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USDCHF

USDJPY Falling Wedge Breakout: 300 Pips Bullish Move AheadUSDJPY is currently trading at 147.50, having recently broken out of a falling wedge pattern, a strong bullish reversal signal. After the breakout, the pair has completed its retesting phase, confirming support at lower levels. With bullish momentum building, we now expect an upward move toward the 152.50 target, implying a 300 pips gain from current levels. From a technical analysis perspective, the falling wedge is a well-known bullish continuation pattern, indicating that sellers have weakened and buyers are stepping in. Now that the retest is complete, the next key resistance levels to watch are 149.50 and 151.00, with 152.50 being the final target. Support levels are now formed at 146.50 and 145.80, where buyers could step in if any short-term pullback occurs. On the fundamental side, USDJPY is influenced by Federal Reserve and Bank of Japan monetary policy differences. The Fed's hawkish stance and rising U.S. Treasury yields continue to support USD strength. Meanwhile, the Bank of Japan's ultra-loose policy keeps the yen weaker, allowing the bullish USDJPY momentum to continue. Additionally, risk sentiment and global economic trends favor the dollar as a safe-haven asset. With the falling wedge breakout confirmed and fundamentals supporting further gains, USDJPY looks poised for a strong bullish rally. Traders should monitor volume and price action for confirmation, as a push above 149.50 could accelerate the move toward 152.50. This setup presents a great opportunity to capture a high-probability trade in the coming sessions.
Long
by AndrewsMarket-Mastery
USDCHF to find sellers at market price?USDCHF - 24h expiry There is no clear indication that the downward move is coming to an end. 20 4hour EMA is at 0.8816. Bespoke resistance is located at 0.8800. Our outlook is bearish. The weaker US dollar has boosted performance. We look to Sell at 0.8803 (stop at 0.8843) Our profit targets will be 0.8703 and 0.8683 Resistance: 0.8811 / 0.8830 / 0.8845 Support: 0.8765 / 0.8740 / 0.8720 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
USD/CHF BULLISH BIAS RIGHT NOW| LONG Hello, Friends! We are going long on the USD/CHF with the target of 0.895 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band. However, we should use low risk here because the 1W TF is red and gives us a counter-signal. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ✅LIKE AND COMMENT MY IDEAS✅
Long
by EliteTradingSignals
1
USD/CHF Short Setup – Institutional Flow & Liquidity TargetsUSD/CHF is setting up for a bearish move, with confluence from technical structure, order flow, and fundamental events. Here’s a complete breakdown of the setup, execution plan, and institutional positioning. 📊 Trade Execution & Technical Breakdown 🔹 Entry Zone: Price rejected from the 0.8786 - 0.8794 supply zone, aligning with 0.62 - 0.79 Fibonacci retracement levels. 🔹 Confluences: ✅ Bearish trend continuation – Lower highs forming. ✅ Liquidity grab above minor resistance, suggesting smart money distribution. ✅ Break & retest structure confirms potential downside. 🔹 Target Zones: 📉 First target: 0.8767 (previous low & liquidity area). 📉 Final target: 0.8750 (-0.62 Fibonacci extension). 📌 Market Structure: Higher timeframe bearish bias remains intact. Supertrend (4H) signals continued downside. EMA alignment (1D) confirms selling pressure. 🏦 Institutional Positioning & Market Sentiment 📌 Commitment of Traders (COT) Report Insights: 📈 USD: Institutional long positions declining, indicating potential USD weakness. 📉 CHF: Increased net short positioning, suggesting institutional flow favoring CHF strength. 📌 Liquidity & Order Flow Data: Market depth shows heavy short positioning near resistance. Volume profile indicates a lack of demand above 0.8780, confirming weak bullish momentum. ⚡ Fundamental Drivers – Key News Events 📊 Macroeconomic Data Impacting USD/CHF: 📌 Employment Trends Index (108.35) – USD strength limited. 📌 T-Bill Auction & Treasury Buyback – Potential liquidity shifts affecting risk sentiment. 📌 Fed’s Beige Book & Policy Outlook – Key for USD direction. 🛑 Impact on Trade: ✔️ USD uncertainty fuels risk-off flows into CHF. ✔️ Short-term retracement provides an ideal short entry before further downside. 📈 Volatility & Liquidity Insights 📌 Prime Market Terminal Data: ATR shows increased volatility, supporting large price swings. Institutional short positioning rising, indicating strong bearish control. DMX data suggests liquidity buildup below 0.8760. 🔥 Conclusion – High-Probability Short Setup ✅ Bearish trend structure aligns with institutional positioning. ✅ Liquidity grab above resistance confirms distribution phase. ✅ Confluence of technicals, fundamentals, and order flow supports downside movement. 📌 Short Bias: Targeting 0.8767 → 0.8750. 📌 Key Invalidations: A break above 0.8800 could shift sentiment. 💬 What’s your take on USD/CHF? Let me know in the comments! 🚀📉
Short
by LDForex_
