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Swissfranc

CADCHF About to turn bullish long-term.The CADCHF pair Has been trading within a Channel Down pattern since January 2023 but recently it has shown growing signs that the long-term bearish trend is coming to an end. First of all, it formed the first Golden Cross on the 1D time-frame since April 01 2022. Since then, it has held the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) as Supports. The strongest bullish development is that it turned the 1W MA50 (red trend-line), where it was rejected on September 29 2023, from a long-term Resistance to Support. The last time that this series of events happened following a 1D Golden Cross, was within December 2020 - January 2021. Even the 1D RSI fractals between the two are similar. What the past fractal did after turning those MAs into Supports, was rally aggressively above the previous Resistance. As a result we turn bullish now on this pair, expecting the Channel Down to break upwards, and target 0.69650 (Resistance 1). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
2
AUDCHF: Strong bounce inside this Megaphone.AUDCHF is bullish on its 1D technical outlook (RSI = 60.496, MACD = 0.002, ADX = 32.323) after a strong bounce and closing above the 1D MA500. The dominant Bullish Megaphone pattern made its previous HH on the 2.0 Fib extension and a new 1D MACD Bullish Cross has validated that it now sets course for the new HH. We target again the 2.0 Fib (TP = 0.61550) which is just under the R1 level. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
HelenP. I Swiss Franc will make retest, and then rebound upHi folks today I'm prepared for you Swiss Franc analytics. Some time ago price declined to support 2, which coincided with the support zone, and soon broke this level and fell even lower support zone. But later CHF turned around and rose to this area and some time traded in, after which price even rose higher to support 2, but soon declined back. After this movement, CHF made strong impulse up to resistance zone, thereby breaking two support levels, after which price made correction movement. Then the price rose back to the resistance area and some time traded in, after which the Swiss Franc corrected move to 0.9080 points, after which the price tired to back up to the resistance area, but failed and made an impulse down to the trend line. Next, the price started to trades in an upward pennant, where the price in a short time rose to support 1, broke it and at the moment, CHF continues to trades inside resistance zone. So, in my mind, the Swiss Franc will make a retest, after the breakout and then continue to move up. Also, I think that the price can exit from the pennant, so, I set my target at 0.9175 points. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
USDCHF - Price can exit from pennant and fall to $0.9065Hi guys, this is my overview for USDCHF, feel free to check it and write your feedback in comments👊 Recently price started to trades in flat, where it first declined to support level, which coincided with support area. After this, CHF rose to $0.9090 level, but soon turned around and in a short time fell back to $0.9015 level. Price some time traded near this level and later made a strong upward impulse, breaking $0.9090 level and exiting from flat. Later, price formed pennant pattern, where it first made correction to $0.9090 level and then rose to resistance line of pennant. But a not long time ago, Swiss Franc fell to support area and now trades close, so I think it can reach resistance line. Then CHF can bounce down to $0.9065, exiting from pennant and breaking support level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Short
by WalterMoon
EURCHF: Channel Down top. Sell.EURCHF is approaching the top of the multi year Channel Down pattern with 1D on bullish technicals (RSI = 66.643, MACD = 0.006, ADX = 55.830) but with a weekly chart almost overbought. The 1D RSI has already posted its first LL which suggest an underlying Bearish Divergence. We turn bearish on this pair targeting the 0.5 Fibonacci (TP = 0.9600) like the previous corrective wave did. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
Swiss Franc can exit from pennant and try to break support levelHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price some time ago broke the support level, which coincided with the buyer zone and rose a little higher, after which CHF made a retest to the 0.8840 level. Then, the price entered an upward pennant and made at once strong impulse up from the support line to the current support level, which coincided with the support area, but when CHF reached this level, it made a fake breakout and fell below. After this, the Swiss Franc in a short time rose back to the 0.9000 level and broke it, after which continued to move up. But soon, the price rebounded down to the support area, where it some time traded and then rose to the resistance line of the pennant. Next, CHF turned around and declined back to the support area, where at the moment, it continues to trades near the support level and line of pennant. In my opinion, the Swiss Franc can rise from the support line to almost the resistance line of the pennant and then rebound down to 0.8935 points, thereby exiting from this pattern and breaking the current support level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
