USDCHFUSDCHF has been examined in different dimensions:
1- Strong supply and demand levels that I identify with my own indicator and system.
2- The structure of recently formed waves
3- Current market momentum
4- The structure of classical and price patterns
In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis.
In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram.
⚠️ Disclaimer:
This is a personal opinion and you are responsible for any trading decisions.
Usd-chf
USDCHF Potential BreakoutHey Traders, Above is a technical overview on USDCHF and the most important zone to watch. USD short term bears are kicking in as the market is pricing too much USD strength. following this scenario if we get a dip below 0.927 we will be looking for a potential retrace around that zone as it has been rejected multiple times as it's mentioned in the chart. keep in mind the risky macro context we are going through this week including Fed speech tomorrow and NFP on Friday also CPI data the coming week!
USDCHF Potential Forecast Pre-CPI | 6th March 2023Fundamental Backdrop
1. CHF's CPI is going to be released at 3.30pm SGT.
2. The CPI accounts for a majority of overall inflation
3. This affects The Swiss National Bank's decision on raising or lowering interest rates
3. Will update more when the CPI is released
Technical Confluences
1. Price is currently heading towards the support at 0.93500 which coincides with the 23.6% Fibonacci line
Idea
If the CPI released is worse than expected/previous, expect CHF to drop towards the support at 0.93500 which coincides with the 23.6% Fibonacci line.
Alternatively, if the CPI is better, price could head back up towards the resistance at 0.94000
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.
USDCHFUSDCHF Long-Term Perspective macro chart on the left side
USDCHF can continue its current rejection on 0.94200 all the way down to 0.92000 psychological level which can create a long opportunity around the area on the lower time frame for another Bullrun to the main target which is around 0.95500
USDCHF lower time frame (minor chart on the right side)
For now, looking for short opportunities for the bearish continuation till the highlighted key area which overlaps with the area on the left-hand side chart and my Long-Term Perspective
USDCHF, H1 | Wait for the bounceWe're eyeing the major support at 0.9353 which is a swing low support that price has bounced from multiple times in the past. If prices do inch down to here, we could see a bounce minimally to 0.9385 which is the 38.2% Fibonacci retracement.
Failure to bounce from here could see prices drop to major support at 0.9331.
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USDCHF intraday dips attract buyers.USDCHF - Intraday - We look to Buy at 0.9371 (stop at 0.9347)
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.
Preferred trade is to buy on dips.
There is no clear indication that the upward move is coming to an end.
Daily signals for sentiment are at oversold extremes.
Our profit targets will be 0.9431 and 0.9441
Resistance: 0.9430 / 0.9450 / 0.9470
Support: 0.9420 / 0.9400 / 0.9380
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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.
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USDCHF, H4 | Bearish divergence drivng the dropWe're seeing price react off our sell entry at 0.9429 which is a multiple swing high resistance + bearish divergence vs stochastic. Prices could fall to our take profit target at 0.9356 which is a multiple swing low target that coincides with the 38.2% Fibonacci retracement.
In terms of stop loss, we're keeping it tight at 0.9460 which coincides with a swing high back in 06 December 2022.
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.
USDCHFUSDCHF has been examined in different dimensions:
1- Strong supply and demand levels that I identify with my own indicator and system.
2- The structure of recently formed waves
3- Current market momentum
4- The structure of classical and price patterns
In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis.
In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram.
⚠️ Disclaimer:
This is a personal opinion and you are responsible for any trading decisions.
USDCHF Potential Forecast | 1st March 2023Fundamental Backdrop
1. CHF's CPI increased to 0.6% from previous -0.2%.
2. This shows that inflation is increasing which might cause the Swiss National Bank to raise interest rates. 3. Overall with the continued strengthening of the DXY, I'm expecting USDCHF to continue bullish.
Technical Confluences
1. The overall bias for USDCHF on the H4 chart is bullish.
2. To add confluence to our bias, price is above the Ichimoku cloud and along an ascending trend-line.
3. Expecting price to head towards the resistance level at 0.94560.
Idea
Price is currently at a key resistance at 0.94. Looking for price to break above 0.94150 before price can possibly continue bullish towards the next resistance level at 0.94560.
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 looking up 🦐USDCHF on the 4h chart creates a series of lower low lower high inside a descending channel .
After the test of the support level at the 0.91 zone the market create an impulse to the upside and is currently testing the previous higher low at a daily resistance zone .
If the market is able to successfully break above the structure, it could signal that the upward momentum is strong, and that the market is likely to continue moving higher.
In this scenario, a trader could enter a longg order when the market breaks above the confluence zone according to the Plancton's strategy rules, with the expectation that the upward trend will continue.
USDCHFUSDCHF is Creating a long opportunity by developing the 5-0 harmonic pattern which is a continuation of shark harmonic pattern
Therefore, entering a long position on 0.922000 with take profit levels at 0.93230 & 0.93800 could be a high potential long setup to consider
Enter: 0.92200
TP1: 0.93230
TP2: 0.93800
SL: With your own risk management
USDCHFThis situation has been examined in different dimensions:
1- Strong supply and demand levels that I identify with my own indicator and system.
2- The structure of recently formed waves
3- Current market momentum
4- The structure of classical and price patterns
In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis.
In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram.
⚠️ Disclaimer:
This is a personal opinion and you are responsible for any trading decisions.
if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ❤️️
USDCHF looking up 🦐USDCHF on the 4h chart creates a series of lower low lower high inside a descending channel .
After the test of the support level at the 0.91 zone the market create an impulse to the upside and is currently testing the previous higher low at a daily resistance zone.
If the market is able to successfully break above the structure, it could signal that the upward momentum is strong, and that the market is likely to continue moving higher.
In this scenario, a trader could enter a long order when the market breaks above the confluence zone according to the Plancton's strategy rules, with the expectation that the upward trend will continue.
USDCHF long idea.This appears to be a promising breakout pattern. The price is currently at a support level, and if it shows upward momentum instead of breaking below, it indicates that the support zone is being respected. A break above the bearish trend line would suggest a higher chance of price increase.
USDCHF: Multi year Head and Shoulders formingThe USDCHF pair is forming the Right Shoulder of a Head and Shoulders pattern. For many weeks now it has found Support and is turning sideways within the Shoulders Rectange and can trade within that range for as long as 6 months. This is an excellent sideways trading opportunity. Proof that 1D is technically neutral (RSI = 50.834, MACD = -0.001, ADX = 17.742).
When broken, we will turn bearish aiming slightly above the S1 (TP = 0.89750) and S2 (TP = 0.88300).
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USDCHF - Waiting For The RetestHello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
USDCHF is still overall bearish trading inside the red falling broadening wedge and channel in red, and it is currently approaching the upper red trendlines .
Moreover, the zone 0.935 - 0.94 is a strong weekly resistance zone .
🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green resistance resistance zone and upper red trendlines . (acting as non-horizontal resistance)
As per my trading style:
As USDCHF is sitting around the upper purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
And of course, in parallel, as USDCHF approaches the blue support 0.91 we will be looking for buy setups.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich