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Swissfranc

USDCHF Is it experiencing a pattern change?The USDCHF pair has been trading within a Channel Down pattern since the August 11 2022 Low. Such a long-term pattern is difficult to break but according to the 1D MACD and RSI indicators, the pair may be experiencing a pattern change. As you can see, the 1D MACD is about to form a Bullish Cross, the lowest since July 27, which was soon after the last Lower Low on the Channel Down. Along with the fact that the 1D RSI breached through the 30.00 oversold barrier and rebounded exactly on the same level as the July 13 Low, we have a strong case for a new bottom, which is not consistent with a Channel Down Lower Low. As a result a new Channel Up (dotted lines) may be emerging and our trading plan involves buying now at the (potential) Higher Low and targeting the top (Lower Highs trend-line) of the long-term Channel Down at 0.91175, which is also Resistance 1. If on the other hand Support 1 (0.85500) breaks, we will take the loss on the buy and go short instead, targeting the bottom of the Channel Down at 0.81250, which is also the 1.618 Fibonacci extension. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
HelenP. I Swiss Franc can start grow to resistance levelHi folks today I'm prepared for you Swiss Franc analytics. A few time ago price fell to resistance 2, which coincided with the resistance zone and trend line. After this, CHF rebounded from the trend line and tried to rise, but failed and in a short time declined lower than resistance 2, thereby breaking it. Next, the price reached the trend line and at once rebounded to the resistance zone, after which it made a strong impulse down back to the trend line. The Swiss Franc bounced and continued to decline near this line to resistance 1. When the price reached this level, it first declined lower and soon rose back, but not long ago it declined back yet, thereby breaking resistance level 1 too. At the moment, Swiss Franc trades close to the trend line and I think that price can start to rise to resistance level and try to break it. After a breakout, the Swiss Franc can make a retest and then continue to move up, therefore I set my target at the 0.8830 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
1
✈️CADCHF can go UP by Falling Wedge Pattern✈️🔄 CADCHF re-entered the 🟢 Support zone(0.648CHF-0.645CHF) 🟢 after experiencing a 🐻 Bear Trap 🐻. 💡Also, CADCHF seems to have succeeded in forming a Falling Wedge Pattern , so the upper line of this pattern was broken hours ago. 💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys . 🔔I expect CADCHF to GO UP in the coming days and may rise to 🔴 Resistance zones 🔴. Canadian Dollar/Swiss Franc Analyze ( CADCHF) 4-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. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
1
Swiss Franc can rebound up from buyer zone to 0.8900Hello traders, I want share with you my opinion about Swiss Franc. Looking at the chart, we can see how the price some days ago made an upward impulse to the 0.9015 resistance level, which coincided with the seller zone and soon broke it. After this price some time traded near and then rose to the resistance line of the triangle. Then Swiss Franc rebounded from this line and fell to the support line, thereby breaking the 0.9015 resistance level again. Price tried to back up, but failed and made a strong downward impulse to the current 0.8840 resistance level, thereby exiting from the triangle and entering to range as well. In range, CHF declined to 0.8840 level and a not long time ago it broke this level too. And now, the price trades below the 0.8840 level in the buyer zone inside the range. In my mind, the Swiss Franc can rebound up from the buyer zone to the top part of the range, thereby breaking the resistance level. For this case, I set up my target at the 0.8900 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
1
AUDCHF On the verge of a strong move.The AUDCHF pair has been trading within a Channel Down since February's High and currently sits just below its top (Lower Highs trend-line). Having formed a 1D MA50/ 100 Bullish Cross and tests the Lower Highs for the 3rd time in 2 months, it is highly likely to finally break the bearish trend upwards. We will only buy though above the 1D MA200 (orange trend-line) and aim towards Resistance 1 at 0.61500. Until this break-out, we will follow the long-term bearish Channel Down and short aiming at 0.53500 (-9.09% similar to the two previous bearish sequences). ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
Some of the Reasons Why We Are Selling This PairThis pair has witnessed a large amount of back-and-forth swings in the last couple of days. We witnessed price fluctuations that resulted in a direction switch over and over again. Right now, we are going to ignore all other timeframes and look at this market analysis from a 4-hour perspective. On the 4-hour chart, we can see that the market is on a down PB from weeks ago. As of last week, we had marked out our zone in the PB from which we looked to see a reversal. Yesterday saw prices rally all the way up into our zone, and from there, as expected, the market began to show signs of bearish reversals. In a bid to catch that bearishness, we were able to jump on that trade using the panzy pips trade system. The trade is expected to dip all the way down to the 4-hour liquidity target below. Now it is also important to look at the charts from multiple timeframes at the same time, so forget my earlier statement that we would only pay attention to the 4-hour chart. You all should know by now that that was a joke. So let's look at the 1-hour perspective. On the 1-hour chart, the market is bullish, with 2 PBs to the top. The 4-hour bearish impulse has experienced a good amount of support around the 1-hour PB zone (the zone is not marked out on the chart, to keep the charts clean). There is obviously a good deal of support around that level, and we believe it is because of the 1-hour zone. We would be expecting prices to breach that level and continue to dip all the way to our 4-hour liquidity level. But where that fails and the zone holds, prices would be expected to rally all the way to the top to liquidate the 1-hour target, which is the 4-hour zone, while at the same time threatening the daily timeframe zone.
Short
by PanzyPips