USDCHF to find support at market?USDCHF - 24h expiry
Daily signals are bullish.
20 1day EMA is at 0.9103.
Early pessimism is likely to lead to losses although extended attempts lower are expected to fail.
We look to buy dips.
We look for a temporary move lower.
We look to Buy at 0.9103 (stop at 0.9081)
Our profit targets will be 0.9158 and 0.9168
Resistance: 0.9130 / 0.9158 / 0.9175
Support: 0.9117 / 0.9100 / 0.9080
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Usd-chf
Potential bearish drop?USD/CHF has reacted off the pivot which acts as a pullback resistance and could drop to the 1st support.
Pivot: 0.9151
1st Support: 0.9094
1st Resistance: 0.9213
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Buy USDCHF Triangle BreakoutThe USD/CHF pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 0.9150
Target Levels:
1st Resistance – 0.9178
2nd Resistance – 0.9191
Stop-Loss: To manage risk, place a stop-loss order below 0.9125. This helps limit potential losses if the price falls back unexpectedly.
Opportunity Breakdown:
Triangle Breakout: Price action recently broke above a bullish triangle, a continuation pattern suggesting further upside potential.
Retest Confirmation: The price has retested the broken resistance line of the triangle and held, indicating strong buying pressure. This retest adds confidence to the breakout.
Ichimoku Cloud Support: The current price sits comfortably above the Ichimoku cloud, a technical indicator that often signals bullish momentum when the price is above the cloud.
Thank you.
USDCHF: USD is weakening against the classic safe havensHey Traders, in today's trading session we are monitoring USDCHF for a selling opportunity around 0.91000 zone, USDCHF was trading in an uptrend and successfully managed to break it out, currently is in a correction phase in which it is approaching the retrace area at 0.91000 support and resistance area.
Fundamentally there is a decent between USD and CHF talking about the macro fundamentals, USD is weakening with the current inflation progress in the US and CHF is considered a safe haven asset in time of uncertainties in the market.
Trade safe, Joe.
Heading into overlap resistance, could it reverse from here?USD/CHF is rising towards the pivot and could potentially drop to the 1st support.
Pivot: 0.9096
1st Support: 0.8990
1st Resistance: 0.9150
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Heading into 50% Fibonacci resistance?USD/CHF is rising towards the pivot, which has been identified as an overlapping resistance and could potentially reverse from this level to the 1st support.
Pivot: 0.9098
1st Support: 0.8987
1st Resistance: 0.9151
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
USD/CHFThe price has been moving downward for some time now and completing the 3rd wave based on Elliot waves theory .. what we see as a spike is more like the price giving out its last sellers .. now needs to correct .. and then continue its way down.
I don't think the 5th wave will go down below the 3rd wave, or if it goes, it wouldn't be too much .. we are at the lowest prices of all time, so we are at the end of the downward prices .. also in, fundamental, we had good CPI last week and good earning in the finance sector of the S&P500 .. but still the fed is hawkish on rates and talking about 2 more 0.25 % increase in rates.
But for now, I'm looking for a pullback to our golden zone and then continue to make a 5th wave.
Leave your comment and thoughts.
May your pockets fill with money
USD/CHFHello Agn,
Today the market is moving quickly due to the upcoming data, which has caused most of our previous analysis to be profitable. Remember to save your profits and take them out of the market, as it may take them back just as fast as it gave them to you. It's important not to get caught up in the idea of making big profits quickly.
Additionally, here is another forecast for you: the market will continue to move quickly and unpredictably. Thank me later.
USDCHF intraday rallies continues to attract sellers.USDCHF - 24h expiry
Our short term bias remains negative.
The lack of interest is a concern for bulls.
A break of the recent low at 0.9045 should result in a further move lower.
Preferred trade is to sell into rallies.
50 4hour EMA is at 0.9079.
We look to Sell at 0.9078 (stop at 0.9102)
Our profit targets will be 0.9018 and 0.9008
Resistance: 0.9070 / 0.9090 / 0.9102
Support: 0.9045 / 0.9030 / 0.9005
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
USDCHF is approaching a decent support prior to CPI newsAttention Traders, in today's trading session, our focus is on USDCHF, where we anticipate a potential buying opportunity around the 0.90650 zone. USDCHF has exhibited a recent breakout from its downtrend, and it is presently undergoing a corrective phase, edging closer to the retrace area near the 0.90650 zone.
From a fundamental perspective, it's crucial to monitor tomorrow's CPI data closely. A hotter CPI reading would suggest that the Federal Reserve's mission to tackle inflation is ongoing, potentially providing an additional uplift to the dollar. This scenario could imply a more hawkish stance from the Fed. Keep a close watch on these developments.
