎯
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AUDCHF - Head and Shoulders📉Hello Traders!
On The Daily Time Frame, The AUDCHF Price Formed a Head and Shoulders Pattern📉
The Neckline is Broken 🔥
So, I Expect a Bearish Move📉
i'm waiting for a retest...
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TARGET: 0.57360🎯
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USDCHF Approaching the 1D MA50 for the optimal sell entry.The USDCHF pair made a strong rejection near the top of the Channel Down pattern and hit our 0.88250 sell target as illustrated on our analysis 2 months ago (see chart below):
The price is now rising again, after nearly the -0.5 Fibonacci extension for a Lower Low (same as the May 04 Lower Low). The most optimal sell entry is within the 1D MA50 (blue trend-line) and the 0.618 Fibonacci retracement level. That is located exactly at the top of the Channel Down. We will take that opportunity to sell and target 0.8300 (again near the -0.5 Fibonacci extension).
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GBPCHF: Bullish Outlook Explained 🇬🇧🇨🇭
GBPCHF formed an ascending triangle formation on a daily time frame.
Its neckline was broken on Friday and the market closed above that.
I will expect a bullish continuation on the pair.
Next resistance - 1.1225
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USDCHF - Price can break resistance level and continue to riseHi guys, this is my overview for USDCHF, feel free to check it and write your feedback in comments👊
After bouncing from $0.8825 point it started to decline near resistance line and firstly price fell to resistance area, which coincided with $0.8700 level.
After this price broke $0.8700 level and entered to flat, where it declined to $0.8565 support level, located in support area.
Also then, price bounced up to $0.8700 resistance level, thereby breaking resistance line, but at once it made correction back.
Swiss Franc declined to support line, and then bounces higher of resistance level, thereby exiting from flat.
At the moment price trades a very close resistance level and I think it can fall to support line and then bounce up to $0.8750, breaking resistance level.
If this post is useful to you, you can support me with like/boost and advice in comments❤️
AUDCHF: Buy opportunity emergingAUDCHF is trading inside a Channel Down pattern for more than one year with the 1D timeframe bearish (RSI = 38.270, MACD = -0.004, ADX = 43.501) as the price is under its middle and the 1D MA50. The 1D MA200 is located exactly on its top.
The 1D MACD is in the process of completing a Bullish Cross, which has been a strong buy signal inside this pattern. Even though the price can extend to 0.57000 to complete a -7.55% decline from the recent Lower High (similar declines have been -8.06%, -7.94% and -7.55% since the start of the pattern so we use the minimum scenario), once the Bullish Cross is formed, we will buy and target the 1D MA50 (TP = 0.59000).
Prior idea:
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GBPCHF: Price Action Analysis & Forecast 🇬🇧🇨🇭
GBPCHF is testing a strong horizontal resistance.
Here are multiple bearish clues that I spotted after the test of the underlined area:
the market was rejected heavily, forming a sequence of rejection candles,
the price formed a head and shoulders pattern and broke its horizontal neckline,
the pair violated a support line of an expanding wedge pattern.
I believe that the market will most likely drop lower soon.
Goals: 1.1117
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After strong downward impulse, Swiss Franc can bounce to 0.8750Hello traders, I want share with you my opinion about Swiss Franc. Observing the chart, we can see how the price a few days ago rose inside the upward channel, in which it broke 0.8910 resistance level with the resistance area. But later, after the price reached the resistance line of the channel, it bounced and made little correction, exiting from the upward channel. Next, the price rose to the resistance line and started to decline to the resistance level near this line. After the price fell to the 0.8910 level, the Swiss Franc made a strong downward impulse to support area 0.8640 - 0.8610, which coincides with the support level, thereby breaking this level. But a not long time ago, the price bounced up and now trades near the 0.8640 support level. I think the Swiss Franc can first fall to the support level and then bounce from it and start to move up. Therefore I set my target at 0.8750 level. Please share this idea with your friends and click Boost 🚀
$USD/CHF - Bottom of Range Bound *M- $USD/CHF has been trading inside a range bound from basically
since 2012.
Past two months, price action came very close to testing
the Lows of printed on January 2021 at 0.87576$
At the current Monthly Candlestick,
Price its breaking out from a Falling Wedge (bullish pattern).
Its measured move would put $USD/CHF at 0.97$
There sits a great opportunity to Buy $USD/CHF from here,
while stoploss can be adjusted in different ways depending on
your trading style and your risk appetite .
(we'll zoom in more for market structure on smaller tf)
Bounce to at least 20 & 50 EMA is highly a probable outcome,
conflicting as well with a test of the nearest S/R area.
