USDCHF bearish continuation | 1st Dec 2021 Price broke out of the ascending trendline support, signifying a bearish momentum. We can expect price to make a drop from the pivot level in line with 61.8% Fibonacci retracement and 61.8% Fibonacci projection towards the take profit level in line with 78.6% Fibonacci retracement. Our bearish bias is further supported by the Ichimoku cloud indicator where price is holding 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
Usd-chf
USDCHF approaching pivot, potential for a rise!Description
Price has broken above our pivot level at 0.91716 which is in line with 78.6% Fibonacci retracement levelhorizontal overlap support . We could potentially see a further rise from here towards 0.92674, which coincides with 50.0% Fibonacci retracement levelhorizontal swing high resistance. Finally, we can expect price to take support at 0.91097, which coincides with horizontal swing low support . This is further supported by how price is likely to bounce off the Stochastic support level .
Pivot:
0.91716
Why we like it:
78.6% Fibonacci retracement levelhorizontal overlap support
1st Support:
0.91097
Why we like it:
horizontal swing low support
1st Resistance:
0.92674
Why we like it:
50.0% Fibonacci retracement levelhorizontal swing high resistance
Trading FX & CFDs carries high risk.
#USDCHF approaching pivot, potential for a reversal! Description
Price is approaching pivot level of 0.92173 where we have 50.0% Fibonacci retracement levelhorizontal overlap support lining up. A reversal from this level might see price take support at 0.91716, which is in line with 78.6% Fibonacci retracement levelhorizontal overlap support. Finally, price is unlikely to surpass our strong resistance at 0.93313, which coincides with 78.6% Fibonacci extension levelhorizontal overlap resistance . This is further supported by how price is likely to bounce off the Stochastic support level .
Pivot:
0.92173
Why we like it:
50.0% Fibonacci retracement levelhorizontal overlap support
1st Support:
0.91716
Why we like it:
78.6% Fibonacci retracement levelhorizontal overlap support
1st Resistance:
0.93313
Why we like it:
78.6% Fibonacci extension levelhorizontal overlap resistance
Trading FX & CFDs carries high risk.
Breakout Identified in USDCHF | 26th Nov Signal ID: 78420
Time Issued: Friday, 26 November 2021 05:13:15 GMT
Status: open
Entry: 0.93117 - 0.93327
Limit: 0.92764
Stop Loss: 0.93604
The Breakout Opportunities system has just sold USDCHF at 0.93235. The system recommends entering this trade at any price between 0.93117 and 0.93327. The signal was issued because the USDCHF has broken its 24-hour low while our Speculative Sentiment Index was at 3.24843, suggesting that the USDCHF may have further to fall. A stop loss has been set at the 24-hour high of 0.93604 and a profit target has been set at the 1 Day ATR level at 0.92764. The system will move the stop to the next 24-hour high every time that 24-hour high is lower than the previous 24-hour high. Breakout Opportunities is a breakout strategy that aims to catch the significant moves that typically happen when currencies break through technical support or 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 reversal! Description
Price is respecting the resistance at our pivot level of 0.93624 where we have 78.6% Fibonacci extension levelhorizontal swing high resistance lining up. A reversal from this level might see price dip to support at 0.9266, which is in line with horizontal overlap support. Alternatively, price may break our strong resistance at pivot and head for 1st resistance at 0.94396, which coincides with 100% Fibonacci extension level, 127.2% Fibonacci extension level . This is further supported by how price is reversing off the RSI resistance level.
Pivot:
0.93624
Why we like it:
78.6% Fibonacci extension levelhorizontal swing high resistance
1st Support:
0.92660
Why we like it:
horizontal overlap support
1st Resistance:
0.94396
Why we like it:
100% Fibonacci extension level, 127.2% Fibonacci extension level
Trading FX & CFDs carries high risk.
USDCHF potential for further uptrend | 25th NovPrice is near the buy entry price of 0.93287 which is 61.8% Fibonacci retracement and 61.8% Fibonacci projection . Price can potentially go to the take profit level of 0.93692 which is also the graphical swing high level. Our bullish bias is supported by the ichimoku cloud indicator as price is trading 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.
USDCHF potential for further uptrend | 25th Nov Price is near the buy entry price of 0.93287 which is 61.8% Fibonacci retracement and 61.8% Fibonacci projection. Price can potentially go to the take profit level of 0.93692 which is also the graphical swing high level. Our bullish bias is supported by the ichimoku cloud indicator as price is trading 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.
#USDCHF approaching pivot, potential for a reversal! Description
Price is approaching pivot level of 0.93624 where we have 78.6% Fibonacci extension levelhorizontal swing high resistance lining up. A reversal from this level might see price take support at 0.9266, which is in line with horizontal overlap support. Finally, price is unlikely to surpass our strong resistance at 0.94396, which coincides with 100% Fibonacci extension level, 127.2% Fibonacci extension level . This is further supported by how price is likely to reverse off the Stochastic resistance level.