USDCHF Key Trading Level to watch at 0.8865The USD/CHF currency pair is currently exhibiting a bearish sentiment, as evidenced by the loss of the longer-term prevailing uptrend. The key trading level to watch is 0.8865, which represents the current intraday swing low and the falling resistance trendline level. Bearish Scenario: If the price fails to break above the 0.8865 level and faces a bearish rejection, it could trigger a downside move targeting the support levels at: 0.8735 - Initial downside support 0.8700 - Secondary support level 0.8600 - Longer-term support Bullish Scenario: Alternatively, a confirmed breakout above the 0.8865 resistance level, followed by a daily close above that point, would negate the bearish outlook. This scenario could open the path for further rallies, targeting: 0.8918 - Immediate resistance level 0.8965 - Next potential resistance level Conclusion: Traders should closely monitor the 0.8865 level for directional clues. A rejection from this level would favor short positions targeting lower support zones, while a breakout and daily close above would support long positions aiming for higher resistance levels. Proper risk management and trend confirmation are crucial for successful trading in this volatile environment. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
USDCHF road map !!!I believe that if we look at the past prices, we will realize that the price may form a head and shoulders pattern and reach the desired supports. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Short
by CobraVanguard
2
MarketBreakdown | EURUSD, USDCHF, EURAUD, US30 Here are the updates & outlook for multiple instruments in my watch list. 1️⃣ #EURUSD weekly time frame 🇪🇺🇺🇸 After multiple attempts to violate a key daily horizontal resistance, EURUSD was rejected. It looks like the underlined blue area will keep being a strong supply area. Probabilities will be high to see a pullback from that. 2️⃣ #USDCHF daily time frame 🇺🇸🇨🇭 The price reached a significant daily demand cluster on Friday. That zone concentrates huge buying volumes. I think that the pair is going to start a correctional movement soon. 3️⃣ #EURAUD weekly time frame 🇪🇺🇦🇺 The market did not manage to break a key daily horizontal resistance level. We see a strong bearish pressure after the market opening today. Chances are high that the market will continue falling. 4️⃣ #US30 1 hour time frame 🇬🇧🇨🇦 I see a nice gap down opening. With a high probability, it is going to be filled soon. Expect an intraday bullish movement. Do you agree with my market breakdown? ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
1
USD/CHF "The Swissy" Forex Market Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟 Dear Money Makers & Thieves, 🤑 💰🐱‍👤🐱‍🏍 Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the ˗ˏˋ ★ ˎˊ˗USD/CHF "The Swissy" ˗ˏˋ ★ ˎˊ˗ Forex Market. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk Green Zone. Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish thieves are getting stronger. 🏆💸Book Profits Be wealthy and safe trade.💪🏆🎉 Entry 📈 : "The vault is wide open! Swipe the Bearish loot at any price - the heist is on! profits await!" however I advise placing Sell limit orders within a 15 or 30 minute timeframe. Entry from the most recent or swing low or high level should be in retest. Stop Loss 🛑: Thief SL placed at (0.90700) swing Trade Basis Using the 4H period, the recent / swing high or low level. SL is based on your risk of the trade, lot size and how many multiple orders you have to take. Target 🎯: 0.88500 & 0.88000 (or) Escape Before the Target 🧲Scalpers, take note 👀 : only scalp on the Short side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. 📰🗞️Fundamental, Macro, COT Report, Quantitative Analysis, Intermarket Analysis, Sentimental Outlook: USD/CHF "The Swissy" Forex Market is currently experiencing a Bearish trend in short term,{{{(>HIGH CHANCE FOR BULLISHNESS IN FUTURE<)}}} driven by several key factors. ⭐1. Fundamental Analysis Fundamental analysis evaluates the economic indicators driving the USD/CHF pair: US Economic Indicators: GDP Growth: 2.3% – Indicates robust economic expansion. Inflation: 3% – Moderately high, suggesting potential for further monetary tightening. Interest Rates: 4.5% – Significantly higher than Switzerland, attracting capital flows to the USD. Trade Balance: Deficit of -98.43 billion USD – A persistent deficit, though offset by strong growth and yield appeal. Switzerland Economic Indicators: GDP Growth: 0.2% – Slow growth, reflecting a weaker economic performance. Inflation: 0.4% – Very low, indicating stable but minimal price pressures. Interest Rates: 0.5% – Low rates, reducing attractiveness for CHF-denominated assets. Trade Balance: Surplus of 4029 million CHF – A positive factor, though overshadowed by interest rate differentials. Key Insight: The significant interest rate differential (4.5% vs. 0.5%) favors the USD, potentially driving capital outflows from CHF to USD, supporting a bullish USD/CHF outlook. ⭐2. Macroeconomic Factors Macroeconomic conditions provide context for currency movements: Global GDP Growth: Projected at 3.3% for 2025, with mixed regional performances. US Economy: Strong growth (2.3%) and higher inflation (3%) may prompt the Federal Reserve to maintain or increase rates, bolstering the USD. Swiss Economy: Low growth (0.2%) and inflation (0.4%) suggest the Swiss National Bank will maintain a stable, low-rate policy, limiting CHF strength. Commodity Prices: Expected to decline, which typically supports the USD due to its inverse correlation with commodities. Stock Markets: International stocks outperforming US markets could influence risk sentiment, though this has a muted direct