USDCHF Channel Up intact. Aim higher.The USDCHF pair has been trading within a Channel Up pattern since the December 28 2023 Low. In the past 2 weeks, it has been forming its 2nd Bearish Leg that almost touched the 1D MA50 (blue trend-line), which has been supporting since February 02.
As long as we close 1D candles above it, we stay bullish, targeting 0.94200 (marginally below Resistance 2). Since however the recent Higher High was priced just below Resistance 1 (the October 03 2023 High), we will turn bearish (and take the buy's loss) if the pair closes a 1D candle below the 1D MA100 (green trend-line), which is what happened on November 14 2023. In that case, our Target will be 0.87350 (Support 1).
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USDCHF is approaching the main daily tendHey Traders, in today's trading session we are monitoring USDCHF for a buying opportunity around 0.90400 zone, USDCHF is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.90400 support and resistance area.
Trade safe, Joe.
USD/CHF is heading into 38.2% Fibonacci resistance?Price is rising towards a resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.90951
Why we like it:
There is a pullback resistance level which aligns with the 38.2% Fibonacci retracement.
Stop loss: 0.91505
Why we like it:
There is a pullback resistance level which is slightly above the 61.8% Fibonacci retracement.
Take profit: 0.90119
Why we like it:
There is a pullback support level.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Heading into 38.2% Fibonacci resistance?The Swissie (USD/CHF) is rising towards the pivot and could potentially reverse to the 1st support.
Pivot: 0.90948
1st Support: 0.90138
1st Resistance: 0.91514
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bearish reversal off 38.2% Fibonacci retracement resistance?USD/CHF is rising to a resistance level, which is a pullback resistance that aligns with the 38.2% Fibonacci retracement, and could reverse from this level to our take profit.
Entry: 0.90966
Why we like it:
There is a pullback resistance level which aligns with the 38.2% Fibonacci retracement.
Stop loss: 0.91527
Why we like it:
There is a pullback resistance level which is slightly above the 61.8% Fibonacci retracement.
Take profit: 0.90102
Why we like it:
There is a pullback support level.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
USDCHF: Multi TFDespite positive news for CHF, we view the pair as bullish as long as it remains above 0.90892.
The daily chart reveals a clear short-term bullish channel.
On the 4-hour chart, a strong zone is apparent.
Exercise caution:
Do not enter long positions until the LR + 2 * stdev line is broken.
Avoid short positions until the level of 0.90892 is breached.
USD/CHF potential bullish rise?Price has just bounced off the support level which is a pullback support that lines up with the 50% Fibonacci retracement and could potentially rise to our take profit.
Entry: 0.91511
Why we like it:
There is a pullback support level which aligns with the 50% Fibonacci retracement.
Stop loss: 0.90981
Why we like it:
There is a pullback support level
Take profit: 0.92252
Why we like it:
There is a pullback resistance level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Falling towards 61.8% Fibonacci retracement support?USD/CHF is falling towards a support level which is an overlap support that aligns with the 61.8% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.90750
Why we like it:
There is an overlap support level which aligns with the 61.8% Fibonacci retracement.
Stop loss: 0.90137
Why we like it:
There is a pullback support level
Take profit: 0.91511
Why we like it:
There is a pullback resistance level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Sell USDCHF BreakoutThe USD/CHF pair on the M30 timeframe presents a possible shorting opportunity due to a recent breakout from a pattern.
Potential Short Trade:
Entry: Below the broken level, ideally around 0.9140 after confirmation of the breakout. Confirmation could involve a retest of the broken level as resistance or a sustained move below the level.
Target Levels:
0.9060: This represents a potential initial target based on a measured move approach (distance from the breakout point to the pattern's height).
0.9024: This is a further extension of the downside target.
Stop-Loss: Place a stop-loss order above the broken level, ideally around 0.9155. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you
Rising into pullback resistance, could it reverse from here?USD/CHF is rising toward the resistance level, which is a pullback resistance that aligns with the 161.8% Fibonacci extension and the 61.8% Fibonacci projection. A reversal from this level could indicate a triple top pattern, which could lead to a price drop to our take profit target.
Entry: 0.91497
Why we like it:
There is a pullback resistance level which aligns with the 161.8% Fibonacci extension and the 61.8% Fibonacci projection.
Stop loss: 0.92109
Why we like it:
There is a pullback resistance level which aligns with the 100% Fibonacci projection.
Take profit: 0.90607
Why we like it:
There is a pullback support level which aligns with the 61.8% Fibonacci retracement.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.