USDCHF Will Go Lower From Resistance! Sell!
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 testing a major horizontal structure 0.878.
Taking into consideration the structure & trend analysis, I believe that the market will reach 0.865 level soon.
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!
USD/CHF Forecast: Exploring Downside Potential Post-Double TopThe USD/CHF pair is facing resistance around the 0.8830 mark, struggling to regain momentum after a retreat from nearly reaching 0.8900, primarily attributed to encountering a double top formation at 0.88850.
This downward movement in the pair is underpinned by the weakened US Dollar (USD) and declining US Treasury bond yields. Market participants are eagerly awaiting the release of the Swiss February Consumer Price Index (CPI), anticipating it to ease from 1.3% in January to 1.1% in February, which could provide fresh impetus to the currency pair.
On the US front, the Institute for Supply Management (ISM) reported a decline in the US Manufacturing Purchasing Managers Index (PMI) to 47.8 in February from 49.1 in the previous month, falling short of market expectations set at 49.5.
Looking ahead, investors will closely monitor Federal Reserve Chair Jerome Powell's testimony scheduled for Wednesday, seeking insights into the inflation outlook and potential shifts in monetary policy. Hawkish remarks from Fed policymakers could potentially lift the USD, acting as a tailwind for the USD/CHF pair.
Concurrently, the Swiss Federal Statistical Office is set to release the nation's Consumer Price Index (CPI) for February later on Monday. Our analysis suggests a continuation of bearish pressure following the double top formation, with a potential breakout below the neckline, targeting the next fair value gap at 0.86000
USDCHFHello everyone,
New week ahead. Looking forward to it!
Last week we had red folder news. BTC is pumping, gold is following.
I did my TA last night for my point of interset.
If you look back at the charts, you can see why I am not putting limits.
If I see a big candle pushing in my zone of interest, I am more than happy to watch how it goes and step in after liq crap or the next demand zone.
When the entrée come, a 3RR is target, but you can also follow the price to the next interest zone.
I try to update when I am taking a position.
USDCHF H4 | Bearish reversalBased on the H4 chart analysis, we can see that the price is rising toward our sell entry at 0.8813, which is a pullback resistance that closes to 61.8% Fibo retracement
Our take profit will be at 0.8691, a support level.
The stop loss will be placed at 0.8895, a swing-high resistance level.
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USDCHF Crosses the Trendline break down for ShortUSDCHF Crosses the Trendline and creates a new bottom at the 38% Fibonacci line
So now the uptrend has been broken.
We can consider entering an order
#1 Sell: 0.87816 fibo zone 23.6%
Stop loss: 0.88676
Take profit: 0.85769 at fibo 61.8%
#2 Sell: 0.88186
Stop loss: 0.88186
Take profit: 0.85781 at fibo 61.8%
#3 Sell: 0.88349
SL: 0.88688
TP: 0.85775
#4 Close 1/2 Order when price to Fibo 38.2% and move SL to Entry price
# Good look to you
USDCHF Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
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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 Under Pressure! SELL!
My dear friends,
Please, find my technical outlook for USDCHF below:
The price is coiling around a solid key level - 0.8852
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.8809
Safe Stop Loss - 0.8875
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
USDCHF Set To Grow! BUY!
My dear followers,
I analysed this chart on USDCHF and concluded the following:
The market is trading on 0.8748 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.8817
Safe Stop Loss - 0.8716
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
USD/CHF 2 Entries +160 Pips 0 Drawdown , New Entry Valid !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 OUTLOOK| 4HMy full target has been hit.
The buy area is medium safe because even though most of my criteria has been met there was no major inducement. You can look for longs there but not blindly buy.
In case the DBR gets exceeded you can pretty safely sell at that are after retracing.
What do you think?
DBR = Drop Base Rally Demand Zone
Bearish reacting off resistance?USDCHF is rising toward resistance and could potentially falling to support level that closes to the 127.2% Fibo extension
Alternatively, if price breaks above the pivot, it could continue to rise to next resistance level
Pivot: 0.8811
Support: 0.8731
Resistance: 0.8865
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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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USD/CHF BEST PLACE TO SELL FROM|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 0.880 level.
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HelenP. I Swiss Franc will turn around and start to riseHi folks today I'm prepared for you Swiss Franc analytics. If we look at the chart we can see how the price some time ago tried to rise to the 0.8850 resistance level, but later it turned around and in a short time declined to the trend line, thereby breaking the 0.8780 support level, which coincided with the support zone. After this CHF started to rise, and soon it reached support level and broke this level again. Then price rebounded a little up, and then started to decline back to the 0.8780 level. After this movement, CHF made impulse up to the resistance level, which coincided with the resistance zone and even soon broke it and rose to 0.8890 points. But then price turned around and in a short time declined below the resistance level, breaking it one more time, even later CHF tried to back up, but when the price entered to resistance zone Swiss Franc rebounded and made an impulse down to the trend line. At the moment, the price trades below this line and I expect that CHF will decline more and later turn around and start to move up. That's why I set my target at the 0.8830 level. If you like my analytics you may support me with your like/comment ❤️
USDCHF Gave Yesterday +50 Pips 0 Drawdown , 2 New Entries Valid 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: Forecast March 6USDCHF D1 decreased yesterday, with a narrower fluctuation range compared to the previous few D1 bars, showing cumulative price compression. With the current sideways state, yesterday's narrowing of fluctuations suggests the possibility of an explosion in price fluctuations for USDCHF in the near future.
The accumulation status of USDCHF H1 is in the form of a symmetrical triangle model - which can create price fluctuations when the model is broken. The main trend of USDCHF H1 today continues to be waiting to buy.