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Usd-chf

USDCHF multiple failures on a key trend-line. Bearish long-term.The USDCHF pair has been under the selling pressure of a multi-year Lower Highs trend-line since the April 22 2019 1W candle. Since the market bottom of the January 04 2021 1W candle, the pair has came close to that trend-line first on March 29 and then more recently from September 27 until the current week. As you see all those attempts to break and close a weekly candle above that multi-year bearish trend-line have failed. Even though we got breaks on Sep 27 Nov 22 and the current week, they all quickly reversed, thus failing the objective of closing a week above it and reverse this multi-year bearish sentiment. Multiple failures on such long-term time-frames usually create a very strong accumulation of sellers. With the 1W RSI on a bearish trend since Sep 13, and with the price having broken below the Higher Lows trend-line of the January 04 2021 bottom and the 1W MA50 (blue trend-line), I am expecting a strong dive towards the May 2021 Support Zone of 0.89800 - 0.89250. A 1W closing below 0.89800 should complete the reversal towards the 0.87600 market bottom. Notice that since March 2020, the multi-year Lower Highs trend-line is trading almost along the 1W MA100 (green trend-line), adding more to the selling pressure. Also notice how the Fibonacci retracement levels also play a key role on the rejections. The March 29 2021 1W candle got rejected near the 0.5 Fib and the Sep 27 and Nov 22 candles got rejected on the 0.382 Fib. Currently the price is supported since the August 16 2021 candle on the 0.236 Fibonacci retracement level. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Short
by TradingShot
5
USDCHF short-term bullish bounce | 13th Jan 2022Price is abiding to the descending channel, signifying an overall bearish momentum. However, we can expect price to make a bounce from pivot level in line with 78.6% Fibonacci projection and 78.6% Fibonacci retracement toward potential take profit level in line with 78.2% Fibonacci projection. Our short-term bullish bias is further supported by the stochastic indicator where the %K line is at the 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.
Long
by Rockqet
1
USDCHF bullish breakout | 12th Jan 2022Price broke out of the descending trendline resistance, signifying an overall bullish momentum. We can expect price to bounce from pivot level in line with 100% Fibonacci projection and 50% Fibonacci retracement towards take profit level in line with 127.2% Fibonacci projection . Our bullish bias is further supported by price holding above the ichimoku cloud . 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.
Long
by FXCM
USDCHF bullish breakout | 12th Jan 2022Price broke out of the descending trendline resistance, signifying an overall bullish momentum. We can expect price to bounce from pivot level in line with 100% Fibonacci projection and 50% Fibonacci retracement towards take profit level in line with 127.2% Fibonacci projection. Our bullish bias is further supported by price holding above the ichimoku cloud. 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.
Long
by Rockqet
#USDCHF approaching pivot, potential for rise! Description Price broke out of the descending trendline resistance, signifying an overall bullish momentum. We can expect price to bounce from pivot level at 0.92290 in line with 100% Fibonacci projection and 50% Fibonacci retracement towards 1st Resistance at 0.93040 in line with 127.2% Fibonacci projection. Our bullish bias is further supported by the price holding above the Ichimoku cloud. Alternatively, price could push down towards 1st Support at 0.91829 in line with 127.2% Fibonacci projection and 78.6% Fibonacci retracement. Pivot: 0.91829 Why we like it: Horizontal overlap support ,100% Fibonacci projection and 50% Fibonacci retracement 1st Support: 0.91829 Why we like it: horizontal swing low support 1st Resistance: 0.93040 Why we like it: Horizontal overlap resistance and 127.2% Fibonacci projection Trading FX & CFDs carries high risk.
Long
by VantageMarkets
USDCHF looking up 🦐USDCHF on the 4h chart is moving inside a descending channel. The price is now breaking the trendline and testing a 4h resistance. According to Plancton's strategy IF the price will break above and satisfy the Academy rules we will set a nice long order. --–– 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.
Long
by InkyGrip
28
USDCHF bullish breakout | 11th Jan 2022On the H4 timeframe, price recently broke out of the descending trendline resistance, signifying an overall bullish momentum. We can expect price to bounce from the pivot level in line with 23.6% Fibonacci retracement towards the take profit level in line with 127.2% Fibonacci projection . Our bullish bias is further supported by the Ichimoku cloud indicator where the price is holding above it. 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.
Long
by FXCM
3
USDCHF bullish breakout | 11th Jan 2022On the H4 timeframe, price recently broke out of the descending trendline resistance, signifying an overall bullish momentum. We can expect price to bounce from the pivot level in line with 23.6% Fibonacci retracement towards the take profit level in line with 127.2% Fibonacci projection. Our bullish bias is further supported by the Ichimoku cloud indicator where the price is holding above it. 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.
