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Usd-chf

USDCHF Approaching the 1D MA50 for the optimal sell entry.The USDCHF pair made a strong rejection near the top of the Channel Down pattern and hit our 0.88250 sell target as illustrated on our analysis 2 months ago (see chart below): The price is now rising again, after nearly the -0.5 Fibonacci extension for a Lower Low (same as the May 04 Lower Low). The most optimal sell entry is within the 1D MA50 (blue trend-line) and the 0.618 Fibonacci retracement level. That is located exactly at the top of the Channel Down. We will take that opportunity to sell and target 0.8300 (again near the -0.5 Fibonacci extension). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
1
USDCHF has turned positive.USDCHF - 24h expiry Short-term bias has turned positive. Price action has posted a Doji candle and signals a possible reversal of the recent trend. A lower correction is expected. We look to buy dips. 50 4-hour EMA is at 0.8677. We look to Buy at 0.8673 (stop at 0.8637) Our profit targets will be 0.8763 and 0.8773 Resistance: 0.8736 / 0.8750 / 0.8770 Support: 0.8700 / 0.8675 / 0.8660 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
USDCHF to correct to the upside?USDCHF - Intraday Broken out of the channel formation to the upside. Short term momentum is bullish. A break of yesterdays high would confirm bullish momentum. We are trading at oversold extremes. Trades at the lowest level in 105-months. We look to Buy a break of 0.8686 (stop at 0.8650) Our profit targets will be 0.8776 and 0.8796 Resistance: 0.8684 / 0.8700 / 0.8720 Support: 0.8656 / 0.8626 / 0.8600 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
USDCHF in a bearish channel at oversold extremes.USDCHF - 24h expiry We are trading at oversold extremes. The primary trend remains bearish. Trades at the highest level in 105 months. Trading within a Bearish Channel formation. Trend line resistance is located at 0.8607. There is no clear indication that the downward move is coming to an end. We look to Sell at 0.8607 (stop at 0.8639) Our profit targets will be 0.8527 and 0.8517 Resistance: 0.8575 / 0.8600 / 0.8630 Support: 0.8555 / 0.8530 / 0.8500 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
USDCHF Buy opportunity on extremely oversold levels.USDCHF is approaching the bottom of the year long Channel Down after an aggressive rejection on the MA100 (1d). The RSI (1d) is extremly oversold, close to 20.00. Trading Plan: 1. Buy on the current market price. Targets: 1. 0.88000 (expected contact with the MA50 1d near the top of the Channel Down). Tips: 1. The RSI (1d) gets rejected above its MA level and the 60.00 mark. Use it in addition to the MA100 (1d) rejection indication. Please like, follow and comment!!
Long
by TradingBrokersView
6
USDCHF trades at 105-month low.USDCHF - 24h expiry Trades at the lowest level in 101 months. There is no indication that the selloff is coming to an end. We look for a temporary move higher. Preferred trade is to sell into rallies. Broken out of the triangle formation to the downside. We look to Sell at 0.8686 (stop at 0.8716) Our profit targets will be 0.8616 and 0.8606 Resistance: 0.8631 / 0.8660 / 0.8690 Support: 0.8570 / 0.8550 / 0.8530 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
Forex: Dollar and Swiss FrancForex: Dollar and Swiss Franc It has been stuck in its own downward channel for more than 250 days. After 6 consecutive days of decline, on the last day of the working week (yesterday, Friday), Nan has given a good reaction to the midline of his descending channel, which according to the status of the RSI indicator, which is in its oversold zone, can be more hopeful for the end of the downward trend. . When the market reopens, wait for the confirmation candle and pin bar to open a suitable position (I hope it is long and possible targets have been determined). Don't forget capital management and compliance with risk to reward. Good luck and profitable.
Long
by mansour1978
1
Will USDCHF find buyers at trend line support?USDCHF - 24h expiry The bearish engulfing candle on the 4 hour chart is negative for sentiment. A higher correction is expected. Trend line support is located at 0.8940. Price action continued to range between key support & resistance (0.8910 - 0.9000) although we expect a break of this range soon. Expect trading to remain mixed and volatile. We look to Buy at 0.8944 (stop at 0.8919) Our profit targets will be 0.9004 and 0.9014 Resistance: 0.8990 / 0.9016 / 0.9030 Support: 0.8970 / 0.8940 / 0.8925 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
MarketBreakdown | Dollar Index, USDCHF, S&P500 Index, AUDJPY Here are the updates & outlook for multiple instruments in my watchlist. 1️⃣ Dollar Index (DXY) daily time frame 💲 The Index broke and closed above a resistance line of a falling expanding wedge pattern. It was retested on Friday. Probabilities are high, that a bullish movement will initiate from a broken trend line soon. 2️⃣USDCHF daily time frame 🇺🇸🇨🇭 The pair keeps consolidating. The market is stuck within a horizontal range. For now, the plan is to wait for a breakout of one of its boundaries. A bearish breakout of the support of the range will trigger a strong selloff, while a bullish breakout will be an important bullish signal. 3️⃣ S&P500 Index (SPY) daily time frame 💲 The market is currently testing a local daily high. If the price violates and closes above that, it will be a strong bullish signal. A bullish continuation will be expected then. 4️⃣ AUDJPY daily time frame 🇦🇺🇯🇵 The pair is trading in a long-term bullish trend. After the price set the last high, a correctional movement started. The pair formed a falling wedge pattern. Its resistance was broken last week. I believe that a trend-following movement will initiate soon. Do you agree with my market breakdown? ❤️Please, support my work with like, thank you!❤️
TVC:DXYLong
by VasilyTrader
10
USDCHF: On the verge of a breakout.USDCHF is trading on and under the 1D MA50 after the rejection on the 1D MA100 which also happened to be the top of the 1D Channel Down. The 1D technicals are neutral (RSI = 50.625, MACD = 0.000, ADX = 19.636) which indicates that the price will most likely commit to the direction of the next breakout. If it closes under the HL line, sell and target the 1.5 Fibonacci level (TP = 0.86550). If the candle closes over the 1D MA100 (hasn't done so since November 10th 2022), buy and target the 1D MA100 (TP = 0.92150). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope
2