GBPCHF Best long-term buy signal since COVID-------------------------------------------------------------------------------
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The GBPCHF pair almost hit early this week the Lower Lows trend-line of the multi-year Bearish Megaphone pattern that it has been trading in since June 05 2017. At the same time, the RSI on the 1M time-frame printed its lowest value since the October 31 2016 candle. This combination is a strong buy signal on the long-term and confirmation comes when the 1D MA50 (red trend-line) breaks.
As you see, every time the price broke above the 1D MA50 following a Megaphone bottom, the pair targeted both the 1W MA50 (blue trend-line) and the 1W MA200 (orange trend-line).
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Swissfranc
💵Swiss Franc/U.S.Dollar💵Analyze (9/26/2022)!!!Let's first look at the previous post about the Swiss Franc/U.S.Dollar, which is working ✅fine✅.
The rising wedge pattern is running well; at the same time, the Swiss Franc/U.S.Dollar was able to make a Head and Shoulders Pattern and breaks the neckline by a bearish marubozo pattern.
I expect that the Swiss Franc/U.S.Dollar will go down at least to Head and Shoulders Pattern's 🎯Target🎯.
🔅Swiss Franc/U.S.Dollar Dollar Analyze ( CHFUSD ) Daily Timeframe⏰.
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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USDCHF: Rallies capped?USDCHF
Intraday - We look to Sell at 0.9856 (stop at 0.9881)
The previous swing high is located at 0.9870. We look for a temporary move higher. Preferred trade is to sell into rallies.
Our profit targets will be 0.9795 and 0.9785
Resistance: 0.9800 / 0.9830 / 0.9860
Support: 0.9760 / 0.9730 / 0.9700
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💵British Pound/Swiss Franc💵Analyze (9/22/2022)!!!The British Pound/Swiss Franc was able to make a beautiful Bullish Engulfing Pattern. And British Pound/Swiss Franc managed to reach trend line 1 and, as a result, managed to break it.
We are currently seeing a pullback to trendline 1.
I expect the British Pound/Swiss Franc to go up to at least trend line 2 & resistance zone.
🔅British Pound/Swiss Franc Analyze (GBPCHF) Timeframe 1H⏰.
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 One of the most consistent signals of the past 12 months.The CHFJPY pair has been pulling back after the September 13 High, following the impressive rally since the August 02 low. This pull-back is taking place after the 1D RSI broke the 80.00 heavily overbought barrier.
On this 1D chart, you may notice that especially since October 20, 2021, every time the 1D RSI got heavily reversed upon breaking the 70.00 level, the pair pulled-back. Out of the 5 times that happened in total, in 2 occasions it hit the 0.382 Fibonacci retracement level, and in the other 3 in broke even below the 0.618 Fib.
As a result, it is highly likely to see this pattern repeating. The 0.382 Fib is the highly probable target and is at 145.600 (where is should hit the 1D MA50 (blue trend-line) in the process), while the 0.618 is at 142.500 (where it could make contact with the 1D MA100 (green trend-line)). If you are a medium-term, swing trader, this is one of the most consistent trades you can take at the moment.
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EURCHF Double Bottom targeting a new High.The EURCHF pair has been on a 3 day rise since the September 13, staging it on a Double Bottom pattern. The short-term Resistance is the 1D MA50. This formation resembles the January 2022 pattern both in candle terms and in 1D RSI, which as you see are identical.
The Jan 22 pattern after a fake-out above the 1D MA50 and subsequent rejection to a Double Bottom as well, it started a strong rally to the 0.5 Fibonacci retracement level. As a result, if the price breaks the 1D MA50 again, we'd expect a bullish extension all the way to the 0.5 Fib, which is a little above 1.000. A break below the September 15 Low though can invalidate this pattern and start a strong sell sequence towards the -0.5 Fib extension.
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💵Australian Dollar/Swiss Franc💵 Analyze(update)!!!Let's first take a look at the previous post I published about the Australian Dollar/Swiss Franc.👇
Australian Dollar/Swiss Franc moved as I expected and completed its wave 5.
I expect the Australian Dollar/Swiss Franc to go up to the resistance zone.
🔅Australian Dollar/ Swiss Franc ( AUDCHF ) 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.
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💵Australian Dollar/Swiss Franc💵 Analyze!!!Australian Dollar/Swiss Franc completed the main wave 4 by Expanding Triangle, and now it is on the road to completing the main wave 5 at the targets I showed you in my chart.
🔅Australian Dollar/Swiss Franc ( AUDCHF) 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.
Today’s Notable Sentiment ShiftsUSD – The world’s reserve currency remained supported throughout Thursday, as expectations for further aggressive policy tightening from the FOMC were reinforced by an unexpected rebound in Retail Sales data.
CHF – The Swiss Franc hit its highest level against EUR since 2015 on Thursday, supported by an increasingly hawkish outlook for the SNB.
Indeed, according to Reuters, money markets have now fully priced in 75 basis points of tightening for the central bank at next week’s meeting.
USDCHF Break-out and pull-back buy entries.The USDCHF pair found Support yesterday exactly on the 1D MA200 (orange trend-line), which was the level that provided the last big rally (August 11 - September 06) within the Channel Down pattern that it has been trading in since the May 16 High.
The rise however has so far stopped just below the 1D MA50 (blue trend-line), so there is no reason to rush into trades. It is best to take a break-out/ pull-back buy approach and buy either if the candle closes above the 1D MA50 or wait for a break below the 1D MA200, probably closer to the 1D MA300 (yellow trend-line). That would still not be a Lower Low for the Channel but we have to consider not just the Support Zone around 0.93700 but also the Higher Lows zone (dashed) that is holding since the January 06 2021 Low.
In both cases, our target would be the top (Lower Highs trend-line) of the Channel Down. In order to buy above this level, the pair needs to break the 0.98880 - 0.98700 Resistance Zone, which formed a Double Top on the previous High. On the other hand, in order to sell, we need to see a candle break below the Support Zone, in which case our target will be the bottom (Lower Lows trend-line) of the Channel Down.
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CHFJPY ready for big short!Hello Traders, here is the full analysis for the pair ChfJpy , let me know in the comment section below if you have any questions.
The ellipse could represent a possible zone with good risk/reward to accumulate short position.
Please note that all the information and publications here are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
GBPCHF: Pullback From Key Level 🇬🇧🇨🇭
GBPCHF reached 2 years' low last week.
Analyzing the reaction to that structure on lower time frames,
I spotted a confirmed bullish breakout of a falling parallel channel on 4H,
and a completed double bottom formation.
I believe that the pair will grow now.
Goals: 1.1215 / 1.125
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
USD/CHF: Three black crows erase head-and-shoulders bottomThe dollar-franc pair ( USD/CHF ) is recording its third straight day of losses, and is about to form a "three black crows" pattern, which is characterized by three consecutive bearish red candlesticks with lower highs and lower lows.
A three black crows pattern typically indicates a bull trend reversal and a shift in trader sentiment. This pattern formation on USD/CHF also invalidates the false bullish signal that had been given by the formation of a head and shoulder bottom earlier this month.
MACD also shows a bearish crossover. The last time it happened in July the pair extended the downside movement.
USD/CHF is now testing the lows of August 19 and the next support is given by the psychological level of 0.95 which also corresponds to August 18's lows.
Fibonacci retracement between August 11 lows and September 6 highs has already exceeded the 50% key mark and now stands at 38.2%.
Below 0.95, next supports are given by 0.9491 (23.6% Fibonacci) and 0.9372 which would then complete the retracement to July lows.
Idea written by Piero Cingari, forex and commodity analyst at Capital.com
CAD-CHF Risky Short! Sell!
Hello,Traders!
CAD-CHF broke out of the rising channel
So I am bearish biased on the pair
But I think that we will first see a move up
To retest the broken support line of the channel
And only then the price will go down
Towards the target level below
Sell!
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💵Canadian Dollar/Swiss Franc 💵 Analyze(Double Top Pattern)🗻🗻
It seems that the Canadian Dollar/Swiss Franc is currently making a double top pattern.
Since the slope of the price approaching the neckline at the Top 2 is more significant than Top 1, as well as the divergence between the two tops, I predict that the neckline will be broken, and the Canadian Dollar/Swiss Franc will go down to the support zone and target of the pattern.
It is better to look for confirmation of a valid break of the neckline in lower time frames.
🔅Canadian Dollar/Swiss Franc (CADCHF) Timeframe 1H⏰.
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.
CADCHF: Very Bearish Setup 🇨🇦🇨🇭
CADCHF is trading in a horizontal trading range for 2 weeks.
Approaching its resistance, the price formed a double top formation.
The price broke and closed below its neckline this morning.
The price started to fall sharply after a retest.
I expect a bearish continuation to 0.74 level now.
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
USD/CHF -8/9/2022-• 4H chart is showing some signs of bullish exhaustion
• Correction likely soon
• Minor triple top
• Resistance line since May 22 broken with confirmation
• Bullish bias supported by the green trend line support
• As long as bulls manage to stay above the green line, buy the dips
• Only sell if bears manage to fade the breakout and bring prices back down below the red resistance line
USD/CHF -8/9/2022-• Triangle pattern explained + measurement method
• On the weekly chart, while ago, a triangle formation can be seen
• Breakout can be either way
• In the above case, the breakout was to the upside, supported by strong fundamentals in favor of the dollar
• Traders should wait for a successful breakout before placing any trade
• Breakout was confirmed by several bars above the upper trend line resistance
• Buy order is placed upon the breakout, and the measurement method is applied for profit taking
• What is the measurement method?
• It is the distance between the lowest point in the triangle and the first high, the widest distance in other words
• In this case, the length is 700 pips, so we project this distance from the breakout point
• We get the target around parity, which was reached accurately at a later stage