USDCHF potential for dip | 8th MarchPrice is trading in a triangle and near pivot level of 0.92679 in line with 78.6% Fibonacci projection. Price can potentially dip to the take profit level of 0.91714 in line with 78.6% Fibonacci projection. Our bearish bias is supported by the stochastic indicator as price is at resistance level.
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Usd-chf
USDCHF potential for bounce | 4th MarchPrice is abiding by an ascending trendline and near buy entry level of 0.91692 in line with 78.6% Fibonacci retracement. Price can potentially go to the take profit level of 0.92278 in line with 50% Fibonacci retracement and 61.8% Fibonacci projection. Our bullish bias is supported by the RSI indicator as it is abiding by an ascending trendline.
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 further uptrend | 3rd MarchPrice is abiding by an ascending trendline and near buy entry level of 0.91988 in line with 50% Fibonacci retracement . Price can potentially go to the take profit level of 0.92618 in line with 78.6% Fibonacci retracement and 78.6% Fibonacci projection . Our bullish bias is supported by RSI indicator as it is abiding by a ascending trendline.
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 further uptrend | 3rd MarchPrice is abiding by an ascending trendline and near buy entry level of 0.91988 in line with 50% Fibonacci retracement. Price can potentially go to the take profit level of 0.92618 in line with 78.6% Fibonacci retracement and 78.6% Fibonacci projection. Our bullish bias is supported by RSI indicator as it is abiding by a ascending trendline.
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 Short AnalysisUSDCHF is currently in ranging on the daily timeframe,
For now the pair has reached a strong resistance area that the market respected several times in the past.
Rejection has been going and the market has been unable to break the resistance.
if the the market respects the structure, we should wait to retest the resistance and short this pair.
On the the other hand, what is interesting is that the market seems to be making Head and shoulders if it is able to reach our support line. then we can still stay in short of this pair for the longer term.
In anyways, good luck and stay safe!!
What is your analysis on USDCHF?
USDCHF potential for bounce | 1st MarchPrice near buy entry price of 0.91679 in line with 78.6% Fibonacci retracement. Price can potentially go to the take profit level of 0.92222 in line with 50% Fibonacci retracement. Our bullish bias is supported by the stochastic indicator as it is near support level.
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 is on bearish momentum! | 24th Feb 2022Prices are on bearish momentum and abiding to our descending trendline. We see the potential for a short from our sell entry at 0.92253 in line with 50% Fibonacci retracement towards our Take Profit at 0.91515 in line with 100% Fibonacci extension . Our bearish bias is further supported by prices trading below our ichimoku cloud resistance and RSI being at levels where dips previously occurred.
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 is on bearish momentum! | 24th Feb 2022Prices are on bearish momentum and abiding to our descending trendline. We see the potential for a short from our sell entry at 0.92253 in line with 50% Fibonacci retracement towards our Take Profit at 0.91515 in line with 100% Fibonacci extension. Our bearish bias is further supported by prices trading below our ichimoku cloud resistance and RSI being at levels where dips previously occurred.
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 aiming at 0.9000 long-term.Another fractal from the past on this 1W chart for USDCHF. The price is currently testing the 1W MA50 (blue trend-line) as Support after a consolidation period of around 6 months. In May 2019, when this Channel broke to the downside, the pair targeted the 0.786 Fibonacci retracement level. This is currently at 0.90230.
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AUDCHF aiming for 0.6000 at leastAUDCHF has been trading inside a Channel Down since the February 2021 peak, so essentially for exactly 1 year. The 1W MA50 (blue trend-line) has been the Resistance for the better part of this Channel.
The whole price action since the COVID crash market bottom is similar to the 2011/2012 period, where the pair also formed a Channel Down following a market crash. The Channel Down broke and the price hit the 0.618 and 0.786 Fibonacci retracement levels successively before a (rather minor) rebound. A repeat of that means that we should be targeting 0.6080 and 0.5795 respectively.
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USDCHF can move to the 4h support? - UPDATE -🦐USDCHF after our previous analysis broke the ascending trendline and retested it as expected.
The price has tested the 0.382 at the trendline and is now trading above a minor support.
How we can approach this scenario?
We will wait for the European market open and check if the bear pressure will push the price below the 4h structure, in that case, we'll consider opening a short position according to the Plancton Academy rules.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
💡Don't miss the great sell opportunity in USDCHFTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (0.9191).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDCHF is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 25.
Take Profits:
TP1= @ 0.9159
TP2= @ 0.9138
TP3= @ 0.9108
TP4= @ 0.9084
TP5= @ 0.9051
SL: Break Above R2
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. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
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Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
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ForecastCity English Support Team ❤️
💡Don't miss the great sell opportunity in USDCHFTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (0.9191).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDCHF is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 24.
Take Profits:
TP1= @ 0.9159
TP2= @ 0.9138
TP3= @ 0.9108
TP4= @ 0.9084
TP5= @ 0.9051
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
USDCHF can move to the 4h support? 🦐USDCHF on the 4h chart has tested the weekly descending trendline and couldn't break above.
The price has tested the 0.618 and the 0.5 fib level retracement and then turned to the minor ascending trendline in yellow
How we can approach this scenario?
We will wait for a break of the counter trendline and check if the bear pressure will push the price below the 4h structure, in that case, we'll consider opening a short position according to the Plancton Academy rules.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
USDCHF potential for dip |15th FebPrice is near sell entry level of 0.92788 in line with 23.6% Fibonacci retracement and 61.8% Fibonacci projeciton. Price can potentially dip to the take profit level of 0.91784 in line with 61.8% Fibonacci retracement and 61.8% Fibonacci projection. Our bearish bias is supported by the RSI indicator as it is abiding by a descending trendline.
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.
Pullback Buy In The USD/CHFIt was an epic CPI Thursday on the markets and now we’re in rebound mode. For the USD/CHF, rates are back in range of a key support level:
Daily 62% Retracement, 0.9222
If we see the Swissy test the 0.9225 area, be on the lookout for a bullish bounce. Here's the trade:
1) Buy 0.9227
2) Stop loss at 0.9212
3) 1:1 risk vs reward, 15/15 pips
USDCHF awaiting bullish confirmation | 9th FebPrice is near buy entry level of 0.92590 which is also 50% Fibonacci retracement. Price can potentially go to the take profit level of 0.93187 which is also 61.8% Fibonacci extension and 78.6% Fibonacci retracement. Our bullish bias is supported by the ichimoku cloud indicator.
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.