💵Euro/Swiss Franc 💵(Short term,11/01/2022)!!!Euro/Swiss Franc completed wave A in the resistance zone and is now on the way to completing wave B.
The end of wave B can be 50%-61.8% of wave A (in this case).
🔅Euro/Swiss Franc (EURCHF) Timeframe 4H⏰.
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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Swissfranc
AUDCHF Inverse Head and Shoulders targeting the 1D MA200The AUDCHF pair has been trading within a Channel Down pattern since February 25 2021 High. At the moment, it is below the 1D MA50 (blue trend-line) but appears to have completed an Inverse Head and Shoulders (IH&S) pattern that is a technical formation typically found on market bottoms.
In fact, with the RSI on the 1W double bottoming and rebounding, the current pattern resembles the IH&S of the August 20 201 bottom. As you see, that pattern also trading the Right Shoulder around the 1D MA50 and then rebounded and hit the 1D MA200 (orange trend-line). We expect the 1D MA200 to get hit once more before a pull-back and is currently our medium-term target.
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GBPCHF: Very Bearish Setup 🇬🇧🇨🇭
Hey traders,
Have you seen that cute head & shoulders pattern on GBPCHF?
The price has just broken its neckline and closed below that on a daily.
I believe that the pair will drop lower soon.
Next goal - 1.094
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USDCHF: Key Levels to Watch 🇺🇸🇨🇭
Here is my structure analysis for USDCHF.
Resistance 1: 1.0135 - 1.015 area
Support 1: 0.984 - 0.986 area
Support 2: 0.978 - 0.979 area
Support 3: 0.974 - 0.9755 area
Because the market is trading in a long-term bullish trend, I will look for buying opportunities from one of the supports.
Once one of them reached, wait for a confirmation first.
Alternatively, consider these structures for breakout trading.
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CHFJPY Undecided around the 1D MA50.The CHFJPY pair has been trading on one of the most consistent patterns of the last 12 months as we accurately outlined on our last analysis in mid September:
Once again the signal played out as it pulled-back as low as the 0.5 Fibonacci retracement level and then the price has been trading sideways ever since. The 1D RSI has again formed Lower Highs but this time the MACD on the 1W time-frame is on a confirmed Bearish Cross.
As a result, we are only willing to approach this with break-outs. A 1D closing below the 1D MA100 (green trend-line), would be a sell break-out signal targeting the 1D MA200 (orange trend-line), while one above the 1D RSI Lower Highs and the price's 150.700 Resistance, would be a buy break-out signal targeting the 2022 Higher Highs trend-line.
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EURCHF: Your Trading Plan For Today 🇪🇺🇨🇭
Hey traders,
EURCHF reached a solid horizontal key level yesterday.
Approaching that, the price formed a head & shoulders pattern.
0.9865 - 0.9872 is its neckline.
To short, we should wait for its bearish breakout (we need hourly candle close below that).
Then, sell aggressively or on a retest.
Goals will be 0.9845 / 0.983
If the price sets a new high above the head, the setup will be invalid.
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EURCHF Massive Sell Signal formingThe EURCHF pair has been on a rise since the September 26 low, breaking above the 1D MA50 (blue trend-line) in the process. This formation resembles the February 07-10 2022 pattern both in candle terms and in 1D RSI, which as you see are identical.
The Feb pattern was eventually a top formation within the 0.5 - 0.382 Fibonacci retracement levels and subsequently a rejection followed that broke below the 1D MA50 and made a Lower Low on the -0.5 Fib extension. As a result, if the price breaks below the 0.382 Fib, we'd have a confirmed a bearish extension and we will target the 0.94100 Low of Sep 26. A break above the 1D MA200 (orange trend-line) would invalidate this pattern and target the upper Lower Highs trend-lines.
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CADCHF: Pullback From Key Level 🇨🇦🇨🇭
CADCHF has nicely respected a horizontal support on 1H time frame.