Long
by Rockqet
USDCHF bearish continuation | 10th Jan 2022Price is respecting the descending trendline resistance, signifying an overall bearish momentum. We can expect price to drop from the pivot level in line with 61.8% Fibonacci retracement towards take profit level in line with 127.2% Fibonacci projection and previous swing low. Our bearish bias is further supported by the stochastic indicator where the %K line is at the resistance 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.
Short
by FXCM
1
USDCHF bearish continuation | 10th Jan 2022Price is respecting the descending trendline resistance, signifying an overall bearish momentum. We can expect price to drop from the pivot level in line with 61.8% Fibonacci retracement towards take profit level in line with 127.2% Fibonacci projection and previous swing low. Our bearish bias is further supported by the stochastic indicator where the %K line is at the resistance 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.
Short
by Rockqet
#USDCHF approaching pivot, potential for a rise!Description Price has broken above our pivot level at 0.91806 which is in line with 38.2% Fibonacci retracement level and horizontal overlap support . We could potentially see a further rise from here towards 0.92697, which coincides with 61.8% Fibonacci retracement level and horizontal swing high resistance. Alternatively, we can expect price to drop to 1st support at 0.91376, which coincides with 78.6% Fibonacci retracement level and horizontal swing low support . This is further supported by how price is now holding above the Ichimoku cloud support. Pivot: 0.91806 Why we like it: 38.2% Fibonacci retracement level and horizontal overlap support 1st Support: 0.91376 Why we like it: 78.6% Fibonacci retracement level and horizontal swing low support 1st Resistance: 0.92697 Why we like it: 61.8% Fibonacci retracement level and horizontal swing high resistance Trading FX & CFDs carries high risk.
Long
by VantageMarkets
USDCHF potential for further downtrend |6th JanPrice is abiding by the descending trendline and near sell entry price of 0.91794 which is also 78.6% Fibonacci projection and 23.6% Fibonacci retracement . Price can potentially dip to the take profit level of 0.91042 which is the graphical swing low level. Our bearish bias is supported by the ichimoku cloud indicator as price is trading below it. 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.
Short
by FXCM
4
USDCHF potential for further downtrend |6th Jan Price is abiding by the descending trendline and near sell entry price of 0.91794 which is also 78.6% Fibonacci projection and 23.6% Fibonacci retracement . Price can potentially dip to the take profit level of 0.91042 which is the graphical swing low level. Our bearish bias is supported by the ichimoku cloud indicator as price is trading below it. 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.
Short
by Rockqet
2
USDCHF potential for further downtrend | 5th JanPrice is abiding by the descending trendline and near sell entry price of 0.91794 which is also 78.6% Fibonacci projection and 23.6% Fibonacci retracement. Price can potentially dip to the take profit level of 0.91042 which is the graphical swing low level. Our bearish bias is supported by the ichimoku cloud indicator as price is trading below it. 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.
Short
by Rockqet
#USDCHF approaching pivot, potential for a drop! Description Price is reacting below our pivot level at 0.91745 which is in line with 61.8% Fibonacci retracement level and horizontal overlap resistance. Price can potentially take support at 0.91107, which is in line with 127.2% Fibonacci retracement level and horizontal swing low support. Alternatively, price may rise up to our resistance at 0.91926, which coincides with 50.0% Fibonacci retracement level and horizontal swing high resistance . This is further supported by how price is now holding below the Ichimoku cloud resistance. Pivot: 0.91745 Why we like it: 61.8% Fibonacci retracement level and horizontal overlap resistance 1st Support: 0.91107 Why we like it: 127.2% Fibonacci retracement level and horizontal swing low support 1st Resistance: 0.91926 Why we like it: 50.0% Fibonacci retracement level and horizontal swing high resistance Trading FX & CFDs carries high risk.
Short
by VantageMarkets
USDCHF looking up 🦐USDCHF on the 4h chart is moving inside a descending channel. The price is now testing the upper trendline below a 4h resistance. According to Plancton's strategy IF the price will break above and satisfy the Academy rules we will set a nice long order. --–– 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.
Long
by InkyGrip
18
USDCHF, Bearish Continuation | 4th Jan 2022Price is abiding to the descending trendline resistance, signifying an overall bearish momentum. We can expect price to drop from the pivot level in line with 61.8% Fibonacci retracement and 127.2% Fibonacci projection towards 1st Support in line with 100% Fibonacci projection . Our bearish bias is further supported by the price holding below the Ichimoku Cloud . 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.
Short
by FXCM
2