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Swissfranc

GBPCHF Rejection on the 1D MA200. 1-month downtrend ahead.The GBPCHF pair got rejected yesterday on the 1D MA200 (orange trend-line) and today is on the strongest recent red 1D candle that is about to test the 1D MA50 (blue trend-line) as a Support. Basically, the Bearish Megaphone pattern I presented more than two months ago is still intact, hitting all targets: As you see, the price hasn't yet broken above the Lower Highs trend-line of the pattern and the new rejection on the 1D MA200 serves as the latest Lower High. A break below the 1D MA50 and potentially subsequent Lower Highs on the 1D RSI, should serve as confirmation of a test of the 1.21000 Support. That is our short-term target. Based on the previous Lower Low sequence, we can even see an extension towards the 2.0 Fibonacci level. That is currently at 1.1950. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
Short
by TradingShot
4
MarketBreakdown | EURUSD, GBPUSD, USDCHF, GBPCHF Hey traders, here is a brief technical outlook of 4 peculiar instruments in my watch list. 1️⃣ EURUSD - Daily time frame 🇺🇸🇯🇵 After setting a new lower low lower close on a daily, EURUSD is retracing. The price is approaching a strong structure resistance at the moment. For now, I remain bearish biased and look for a confirmation to short from the underlined structure. Its bullish breakout, however, may trigger a further bullish continuation. 2️⃣ GBPUSD - Daily time frame 🇬🇧 🇺🇸 The market is trading in a long-term bearish trend. The price is stuck within a descending triangle formation. Its support breakout will trigger a trend-following movement while a bullish breakout of a trend line will lead to a correctional movement. 3️⃣ USDCHF - Daily time frame 🇨🇭🇺🇸 The pair set a new higher high higher close on a daily. Now the market is approaching a broken resistance. I believe that soon the pair will keep growing. 4️⃣ GBPCHF - Daily time frame 🇬🇧🇨🇭 The market is trading in a long-term bearish trend. Recently the market retraced to a strong daily structure resistance. From that, I am looking for a confirmation to short. Chances are high to see a trend-following movement from that. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Short
by VasilyTrader
5
GBPCHF: Bearish Outlook 🇬🇧🇨🇭 Hey traders, GBPCHF reached a key daily structure resistance yesterday. Taking into consideration that the pair is trading in a long-term bearish trend, chances are high to see a bearish move from that. On an hourly time frame, the price formed a double top formation and broke a support line of a rising wedge pattern. I expect a bearish continuation now to 1.235 1.2285 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Short
by VasilyTrader
7
Strong Buy on GBPCHFThe institutional price level of 1.21000 is a very significant level since it's a quarterly low. The price has been on an uptrend forming Bullish Orderblocks which are being respected by price. I am anticipating that the Bearish OB which the price is at now will also be taken out so that the buyers can take the price up to the equal highs at level 1.26020. Also, according to the global rates, the pound is stronger than the Swiss Franc. The pound is at 0.75% while the Swiss is at -0.75% Like and Subscribe.
Long
by El_Chapo_Jr
USDCHF..... THE MISCHIEVOUS ONEHello Fam, I'm here again with an update on this pair. I was thinking that this short move will happen earlier but guess what, the market makers showed that they are not ready. Hope you guy didn't short just yet as the market is not even ready based on structure. Anyways, in the chart you can see my outlook of this pair. if the market breaks that zone, I will be going for the kill but we need to see the market change structure. I will keep you posted when I decide to place my limit order. Regards, David
Short
by jabariofafrica
CHFJPY Correction ahead.The CHFJPY pair has been on a strong rally that smashed through our target on the last analysis: Right now the price formed a new Channel Up, remaining within a Fibonacci Channel where it broke above the 1.5 Fib extension and almost reached as high as the 2.0. However with the RSI hitting its October 20 2021 Resistance and the MACD forming a Bearish Cross, we have a strong set of indicators pointing towards a pull-back similar to June 2021 and August 2020. On both of those correction phases, the price pulled-back to at least the 0.5 Fibonacci retracement level. Currently that is on 126.565. It might make contact with the 1D MA200 (orange trend-line) there. If broken, the last Support is the 0.618 Fib at 124.455. After that correction we expect the pair to continue its long-term bullish trend. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
Short
by TradingShot
4