TRADE SAFE
***NOTE that this is not Financial Advice .
Please do your own research and consult your own Financial Advisor
before partaking on any trading activity based solely on this Idea
USDCHF Buy opportunity on extremely oversold levels.USDCHF is approaching the bottom of the year long Channel Down after an aggressive rejection on the MA100 (1d).
The RSI (1d) is extremly oversold, close to 20.00.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 0.88000 (expected contact with the MA50 1d near the top of the Channel Down).
Tips:
1. The RSI (1d) gets rejected above its MA level and the 60.00 mark. Use it in addition to the MA100 (1d) rejection indication.
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HelenP. I Swiss Franc can back above trend line Hi folks today I'm prepared for you Swiss Franc analytics. A few days ago price bounced from resistance 2 and rose to the trend line and even broke it. But then the Swiss Franc started to decline and firstly it fell to the resistance zone, which coincide with resistance 2 and after some trading there, it broke this level and continue to fall near the trend line to resistance 1. After this movement, the price broke the trend line and soon broke resistance 1 too, and fell below, but recently it bounced to the trend line, thereby making a retest, and now trades close trend line. I expect that price can make a little correction and then bounce up to resistance 1, breaking the trend line again. Then the Swiss Franc can make a retest or at once continue to rise without a retest. For this case, I set my target at 0.8720 level. If you like my analytics you may support me with your like/comment ❤️
CHF Hits Highest Against Dollar Since 2015 Amidst Possible US De
As you may already know, the Swiss Franc (CHF) has recently reached its highest level against the US Dollar (USD) since 2015. This surge in CHF's value can be attributed to a combination of factors, including growing concerns over the US economy potentially slipping into a deflationary phase.
While it is essential to approach such market movements cautiously, it is worth considering the potential opportunities arising from this situation. Given the current uncertainty surrounding the USD, diversifying your currency portfolio by including CHF and other strengthening currencies against the dropping dollar might be prudent.
Please note that the purpose of this idea is not to make predictions or provide financial advice but rather to highlight an emerging trend that could impact forex trading. It is crucial to conduct thorough research, analyze market conditions, and consult with your trusted financial advisors before making any investment decisions.
In light of these recent developments, I encourage you to stay vigilant and closely monitor the ongoing market dynamics. By staying informed and adapting your strategies accordingly, you can position yourself to capitalize on the opportunities arising from currency fluctuations.
Remember, the forex market is highly volatile, and success often lies in being well-informed and prepared. I urge you to exercise caution, maintain a disciplined approach, and consider the potential risks of trading decisions.
AUDCHF: Multiple Time Frame Analysis & Bearish Outlook 🇦🇺🇨🇭
AUDCHF has recently broken and closed below a major rising trend line.
We see its retest today.
The price formed a descending triangle formation on that.
The neckline of the pattern was broken.
It is an important indication of the strength of the sellers.
I expect a bearish continuation now.
Goal - 0.5872
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DXY sliding downDollar index show rise in currencies like swiss franc. Every bull run in gold and silver has been linked with a rise in swiss franc since they used to have large gold holding.
If dollar persists lower and sticky inflation and sticky rates, does that mean that the market is pricing in more debt and money printing? Is the break out in swiss franc marking a green light for metals?
CADCHF: Important Breakout 🇨🇦🇨🇭
CADCHF is under a strong bearish pressure.
The market broke and closed below a solid, wide horizontal demand zone yesterday.
The broken structure turned in a strong resistance.
The pair will most likely keep falling lower.
Next goal - 0.65
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AUDCHF is dropping after a 1day MA50 rejection.AUDCHF is on the decline after the price got rejected on the 1day MA50 last week.
The long term Channel Down pattern has considerable downside potential as each Lower Low leg has so far been at least -11%.
Sell on the current price and target 0.55000 (another -11% decline) at the bottom of the Channel Down.
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EURCHF will go DOWN by Rising Wedge Pattern!!!EURCHF managed to form a rising wedge pattern near the 🔴 resistance zone 🔴 and the downtrend line .
EURCHF managed to break the lower line of the rising wedge pattern.
I expect EURCHF will go DOWN again to the 🟢 heavy support zone 🟢.
🔅Euro/Swiss Franc Analyze (EURCHF), 4-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post.
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NZDCHF - Head and Shoulders📉Hi Traders👋🏻
On The Daily Time Frame The NZDCHF Price Reached A Resistance Line📉
Currently, The Price Formed a Head and Shoulders Pattern📉
The Neckline is Broken🔥
So, I Expect a Bearish Move📉
i'm waiting for a retest...
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TARGET: 0.54540🎯
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