Usd-chf
USDCHF feels a need of correction before further upsidesHey Traders, in today's trading session we are monitoring USDCHF for a buying opportunity around 0.90100 zone, USDCHF is trading in an uptrend and currently seems to be in a correction phase in which it is approaching the major trend at 0.90100 support and resistance zone.
Trade safe, Joe.
USDCHF broke down from the bullish channel.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 0.9033 (stop at 0.9058)
Our profit targets will be 0.8973 and 0.8963
Resistance: 0.9066 / 0.9085 / 0.9100
Support: 0.9035 / 0.9020 / 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 continues to rise in a bullish channelUSDCHF - 24h expiry
Our short term bias remains positive.
Trading within a Bullish Channel formation.
Trend line support is located at 0.9051.
Previous resistance at 0.9060 now becomes support.
50 4hour EMA is at 0.9060.
We look to Buy at 0.9063 (stop at 0.9033)
Our profit targets will be 0.9138 and 0.9148
Resistance: 0.9116 / 0.9148 / 0.9160
Support: 0.9100 / 0.9065 / 0.9040
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 Weekly Forecast CPI | 4th June 2023Fundamental Backdrop
CPI m/m expected to increase 0.3% on Monday
Technical Confluences
Current resistance level at 0.90856
Next resistance at 0.92158
Near-term support level at 0.89876
Idea
If the CPI increases at 0.3% as expected or more, we could see the price break the current resistance at 0.90856, before heading towards the next resistance at 0.92158.
However, if the CPI decreases instead, we could see price drop and head towards the near-term support level at 0.89876
NOT FINANCIAL ADVICE DISCLAIMER
The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas.
We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades.
Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks.
OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
USDCHF Potential UpsidesHey traders, In today's trading session we are monitoring USDCHF for a buying opportunity around 0.90500 zone, USDCHF is trading in an uptrend and currently seems to be in a correction phase in which it is approaching the major trend at 0.90500 support and resistance zone.
Trade safe, Joe.
USDCHF is still in a positive channel.USDCHF -24h expiry
Our short-term bias remains positive.
Intraday dips continue to attract buyers and there is no clear indication that this trading sequence is ending.
50 4-hour EMA is at 0.9031.
Trend line support is located at 0.9030.
We look to buy dips.
We look to Buy at 0.9031 (stop at 0.9006)
Our profit targets will be 0.9091 and 0.9101
Resistance: 0.9088 / 0.9100 / 0.9120
Support: 0.9070 / 0.9055 / 0.9030
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 Bullish above the 1D MA50, bearish below it.The USDCHF pair is trading within a Channel Down pattern since late November and it currently above the 1D MA50 (blue trend-line). As long as 1D candles close above it (1D MA50), we will stay bullish and target slightly below the 0.618 Fibonacci extension at 0.91850. A 1D candle close below it, will be a bearish break-out for us, targeting the Channel's recent Low at 0.88250.
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USDCHF Sell Forecast H4 | 30th May 2023Fundamental Backdrop
USD's CB Consumer Confidence is expected to drop from 101.3 - 99.1
It's a leading indicator of consumer spending, so a drop would show that overall economic activity has decreased
Technical Confluences
Resistance at 0.90600
Support at 0.90100
Idea
If the CB Consumer Confidence comes out as expected at a decrease, we could see price head towards the support at 0.90100.
NOT FINANCIAL ADVICE DISCLAIMER
The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas.
We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades.
Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks.
OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
USDCHF Potential UpsidesHey Traders, in today's trading session we are monitoring USDCHF for a buying opportunity around 0.90200 zone, USDCHF is trading in an uptrend and currently seems to be in a correction phase in which it is approaching the major trend at 0.90200 support and resistance area.
trade safe, Joe.
USDCHF in a positive channel.USDCHF - 24h expiry
Our short-term bias remains positive.
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
50 4-hour EMA is at 0.9018.
Trend line support is located at 0.9008.
We look to buy dips.
We look to Buy at 0.9018 (stop at 0.8993)
Our profit targets will be 0.9078 and 0.9088
Resistance: 0.9060 / 0.9075 / 0.9090
Support: 0.9040 / 0.9020 / 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 Potential UpsidesHey Traders, in today's trading session we are monitoring USDCHF for a buying opportunity around 0.90300 zone, USDCHF is trading in an uptrend and currently seems to be in a correction phase in which it is approaching the major trend at 0.90300 support and resistance zone.