I believe that the market may keep growing.
Next goal for buyers - 0.7366 resistance.
❤️If you have any questions, please, ask me in the comment section.
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💵Canadian Dollar/Swiss Franc 💵(Short term,11/01/2022)!!!Canadian Dollar/Swiss Franc was able to break the Trend lines and now is pulling back to them.
The structure of the pullback is a Rising wedge pattern.
Canadian Dollar/Swiss Franc bounced back from the upper line of the Rising wedge with the Bearish Engulfing candlestick pattern.
I expect the Canadian Dollar/Swiss Franc will go down at least until the support zone.
🔅Canadian Dollar/ Swiss Franc ( CADCHF ) Timeframe 8H⏰.
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.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
USD CHF - FUNDAMENTAL DRIVERSUSD
FUNDAMENTAL OUTLOOK: BULLISH
BASELINE
With headline CPI above 8% and Core CPI seeing another acceleration in the SEP CPI data, the Fed is under pressure to continue hiking rates and ramping up QT. Markets expect another 75bsp hike in NOV and currently prices the terminal rate at 4.89%. The Fed is on a data-dependent (meeting-by-meeting) policy stance, meaning incoming growth, inflation and jobs data remains a key driver for short-term USD volatility where we expect a cyclical reaction with incoming data for both the USD and US10Y (good data expected to be supportive for the USD while bad data is expected to pressure the USD). Our expectation for a softer USD this past week played to our advantage with a punchy move lower in the Dollar. The week ahead is filled with lots of US economic data and the FOMC policy decision which will all be important drivers for the USD.
POSSIBLE BULLISH SURPRISES
With the Fed signalling a data dependent policy stance, we expect a cyclical reaction from the USD with incoming US data. Thus, extremely good growth, inflation or jobs data is expected to trigger short-term bullish reactions in the USD. If the cyclical outlook continues to weaken, the USD’s safe haven status still matters. Any incoming catalysts that increase deep recession fears and triggers strong moves lower in risk assets & bonds can trigger safe haven flows into the USD. With a lot priced for the Fed and USD, the bar is high for hawkish Fed surprises, but any aggressive Fed speak talking up a >5.0% terminal rate can trigger further USD upside.
POSSIBLE BEARISH SURPRISES
With the Fed signalling a data dependent policy stance, we expect a cyclical reaction from the USD with incoming US data. Thus, extremely bad growth, inflation or jobs data is expected to trigger short-term bearish reactions in the USD. If the cyclical outlook starts to improve, the USD’s safe haven status still matters. Any incoming catalysts that decrease deep recession fears and triggers strong moves higher in risk assets & bonds can trigger safe haven outflows out of the USD. With a lot priced in for the Fed and the USD, it won’t take much to disappoint on the dovish side. Any big concerns about growth from Fed speakers could trigger outflows.
BIGGER PICTURE
The fundamental outlook for the USD remains bullish as long as the Fed stays hawkish and cyclical concerns put pressure on risk sentiment. The data dependent stance from the Fed means that short-term data surprises can pull the USD either way and would be our preferred way of trading the Dollar right now. We have a very excited economic calendar for the US in the week ahead, with lots of important economic data and the FOMC meeting. For the econ data our expectation is for a cyclical reaction where very good data is expected to support the USD and very bad data expected to pressure the USD. As for the Fed, the main focus will be on whether the FOMC confirms a downshift in the pace and size of hikes.
CHF
FUNDAMENTAL OUTLOOK: WEAK BULLISH
BASELINE
The CHF took quite a beating two weeks ago after the SNB’s 75bsp hike as interest rate markets were already fully priced for a 100bsp move from the bank. Furthermore, in their communication the bank didn’t seem to provide the same stern assurance of much higher rates as they did at their June meeting. This does not change the currency fundamental outlook, but some lower repricing in rate expectations which are accompanied by a currency that has seen a lot of appreciation in recent weeks means we could see the currency’s resilience challenged.
