USDCHF Expected to make a new Low.The USDCHF is under a Falling Resistance, remaining below both the 4hour MA50 and MA100.
As long as it is closing under the 4hour MA100, it is expected to make a new Low, much like the fractal of November/ December.
Target the Fibonacci 1.5 extension at 0.89350.
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USDCHF Potential DownsidesHey Traders, USDCHF is trading in a down trend and now seems to be in a correction phase in which extending pullbacks are approaching the major trend around 0.921 resistance zone. if the rejection is confirmed i would set 0.905 as a target as it's considered the next major support zone USDCHF will be facing. Fundamentally CHF is expected to be outperforming as it's considered a safe haven in current environment of uncertainty along with the Japanese Yen and the last dovish FOMC have triggered USD weakness and signaled less restrictive upcoming meeting.
trade safe, Joe.
USDCHF Potential DownsidesHey Traders, in today's trading session we are monitoring USDCHF for a selling opportunity around 0.915 zone, USDCHF was trading in an uptrend and successfully managed to breakout the major trend and now seems to be in a correction phase in which it approaching the retrace zone around 0.915 support and resistance area. Fundamentally CHF is still expected to outperform as it's considered a classic safe haven along with Federal reserve less restrictive monetary policy which is bearish on Dollar.
Trade safe, Joe.
USDCHF to form a higher low?USDCHF -
Trading has been mixed and volatile.
Daily momentum has stalled and our bias is now neutral.
Trend line support is located at 0.9150.
We look to buy dips.
A lower correction is expected.
24h expiry - We look to Buy at 0.9151 (stop at 0.9121)
Our profit targets will be 0.9221 and 0.9231
Resistance: 0.9226 / 0.9245 / 0.9260
Support: 0.9200 / 0.9180 / 0.9150
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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 on a confluence zone 🦐USDCHF on the chart shows how after the liquidity grab below the support area the price retest the weekly support with a potential double bottom.
The double bottom pattern is known as a reversal one and it plays better at the end of a downtrend as it this would be the case.
The price has now broken the previous lower high and is testing a crucial confluence area between a daily resistance and a descending trendline.
According to Plancton's strategy IF the market will be able to break above that area we can consider a nice long opportunity.
USDCHF potential downsidesHey Traders, in today's trading session we are monitoring USDCHF for a selling opportunity around 0.924 zone. USDCHF is trading in a downtrend and now seems to be in a correction phase in which pullbacks are extending and approaching the major trend around 0.924 support and resistance zone. we would also consider that CHF might strengthen as it's considered a safe haven in an environment full of uncertainty.
Trade safe, Joe.
USDCHF Potential DownsidesHey Traders, in the coming week we are monitoring USDCHF for a selling opportunity around 0.925 zone, USDCHF is trading in a downtrend and extending pullbacks seems to be approaching the major trend around 0.925 supply and demand zone. fundamentally CHF is considered a safe haven with current environment along with JPY so i expect both to be outperforming. and the last FOMC showed us fed pivoting path which should be bearish Dollar.
Trade safe, Joe.
USDCHF Potential DownsidesHey Traders, in today's trading session we are monitoring USDCHF for a selling opportunity around 0.925 zone, USDCHF shorts is one of the trades i want to consider as i expect some USD weakness with a potential FOMC dovishness. Considering also that CHF is a classic safe haven in such a risky environment so USDCHF shorts should be a perfect catch.
Technically we have noticed that USDCHF was trading in an uptrend and successfully managed to break it out prior to FOMC so i will be watching a potential retrace around 0.925 zone.
Trade safe, Joe.
USDCHF | COULD BE A GOOD SELL TRADEHey everyone a nice descending triangle into a new low does show bearish momentum, overall market direction is also bearish, stoploss covers 2 moving averages which should in theory hold well in this bear market. Tomorrow interest rate decision for US dollar HUGE news if anything changes, could get volatile.
USDCHF Outlook 21 March 2023The USDCHF has been trading within the narrow range of 0.93 and 0.9237 (which coincides with the 38.20% Fibonacci retracement level).
With the Swiss National Bank (SNB) interest rate decision due on Thursday, the USDCHF is likely to continue consolidating along this range.
As the directional bias of the USDCHF is heavily dependent on the volatility of the DXY, a breakout in the interim for the USDCHF is likely to be driven by a strong move on the DXY.
If the SNB hikes rates by 50bps as forecasted, taking interest rates to 1.50%, this could strengthen the CHF and see the USDCHF trade lower.
If the price breaks below the immediate support level of 0.9237, the next key support level is 0.91. However, watch out for possible hesitation at the interim support level and 61.8% Fibonacci retracement level of 0.9174.
