USDCHF: Rejection on the 1D MA50. Sell.The USDCHF pair got rejected on Friday on the 1D MA50 and is extending those losses today. The long term pattern is a Channel Down and the currently neutral 1D time frame technically (RSI = 49.936, MACD = -0.001, ADX = 19.890) suggests that this is a strong sell entry. You can target S1 but we are willing to go marginally lowe on S2 (TP = 0.87610) based on the January bearish fractal.
Prior idea:
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Swissfranc
CADCHF: Bullish Outlook 🇨🇦🇨🇭
CADCHF broke and closed above a solid horizontal resistance on 4H.
Now, the rising trend line and a broken structure compose the contracting zone of demand
from where I will expect a bullish continuation.
Next goal for buyers - 0.671
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EURCHFMega bearish on EUR at the moment and I think we'll continue to see EURCHF slide.
Here's my ideas, plan A and plan B both resolve at a TP of 0.967 but I think we'll break through the demand zone and head down to 0.957, which is a 1:6 trade.
Last week the Euro was the worst performing G10 currency in my analysis, we can see USD strengthening (which indicates risk off), and therefor continued EUR weakening (risk on), nom sen.
Trade safe!
USDCHF: Channel Down but MA200 (4h) determines the tradeThe USDCHF is trading inside a Channel Down, with the recent rebound on the MA50 (4h) bringing the price at the top of the pattern.
The MA200 (4h) is about to be tested for the first time in seven weeks and is the pivotal level for the short term trend.
Trading Plan:
1. Buy if the price closes a (4h) candle over the MA200.
2. Sell as long as it closes under it.
Targets:
1. 0.91200 (Resistance 1).
2. 0.88190 (Support 1).
Tips:
1. RSI (4h) showing a similar formation as the Channel's previous High.
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Notes:
Past trading plan:
AUDCHF: Sell Signal on a 1D MA50 rejection.The AUDCHF pair is on a long term Channel Down that has just been rejected on the 1D MA50. The 1D technicals are marginally bearish (RSI = 44.758, MACD = -0.002, ADX = 32.406) meaning that this is still a sell opportunity in its early stages. As in December, target the LL line (TP = 0.580000).
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CADCHF - BEARISH TRIPLE TOP📉Hello Traders👋🏻
The CADCHF Price Reached a Supply Zone ✔
The Price Failed To Create New Higher High📈
Currently, CADCHF Formed a Triple Top Pattern ✔
The Neckline is Broken 🔥
If Price Stays Under The Key Zone, CADCHF Can Continue The Bearish Move 📉
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TARGET 1: 0.65795🎯
TARGET 2: 0.65365🎯
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AUDCHF: Time to Fall 🇦🇺🇨🇭
AUDCHF is trading in a bearish trend.
After the price set a new lower low, it started a correctional movement.
The pair reached a major falling trend line this week.
The market was stuck on that for a couple of days and formed a horizontal range on 4H.
Its support was broken yesterday.
It will most likely trigger a bearish trend continuation.
Goals will be 0.5935 / 0.588
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USDCHF Sell under the 1day MA50The USDCHF pair is repeating a pattern we identified last time from late 2022.
After the Triangle's Support broke, the price formed a Channel Down that hit Fibonacci 2.0.
We have already achieved Fibonacci 1.5 on the previous trade and Fibonacci 2.0 is at 0.8700.
Target this as long as the 1day candle keeps closing under the 1day MA50.
Previous chart:
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AUDCHF Short-term Buy SignalThe AUDCHF pair reached the bottom (Lower Lows trend-line) of the 2-year Channel Down pattern and rebounded, testing now the 1D MA50 (blue trend-line). Then that 1D MA50 test took place after the RSI on the 1W time-frame rebounded on its Support Zone, all three times the price hit the 1D MA200 (orange trend-line). This can happen a little quicker at 0.62000 or slower at 0.61500. Choose the appropriate target depending on the course of the price action.
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AUDCHF growth after completion of pullback(Short term)🚀!!!AUDCHF managed to break the downward trendline and 🔴resistance zone🔴.
Currently, it seems that AUDCHF has succeeded in completing a pullback; the sign of the completion of the pullback of the Hammer Candlestick pattern is near the resistance zone in the 15-minute and even one-hour time frames .
I expect AUDCHF to go up to at least the 🎯target🎯 I have marked on the chart.
🔅Australian Dollar/ Swiss Franc ( AUDCHF ) 1-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 be glad to see your ideas in this post.
