USDCHF potential bullish bounce | 4th Feb 2022On the H4 timeframe,price is abiding to the daily ascending channel signifying an overall bullish momentum. We can expect the price to bounce from pivot level in line with 78.6% Fibonacci projection and 61.8% Fibonacci retracement towards take profit level in line with 61.8% Fibonacci projection and previous swing high. Our bullish bias is further supported by the MACD indicator where the MACD line is above the signal line.
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.
Usd-chf
USDCHF Sell a break of yesterday low.USDCHF - Intraday - We look to Sell a break of 0.9199 (stop at 0.9216)
There is no indication that the selloff is coming to an end.
A break of yesterdays low would confirm bearish momentum.
A break of bespoke support at 0.9200, and the move lower is already underway.
We look for losses to be extended today.
Our profit targets will be 0.9152 and 0.9142
Resistance: 0.9220 / 0.9240 / 0.9260
Support: 0.9200 / 0.9180 / 0.9150
USDCHF Intraday Long Opportunity Welcome back! Here's an analysis of this pair!
**USDCHF - bullish trend on Daily and 4 hr, price above 50 MA, rejection right below 50% fib, wick rejection at support.
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USDCHF Sell a break setup.USDCHF - Intraday - We look to Sell a break of 0.9289 (stop at 0.9307)
We are trading at overbought extremes.
A higher correction is expected.
A break of the recent low at 0.9290 should result in a further move lower.
Our profit targets will be 0.9241 and 0.9231
Resistance: 0.9320 / 0.9340 / 0.9360
Support: 0.9290 / 0.9270 / 0.9250
USDCHF a turn at the 0.786 🦐USDCHF on the 4h chart is providing a potential long opportunity in the next few hours.
The price after the recent low at the 0.91000 area created a wave that retraces exactly until the 0.786 Fibonacci level that starts a possible higher high higher low move.
How can we approach this scenario?
The market is now approaching the resistance structure and a break above will be needed to consider a long position.
After the break we will check if the pair will provide us a retest of it and at that moment we will check for the application of the Academy rules to 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.
USDCHF | Approaching to Key LevelUSDCHF is trading in a range on daily time frame and approaching to it overhead resistance. This resistance is not broken from April of last year.
Two senarios to look here.
a) Bullish: The price action will take a stop a bit at resistance zone and then starts its upward journey again. The upside looks good if it manages to break the resistance.
b) Bearish: The price action will take a hit and price reverses. One can do short from the top with stoploss on top of resistance.
Trade your levels accordingly.
UISDCHF potential for reversal | 28th JanPrice is near sell entry level of 0.93177 which is also 127.2% Fibonacci retracement. Price can potentially dip to the take profit level of 0.92766 which is also 100% Fibonacci projection and 23.6% Fibonacci retracement. Our bearish bias supported by the stochastic indicator as it is at 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.
USDCHF bearish continuation | 27th Jan 2022Price is abiding to the descending channel, signifying overall bearish momentum. We can expect price drop from pivot level in line with 78.6% Fibonacci projection and 161.8% Fibonacci extension towards potential take profit in line with 78.6% Fibonacci projection. 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.
USDCHF bearish continuation | 26th Jan 2022On the H4 timeframe, price is abiding to a descending channel , signifying a bearish momentum. Price is reacting at pivot level , we can expect price to drop from pivot level in line with 127.2% Fibonacci extension and 100% Fibonacci projection towards take profit level in line with 61.8% Fibonacci projection . Our bearish bias is further supported by the stochastic indicator where the %K line is abiding to the descending trendline resistance.
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 bearish continuation | 26th Jan 2022On the H4 timeframe, price is abiding to a descending channel, signifying a bearish momentum. Price is reacting at pivot level , we can expect price to drop from pivot level in line with 127.2% Fibonacci extension and 100% Fibonacci projection towards take profit level in line with 61.8% Fibonacci projection. Our bearish bias is further supported by the stochastic indicator where the %K line is abiding to the descending trendline resistance.
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 approaching pivot, potential for a drop! Description
Price is reacting below our pivot level at 0.92016 which is in line with 127.2% Fibonacci extension level, 100% Fibonacci extension level & horizontal swing high resistance. Price can potentially take support at 0.9145, which is in line with horizontal overlap support, 61.8% Fibonacci retracement level. Alternatively, price may rise up to our resistance at 0.92285, which coincides with 127.2% Fibonacci extension level and horizontal overlap resistance . This is further supported by how price is likely to reverse off the RSI resistance level.
Pivot:
0.92016
Why we like it:
127.2% Fibonacci extension level, 100% Fibonacci extension level & horizontal swing high resistance
1st Support:
0.91450
Why we like it:
horizontal overlap support, 61.8% Fibonacci retracement level
1st Resistance:
0.92285
Why we like it:
127.2% Fibonacci extension level and horizontal overlap resistance
Trading FX & CFDs carries high risk.
The competition between the dollar and the franc is very tough!