USDCHF in descending triangle?USDCHF -
The primary trend remains bearish.
Our short term bias remains negative.
A break of the recent low at 0.9230 should result in a further move lower.
Expect trading to remain mixed and volatile.
We look for losses to be extended today.
24h expiry - We look to Sell a break of 0.9228 (stop at 0.9261)
Our profit targets will be 0.9146 and 0.9126
Resistance: 0.9300 / 0.9340 / 0.9360
Support: 0.9250 / 0.9230 / 0.9200
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 H4 | Reversal from a major level?Price has reversed from 1st resistance which is an overlap resistance
Entry: 0.9331
Why we like it:
There is an overlap resistance
Stop Loss: 0.9438
Why we like it:
There are multiple swings high resistance
Take Profit 0.9163
There is an overlap support
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Will USDCHF find support at oversold extreme?USDCHF - Intraday -
There is no sign that this bearish momentum is faltering but the pair has stalled close to a previous swing low of 0.9059.
We are trading at oversold extremes.
Bullish divergence is expected to support prices.
We look to buy dips.
With signals for sentiment at oversold extremes, the dip could not be extended.
We look to Buy at 0.9077 (stop at 0.9045)
Our profit targets will be 0.9157 and 0.9167
Resistance: 0.9145 / 0.9160 / 0.9180
Support: 0.9125 / 0.9110 / 0.9095
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 H4 | Potential bullish reversal Looking at the H4 chart, Price is approaching our buy entry at 0.9144 which is overlap support, if price were to reverse from this level, it could push up to our take profit at 0.9288 which is overlap resistance. Stop loss will be at 0.9059
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Joe Gun2Head Trade - Buying USDCHF at supportTrade Idea: Buying USDCHF
Reasoning: Found support at a 50% Fibonacci level
Entry Level: 0.9315
Take Profit Level: 0.9417
Stop Loss: 0.9277
Risk/Reward: 3:1
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USDCHF H4 | 10th MarchLooing at the H4 chart, price is testing our support level which we are looking for buy at 0.9283 which lines up with the 50% Fibonacci retracement which is overlap support. Stop loss will be at 0.91546 and take profit will be at 0.9436
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.
USDCHF for a possible bounceAfter price broke structure to the upside, it reacted off a higher timeframe supply which it used to retrace back towards the initial expansion that left behind a clean OB with an imbalance. Price then formed liquidity at both the top of the expansion and above this OB and is now looking to take it out with the assistance of the long term OB to continue to the upside and take out liquidity at the top too. NFP to possibly fuel this move too.
USDCHF H4 | Potential bullishPrice is approaching our overlap support, we could see it could potentially push up the next resistance
Entry: 0.9287
Why we like it:
There is an overlap support
Stop Loss: 0.9212
Why we like it:
There is a support level
Take Profit: 0.9440
Why we like it:
There is a stong resistance level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
USDCHF: Channel Up running out of fuel?The USDCHF pair is trading inside a Channel Up for the past month and the neutral technicals on the 1D time frame (RSI = 53.552, MACD = 0.004, ADX = 31.980) suggest that this is a buy opportunity. Righfully so the price is near the the bottom of the Channel and on a tight SL you can target the 0.382 Fibonacci, with the strongest Resistance being the 1D MA200 up ahead.
We believe the better trade is to short if this Channel Up breaks downwards and in particular under the 1D MA50. We expect to see a Support 1 test (TP1 = 0.9100) and if broken, move lower towards Support 2 (TP2 = 0.89500).
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USDCHF long after the break 🦐USDCHF after the rejection by the weekly resistance at the 0.94500 level retraced back exactly at the daily support over the 0.382 Fibonacci level.
The recent news makes the price bounce over it and we can see how a new test of the previous recent high in this moment.
Moreover the price shift the bias and we are in a bullish environment on the 4h hour time frame with a clear series of higher highs higher lows.
We will wait for a potential break of the weekly resistance and in that case we ll check for a nice long order according to the Plancton's strategy rules.
USDCHF to find resistance at previous support?USDCHF - Intraday - We look to Sell at 0.9348 (stop at 0.9375)
Short term bias has turned negative.
Our bespoke support of 0.9341 has been clearly broken.
Previous support at 0.9340 now becomes resistance.
50 4hour EMA is at 0.9350.
20 4hour EMA is at 0.9349.
Preferred trade is to sell into rallies.
Our profit targets will be 0.9281 and 0.9271
Resistance: 0.9315 / 0.9340 / 0.9360
Support: 0.9295 / 0.9275 / 0.9260
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.