#USDCHF approaching pivot, potential for a rise! Description
Price has broken above our pivot level at 0.91869 which is in line with 78.6% Fibonacci retracement level and horizontal swing low support . We could potentially see a further rise from here towards 0.92668, which coincides with 50.0% Fibonacci retracement level and horizontal swing high resistance. Alternatively, we may see price drop to 1st support at 0.91049, which coincides with horizontal swing low support . This is further supported by how price is testing the support of the stochastics indicator.
Pivot:
0.91869
Why we like it:
78.6% Fibonacci retracement level and horizontal swing low support
1st Support:
0.91049
Why we like it:
Horizontal swing low support
1st Resistance:
0.92668
Why we like it:
50.0% Fibonacci retracement level and horizontal swing high resistance
Trading FX & CFDs carries high risk.
Usd-chf
GBPCHF Long IdeaFollowing on from Tuesday's successful GBP CHF analysis, I believe that GBPCHF will re-test the 1.24 levels ahead of the UK's interest rate decision at 1:30 today. Across the pond, the Fed's policy decision regarding a faster taper surged the dollar and indices across the board. It's very likely for the BoE to follow in the Feds path in rising interest rates, if this is the case then Sterling Pairs are likely to surge. If the BoE decides not to increase inflation then this trade could go the other way. However, the price has just broken past the 1.226 resistance zone which provides me with confidence in the direction of this position.
USDCHF on a triangle pattern? 🦐USDCHF on the 4h chart is moving between 2 converging trendlines.
The price has bounced a few times over the support at the 0.618 Fibonacci level.
According to Plancton's strategy IF the market will break above the descending trendline and satisfy the ACADEMY rules we will set a nice long order.
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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 bearish momentum! | 15 Dec 2021Prices are on bearish momentum. We see the potential for a dip from our sell entry at 0.93057 which is an area of Fibonacci confluences towards our Take Profit at 0.91563 in line with 78.6% Fibonacci retracement . Technical indicators are showing bearish momentum.
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 momentum! | 15 Dec 2021Prices are on bearish momentum. We see the potential for a dip from our sell entry at 0.93057 which is an area of Fibonacci confluences towards our Take Profit at 0.91563 in line with 78.6% Fibonacci retracement. Technical indicators are showing bearish momentum.
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 rise!Description
Price has broken above our pivot level at 0.92254 which is in line with 38.2% Fibonacci retracement level and horizontal overlap support . We could potentially see a further rise from here towards 0.92668, which coincides with 50.0% Fibonacci retracement level and horizontal swing high resistance. Finally, we can expect price to take support at 0.91946, which coincides with 61.8% Fibonacci retracement level and horizontal swing low support . This is further supported by how price is now holding above the Ichimoku cloud support.
Pivot:
0.92254
Why we like it:
38.2% Fibonacci retracement level and horizontal overlap support
1st Support:
0.91946
Why we like it:
61.8% Fibonacci retracement level and horizontal swing low support
1st Resistance:
0.92668
Why we like it:
50.0% Fibonacci retracement level and horizontal swing high resistance
Trading FX & CFDs carries high risk.
#USDCHF approaching pivot, potential for a drop! Description
Price is reacting below our pivot level at 0.92242 which is in line with 38.2% Fibonacci retracement level and horizontal overlap resistance. Price can potentially drop to 1st support at 0.91713, which is in line with 127.2% Fibonacci extension level and horizontal overlap support. Alternatively, price may rise up to our 1st resistance at 0.92502, which coincides with 78.6% Fibonacci retracement level and horizontal swing high resistance . This is further supported by how price is now holding below the Ichimoku cloud resistance.
Pivot:
0.92242
Why we like it:
38.2% Fibonacci retracement level and horizontal overlap resistance
1st Support:
0.91713
Why we like it:
127.2% Fibonacci extension level and horizontal overlap support
1st Resistance:
0.92502
Why we like it:
78.6% Fibonacci retracement level and horizontal swing high resistance
Trading FX & CFDs carries high risk.