Let me describe USDCHF in one word: “GOLD-Related”
Since more than 25% of Switzerland's money is backed by gold reserves, gold has a negative correlation with USD/CHF. When gold goes up ( so CHF does), USD/CHF goes down. When gold goes down, USD/CHF goes up.
So, analyze XAUUSD before entering any position in this pair and remember, GOLD price is highly related to the news.
After all, we are around an almost strong level, You can enter a long position after confirmation.
Breaking the downtrend level is necessarily.
Important resistance on the way are WVMA of 100 4H and a static levels around 0.9235.
I suggest a two level TP points.
USDCHF short-term bullish bounce | 24th Jan 2022On the H4 timeframe, price is abiding to a descending channel , signifying a bearish momentum. However, we can expect price to make a short-term bullish bounce from pivot in line with 78.6% Fibonacci retracement towards take profit level in line with78.6% Fibonacci projection and 50% Fibonacci retracement . Our short-term bullish bias is further supported by stochastic indicator where the %K line is approaching 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
USDCHF short-term bullish bounce | 24th Jan 2022On the H4 timeframe, price is abiding to a descending channel, signifying a bearish momentum. However, we can expect price to make a short-term bullish bounce from pivot in line with 78.6% Fibonacci retracement towards take profit level in line with78.6% Fibonacci projection and 50% Fibonacci retracement. Our short-term bullish bias is further supported by stochastic indicator where the %K line is approaching 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
#USDCHF approaching pivot, potential for a drop! Description
Price is reacting below our pivot level at 0.9145 which is in line with 50.0% Fibonacci retracement level and horizontal swing low support. Price can potentially take support at 0.91971, which is in line with horizontal swing low support, 200% Fibonacci extension level. Alternatively, price may rise up to our resistance at 0.91745, which coincides with 78.6% Fibonacci retracement level and horizontal overlap resistance . This is further supported by how price is now holding below the Ichimoku cloud resistance.
Pivot:
0.91450
Why we like it:
50.0% Fibonacci retracement level and horizontal swing low support
1st Support:
0.91971
Why we like it:
horizontal swing low support, 200% Fibonacci extension level
1st Resistance:
0.91745
Why we like it:
78.6% Fibonacci retracement level and horizontal overlap resistance
Trading FX & CFDs carries high risk.
USDCHF, Develops Main Bear-Flag, Important Perspectives!Hello,
Welcome to this analysis about USDCHF on the 4-hour timeframe perspectives. As when looking at my chart we can watch there how USDCHF recently increased with bearishness in the structure and fell below the 0.9175 support which now confirmed as a main resistance. From there on USDCHF moved on to form this main potential bear flag formation in which USDCHF emerged with a wave count within the formation and already almost completed it. This potential flag formation together with the initial impulse to the downside are forming the first waves A and B of the main wave count. If USDCHF now increases with bearishness further and finally breaks down below the lower boundary of the channel this will complete the whole formation as a bear flag and USDCHF will continue down the line to approach the lower bear flag target zone marked in red in my chart. When the whole bear flag formation has been completed it is also likely that USDCHF continues with increased bearishness. Once the targets have been reached the situation needs to be elevated again and USDCHF needs to show if it manages to reverse in there or when this does not happen and USDCHF breaks below the level a bearish continuation and extension of the wave C will be indicated.
In this manner, thank you for watching the analysis, all the best!
"The high destiny of the market is to explicate rather than to speculate."
Information provided is only educational and should not be used to take action in the markets.
#USDCHF approaching pivot, potential for a drop! Description
Price is reacting below our pivot level at 0.91818 which is in line with 50.0% Fibonacci retracement level and horizontal overlap resistance. Price can potentially take support at 0.90971, which is in line with horizontal swing low support. Alternatively, price may rise up to our resistance at 0.92007, which coincides with 61.8% Fibonacci retracement level and horizontal overlap resistance . This is further supported by how price is now holding below the Ichimoku cloud resistance.
Pivot:
0.91818
Why we like it:
50.0% Fibonacci retracement level and horizontal overlap resistance
1st Support:
0.90971
Why we like it:
horizontal swing low support
1st Resistance:
0.92007
Why we like it:
61.8% Fibonacci retracement level and horizontal overlap resistance
Trading FX & CFDs carries high risk.
USDCHF potential for further downtrend | 20th JanPrice is trading in a descending channel and near sell entry price of 0.91750 which is also 38.2% Fibonacci retracement . Price can potentially dip to the take profit level of 0.90860 which is also 127.2% Fibonacci projection . 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
USDCHF potential for further downtrend | 20th Jan Price is trading in a descending channel and near sell entry price of 0.91750 which is also 38.2% Fibonacci retracement. Price can potentially dip to the take profit level of 0.90860 which is also 127.2% Fibonacci projection. 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
USDCHF potential for further downtrend |19th JanPrice is trading in a descending channel and near sell entry price of 0.91750 which is also 38.2% Fibonacci retracement. Price can potentially dip to the take profit level of 0.90860 which is also the graphical overlap support and 127.2% Fibonacci projection. Our bearish bias is supported by the stochastic indicator as it is at 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