USDCHF bullish continuation | 12th Nov 2021On the H4 timeframe, we can see that price have broken out of the descending trendline resistance, signifying a bullish momentum. We can expect price to bounce from pivot in line with 23.6% Fibonacci retracement towards take profit line with 161.8% Fibonacci projection . Our bullish bias is further supported by the RSI indicator where it is abiding to the 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
Usd-chf
USDCHF Buy the dip.USDCHF - Intraday - We look to Buy at 0.9195 (stop at 0.9179)
Short term bias has turned positive.
Previous resistance, now becomes support at 0.9200.
We look for a temporary move lower.
There is no clear indication that the upward move is coming to an end.
Our profit targets will be 0.9238 and 0.9248
Resistance: 0.9230 / 0.9250 / 0.9270
Support: 0.9200 / 0.9180 / 0.9165
USDCHF bullish continuation | 12th Nov 2021 On the H4 timeframe, we can see that price have broken out of the descending trendline resistance, signifying a bullish momentum. We can expect price to bounce from pivot in line with 23.6% Fibonacci retracement towards take profit line with 161.8% Fibonacci projection. Our bullish bias is further supported by the RSI indicator where it is abiding to the 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 approaching pivot, potential for a drop! Description
Price is reacting below our pivot level at 0.92276 which is in line with 161.8% Fibonacci extension levelhorizontal swing high resistance. Price can potentially take support at 0.91871, which is in line with horizontal overlap support, 38.2% Fibonacci retracement level. Alternatively, price may rise up to our resistance at 0.92474, which coincides with horizontal swing high resistance . This is further supported by how price is likely to bounce off the Stochastic support level .
Pivot:
0.92276
Why we like it:
161.8% Fibonacci extension levelhorizontal swing high resistance
1st Support:
0.91871
Why we like it:
horizontal overlap support, 38.2% Fibonacci retracement level
1st Resistance:
0.92474
Why we like it:
horizontal swing high resistance
Trading FX & CFDs carries high risk.
USDCHF Breaking Down Channel and Buying OpportunityH4 time frame.
Structure: After the price fell to the support of 0.91000, there was an upward move that broke the previous downtrend channel.
Waiting for the price to appear retest signals and bullish confirmation patterns outside the downtrend channel, you can find buying opportunities.
The profit target is the 0.92800 price area.
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Wish you all have a good trading day!
USDCHF bullish breakout | 11th Nov 2021 Price broke out of the daily descending trendline resistance, signifying a 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 and 161.8% Fibonacci retracement. Our bullish bias is further supported by the MACD indicator where the MACD line crossed 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
USDCHF testing an important support 🦐USDCHF on the 4h chart is testing a daily support over an ascending trendline.
The price is creating a bear flag and is testing with a spike the 0.618 Fibonacci retracement.
According to Plancton's strategy IF the price will break below and satisfy the ACADEMY rules we will set a nice short 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 pivot, potential for a drop! Description
Price is reacting below our pivot level at 0.91323 which is in line with 50.0% Fibonacci retracement level horizontal overlap resistance. Price can potentially take support at 0.90879, which is in line with horizontal swing low support, 100% Fibonacci extension level. Alternatively, price may rise up to our resistance at 0.91544, which coincides with horizontal swing high resistance, 127.2% Fibonacci extension level . This is further supported by how price is now holding below the Ichimoku cloud resistance.
Pivot:
0.91323
Why we like it:
50.0% Fibonacci retracement level horizontal overlap resistance
1st Support:
0.90879
Why we like it:
horizontal swing low support, 100% Fibonacci extension level
1st Resistance:
0.91544
Why we like it:
horizontal swing high resistance, 127.2% Fibonacci extension level
Trading FX & CFDs carries high risk.
USDCHF bearish continuation | 8th Nov 2021 Price is reacting in between the ascending trendline support and descending trendine resistance. We can expect price to drop from the pivot level in line with 61.8% Fibonacci projection towards the take profit level in line with 61.8% Fibonacci retracement and 61.8% Fibonacci projection. Our bearish bias is further supported by ichimoku cloud indicator acting as a 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 0.9151 which is in line with horizontal overlap resistance, 61.8% Fibonacci retracement level. Price can potentially take support at 0.90919, which is in line with horizontal swing low support. Alternatively, price may rise up to our resistance at 0.91705, which coincides with horizontal overlap resistance . This is further supported by how price is now holding below the Ichimoku cloud resistance.
Pivot:
0.91510
Why we like it:
horizontal overlap resistance, 61.8% Fibonacci retracement level
1st Support:
0.90919
Why we like it:
horizontal swing low support
1st Resistance:
0.91705
Why we like it:
horizontal overlap resistance
Trading FX & CFDs carries high risk.
USDCHF facing bearish pressure, potential for more downside! Price is holding below the descending trendline resistance and the 1st resistance at 0.91448 in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension. Price could potentially bearish from 1st resistance at 0.91448 in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension to 1st support at 0.90848 in line with Horizontal swing low and 61.8% Fibonacci extension. Our bearish bias is further supported by how Price is holding below the EMA and the Ichimoku cloud and MACD is holding below the 0 line. Otherwise price may continue to bullish to 2nd resistance at 0.91717 in line with Horizontal swing high and 100% Fibonacci extension.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
#USDCHF approaching pivot, potential for a drop! Description
Price is reacting below our pivot level at 0.91407 which is in line with horizontal swing high resistance, 38.2% Fibonacci retracement level. Price can potentially take support at 0.90919, which is in line with horizontal swing low support. Alternatively, price may rise up to our resistance at 0.91691, which coincides with 61.8% Fibonacci retracement levelhorizontal overlap resistance . This is further supported by how price is now holding below the Ichimoku cloud resistance.