POSSIBLE BULLISH SURPRISES
Any incoming data or SNB comments that causes markets to price in even more aggressive policy from the bank could trigger bullish reactions in the CHF. As a risk sensitive currency, and catalyst that causes big bouts of risk off sentiment could trigger bullish reactions in the CHF.
POSSIBLE BEARISH SURPRISES
The SNB has not been trying to devalue the CHF through sight deposits. Any drastic appreciation could spark some intervention and would be a bearish catalyst. As a risk sensitive currency, and catalyst that causes big bouts of risk on sentiment could trigger bearish reactions in the CHF.
BIGGER PICTURE
The SNB’s 75bsp hike in September was not enough to support the CHF as their 50bsp hike did back in June, mainly because market expectations were very aggressive going into the meeting. The repricing in the currency was fast and punchy and provided a good short-term opportunity to take advantage of. The currency has struggled to regain any material upside after the meeting, and this week’s CPI could set the tone for the December meeting. A bigger than expected beat could see markets pricing in a higher chance of a 75bsp hike which could see some short-term upside for the CHF, while a big miss could see the current 44bsp priced (at the time of writing) reduced and could pressure the CHF.
USD CHF - FUNDAMENTAL DRIVERSUSD
FUNDAMENTAL OUTLOOK: BULLISH
BASELINE
With headline CPI above 8% and Core CPI seeing another acceleration in the SEP CPI data, the Fed is under pressure to continue hiking rates and ramping up QT. Markets expect another 75bsp hike in NOV and currently prices the terminal rate at 4.89%. The Fed is on a data-dependent (meeting-by-meeting) policy stance, meaning incoming growth, inflation and jobs data remains a key driver for short-term USD volatility where we expect a cyclical reaction with incoming data for both the USD and US10Y (good data expected to be supportive for the USD while bad data is expected to pressure the USD). Our expectation for a softer USD this past week played to our advantage with a punchy move lower in the Dollar. The week ahead is filled with lots of US economic data and the FOMC policy decision which will all be important drivers for the USD.
POSSIBLE BULLISH SURPRISES
With the Fed signalling a data dependent policy stance, we expect a cyclical reaction from the USD with incoming US data. Thus, extremely good growth, inflation or jobs data is expected to trigger short-term bullish reactions in the USD. If the cyclical outlook continues to weaken, the USD’s safe haven status still matters. Any incoming catalysts that increase deep recession fears and triggers strong moves lower in risk assets & bonds can trigger safe haven flows into the USD. With a lot priced for the Fed and USD, the bar is high for hawkish Fed surprises, but any aggressive Fed speak talking up a >5.0% terminal rate can trigger further USD upside.
POSSIBLE BEARISH SURPRISES
With the Fed signalling a data dependent policy stance, we expect a cyclical reaction from the USD with incoming US data. Thus, extremely bad growth, inflation or jobs data is expected to trigger short-term bearish reactions in the USD. If the cyclical outlook starts to improve, the USD’s safe haven status still matters. Any incoming catalysts that decrease deep recession fears and triggers strong moves higher in risk assets & bonds can trigger safe haven outflows out of the USD. With a lot priced in for the Fed and the USD, it won’t take much to disappoint on the dovish side. Any big concerns about growth from Fed speakers could trigger outflows.
BIGGER PICTURE
The fundamental outlook for the USD remains bullish as long as the Fed stays hawkish and cyclical concerns put pressure on risk sentiment. The data dependent stance from the Fed means that short-term data surprises can pull the USD either way and would be our preferred way of trading the Dollar right now. We have a very excited economic calendar for the US in the week ahead, with lots of important economic data and the FOMC meeting. For the econ data our expectation is for a cyclical reaction where very good data is expected to support the USD and very bad data expected to pressure the USD. As for the Fed, the main focus will be on whether the FOMC confirms a downshift in the pace and size of hikes.
