DXY Cheat Sheet Hello Traders,
By looking at the dollar index, we can see a zigzag pattern ( 5-3-5 ) forming.
Zigzag pattern is made of 3 waves:
Wave A = 5 waves
Wave B = 3 waves
Wave C = 5 waves
We are now in wave C= 5 waves, currently in subwave 3. Expecting USD weakness means XXXUSD Strength and USDXXX Weakness.
See lower timeframe:
DXY 4H - Ideally price retraces back to 50% - 61.8% fib. Wait for price to come back and then you can get in:
XXXUSD LONG
USDXXX SHORT
Usdchf!
USDCHF H4 | Bearish Drop Based on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 0.8988, which is an overlap resistance close to the 38.2% Fibo retracement
Our take profit will be at 0.8937, a pullback support level.
The stop loss will be placed at 0.9031, which is an overlap resistance level.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
USDCHF - 4hrs ( Buy Trade Target Range 150 PIP ) ☑️Pair Name : USD/CHF
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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🛡 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
⌛ Key Technical / Direction ( Long )
Type : Mid Term Swing
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Bullish Break
0.89750 Area
Reasons
- Major Turn level / M
- Visible Range HVn
- Pattern Break
- FIxed Range lvn
- Quarter's Area
- Fibo Golden Zone
Bearish Reversal
0.91250
reasons
- Major Turn level / D
- Visible Range Lvn
- Channel middle Band
- Day low Break
- week low Break
- Fibo Break Out / Golden
- Choch / Daily
Heading into 50% Fibonacci resistance?USD/CHF is rising towards a resistance level which is a pullback resistance that is slightly below the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.8998
Why we like it:
There is a pullback resistance level which is slightly below the 50% Fibonacci retracement.
Stop loss: 0.9093
Why we like it:
There is an overlap resistance level which lines up with the 78.6% Fibonacci retracement.
Take profit: 0.8888
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 - LongThere is a potential USDCHF short term long (pullback) play on the cards. Currently the price seems to be pulling back lower to discount prices before a potential long. Price has broken previous highs after a week long bearish blood bath. Last Friday's gains, signify what looks like the start of the bullish pullback in order to complete wave 4.
USDCHF H4 | Bearish reversalBased on the H4 chart analysis, we can see that the price is rising toward our sell entry at 0.8988, which is a pullback resistance and a 38.2% Fibonacci retracement.
Our take profit will be at 0.8892, a multi-swing low support level.
The stop loss will be placed at 0.9079, a pullback esistance level."
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Heading into 38.2% Fibonacci resistance?USD/CHF is rising towards the pivot and could potentially to the pullback support level.
Pivot: 0.8989
1st Support: 0.8883
1st Resistance: 0.9059
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.
USDCHF Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
USDCHF moving higher this week**Monthly Chart**
USDCHF is moving within a range between a high of 0.92450 and a low of 0.83300 levels. Last month candles closed as MC candles around the relatively equal monthly high. The Pair is moving a range since April 2023.
**Weekly Chart**
Last week candle closed as a bearish candle. However, the close of the price at the mid-level of the move which as a strong reaction from the US NFP and Employment change announcements. It has also tested the weekly IPA of March 2024. In line with DXY analysis, we might see USDCHF move higher and break the weekly and monthly high around 0.9200 level.
**Daily Chart**
USDCHF broke the previous daily swing with a few pips and then resumed lower with last Friday's NFP news. If you look at the 4H time frame, the price formed a key reversal before the news and then pushed higher. For this week I will be looking a a retracement to at least 50% of IPA candle that formed with a confirmation as a key reversal pattern to take this pair higher. The next target will be around 0.92000 level and then 0.93000 level.
USDCHF: Bullish Continuation & Long Trade
USDCHF
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long USDCHF
Entry Point - 0.8962
Stop Loss - 0.8918
Take Profit - 0.9042
Our Risk - 1%
Start protection of your profits from lower levels
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USDCHF - Short from bearish order block !!Hello traders!
‼️ This is my perspective on USDCHF.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look only for short position. I want price to continue the retracement to fill the imbalance higher and then to reject from bearish order block + institutional big figure 0.90000.
Fundamental news: Next week on Wednesday (GMT+3) we have important news in USA, CPI and Interest Rate. Pay attention to the result in order to validate the analysis.
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USD/CHF Gave Yesterday +60 Pips 0 Drawdown , Did You Enter ?This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
USDCHF 1H Long Trade - 1:6 RRRPair: USDCHF
Action: Buy
RRR: 1:6
SL: 0.88790
TP: 0.93364
Indicators:
EMA200: The EMA200 serves as a critical indicator of the long-term trend direction.
MACD Trend: The MACD indicator helps traders assess the strength and direction of the trend.
Supertrend: The Supertrend indicator acts as a reliable tool for identifying entry points in alignment with the prevailing trend.
USDCHF Will Fall! Short!
Please, check our technical outlook for USDCHF.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 0.889.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 0.880 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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USDCHF to breakdown?USDCHF - Intraday
We look for losses to be extended today.
There is no clear indication that the downward move is coming to an end.
Short term momentum is bearish.
0.8884 has been pivotal.
A break of the recent low at 0.8883 should result in a further move lower.
We look to Sell a break of 0.8879 (stop at 0.8907)
Our profit targets will be 0.8809 and 0.8789
Resistance: 0.8900 / 0.8920 / 0.8948
Support: 0.8883 / 0.8860 / 0.8840
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.
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USD/CHF Giving Amazing Bullish P.A,Time To Buy To Get 200 Pips ?This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Sell USD/CHF Bearish PennantThe USD/CHF pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Pennant pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 0.8915, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 0.8862
2nd Support – 0.8825
Stop-Loss: To manage risk, place a stop-loss order above 0.8970. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
Bullish Bounce?USDCHF is falling toward the pivot, close to the 161.8% Fibonacci extension, and could bounce up to the first resistance.
If the price breaks below the pivot, it could continue to fall to the support level.
Pivot: 0.8892
Support: 0.8819
Resistance: 0.8995
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.
USDCHF H4 | Bullish Bounce Based on the 4-hour chart analysis, we can see that the price is falling toward our buy entry at 0.88485. This level is anticipated to act as significant support, close to the 161.8% Fibonacci extension.
Our take profit is set at 0.89426, identified as an overlap resistance level.
The stop loss is placed at 0.87805, which is recognized as an overlap support level to mitigate downside risk."