USDCHF Potential for Bullish Continuation | 26th Sept 2022On the H4 chart, prices are moving in an ascending manner hence we are bullish biased. we're looking at a break out buy entry at 0.9850 levels where my 78.6% projection sits to take profit at 1.0020 where the previous swing high sits and stop loss placed at 0.9756 where the 23.6% retracement sits
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Usd-chf
Usd/chf analysis Hello Traders, here is the full analysis for this pair, let me know in the comment
section below if you have any questions, the entry will be taken only if all rules of
the strategies will be satisfied. I suggest you keep this pair on your watchlist and
see if the rules of
your strategy are satisfied. Please also refer to the Important
Risk What you can afford to lose
Buying USDCHF on dips.USDCHF - Intraday - We look to Buy at 0.9623 (stop at 0.9599)
Short term oscillators have turned positive.
Short term bias is mildly bullish.
We look to buy dips.
We look for a temporary move lower.
Our profit targets will be 0.9679 and 0.9689
Resistance: 0.9660 / 0.9680 / 0.9700
Support: 0.9640 / 0.9620 / 0.9600
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USDCHF Potential For Bullish RiseOn H4, with the price breaking the ichimoku cloud and RSI is showing an ascending trendline, we have a bullish bias that the price may rise to the buy entry at 0.96778, which is in line with the 50% fibonacci retracement. If the buy entry is broken, the take profit could be at 0.97841, where the 78.6% fibonacci retracement is. Alternatively, the price may drop to the stop loss at 0.958938, where the 38.2% fiboancci retracement is.
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Today’s Notable Sentiment ShiftsUSD – The world’s reserve currency remained supported throughout Thursday, as expectations for further aggressive policy tightening from the FOMC were reinforced by an unexpected rebound in Retail Sales data.
CHF – The Swiss Franc hit its highest level against EUR since 2015 on Thursday, supported by an increasingly hawkish outlook for the SNB.
Indeed, according to Reuters, money markets have now fully priced in 75 basis points of tightening for the central bank at next week’s meeting.
Buying USDCHF at market.USDCHF - Intraday - We look to Buy at 0.9613 (stop at 0.9588)
The bullish engulfing candle on the daily chart is positive for sentiment.
20 4 hour EMA is at 0.9613.
Price action is forming a bullish flag which has a bias to break to the upside.
We look for gains to be extended today.
Our profit targets will be 0.9673 and 0.9683
Resistance: 0.9640 / 0.9660 / 0.9690
Support: 0.9620 / 0.9600 / 0.9580
USDCHF Potential For Bearish ContinuationOn H4, with the price moving below the ichimoku cloud and Stoch is above 80, we have a bearish bias that the price may drop from the sell entry at 0.96551, which is in line with the previous swing highs and 50% fibonaci retracement to the take profit at 0.95087, which is in line with the swing low. Alternatively, the price may rise to the stop loss at 0.97560, where the pullback resistance and 78.6% fibonacci retracement are.
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 Potential for Bullish Continuation| 15th September 2022On the H4 chart, price is moving in a strong ascending trend hence we are bullish bias- we are looking for a breakout buy entry at 0.9623 where the 38.2% retracement sit to take profit at 0.9693 with stop loss placed at the previous swing low at 0.9550
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 H4: Bearish outlook seen, further downside below 0.9710On the H4 time frame, prices are facing bearish pressure from its resistance zone at 0.9710, in line with the 61.8% Fibonacci level where we could see further downside to the support zone at 0.9500 which coincides with the Fibonacci confluence levels. Prices are holding below Ichimoku cloud as well supporting the bearish bias.
USDCHF in a Bull Flag formation.USDCHF - Intraday - We look to Buy a break of 0.9635 (stop at 0.9609)
Price action is forming a bullish flag which has a bias to break to the upside.
Short term momentum is bullish.
The bias is to break to the upside.
A break of yesterdays high would confirm bullish momentum.
Our profit targets will be 0.9696 and 0.9706
Resistance: 0.9630 / 0.9650 / 0.9670
Support: 0.9600 / 0.9580 / 0.9560
USDCHF Break-out and pull-back buy entries.The USDCHF pair found Support yesterday exactly on the 1D MA200 (orange trend-line), which was the level that provided the last big rally (August 11 - September 06) within the Channel Down pattern that it has been trading in since the May 16 High.