Pivot:
0.91407
Why we like it:
horizontal swing high resistance, 38.2% Fibonacci retracement level
1st Support:
0.90919
Why we like it:
horizontal swing low support
1st Resistance:
0.91691
Why we like it:
61.8% Fibonacci retracement levelhorizontal overlap resistance
Trading FX & CFDs carries high risk.
USDCHF bearish continuation | 3rd Nov 2021 Price is abiding the descending trendline resistance, signifying an overall bearish momentum. We can expect price to drop from the pivot level in line with 78.6% Fibonacci projection towards the take profit level in line with 78.6% Fibonacci projection. Our bearish bias is further supported by the RSI abiding to the descending trendline resistance.
Price is on a bullish momentum. We see a potential buy entry at 0.74184 in line with 38.2% Fibonacci retracement , 78.6% Fibonacci retracement and 161.2% Fibonacci extension towards our Take Profit at 0.74901 in line with 61.8% Fibonacci retracement and 127.2% Fibonacci extension . Technical indicators are showing bullish 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 drop! Description
Price is reacting below our pivot level at 0.91472 which is in line with horizontal swing high resistance, 38.2% Fibonacci retracement level. Price can potentially take support at 0.90919, which is in line with horizontal swing low support. Alternatively, price may rise up to our resistance at 0.91691, which coincides with 61.8% Fibonacci retracement levelhorizontal overlap resistance . This is further supported by how price is now holding below the Ichimoku cloud resistance.
Pivot:
0.91472
Why we like it:
horizontal swing high resistance, 38.2% Fibonacci retracement level
1st Support:
0.90919
Why we like it:
horizontal swing low support
1st Resistance:
0.91691
Why we like it:
61.8% Fibonacci retracement levelhorizontal overlap resistance
Trading FX & CFDs carries high risk.
USDCHF short-term bullish bounce | 2nd Nov 2021Price is abiding by a descending trendline, signifying an overall bearish trend . However, we can expect price to make a small bounce form the pivot level in line with 127.2% Fibonacci retracement and 100% Fibonacci projection towards the take profit level in line with 78.6% Fibonacci projection and 78.6% Fibonacci retracement . Our short-term bullish bias is further supported by the stochastic %K line where the it bounced off 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 | 2nd Nov 2021 Price is abiding by a descending trendline, signifying an overall bearish trend. However, we can expect price to make a small bounce form the pivot level in line with 127.2% Fibonacci retracement and 100% Fibonacci projection towards the take profit level in line with 78.6% Fibonacci projection and 78.6% Fibonacci retracement. Our short-term bullish bias is further supported by the stochastic %K line where the it bounced off 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 0.91688 which is in line with horizontal overlap resistance, 50.0% Fibonacci retracement level. Price can potentially take support at 0.91105, which is in line with horizontal swing low support. Alternatively, price may rise up to our resistance at 0.91941, which coincides with 78.6% Fibonacci retracement levelhorizontal overlap resistance . This is further supported by how price is likely to bounce off the Stochastic support level .
Pivot:
0.91688
Why we like it:
horizontal overlap resistance, 50.0% Fibonacci retracement level
1st Support:
0.91105
Why we like it:
horizontal swing low support
1st Resistance:
0.91941
Why we like it:
78.6% Fibonacci retracement levelhorizontal overlap resistance
Trading FX & CFDs carries high risk.
USDCHF potential for short reversal | 29th OctPrice is near the buy entry price of 0.910886 which is also 78.6% Fibonacci retracement and 127.2% Fibonacci projection . Price can potentially rise to the take profit level of 0.91704 which is 78.6% Fibonacci projection and 23.6% Fibonacci retracement . Our bullish bias is supported by the stochastic indicator as it is at 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 potential for short reversal | 29th OctPrice is near the buy entry price of 0.910886 which is also 78.6% Fibonacci retracement and 127.2% Fibonacci projection. Price can potentially rise to the take profit level of 0.91704 which is 78.6% Fibonacci projection and 23.6% Fibonacci retracement. Our bullish bias is supported by the stochastic indicator as it is at 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 bounce! Description Description
Price is approaching pivot level of 0.90981, which is in line with 161.8% Fibonacci extension level, 127.2% Fibonacci extension level & horizontal overlap support. A reversal from this level may see price take resistance at price 0.91519. This level coincides with horizontal overlap resistance. Finally, we can expect price to take support at 0.90791horizontal overlap support . This is further supported by how price is likely to bounce off the Stochastic support level .
Pivot:
0.90981
Why we like it:
161.8% Fibonacci extension level, 127.2% Fibonacci extension level & horizontal overlap support
1st Support:
0.90791
Why we like it:
horizontal overlap support
1st Resistance:
0.91519
Why we like it:
horizontal overlap resistance
Trading FX & CFDs carries high risk.