CHF
FUNDAMENTAL OUTLOOK: WEAK BULLISH
BASELINE
The CHF took quite a beating two weeks ago after the SNB’s 75bsp hike as interest rate markets were already fully priced for a 100bsp move from the bank. Furthermore, in their communication the bank didn’t seem to provide the same stern assurance of much higher rates as they did at their June meeting. This does not change the currency fundamental outlook, but some lower repricing in rate expectations which are accompanied by a currency that has seen a lot of appreciation in recent weeks means we could see the currency’s resilience challenged.
POSSIBLE BULLISH SURPRISES
Any incoming data or SNB comments that causes markets to price in even more aggressive policy from the bank could trigger bullish reactions in the CHF. As a risk sensitive currency, and catalyst that causes big bouts of risk off sentiment could trigger bullish reactions in the CHF.
POSSIBLE BEARISH SURPRISES
The SNB has not been trying to devalue the CHF through sight deposits. Any drastic appreciation could spark some intervention and would be a bearish catalyst. As a risk sensitive currency, and catalyst that causes big bouts of risk on sentiment could trigger bearish reactions in the CHF.
BIGGER PICTURE
The SNB’s 75bsp hike in September was not enough to support the CHF as their 50bsp hike did back in June, mainly because market expectations were very aggressive going into the meeting. The repricing in the currency was fast and punchy and provided a good short-term opportunity to take advantage of. The currency has struggled to regain any material upside after the meeting, and this week’s CPI could set the tone for the December meeting. A bigger than expected beat could see markets pricing in a higher chance of a 75bsp hike which could see some short-term upside for the CHF, while a big miss could see the current 44bsp priced (at the time of writing) reduced and could pressure the CHF.
USDCHF Trading plan until the end of the yearThe USDCHF pair is trading within a Channel Up pattern ever since it made its low on the 2021 Higher Lows zone (started January 2021) just below the 1D MA200 (orange trend-line) on August 11 2022. After another bounce on the 1D MA200, the price established the 1D MA50 (blue trend-line) as its Support and even tested and marginally broke (on a candle wick) the 1.00650 Resistance Zone, which should be considered still a Triple Top since the price failed to close a candle above it.
We see a stable pull-back on Lower Lows since Oct 14, which can be considered just a Bull Flag unless the Channel Up bottom (Higher Lows trend-line) breaks. Until then the break-out (above the Flag) and Channel Up bottom test, should be bought, targeting the Triple Top Resistance. A break above this Resistance should target the top (Higher Highs trend-line) of the Channel Up.
On the other hand, a closing below the Channel Up bottom (Higher Lows) should target the 1D MA200 and if that breaks too, the 2021 Higher Lows Zone again, where it can finally make contact with the 1D MA300 (yellow trend-line). On the long-term, a break below that Zone constitutes a shift from bullish to bearish and we should look for new patterns. We will follow that with updates so stay tuned.
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EURCHF Possible retracement and new supportWe'd a ascending channel with a resistance making higher highs, however the bottom line of support of the channel was crossed. So we put a horizontal support, to check what could happen to the price, and with this support we can see a possible retracement.
We can also see the EMA line is changing the direction. And about the MACD indicator, the support had already been touched and both lines are changing the direction
And if you zoom the chart, you'll the before the full body bullish candle we and an inverted hammer during the downtrend, so we have some informations where this trend could truly change the directions and go in a Long strategy
CADCHF Previous Target hit. Sell now, unless breakout happens.The CADCHF pair gave us a perfect buy 1 month ago after we spotted the RSI Bullish Divergence and the price rebounded strongly on the 1 year Support Zone:
Our 1D MA50 (blue trend-line) target was successfully hit and now we see the price struggling to close above it. This continues to print the same sequence as the fractal that helped us spot the Bullish Divergence in early July. As you see on July 13, that rebound within the Channel Down was also rejected on the 1D MA50 and pulled-back to make a Lower Low.
