Usdchf!
USD/CHF BUYING at .9036I have rules that I try to stick to when I'm trading but I'm also happy to break them if the conditions are right.
Since early this morning the USD/CHF has sold off aggressively, encouraged by the weak(ish) Prelim GDP that came in 1.3% against 1.2% but it looks like the market was expecting better.
The mood for USD BULLS wasn't lightened 90 minutes later when the Pending Home Sales missed by a distance coming in -7.7% against expected -1.1%.
So all day we've seen USD/CHF sell off, so much so, that the RSI on H1 has been under 30 and even under 20 for some time.
However.
All BULL and BEAR runs must inevitably end at some time and it looks as if USD/CHF BEARS are reaching exhaustion and liquidating their SHORT trades.
I'm in long which is somewhat jumping the gun I'll freely admit and although the ANdean Oscillator is mildly BULLISH on 1m and 5m time frames, we have no confirmation on 15m but I believe its going to happen.
The last 5 candles on 15m have all been doji indecision candles and it would be a surprise if USD/CHF BEARS could drive the price further south from here and the path of least resistance is north.
As we can get a tight STOP just under the low, and the reward is high, this is a trade worth taking.
Target is unknown as this will depend on the price action if we see BUYERS step in from these levels.
USDCHF H4 | Bearish reversal ?Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 0.9086, which is a pullback resistance close to the 50% Fibo retracement.
Our take profit will be at 0.9027, a swing-low support level.
The stop loss will be placed at 0.9153, a swing-high resistance level.
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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.
USDCHF H4 | Bearish Drop ?Based on the H4 chart analysis, we can see that the price is currently at our sell entry at 0.9130, with pullback support close to 61.8% Fibo retracement
Our take profit will be at 0.9086, an overlap support close to 38.2% Fibo retracement
The stop loss will be placed at 0.9159, which is above swing-high resistance.
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.
✅USD_CHF SUPPORT AHEAD|LONG🚀
✅USD_CHF has been falling recently
And the pair seems locally oversold
So as the pair is approaching a horizontal support of 0.9000
Price growth is to be expected after the retest
LONG🚀
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USD/CHF (dollar-franc): a detailed technical orchestrationJudging by the Daily-timeframe build-up, we might imply that the price has nicely tapped into the liquidity region laying above the right shoulder of the recently formulated Head&Shoulders pattern, and now we are observing bearish moves in the destination of two zones - the pattern neckline and the 0.888 key level. Upon reaching the pattern neckline (0.9 region), we will be observing price behaviour before taking further action. If we are able to witness some rejections, then, there is a high probability that the 0.909 region will be re-visited for a re-touch (break+retest formation) before further bearish moves resume and, potentially, drive the price in the destination of the 0.888 level. On the other hand, if no signs of a bounce are printed on the 0.9 zone and the break is evident, then, the price will have enough potential to keep dropping till the 0.888 region.
All in all, we recommend to have eyes on the day-to-day development and make decisions with no rush.
Hope this idea is of help!
USDCHF: Trading Signal From Our Team
USDCHF
- Classic bullish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Long USDCHF
Entry - 0.9045
Sl - 0.9020
Tp - 0.9089
Our Risk - 1%
Start protection of your profits from lower levels
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USDCHF Will Go Up From Support! Long!
Take a look at our analysis for USDCHF.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 0.907.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.915 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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USDCHF: Your Trading Plan Explained 🇺🇸🇨🇭
USDCHF is currently testing a key daily horizontal support.
To buy this structure with a confirmation, pay attention
to an expanding wedge pattern on a 4H time frame.
Your confirmation to buy the pair will be a bullish breakout
of the resistance line of the wedge.
A bullish continuation will be expected at least to 0.9155 then.
If the price drops below the underlined green area,
the setup will become invalid.
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Strifor || USDJPY-29/05/2024Preferred direction: BUY
Comment: The probability of a fall in the instrument remains, as we wrote about earlier, but we need to consider the global direction as a priority. As for the medium-term prospects, most likely they will develop in favor of the buyer, as well as the long-term prospects. The focus is on the resistance level of 160.209 , this year's high. We consider scenario №2 after the price approaches support at level 153 , but it is not advisable to try to short here. Scenario №1 is a priority, as are medium-term long in general.
Additional comments on this trade will be provided as situation changes. Follow us!
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Strifor || USDCAD-29/05/2024Preferred direction: BUY
Comment: The USDCAD currency pair is also considered today more from the point of view of buy-priority. Here the growth target is the resistance level 1.37438 , which is a local maximum. In the medium term, growth is expected to be even higher.
The most likely scenario №1 speaks of maximum growth from current prices, and this applies not only to this instrument, but also to most other major pairs. But a sharp drop to the level is also not excluded. 1.36000 . This could happen against the backdrop of the publication of data on US GDP , for example. However, the medium-term prospects (scenario №2) for this instrument will most likely develop in favor of the buyer.
Additional comments on this trade will be provided as situation changes. Follow us!
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Strifor || USDCHF-29/05/2024Preferred direction: BUY
Comment: For the Swiss franc , the focus is on the level of 0.91424, from which buy-deal is expected, and at the same time the medium-term strengthening of the US dollar. The context for a long position has now been formed and one can look for an entry point. The best option would be to go long through a breakout, as shown in the chart. Scenario №1 and Scenario №2 in this case are precisely a long trade through a breakout. The growth target is fixed at the level of 0.92160.