Wait for a sell signal in the sideways price zone with USDCHFH1 time frame.
Structure: Sideway structure with amplitude from 0.91600 to 0.92700.
At the current resistance area, the uptrend has weakened. There is a high probability that a divergence signal will form.
Wait for the divergence to complete and confirm the downside, then you can look for a selling opportunity with USDCHF.
The profit target is the 0.91600 price zone.
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Wish you all have a good trading day!
USD/CHF long SetupHello Traders
USD/CHF seems very good for buy.
-Price is moving inside of big upward channel.
-Also mid term trendline is rising.
-Price was consolidating in a ranging area then Finally broke out with sharp upward move.
-Furthermore RSI is rising.
Thanks for Reading
Team Fortuna
-RC
USD/CHF
One of my trades i took just a summary of what went well.
- Technicals and confluences were spot on.
- Good Risk Reward Ratio
- Can easily spot the support and resistance levels.
- Volume assisted the process very well.
- That week the dollar was deflated a little due to ongoing economic news. Oil & New covid variant Omicron.
- Either way the market makers rule follow the trend.
#USDCHF approaching pivot, potential for a drop! Description
Price is reacting below our pivot level at 0.92135 which is in line with 50.0% Fibonacci extension level and horizontal swing high resistance. Price can potentially drop to 1st support at 0.91553, which is in line with horizontal overlap support. Alternatively, price may rise up to our resistance at 0.92453, which coincides with 38.2% Fibonacci retracement level, horizontal overlap resistance & 78.6% Fibonacci retracement level . This is further supported by how price is now holding below the Ichimoku cloud resistance.
Pivot:
0.92135
Why we like it:
50.0% Fibonacci extension level and horizontal swing high resistance
1st Support:
0.91553
Why we like it:
horizontal overlap support
1st Resistance:
0.92453
Why we like it:
38.2% Fibonacci retracement level, horizontal overlap resistance & 78.6% Fibonacci retracement level
Trading FX & CFDs carries high risk.
USDCHF more downside coming>>>>>>>>>>>>>>>>
Hello there!
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
USDCHF Sell the top.USDCHF - Intraday - We look to Sell at 0.9352 (stop at 0.9369)
We are trading at overbought extremes.
Bearish divergence is expected to cap gains.
We look for a temporary move higher.
0.9368 has been pivotal.
Confidence is 40%
Our profit targets will be 0.9305 and 0.9295
Resistance: 0.9345 / 0.9350 / 0.9370
Support: 0.9330 / 0.9310 / 0.9290
USDCHF bullish momentum! | 3 Dec 2021Prices are consolidating in a triangle and abiding to our ascending trendline. We see potential for a bounce from our 1st support at 0.91900 which is an area of Fibonacci confluences and also graphical overlap towards our Take Profit at 0.92639 in line with 100% Fibonacci extension and 50% Fibonacci retracement. RSI is showing bullish momentum. Alternatively, our stop loss will be placed at 0.91574 which is an area of Fibonacci confluences.
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 0.92231 which is in line with 61.8% Fibonacci retracement levelhorizontal overlap resistance. Price can potentially take support at 0.91693, which is in line with horizontal overlap support. Alternatively, price may rise up to our resistance at 0.92453, which coincides with 38.2% Fibonacci retracement levelhorizontal overlap resistance & 78.6% Fibonacci retracement level . This is further supported by how price is now holding below the Ichimoku cloud resistance.
Pivot:
0.92231
Why we like it:
61.8% Fibonacci retracement levelhorizontal overlap resistance
1st Support:
0.91693
Why we like it:
horizontal overlap support
1st Resistance:
0.92453
Why we like it:
38.2% Fibonacci retracement levelhorizontal overlap resistance & 78.6% Fibonacci retracement level
Trading FX & CFDs carries high risk.