USDCHF → False breakdown gives bullish momentum ↑FX:USDCHF is forming a false breakdown of range support and uptrend, which opens the market to buy potential. CHF is weakening stronger than the dollar and this could support the uptrend.
On D1, the price tested the MA-50 ascending average with a false breakdown, as well as a strong support area at 0.900. Liquidity capture and candlestick set-up form the price reversal and bullish momentum, which, from the point of view of trading inside the range, can lead the price to the upper boundary - 0.9216
Resistance levels: 0.910, 0.915, 0.9216
Support levels: 0.9075, 0.900
A break through the nearest zone 0.910 will accelerate the price strengthening. The bullish trend may continue.
Regards R. Linda!
Usdchf!
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 H4 | bearish drop ?Based on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 0.9156, which is an overlap resistance.
Our take profit will be at 0.9097 an overlap support level that aligns with 38.2% Fibo retracement
The stop loss will be placed at 0.9226, which is a swing-high resistance 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.
Strifor || USDJPY-22/05/2024Preferred direction: SELL
Comment: The opinion and trading setup for the Japanese yen also remains the same. In the short term, all this will most likely be a small, but downward movement towards levels 153 and 152 . The two previous scenarios are relevant for today, as already mentioned. Scenario №1 - sales at current prices, and scenario №2 - a preliminary approach to 157-158. In both cases, we fix the target near the level of 153.222 (70%), and at the level of 151.786 (the remaining part).
Additional comments on this trade will be provided as situation changes. Follow us!
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Strifor || USDCHF-22/05/2024Preferred direction: SELL
Comment: The shorter-term trade on the franc remains in effect. Here, selling outflowing levels is expected (scenario №1), as well as from the level of 0.91424 (scenario №2) . It should be noted that the franc is not the most attractive currency to buy against the US dollar, however, selling priority on the currency pair is more likely.
Let's consider the same level 0.90108 as a target.
Additional comments on this trade will be provided as situation changes. Follow us!
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Strifor || USDCAD-22/05/2024Preferred direction: SELL
Comment: After another price fixation at the level of 1.36000, we are again considering an approach to this level through two scenarios. It should be noted that a fall below 1.36000 is not expected, so it will be very important to exit on time. The most likely scenario №1 involves a fall actually from current prices near the level of 1.36557 . Scenario №2 is more conservative, but at the same time less likely today, which involves a fall from the level of 1.37020.
In general, most likely in the short term, the main competitors of the US dollar will strengthen their positions, however, considering the more global picture, there is a high probability that the US currency will win back all its lost positions.
Additional comments on this trade will be provided as situation changes. Follow us!
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USDCHF: Important Breakout 🇺🇸🇨🇭
Today's FOMC is clearly bullish for USDCHF.
The price broke and closed above a resistance line
of a wide accumulation range on a daily time frame.
It opens a potential for a further bullish continuation now.
Next resistance - 0.919
I suggest waiting for a pullback before you buy.
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Alikze »» AUDUSD | PullBack to the previous roofIn time 4H, it is moving in an ascending channel. According to the previous analysis, he made corrections up to the target range of the bottom of the channel.
💎 But now, after the failure of the resupply zone, it has been directed to the floor of the channel, which, if supported in the green box area (the previous ceiling), can continue to move up to the midline of the channel.
💎 Alternative scenario: If the range of the green box is broken, it can continue the modification until the next roof area (the second green box).
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USDCHF Massive Short! SELL!
My dear friends,
My technical analysis for USDCHF is below:
The market is trading on .0.9097 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target -0.9067
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
USDCHF Short Trade Setup A #short trade opportunity recently presented itself on the #dollarswissy (#USDCHF) #trading chart 📉.
This is indicated by the #bearish engulfing candlestick 🕯️ pattern just below the 0.91081 horizontal resistance level.
This indicates a rejection of the same level, with potential price move in the downward 👇 ⬇️ direction (#sell).
Sufficient downward momentum should see price dumping towards the 0.90000 psychological level and possibly testing the strength of the 0.89955 horizontal support level.
As always, please apply appropriate risk management.
Happy trading!
#majorpair
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.
USD/CHF BEARISH BIAS RIGHT NOW| SHORT
Hello,Friends!
We are now examining the USD/CHF pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 0.900 level.
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UCHF on a Correction Wave!!Here I have USD/CHF on the Daily Chart!!
Now given its remarkable rise to its current HIGH @ .92242, followed by the strong drop to the LOW @ .9005 ..
This week we've seen Price make a Fibonacci Retracement back to the Golden Zone meaning price is CORRECTING AFTER THE IMPULSE ELLIOT WAVE!!
Now with Price working past our LOW, we could see price drop as low as the ( .87447 - .86612 ) Range!!
Strifor || SILVER-17/05/2024Preferred direction: BUY
Comment: The previous long trade in silver was successfully closed at take profit, but we continue to actively adhere to short-term buy priority. Current prices are perfect for this and one can safely consider purchases with a goal of at least level 31 (scenario №1).
In the event of a sharp change in market sentiment, one can consider entering a long position as part of a re-test of the level 29.77800 (scenario №2).
Additional comments on this trade will be provided as situation changes. Follow us!
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USDCHF H4 | Fall from Fibo confluence?Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 0.1939, which is a pullback resistance close to 127.2% Fbo extension and 61.8% Fibo retracement.
Our take profit will be at 0.9028, a pullback support level.
The stop loss will be placed at 0.9226, a swing-high resistance 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 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.
USDCHF Will Go Lower! Short!
Take a look at our analysis for USDCHF.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 0.908.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 0.905 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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USDCHF On The Rise! BUY!
My dear subscribers,
My technical analysis for USDCHF is below:
The price is coiling around a solid key level - 0.9045
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 0.9101
My Stop Loss - 0.9012
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
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WISH YOU ALL LUCK
USDCHF - Downside move ✅Hello traders!
‼️ This is my perspective on USDCHF.
Technical analysis: Here we are still in a bearish market structure as price did not break previous high, so I expect we can see bearish price action after price rejected from liquidity zone + institutional big figure 0.91000. My target is imbalance filled + order block.
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CHF (Swiss Franc Futures, CHFUSD)... BULLISH!The Monthly +FVG was filled, then the CISD was formed.
Price traded through the BB, forming the +FVG on the way.
I am expecting the BB+FVG to hold, and price to move higher from here next week.
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Thank you for viewing.
USD-CHF Local Short! Sell!
Hello,Traders!
USD-CHF went up sharply
And the pair has reached
A horizontal resistance
Of 0.9101 from where
We are already seeing
A local pullback and I
Think that we will see
A further move down
Sell!
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Check out other forecasts below too!
USDCHF Technical Analysis! BUY!
My dear friends,
My technical analysis for USDCHF is below:
The market is trading on 0.9051 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.9074
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
———————————
WISH YOU ALL LUCK
USDCHF: Weak Market & Bearish Continuation
The strict beauty of the chart is a reflection of the fierce eternal battle between the bulls and bears and right now I can clearly see that the bears are taking over so we will bend to the will of the crowd and sell too.
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