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!!
Usd-chf
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.
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.
USDCHF:Dead Dollar performance against the classicsHey Traders, in today's trading session we are monitoring USDCHF for a selling opportunity around 0.86500 zone, USDCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.86500 support and resistance zone.
Trade safe, Joe.
USDCHF Potential UpsidesHey Traders, in today's trading session we are monitoring USDCHF for a buying opportunity around 0.89300 zone, USDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.89300 support and resistance zone. If bulls are confirmed i would consider 0.90500 as a target as it's considered the next major resistance area USDCHF will be facing.
Trade safe, Joe.
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.
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!❤️
USD/CHF short ideaHello Traders
Our technical view has been shown in the chart.
If you like it then Support us by Like, Following, and Sharing.
Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
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:
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USDCHF Potential UpsidesHey Traders, in today's trading session we are monitoring USDCHF for a buying opportunity around 0.9 zone, USDCHF was trading in a downtrend and successfully managed to break it out. Currently we are waiting for a correction in order to see a potential retrace of the trend towards more highs.
Trade safe, Joe.
USDCHF potential sellAfter price broke structure to the downside with momentum, it preceded to retrace. It formed liquidity the process that it preceded to take, mitigating a previously established supply area in the process. It has currently broken structure to the downside and could potentially retrace one more time to mitigate supply on lower timeframe before further expansion, giving us an opportunity to capitalize on this confirmation entry.
USDCHF - Trend-Following Sell Setup ↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
After rejecting a weekly resistance, USDCHF has been overall bearish trading inside the falling broadening wedge pattern in red, and it is currently approaching around the upper trendline.
Moreover, the zone 0.904 is a resistance zone.
🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper red trendline.
As per my trading style:
As USDCHF approaches the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
USDCHF to find sellers at previous support?USDCHF - 24h expiry
Daily signals are bearish.
Broken out of the channel formation to the downside.
Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end.
The bearish engulfing candle on the 4 hour chart is negative for sentiment.
20 1day EMA is at 0.8993.
We look to Sell at 0.8993 (stop at 0.9017)
Our profit targets will be 0.8933 and 0.8923
Resistance: 0.8985 / 0.9000 / 0.9020
Support: 0.8970 / 0.8950 / 0.8930
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.
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.
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Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
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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
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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.
I Cannot Long This !!!Hello
The USDCHF currency pair is in a bearish phase by reaching a PRZ zone.
⭐ Bearish signs in the PRZ region are:
- Trend line
- Descending channel breaking
- Moving MA50
- Weekly pivot
-Fibo 50%
⭐ and the downward signals of market momentum are:
- Hidden Divergence in MACD
- Time divergence in the last 2 waves
➡️Note that you should wait for the break of the trend line and pullback to it, or enter the market after seeing strong bearish candles.
✅If this post was useful for you, like it ❤️ and if you think it is useful for your friends, be sure to send it to them.
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
🌍Thank you for seeing idea .
Have a nice day and Good luck.
USDCHF to 0.885 this week - you?For Day 33/100 of our challenge, we will dive into USDCHF downside risks for the week ahead:
Technicals:
- Overall downtrend
- Resistance created on previous support 0.91
- Break of 0.90 key level via bearish impulse
- Looking to enter on 0.90 retest / 62% fib
- Weekly target at 0.885
- Trade invalid if 0.905 breaks to the upside
Fundamentals:
🇺🇸 Rate markets not convinced of Fed's proposal of two more rate hikes. Failure to convince this week will weigh on USD
🇨🇭 Expected to raise rates by 25bp this week and remain with hawkish narrative. Other EZ central banks raising rates this week will also help CHF gain some strength potentially.
What's your take?
Like and follow for daily high-quality trade ideas!
USDCHF to stall at previous resistance?USDCHF - 24h expiry
Short term bias has turned negative.
Broken out of the channel formation to the downside.
Previous resistance located at 0.9060.
We look for a temporary move higher.
Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 0.9060, resulting in improved risk/reward.
We look to Sell at 0.9059 (stop at 0.9084)
Our profit targets will be 0.8999 and 0.8989
Resistance: 0.9045 / 0.9060 / 0.9075
Support: 0.9030 / 0.9015 / 0.9000
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.
USDCHF Downside PotentialHey Traders! 👋
For Day 26/100 of our challenge, we will look at USDCHF for downside potential this week/month
Technicals:
- Overall downtrend
- 62% fib Retracement
- 0.91 key level rejection
- Target 0.885 for June
Recently breaking short term upside momentum with a daily bearish engulfing.
That's all for Day 26. Have a great Sunday and hope you start your market prep for the coming trading week!
Will USDCHFs bearish momentum continue?USDCHF - 24h expiry
Broken out of the channel formation to the downside.
A break of the recent low at 0.9035 should result in a further move lower.
The bearish engulfing candle on the 4-hour chart is negative for sentiment.
We look for losses to be extended today.
The primary trend remains bearish.
We look to Sell a break of 0.9028 (stop at 0.9057)
Our profit targets will be 0.8972 and 0.8962
Resistance: 0.9100 / 0.9120 / 0.9140
Support: 0.9086 / 0.9063 / 0.9050
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.