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CHFJPY - New Bullish Move 📈Hello Traders👋🏻
The CHFJPY Broke The Key Level (151.110-151.528) ✔
So, The Resistance Level Becomes New Support Level
If Price Stays Above The Key Zone,
CHFJPY Can Create New Higher Low and Continue The Bullish Move 📈
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TARGET 1: 153.450🎯
TARGET 2: 155.888🎯
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CHFJPY: Important Breakout🇨🇭🇯🇵
CHFJPY is trading in a long-term bullish trend.
Last week, the price managed to violate a key weekly resistance cluster 148.0 - 151.5.
The broken structure turned into a demand zone now.
The pair is currently retesting the broken structure.
I will expect the accumulation of buying volumes within that and a bullish continuation to 156.1.
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CADCHF - BEARISH RISING WEDGE 📉Hey Traders👋🏻
The CADCHF Price Reached a Strong Resistance Line ✔
Currently, CADCHF formed a Rising Wedge ✔
The Price Failed To Create New Higher High 📈
The Support Line of the wedge is Broken 🔥
If Price Stays Under The Key Zone, CADCHF Can Continue The Bearish Move 📉
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TARGET: 0.65354🎯
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CHFJPY: Pullback for a month, then buy opportunityCHFJPY is an almost overbought 1D technicals (RSI = 69.922, MACD = 1.670, ADX = 65.369), rising non-stop since March 20th inside this 1 year Channel Up. The pattern is much like the June 29th 2022 top that after almost hitting Fibonacci 2.0, it pulled back to the 1D MA50 and resumed the rise to Fibonacci 2.618. Consequently, we are selling this pullback and once the 1D MA50 is hit, we reverse to buying (TP = 160.000).
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CHF/JPY Possible Itinerary CHF/JPY is looking bullish all the way,
If the previous 4H resistance is retested, market may continue UP to the monthly very old high 158.554 that took place in 1980.
Another scenario to the downside if we witnessed a real breakout of the previous 4H resistance.
Happy Trading.
USDCHF - Double Top 📉Hello Traders👋🏻
On The Daily Time Frame, The USDCHF Price Reached a Supply Zone (0.89761-0.89878) ✔
The Price Failed To Create New Higher High 📈
Currently, USDCHF formed a Double Top Pattern ✔
The Neckline is Broken 🔥
If Price Stays Under The Key Zone USDCHF Can Continue The Bearish Move 📉
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TARGET: 0.88780🎯
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CHFJPY signaling a bullish extensionThe CHFJPY pair traded exactly as we expected more than 1 month ago, rebounding on the 2021 Higher Lows trend-line and hitting out 147.500 target:
Today we see an impressive green 1D candle, indicating that the rally that started back then will have an extension. The 1D RSI indicates that we enter the final bullish leg of a sequence similar to June 2022. This gives a maximum upside at around +7.20% from the Higher Low. We set a target below it at 159.000.
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CHFJPY - Bearish Head and Shoulders📉Hello Traders👋🏻
On The Weekly Time Frame, The CHFJPY Price Reached a Major Key Level (151.071-151.494) ✔
The Price Failed To Create New Higher High 📈
Currently, CHFJPY formed a Head and Shoulders Pattern ✔
The Neckline is Broken 🔥
So, I Expect a Bearish Move 📉
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TARGET 1: 148.686🎯
TARGET 2: 147.700🎯
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EURCHF Buy opportunity a little lower.The EURCHF pair is now trading below the 1D MA200 (orange trend-line) for the 5th straight day. This is a downtrend that started after the March 23 High. We are looking to buy lower near Support 1 (0.972500) assuming the 1D candle closes above it and target the September 2021 Lower Highs trend-line at 0.99000.
If it closes a 1D candle under Support 1, we will book the loss and take a sell position instead targeting Support 2 at 0.966500.
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AUDCHF - NEW BREAKOUT !HELLO TRADERS !
On The Daily Time Frame The AUDCHF Price Reached a Support Level !
Currently, The Support Level is Broken and becomes a New Resistance Level 🔥
The Price Formed a Descending Triangle Pattern !
so, I Expect a Bearish Move 📉
i'm waiting for a retest...
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TARGET: 0.58800🎯
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USDCHF - Bearish Double Top 📉Hey Traders !
The USDCHF Price Reached a 0.5 FIB Level !
Currently, The Price Formed a Double Top Pattern !
The Neckline is Broken 🔥
If Price Stays Under The Key Zone, USDCHF Can Continue The Bearish move !
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TARGET: 0.88650🎯
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