Pivot:
0.93624
Why we like it:
78.6% Fibonacci extension levelhorizontal swing high resistance
1st Support:
0.92660
Why we like it:
horizontal overlap support
1st Resistance:
0.94396
Why we like it:
100% Fibonacci extension level, 127.2% Fibonacci extension level
Trading FX & CFDs carries high risk.
USD CHF Short IdeaUSDCHF has been in a strong uptrend since the announcement of the head of the FED yesterday. It appears that this pair is starting to lose momentum as there is strong selling pressure on the 1hr candle wick that has just formed. This has led to the 4hr candle having a lot of sell pressure, with the wick being longer than the body. The RSI levels are also in overbought conditions right now at the levels of 81. Because of these factors, it's likely a drop in price is imminent and a short sell will be appropriate. The target of this trade is at a recent support level of 0.928 and the stop-loss area is located just above the recent high.
USDCHF potential for further uptrend | 23rd NovPrice is near buy entry price of 0.92996 which is also 38.2% Fibonacci retracement and 61.8% Fibonacci projection . Price can potentially go to the take profit price of 0.93507 which is also the graphical overlap resistance. Our bullish bias is supported by the ichimoku cloud indicator as price is trading 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.
USDCHF facing bullish pressure, potential for more upside!Price may face bullish pressure as it continues to hold above the H4 ascending trendline support. We could potentially see a bounce at our 1st support level at 0.93012 in line with our 38.2% Fibonacci retracement and 61.8% Fibonacci extension and a further rise towards our 1st resistance level at 0.93683 in line with -27.2% Fibonacci retracement and 61.8% Fibonacci extension. Our bullish bias is further supported by how Price is holding above the EMA and the Ichimoku cloud and MACD is holding the 0 line. Otherwise, Price may bearish to our 2nd support at 0.92501 in line with 78.6% Fibonacci retracement and 161.8% Fibonacci extension.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
USDCHF potential for further uptrend | 23rd NovPrice is near buy entry price of 0.92996 which is also 38.2% Fibonacci retracement and 61.8% Fibonacci projection. Price can potentially go to the take profit price of 0.93507 which is also the graphical overlap resistance. Our bullish bias is supported by the ichimoku cloud indicator as price is trading 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.
USDCHF potential Bearish drop | 19th Nov 2021Price broke out the ascending trendline support (now resistance). We can expect price to drop from Pivot level in line with 23.6% Fibonacci retracement towards 1st Support in line with 38.2% Fibonacci retracement. Our bearish bias is further supported by RSI indicator abiding to the 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.
USDCHFDescription
Price is approaching pivot level of 0.92288, which is in line with 38.2% Fibonacci retracement levelhorizontal overlap support. A reversal from this level may see price take resistance at price 0.93227. This level coincides with horizontal swing high resistance. Finally, we can expect price to take support at 0.9186461.8% Fibonacci retracement levelhorizontal overlap support . This is further supported by how price is likely to bounce off the Stochastic support level .
Pivot:
0.92288
Why we like it:
38.2% Fibonacci retracement levelhorizontal overlap support
1st Support:
0.91864
Why we like it:
61.8% Fibonacci retracement levelhorizontal overlap support
1st Resistance:
0.93227
Why we like it:
horizontal swing high resistance
Trading FX & CFDs carries high risk.
USDCHF short alerts for an overnight trade 🌃POW EDGE trend strategy in use for this USDCHF trade.
Entry details are shown on the chart.
Trade has been live since 23:00 UK time.
Working the H1 time frame here and we're only looking for TP3.
Previous trades can also be seen on chart.
A successful long and a short that hit SL.
As always the report box at foot of the idea shows the stats for this strategy.
In that box every trade is logged and can be viewed by clicking the tabs in the report box.
You as the viewer of this idea can also do that so go ahead and have a play.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
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The stats for this pair are shown below too.
Thank you.
Darren.
💡Are you looking for a good position in USDCHF? Join me😉Hi dears
We seem to be in a good position to take a selling position. It all comes down to breaking that trend line that if broken in the coming days we can enter into a good deal.
Do not forget the loss limit
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USDCHF potential for pullback! | 17 Nov 2021Price is on a bullish momentum and abiding to our ascending trendline. We see potential for short pullback from our sell entry at 0.93235 in line with 100% Fibonacci extension towards our Take Profit at 0.92731 in line with 23.6% Fibonacci retracement . Stochastics are at a level where dips previously happened.
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 pullback! | 17 Nov 2021Price is on a bullish momentum and abiding to our ascending trendline. We see potential for short pullback from our sell entry at 0.93235 in line with 100% Fibonacci extension towards our Take Profit at 0.92731 in line with 23.6% Fibonacci retracement. Stochastics are at a level where dips previously happened.
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.