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Usd-chf

USDCHF:Identifying a Correction Phase and Potential selling ZoneHey Traders, In tomorrow's trading session, our attention is on USDCHF as we identify a potential selling opportunity around the 0.86700 zone. USDCHF is currently trading in a downtrend and is in the midst of a correction phase, making the 0.86700 level a crucial area of interest. As traders, it's essential to carefully analyze the price action in the vicinity of 0.86700, as it represents a key support and resistance area within the broader downtrend. This zone could serve as a strategic entry point for short positions, aligning with the overall market trend. Trade safe, Joe.
Short
by JoeChampion
USDCHF to see a higher correction from 38.2% pullback?USDCHF - 24h expiry Levels close to the 38.2% pullback level of 0.8682 found sellers. Rallies should be capped by yesterday's high. Daily signals are mildly bearish. Short term MACD is moving lower. A higher correction is expected. We look to Sell at 0.8685 (stop at 0.8715) Our profit targets will be 0.8610 and 0.8580 Resistance: 0.8650 / 0.8685 / 0.8700 Support: 0.8633 / 0.8620 / 0.8600 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.
Short
by OANDA
USDCHF Analysis with a Spotlight on CPI DynamicsIn the upcoming trading week, our focus turns to USDCHF, where we're eyeing a potential buying opportunity around the 0.84800 zone. Despite trading in an uptrend, the pair is currently in a correction phase, making its way toward the trend at the 0.84800 support and resistance area. Delving into the fundamental landscape, recent Consumer Price Index (CPI) data can significantly influence the dynamics of USDCHF. Today's CPI figures underscored the potential strength of the US dollar, with the actual 3.4% surpassing both the forecast of 3.2% and the previous month's 3.1%. This unexpectedly robust inflation data may impact the USD's trajectory, potentially bolstering its position against the Swiss franc. As traders prepare for the week ahead, it's crucial to factor in both technical and fundamental analyses, keeping a close watch on USDCHF's movement in response to the evolving market conditions. Trade safe, Joe
Long
by JoeChampion
USDCHF - Follow The Trend 🐻Hello TradingView Family / Fellow Traders, 📈 USDCHF been overall bearish , trading inside the falling blue channel and it is currently approaching the upper blue trendline. Moreover, the zone 0.86 is a robust supply zone. 🎯 Therefore, the highlighted red circle represents a significant area to consider for potential sell setups, as it marks the intersection of the green supply and upper blue trendline. 📚 As per my trading style: As USDCHF approaches the blue circle zone, I will be actively searching for bearish reversal setups to capture the next bearish impulse movement. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
Short
by TheSignalyst
USDCHF Potential DownsidesHey Traders, In today's trading session, our focus is on USDCHF, as we observe a potential selling opportunity around the 0.85800 zone. The currency pair is currently in a downtrend, and it is presently navigating a correction phase, edging closer to the trendline at the crucial 0.85800 resistance area. This technical setup suggests a strategic moment to consider a selling position, aligning with the prevailing downtrend in USDCHF. As we monitor the price action, the 0.85800 resistance area becomes a pivotal zone to watch for potential reversal signals or a continuation of the downward movement. Traders should pay close attention to price behavior around this level and utilize appropriate risk management strategies to capitalize on potential selling opportunities in USDCHF.. Trade safe, Joe.
Short
by JoeChampion
USDCHF Potential DownsidesGreetings Traders, In today's trading session, our focus is on USDCHF as we actively monitor a potential selling opportunity around the 0.85600 zone. Presently entrenched in a downtrend, USDCHF demonstrates a sustained downward trajectory. Simultaneously, the currency pair is navigating a correction phase, steadily converging towards the trend at the pivotal 0.85600 support and resistance area. This numerical level holds significance as both a historical support point and a crucial juncture where the correction may intersect with substantial market forces. Our strategic approach for today involves a meticulous assessment of optimal entry points within the identified 0.85600 zone, aligning our trading decisions with the ongoing downtrend and the potential market dynamics at the critical support and resistance area. As always, it's crucial to trade with caution and adhere to risk management strategies. Trade safe, Joe.
Short
by JoeChampion
USDCHF: Turned bullish again.USDCHF is technically bearish on the 1D outlook (RSI = 38.319, MACD = -0.005, ADX = 47.617) and the long term pattern remains a Channel Down but the 1D MACD has formed a Bullish Cross. Since August 2022, 3 out of 4 such formations under 0.000 have initiated strong rises. Consequently, at least on the medium term, we regard this formation more dominant than the Channel Down. We can see a Channel Up emerging but in order for that to be sustainable, the Channel Down's top needs to break. Thus, we are only going to target its top (TP = 0.8950). This trade gets invalidated if the price crosses under the bottom of the Channel Up (short then TP = 0.8555). See how our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
2
USDCHF Is it experiencing a pattern change?The USDCHF pair has been trading within a Channel Down pattern since the August 11 2022 Low. Such a long-term pattern is difficult to break but according to the 1D MACD and RSI indicators, the pair may be experiencing a pattern change. As you can see, the 1D MACD is about to form a Bullish Cross, the lowest since July 27, which was soon after the last Lower Low on the Channel Down. Along with the fact that the 1D RSI breached through the 30.00 oversold barrier and rebounded exactly on the same level as the July 13 Low, we have a strong case for a new bottom, which is not consistent with a Channel Down Lower Low. As a result a new Channel Up (dotted lines) may be emerging and our trading plan involves buying now at the (potential) Higher Low and targeting the top (Lower Highs trend-line) of the long-term Channel Down at 0.91175, which is also Resistance 1. If on the other hand Support 1 (0.85500) breaks, we will take the loss on the buy and go short instead, targeting the bottom of the Channel Down at 0.81250, which is also the 1.618 Fibonacci extension. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
USDCHF forming a bottom.USDCHF - Intraday Posted Mixed Daily results for the last 4 days. A Doji style candle has been posted from the base. Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Price action looks to be forming a bottom. Bespoke support is located at 0.8825. We look to buy dips. We look to Buy at 0.8825 (stop at 0.8805) Our profit targets will be 0.8875 and 0.8885 Resistance: 0.8850 / 0.8875 / 0.8900 Support: 0.8825 / 0.8817 / 0.8800 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.
Long
by OANDA
USDCHF 19/11/23Usd chf following the bearish order flow as we called out last week we got our target on Friday but we still need to wait for a new range to be confirmed as we have not had two 5 minute candles closed below us and row because of this we cannot have any consistent markups until this point is formed we had a big drop off at market close that we need to wait for this to correct itself depending on if we have any gaps at market open we will monitor as market open up. Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
by rosshayes