USDCHF LongThe price is retesting the support area after a brief breakout from the demand area of the trend line, thus creating a higher low.
We can expect the price to continue trending higher to the demand zone at around $0.92
Usd-chf
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
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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.
USDCHF Potential UpsidesHey Traders, in the coming week we are monitoring USDCHF for a buying opportunity around 0.90000 zone, USDCHF is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.90000 support and resistance area.
Trade safe, Joe.
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.
Falling towards 61.8% Fibo support, could it bounce from here?USD/CHF is falling towards a support level which is a pullback support which aligns with the 61.8% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.90607
Why we like it:
There is a pullback support level which aligns with the 61.8% Fibonacci retracement
Stop loss: 0.90082
Why we like it:
There is an overlap support level
Take profit: 0.91497
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.
Potential bearish dropUSD/CHF is currently at a resistance level, which is a pullback resistance, and could reverse from this level to our take profit.
Entry: 0.91497
Why we like it:
There is a pullback resistance level
Stop loss: 0.92091
Why we like it:
There is a resistance level at the 100% Fibonacci projection
Take profit: 0.90659
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.
USDCHF Targets Upside Amid NFP, CPI, and Geopolitical FactorsAttention Traders,
In today's trading session, our focus is on USDCHF, where we're eyeing a potential buying opportunity around the 0.90800 zone. USDCHF maintains an upward trajectory, presently undergoing a correction phase as it approaches the pivotal support and resistance area at 0.90800.
Adding depth to our analysis, let's incorporate the fundamental landscape. The escalation of tensions in the Middle East has bolstered demand for the US dollar, historically considered a safe-haven currency during geopolitical uncertainties. Consequently, this increased demand for USD may contribute to the upward momentum of USDCHF.
Furthermore, it's imperative to consider the Federal Reserve's monetary policy stance amidst strong economic indicators. The recent robust Non-Farm Payrolls (NFP) and Consumer Price Index (CPI) data suggest a resilient US economy. In response to these positive indicators, the Federal Reserve may adopt a hawkish stance in its upcoming meeting, further supporting the strength of the US dollar.
Taking into account these fundamental factors alongside the technical uptrend, the potential buying opportunity in USDCHF around the 0.90800 zone presents an attractive proposition for traders.
Trade wisely,
Joe
USD/CHF has a strong bullish momentum, could it rise further?The price is falling toward a support level, which is a pullback support level that aligns with the 61.8% Fibonacci retracement; it could bounce from this level to our take profit target.
Entry: 0.90583
Why we like it:
There is a pullback support level which aligns with the 61.8% Fibonacci retracement.
Stop loss: 0.89995
Why we like it:
There is a pullback support level which aligns with the 50% Fibonacci retracement.
Take profit: 0.91465
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.
USD/CHF: Bounce From SupportPrice is falling towards the support zone which aligns with the 61.8% Fibo retracement. A bounce from this level could lead the price to rise to the upside
I'm bullish biased
USDCHF: Strategies Amidst Contrasting Economic LandscapesAttention Traders,
In today's trading session, our sights are set on USDCHF, where a potential buying opportunity looms around the 0.90150 zone. USDCHF currently rides an uptrend but undergoes a corrective phase, edging closer to the pivotal 0.90150 support and resistance juncture.
Adding depth to our analysis, the fundamental landscape underscores the bullish prospects for USDCHF. The US Dollar stands as one of the top performers, fueled by the recent Non-Farm Payrolls (NFP) report surpassing expectations. Furthermore, amidst market uncertainty, investors seek refuge in the USD's safe-haven status, contributing to its strength.
Notably, tomorrow brings a crucial event on the economic calendar: the release of the Consumer Price Index (CPI). Should CPI data unveil a hotter-than-expected figure, it could ignite a surge in USDCHF, amplifying the pair's upward trajectory.
Conversely, the Swiss National Bank (SNB) adopts a dovish stance, given easing inflation in Switzerland. This contrast in monetary policies between the Federal Reserve and the SNB further bolsters USDCHF's bullish sentiment.