Additional comments on this trade will be provided as situation changes. Follow us!
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Strifor || SILVER-28/05/2024Preferred direction: SELL
Comment: Not long ago, we considered silver for short-term buy-deal and this trade has already been closed today, or at least transferred to breakeven, and most of the profit has been fixed. In the shorter term, the metals are likely to expect a pullback, a downward correction. Against this background, we will consider two scenarios, which can be seen on the chart. It should be noted that both scenarios are rather considered by us equally, although scenario №1 is designated as a priority. The target for the fall is considered to be at support 29.77800.
Additional comments on this trade will be provided as situation changes. Follow us!
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USDCHF: Borderline but still bullish on 1D.USDCHF is borderline bullish on its 1D technical outlook (RSI = 57.216, MACD = 0.002, ADX = 24.748) but still inside the 2024 Channel Up. As long as the 1D MA50 supports, we will stay bullish along with the trend, especially since the 1D MACD formed another Bullish Cross. Despite the presence of the R1 level, the bullish waves of the Channel Up have been clear and dominant. The current one targets the R2 level but we pursue a more modest target (TP = 0.9300).
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Market Analysis: USD/CHF Targets Upside BreakMarket Analysis: USD/CHF Targets Upside Break
USD/CHF is rising and might aim a move toward the 0.9155 resistance.
Important Takeaways for USD/CHF Analysis Today
USD/CHF is showing positive signs above the 0.9110 resistance zone.
There is a connecting bearish trend line forming with resistance at 0.9130 on the hourly chart at FXOpen.
USD/CHF Technical Analysis
On the hourly chart of USD/CHF at FXOpen, the pair declined heavily below the 0.9140 level before the bulls appeared. The US Dollar tested 0.9085 and recently started a fresh increase against the Swiss Franc.
The pair climbed above the 0.9110 resistance zone. There was a break above the 50% Fib retracement level of the downward move from the 0.9153 swing high to the 0.9086 low.
The bulls are now facing resistance near the 50-hour simple moving average and 0.9130. There is also a connecting bearish trend line forming with resistance at 0.9130 and the 61.8% Fib retracement level of the downward move from the 0.9153 swing high to the 0.9086 low. The next major resistance is at 0.9140.
The main resistance is now near 0.9155. If there is a clear break above the 0.9155 resistance zone and the RSI remains above 50, the pair could start another increase. In the stated case, it could test 0.9200.
If there is another decline, the pair might test the 0.9110 support. The first major support on the USD/CHF chart is near the 0.9085 zone. A downside break below 0.9085 might spark bearish moves. The next major support is near the 0.9040 pivot level. Any more losses may possibly open the doors for a move toward the 0.9000 level in the near term.
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Strifor || GOLD-Week StartingPreferred direction: SELL
Comment: Sell priority is also relevant this week for gold , at least in the first half. At the moment, one can look for good sales near current levels with a target at the level of 2300 , where, in turn, one can take a closer look at the long deal that we talked about at the end of the previous week.
On the chart, one can see two scenarios, but in essence, this is a single option for setting up for sale, and the scenarios differ only in the depth of the potential false upward movement. In general, one needs to carefully watch level 2343.869 and look for an entry point to sell around this area, especially after a false upward movement.
Additional comments on this trade will be provided as situation changes. Follow us!
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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
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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.
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USDCHF Set To Fall! SELL!
My dear subscribers,
My technical analysis for USDCHF is below:
The price is coiling around a solid key level - 0.9142
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.9095
My Stop Loss - 0.9171
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
———————————
WISH YOU ALL LUCK
USD/CHF SELLERS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
USD-CHF uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 0.899 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the USD/CHF pair.
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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.
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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 signalsThe currency pair is creating a bullish flag pattern and has broken the trendline zone. BUY NOW trading signal around 0.91530. Wishing you successful trading with my signals
Strifor || EURAUD-24/05/2024Preferred direction: BUY
Comment: Previously, we published a medium-term trading idea with a target at the level of 1.64767 . This idea is still at work, and the stated goal is also relevant. If we consider the current picture, we can consider entering a long position with the same target at the level of 1.64767 (scenario №1). This will be especially interesting for those who did not manage to enter a long position earlier.
As an alternative entry into a long position within the short-term framework under consideration, we can highlight scenario №2. However, it is undesirable, and it is better to look for a buy at current prices at the time of writing this trading idea.
Additional comments on this trade will be provided as situation changes. Follow us!
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Strifor || GOLD-24/05/2024Preferred direction: BUY
Comment: Metals after the corrective movement are considered for medium-term long. There is no need to talk about the short term yet. The most likely scenario for gold is growth from the level of 2343.869 (scenario №1). To do this, it is necessary to close above the level of 2343.869 , thereby forming a false breakout after such an aggressive approach to the specified support level.
Scenario №2 assumes growth after a deeper correction towards the level of 2300 . In this area, using a similar format, according to scenario №1 , one can expect growth towards the target at the level of 2431.590.
Additional comments on this trade will be provided as situation changes. Follow us!
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