Trade safe, Joe.
USDCHF - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
Here is a detailed update top-down analysis for USDCHF .
Which scenario do you think is more likely to happen? and Why?
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 support at trend line?USDCHF - 24h expiry - We look to Buy at 0.8963 (stop at 0.8938)
Short-term bias has turned positive.
Trend line support is located at 0.8960.
Intraday dips continue to attract buyers and there is no clear indication that this trading sequence is ending.
We are trading at oversold extremes.
We look to buy dips.
Our profit targets will be 0.9023 and 0.9033
Resistance: 0.8995 / 0.9025 / 0.9050
Support: 0.8975 / 0.8955 / 0.8941
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: Rejection on the 1D MA50. Sell.The USDCHF pair got rejected on Friday on the 1D MA50 and is extending those losses today. The long term pattern is a Channel Down and the currently neutral 1D time frame technically (RSI = 49.936, MACD = -0.001, ADX = 19.890) suggests that this is a strong sell entry. You can target S1 but we are willing to go marginally lowe on S2 (TP = 0.87610) based on the January bearish fractal.
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Uchf at a level interesting to watch too...watching 0.9 this area to hold.
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USDCHF to find support at previous resistance?USDCHF - 24h expiry
The previous resistance level of 0.9000 was broken.
We expect a reversal in this move.
A lower correction is expected.
We look to buy dips.
20 4-hour EMA is at 0.9005. Our outlook is bullish.
We look to Buy at 0.8995 (stop at 0.8970)
Our profit targets will be 0.9055 and 0.9065
Resistance: 0.9050 / 0.9062 / 0.9080
Support: 0.9042 / 0.9020 / 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 Potential UpsidesHey Traders, in today's trading session we are monitoring USDCHF for a buying opportunity around 0.89500 zone, USDCHF is trading in an uptrend and currently waiting for USDCHF correction by rejecting 0.901 area before reaching the major trend at 0.895 supply and demand zone.
Trade safe, Joe.
USDCHF Potential UpsidesHey Traders, in today's trading session we are monitoring USDCHF for a buying opportunity around 0.89 zone, USDCHF is trading in an uptrend and currently seems to be in a correction phase in which it is approaching the major trend at 0.89 support and resistance are, once bulls are confirmed i would consider 0.9 zone as a target as it's consider the next major resistance are USDCHF will be facing.
Trade safe, Joe.
USDCHF: Channel Down but MA200 (4h) determines the tradeThe USDCHF is trading inside a Channel Down, with the recent rebound on the MA50 (4h) bringing the price at the top of the pattern.
The MA200 (4h) is about to be tested for the first time in seven weeks and is the pivotal level for the short term trend.
Trading Plan:
1. Buy if the price closes a (4h) candle over the MA200.
2. Sell as long as it closes under it.
Targets:
1. 0.91200 (Resistance 1).
2. 0.88190 (Support 1).
Tips:
1. RSI (4h) showing a similar formation as the Channel's previous High.
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Notes:
Past trading plan:
USD/CHF Price Analysis: SHORTHouse Speaker McCarthy said the debt limit can't pass without dealing with the budget.
The USD/CHF pair has rebounded after a corrective move to near 0.8930 in the early Asian session. The Swiss Franc asset has sensed buying interest amid an absence of a clear path for an increase in the US debt-ceiling limit. House Speaker McCarthy said the debt limit can't pass without dealing with the budget, as reported by Bloomberg.
The US Dollar Index (DXY) has taken a sigh of relief amid a delay in the increase of the debt ceiling limit as an occurrence that will impact the long-term rating of the United States economy and will impact the US Dollar and domestic equities.
USD/CHF has recovered sharply after a Double Bottom chart formation on a four-hour scale near 0.8863. The Swiss Franc asset is aiming to conquer the downward-sloping trendline plotted from March 08 high at 0.9439.
The major has climbed above the 20-and 50-period Exponential Moving Averages (EMAs) at 0.8921 and 0.8935 respectively, indicating solid short-term upside bias.
USDCHF Sell under the 1day MA50The USDCHF pair is repeating a pattern we identified last time from late 2022.
After the Triangle's Support broke, the price formed a Channel Down that hit Fibonacci 2.0.
We have already achieved Fibonacci 1.5 on the previous trade and Fibonacci 2.0 is at 0.8700.
Target this as long as the 1day candle keeps closing under the 1day MA50.
Previous chart:
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