As we navigate these dynamics, it's vital to remain vigilant and adaptable. USDCHF's potential buying opportunity at 0.90150 presents a compelling prospect amidst a backdrop of shifting fundamentals and market uncertainties.
Trade prudently,
Joe.
USDCHF continues to hold back the bears.USDCHF - 24h expiry
0.9000 continues to hold back the bears.
We look to buy dips.
Posted a Double Bottom formation.
0.8998 has been pivotal.
Daily signals are bullish.
We look to Buy at 0.9003 (stop at 0.8977)
Our profit targets will be 0.9068 and 0.9078
Resistance: 0.9060 / 0.9075 / 0.9095
Support: 0.9040 / 0.9020 / 0.9000
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, the previous S/R levels.USDCHF / 1D
Hello Traders, welcome back to another market breakdown.
USDCHF is trading in a downtrend. However, the price bounced back from a Macro level which sent the price up changing the current trend.
Probability suggests we get at least a few more sideways for now down then another leg higher.
Check out the chart for what I'll be waiting for after price action confirmation on LTF.
Trade safely,
Trader Leo.
Fundamental Factors: SNB vs. Federal Reserve DynamicsGreetings Traders,
In tomorrow's trading session, our focus is on USDCHF, with a keen eye on a potential buying opportunity around the 0.90000 zone. Currently, USDCHF is entrenched in an uptrend but undergoing a corrective phase, nearing the significant support-turned-resistance level at 0.90000.
Adding depth to our analysis, a fundamental layer underscores our bullish stance on further upsides for USDCHF. One primary factor driving this conviction is the contrasting monetary policies between the Swiss National Bank (SNB) and the Federal Reserve.
In the United States, inflation remains a pressing concern, prompting the Federal Reserve to maintain a vigilant stance. This commitment to combating inflation is expected to lend support to the US Dollar.
Conversely, the SNB has adopted a dovish stance, particularly in response to easing inflationary pressures in Switzerland. This dovish approach may entail accommodative monetary policies, such as maintaining negative interest rates or intervening in currency markets to curb Swiss Franc strength.
Given this backdrop, the divergence in monetary policy trajectories between the two central banks is likely to favor USDCHF bulls. The combination of a proactive Federal Reserve and a dovish SNB sets the stage for potential appreciation in the USDCHF pair.
As always, thorough risk management and adherence to trading strategies are paramount in navigating market dynamics. Wishing you success in your trading endeavors!
USDCHF to breakdown?USDCHF - Intraday
The bearish engulfing candle on the 4 hour chart is negative for sentiment.
0.8999 has been pivotal.
A break of bespoke support at 0.9000, and the move lower is already underway.
We look for losses to be extended today.
A higher correction is expected.
We look to Sell a break of 0.8998 (stop at 0.9030)
Our profit targets will be 0.8918 and 0.8908
Resistance: 0.9030 / 0.9050 / 0.9070
Support: 0.9000 / 0.8970 / 0.8945
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.
BUY TRADE SETUP ON USDCHFHey Traders,
Check out this technical analysis on USDCHF; it appears to be undergoing a small pullback, potentially indicating a bullish momentum continuation.
However, I would recommend waiting for a proper retest of the broken key level before considering a buy-trade entry.
Alternatively, there may be an opportunity for a sell trade if the market breaches the evident support area.
Keep a close eye on this.
USDCHF: Overbought and at the top of the Channel Down.USDCHF is overbought on the 1D technical outlook (RSI = 74.650, MACD = 0.007, ADX = 47.655) as it hit the top of the yearly Channel Down. That is exactly on the 0.786 Fibonacci retracement level, where the LH prior was always priced, also after an approximately +8.50% rise. The 1D RSI is making a reversal inside the overbought zone and we are about to form a 1D Golden Cross, which last time emerged after the LH was made. This is a strong bearish signal combination. First we are targeting the 0.618 Fibonacci (TP1 = 0.8600) and if by then the price remains under the 1D MA50, we will extend selling to the bottom of the Channel Down (TP2 = 0.82500) going the full -9.40% distance.
See how our prior idea has worked out:
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