AUDCHF 1D Golden Cross signaling a decline. Best sell in market.The AUDCHF pair has just formed a Golden Cross on the 1D time-frame but even though it is theoretically a bullish structure, it hasn't historically behaved as such for this pair. We view its effect on the 1W time-frame in order to go as back in time as possible and get conclusions. In the past 10 years (since the May 2014 1D Golden Cross, which was bullish) there have been 5 such formations, all of which made the pair peak either before or on the Cross and delivered a Lower Low, in some instances even with brutal sell-offs. In the last 2 occurrences, the 1D Golden Cross started Channel Down declines that both hit at least the 1D MA200 (orange trend-line) again before any trend change. As a result, we comfortably turn bearish now on AUDCHF, targeting the 1D MA200 by August. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
EURCHF: Very Bullish Outlook 🇪🇺🇨🇭 EURCHF is trading in a strong bullish trend on a daily. After the pair set a new higher high, it retraced to a solid rising trend line. Analyzing the reaction of the price to that, I spotted a double bottom pattern on a 4H time frame. With the release of CHF/EU fundamentals this morning, the pair successfully violated its neckline. We can expect a bullish movement at least to 0.9773 ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
1
HelenP. I Swiss Franc can rebound from support level to $0.9075Hi folks today I'm prepared for you Swiss Franc analytics. Some time ago price made little correction movement, after which turned around and in a short time rose to support 2, which coincided with the support zone and started to trades in this area. Later, CHF broke support 2 and made a retest, after which rebounded and tried to rise more but failed and declined back to support 2, which moment coincided with the trend line. Then the price rebounded from this line and made impulse up to support 1, which coincided with one more support zone and even entered to this area, but at once turned around and quickly declined below. But some time later, CHF finally broke support 1, made a retest, and continued to rise to 0.9070 points, after which and recently fell to the support zone, which coincided with the trend line. Now, the price continues to trades near this line and I expect that Swiss Franc will fall to the support level and then rebound up. For this reason, I set my target at the 0.9075 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
CHFJPY Hit the 1D MA200 after 1 year!The CHFJPY pair almost hit the 172.500 Target that we set on our previous call (December 19 2023, see chart below): Since then it has pulled back significantly, giving rise to a new Channel Up pattern. The major development is that it is about to touch the 1D MA200 (orange trend-line) for the first time since April 06 2023. We are prepared to buy after it breaks, at the bottom (Higher Lows trend-line) of the Channel Up, or if the 1D RSI hits the bottom of its Channel Down first, and target the Higher Highs at 173.500. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
EURCHF Wait for the perfect long-term Sell.The EURCHF pair is trading within a Channel Down pattern since the September 26 2023 Low. The current Bullish Leg is approaching the first 1D Golden Cross since February 06 2023, which was formed after the last Lower High on the 1.5 Fibonacci extension. That (Fib 1.5 ext) is the ideal sell entry, which is currently at 0.9900 but the Risk/ Reward Ratio is good enough for a long-term sell even on the current levels. Our Target is the Channel's median at 0.95650, a little over the 0.618 Fibonacci level. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
USDCHF - Price can little correct and then continue move upHi guys, this is my overview for USDCHF, feel free to check it and write your feedback in comments👊 Some days ago price entered a rising channel, where it declined to support line and then bounced up to $0.8580 level. Then price broke this level and later made retest, after which CHF rose to $0.8880 level, but at once bounced below. Price declined to support line of rising channel and then made upward impulse back to $0.8880 level and broke it. After this movement, CHF fell to support area, but soon turned around and continued to move up. Not long ago, Swiss Franc rose a little and started to fall, so I think that price can fall almost to support level. Also then CHF can turn around and continue to move up to $0.9130 resistance line of rising channel. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
1