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Usd-chf

SNB cuts again, CHF weakensThe Swiss National Bank came out again with another cut. This move weakened the CHF against its major counterparts. #usdchf FX_IDC:USDCHF EASYMARKETS:USDCHF Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
by easyMarkets
Target Reached! USDCHF ReviewPrice reversed beautifully from the sell entry level we forecasted at 0.8988 and has reached the take profit target of 0.8908. The important lesson here is to place your take profit before a key level (vs right at the key level). As you can see in this video, price touched the TP level and took off in the other direction - just missing this crucial bit of information would have been potentially costly. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party provider). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Name of third party provider. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Forex Capital Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM EU LTD (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM Australia Pty. Limited (www.fxcm.com): ** Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com FXCM Markets LLC (www.fxcm.com): Losses can exceed deposits.
Education
by FXCM
USDCHF, H4 | Reversal off key resistanceWe're seeing USDCHF test a key resistance level at the 0.8988 level which is a strong overlap resistance + 38% Fibonacci retracement and a 100% Fibonacci projection. On top of that, there's a bearish Ichimoku cloud that is contributing to prices being pushed down. If a reversal occurs from here, we could see it drop towards the 0.8907 level which is the recent swing low level. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party provider). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Name of third party provider. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Forex Capital Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM EU LTD (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM Australia Pty. Limited (www.fxcm.com): ** Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com FXCM Markets LLC (www.fxcm.com): Losses can exceed deposits.
Short
by FXCM
USDCHF D1 | Potential Reversal?Today we look at USDCHF on the D1 timeframe. There's a fair bit of resistance at the 0.9100 level where there's an overlap resistance, 23.6% Fibonacci retracement and a 50% Fibonacci retracement. The bearish momentum from the Ichimoku cloud could also nudge prices lower. A reversal from here could see prices drop to the major support level of 0.8871. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Short
by FXCM
USDCHF looking up 🦐USDCHF on the weekly chart found a bottom over the important support structure. The market from there started a nice impulse to the upside. On the 4h chart the price broke the retracement channel and tested the 0.618 Fibonacci level. Now we can expect a continuation to the upside and according to Plancton's strategy if the price will satisfy the conditions we can set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure.
Long
by InkyGrip
12
USDCHF facing bearish pressure | 4 May 2021USDCHF is facing bearish pressure from 100% Fibonacci extension and 127.2% Fibonacci retracement. Prices might push down towards horizontal swing low support in line with 38.2% Fibonacci retracement and 50% Fibonacci extension. If prices push up towards, prices might face resistance from horizontal swing high resistance in line with 161.8% Fibonacci retracement as well as 127.2% Fibonacci extension. Stochastics is also facing resistance from 90.52 level, showing a bearish pressure for prices.
Short
by FXCM
2
USDCHF facing bearish pressure | 15th Apr 2021Prices are facing bearish pressure from descending trend line resistance which is in line with horizontal swing high resistance, 50% Fibonacci extension and 78.6% Fibonacci retracement. Prices might push down towards 1st support which is in line with horizontal swing low support, 78.6% Fibonacci extension and 161.8% Fibonacci retracement. If prices push up further, it might face resistance from horizontal swing high resistance which coincides with 161.8% Fibonacci extension and 78.6% Fibonacci retracement. Stochastics is also facing resistance from 91.3 level.
Short
by FXCM
1
USDCHF facing bearish pressure | 9th Apr 2021Prices are facing bearish pressure from pullback resistance which is in line with 100% Fibonacci extension and 50% Fibonacci retracement. Prices might push down towards 1st support, in line with 78.6% FIbonacci extension and -27.2% Fibonacci retracement fibonacci confluence area. If prices push up further, prices might face resistance from 2nd resistance in line with 161.8% Fibonacci extension and 78.6% Fibonacci retracement. The Ichimoku cloud is above prices, showing a bearish pressure on prices.
Short
by FXCM
2
USDCHF is facing bullish pressure | 22 Mar 2021Prices are facing bullish pressure from ascending trendline support which coincides with our pivot level and 50% fibonacci extension as well as 78.6% fibonacci retracement. Prices might push up towards 1st resistance which coincides with 61.8% fibonacci extension and 161.8% fibonacci retracement. If prices break through the trendline, prices might take support on 1st support which coincides with 78.6% fibonacci retracement and 100% fibonacci extension. EMA is also below prices, showing a bullish pressure for prices.
Long
by FXCM
7
USDCHF facing bullish pressure | 25th FEB 2021USDCHF has broken through downtrend line on the daily timeframe. It has the potential to bounce from 1st support, which coincides with horizontal swing high and 61.8% Fibonacci extension level to the 1st resistance which is a Fibonacci confluence area of -27% Fibonacci retracement and 161.8% Fibonacci extension. If prices were to break through our first support, it will fall to 2nd support which coincides with horizontal swing high resistance as well as 78.6% Fibonacci retracement level
Long
by FXCM
3