The rise however has so far stopped just below the 1D MA50 (blue trend-line), so there is no reason to rush into trades. It is best to take a break-out/ pull-back buy approach and buy either if the candle closes above the 1D MA50 or wait for a break below the 1D MA200, probably closer to the 1D MA300 (yellow trend-line). That would still not be a Lower Low for the Channel but we have to consider not just the Support Zone around 0.93700 but also the Higher Lows zone (dashed) that is holding since the January 06 2021 Low.
In both cases, our target would be the top (Lower Highs trend-line) of the Channel Down. In order to buy above this level, the pair needs to break the 0.98880 - 0.98700 Resistance Zone, which formed a Double Top on the previous High. On the other hand, in order to sell, we need to see a candle break below the Support Zone, in which case our target will be the bottom (Lower Lows trend-line) of the Channel Down.
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USDCHF Potential For Bearish DropOn H4, with the price moving below the ichimoku cloud and RSI is showing a descending trendline, we have a bearish bias that the price may drop from the sell entry at 0.96266, which is in line with the overlap resistance to the take profit at 0.95087, which is in line with the swing low. Alternatively, the price may rise to the 0.96710, where the 50% fibonacci retracement is.
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 Potential for Bullish Continuation| 14th September 2022On the H4 chart, price is moving in a strong ascending trend hence we are bullish bias- we are looking for a breakout buy entry at 0.9623 where the 38.2% retracement sit to take profit at 0.9698 with stop loss placed at the previous swing low at 0.9538
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 Potential for Bearish Continuation| 13th September 2022On the H4 chart, price is moving in a strong descending trend hence we are bearish bias- we are looking for a pull back sell entry at 0.9545 where the 61.8% retracement and 61.8% projection sits to take profit at 0.9468 where the 78.6% projection sits with stop loss placed at the 50% retracement level 0.9621
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 Sell into previous rallies.USDCHF - Intraday - We look to Sell at 0.9649 (stop at 0.9672)
Short term bias has turned negative.
Preferred trade is to sell into rallies.
Bespoke resistance is located at 0.9650.
0.9649 has been pivotal.
0.9651 has been pivotal.
Our profit targets will be 0.9592 and 0.9582
Resistance: 0.9600 / 0.9620 / 0.9650
Support: 0.9570 / 0.9550 / 0.9520
USDCHF Potential for Bearish Continuation| 12th September 2022On the H4 chart, price is moving in a strong descending trend hence we are bearish bias- we are looking for a pull back sell entry at 0.9623 where the 50% retracement sits to take profit at 0.9548 where the 61.8% retracement sits with stop loss placed at the 38.2% retracement level 0.9689
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 Potential for Bearish Continuation| 9th Sept 2022On the H4 chart, prices seem to have rejected the 0.9859 levels hence we are bearish bias- we are looking for a pull back sell entry at 0.9740 where the 23.6% retracement sits to take profit at 0.9626 where the 50% retracement sits with stop loss placed at the previous high 0.9859
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.
USDCHFHELLO GUYS THIS MY IDEA 💡ABOUT USDCHF is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the buyers from this area will be defend this long position..
and when the price come back to this area, strong buyers will be push up the market again..
UPTREND + Support from the past + Strong volume area is my mainly reason for this long trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
USDCHF Potential for Bearish Continuation| 8th September 2022On the H4 chart, prices seem to have rejected the 0.9859 levels hence we are bearish bias- we are looking for a pull back sell entry at 0.9859 to take profit at 0.9742 where the 23.6% retracement sits with stop loss placed at the previous high 0.9990
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 M30: Bearish outlook seen, further downside below 0.9830On the M30 time frame, a pullback to the resistance zone at 0.9830, in line with the Fibonacci confluence levels presents an opportunity to play the drop to the next support target at 0.9700 which is also the resistance-turned-support graphical zone and 61.8% Fibonacci retracement level. A break below the downside confirmation level at 0.9765 could provide the bearish acceleration to the support zone at 0.9700. Prices are holding below the Ichimoku cloud as well supporting the bearish bias.
USD/CHF Outlook (7 September 2022)The USDCHF had been climbing strongly but recently the upside move had been resisted by the 0.9852 price area. Above that, the next resistance price level is at 0.9887, last tested on 14th July.
As multiple double top patterns forms (purple and orange boxes), look for the USDCHF to trade lower, with the first key support level at 0.9765 and 0.9752 (23.6% fib level).
USDCHF Potential For Bullish RiseOn H4, with the price moving above the ichimoku cloud and ascendingh trendline, we have a bullish bias that the price may rise from the buy entry at 0.98848, which is in line with the swing high to the 1.00412, where the previous significant swing high is. Alternatively, the price may drop to the stop loss at 0.97545, which is in line with the 23.6% fibonacci retracement.
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.