At the same time, its Symmetrical move that rebounded on the 1 Year Support also on December 20 2021, formed a short-term Channel Down (red pattern) that broke within the 0.618 - 0.786 Fibonacci Zone before rebounding above the Symmetrical Resistance Zone.
As a result, our moderate short-term Target is the 0.618 Fib at 0.7200 and are willing to buy only it the price breaks above the Symmetrical Resistance in which case we can long a strong rally targeting 0.7500, 0.7600, 0.7700 and 0.7800 in succession.
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USDCHF SHORT ANALYSIS TO $0.9690📉This here is my bias on the Swiss Franc against the Dollar. I expect the Swiss to strengthen, pushing the Dollar down towards $0.9690. We have finished the uptrend (Wave 5) & should now see a reversal, marking the start of a new trend or a correction.
MINIMUM target should be below the previous Wave 4 ($0.9740), in order for it to count as a healthy retracement.
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USDCHF: Buy the dips!USDCHF
Intraday - We look to Buy at 0.9952 (stop at 0.9919)
Daily signals are bullish. The trend of higher lows is located at 0.9950. We look to buy dips.
Our profit targets will be 1.0029 and 1.0039
Resistance: 1.0030 / 1.0050 / 1.0070
Support: 0.9980 / 0.9960 / 0.9930
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AUDCHF: Bullish Continuation Pattern 🇦🇺🇨🇭
AUDCHF reached a strong intraday support yesterday.
I see a very nice bullish reversal this morning.
I believe that the pair will bounce soon.
Initial target - 0.636
❤️If you have any questions, please, ask me in the comment section.
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USDCHF: 2 Scenarios Explained 🇺🇸🇨🇭
Update for USDCHF.
The price is currently approaching a key daily structure resistance.
Depending on the reaction of the price to that, I see 2 potential scenarios:
If the price breaks and closes above the underlined blue zone on a daily,
a bullish continuation will be expected to 1.02
Analyzing intraday time frames, I spotted a triple top formation on 1H time frame.
1.0036 - 1.004 is its neckline. If the price breaks and closes below that, I will short the pair.
Targets will be 0.9985 / 0.9935
Wait for a breakout, then follow the market.
What do you expect?
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GBPCHF: Pullback From Key Level 🇬🇧🇨🇭
On a today's live stream with my students, we took a long trade on GBPCHF.
The pair is coiling on a peculiar confluence zone based on a horizontal stucture and 382 retracement of the last bullish impulse.
The price formed an ascending triangle formation on that structure and broke its neckline then.
Probabilities are high that the pair will reach 1.133 / 1.135 levels soon.
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💵British Pound/Swiss Franc💵Analyze (10/18/2022)!!!The British Pound/ Swiss Franc moved as I expected 👇✅
I expect the British Pound/ Swiss Franc will go down until the support zone.
🔅British Pound/ Swiss Franc Analyze ( GBPCHF ) Timeframe 2H⏰.
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.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
💵Swiss Franc/U.S.Dollar💵Analyze !!!Swiss Franc/U.S.Dollar was able to make a Rising wedge.
For now, the Swiss Franc/U.S.Dollar is completing the pullback.
I expect that the Swiss Franc/U.S.Dollar will go down to the support zone from the current price.
🔅Swiss Franc/U.S.Dollar Dollar Analyze (CHFUSD) Timeframe 8H⏰.
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.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe.
EURCHF: Your Trading Plan For Today 🇪🇺🇨🇭
EURCHF is trading on a major falling trend line.
To catch a bearish move from that, watch a double top pattern on 4H.
0.974 - 0.976 is its neckline.
Wait for its bearish breakout first (we need 4h candle close below that to confirm the breakout),
then sell aggressively or on a retest.
Target will be 0.966
If the price sets a new high, the setup will become invalid
❤️If you have any questions, please, ask me in the comment section.
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