impact on USD/CHF. Key Insight: Stronger US macroeconomic fundamentals versus Switzerland’s stability tilt the balance toward USD appreciation. ⭐3. Global Market Analysis Global factors influencing the USD/CHF pair: Geopolitical Events: Potential tensions could boost CHF as a safe-haven currency, though no specific events are currently noted. Central Bank Policies: Federal Reserve: Possible further rate hikes if US data remains strong, supporting USD. Swiss National Bank: Likely to maintain low rates, limiting CHF upside. Commodity Trends: Declining prices may bolster USD strength, given its commodity inverse relationship. Market Performance: Mixed global stock performance suggests neutral risk sentiment, with minimal immediate impact on USD/CHF. Key Insight: Absent major risk-off events, the USD benefits from higher yields and a stable global outlook. ⭐4. COT Data (Commitment of Traders) COT data reflects trader positioning: Non-Commercial Traders: Likely net long USD against CHF, driven by the interest rate differential and stronger US economic outlook. Trend: Increasing long positions in USD suggest bullish sentiment among speculators. Key Insight: Bullish positioning in COT data aligns with economic fundamentals, reinforcing a positive USD/CHF outlook. ⭐5. Intermarket Analysis Correlations with other asset classes: USD and Commodities: Typically inversely correlated; declining commodity prices could strengthen the USD. CHF as Safe-Haven: Positively correlated with gold and JPY; CHF may gain in risk-off scenarios, though current conditions favor risk-on sentiment. Stock Market Influence: Mixed performance has a limited direct effect, but a shift to risk-off could support CHF. Key Insight: Declining commodity prices favor USD, while CHF’s safe-haven appeal remains a potential counterforce in adverse conditions. ⭐6. Quantitative Analysis Technical indicators based on the current price of 0.89700: Moving Averages: Assuming the price is above key moving averages (e.g., 50-day or 200-day), this suggests an uptrend. Relative Strength Index (RSI): If not in overbought territory (e.g., below 70), there’s room for further gains. Support/Resistance Levels: Support: 0.8900 – A potential downside target if the trend reverses. Resistance: 0.9009 and 0.9026 – Upside targets if bullish momentum continues. Key Insight: Technicals suggest an uptrend, with potential to test higher resistance levels. ⭐7. Market Sentiment Analysis Sentiment gauged from trader behavior: Current Sentiment: Likely moderately bullish on USD/CHF, reflecting economic and technical factors. Contrarian Risk: Extreme bullish sentiment could signal a reversal, but current levels appear sustainable. Key Insight: Sentiment supports a bullish outlook, though traders should monitor for overcrowding. ⭐8. Positioning Trader positioning insights: Speculative Positions: Increased long positions in USD, as per COT data assumptions, indicate confidence in further gains. Institutional Flows: Higher US yields likely attract institutional capital to USD assets. Key Insight: Positioning reinforces the bullish case for USD/CHF. ⭐9. Next Trend Move Direction: Likely upward, driven by interest rate differentials, technical momentum, and economic strength. Key Insight: The next move favors an upward continuation, barring unexpected economic or geopolitical shifts. Short-Term Outlook: The USD/CHF pair could experience downward pressure in the near term, potentially testing key support levels such as 0.8900. If this level is breached, the pair might decline further toward 0.8850 or lower. ⭐10. Overall Summary Outlook Summary: The USD/CHF pair, at 0.89700 on March 4, 2025, exhibits a bullish outlook. Key drivers include the significant US-Switzerland interest rate differential (4.5% vs. 0.5%), stronger US GDP growth (2.3% vs. 0.2%), and higher inflation (3% vs. 0.4%). Technical indicators suggest an uptrend, supported by bullish trader positioning and declining commodity price expectations. Risks include potential global risk-off events boosting CHF’s safe-haven status or weaker-than-expected US data tempering Fed rate hike expectations. However, the prevailing trend points to further USD appreciation. 📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly. ⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits 💖Supporting our robbery plan 💥Hit the Boost Button💥 will enable us to effortlessly make and steal money 💰💵. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🤑🐱‍👤🤗🤩
by Thief_Trader
Bullish bounce?The Swissie (USD/CHF) is reacting off the pivot, which serves as a pullback support. A bounce from this level could indicate a double bottom pattern, potentially leading to a price rise toward the first resistance Pivot: 0.8774 1st Support: 0.8699 1st Resistance: 0.8863 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.
Long
by ICmarkets
1
USDCHF H4 | Bullish Rise Based on the H4 chart analysis, we can see that the price has just bounced off our buy entry at 0.8773, which is a pullback support that aligns with the 78.6% Fibonacci propjection Our take profit will be at 0.8856, which is a pullback resistance level. The stop loss will be placed at 0.8700, which is an overlap support 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 (fxcm.com/uk): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% 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 (fxcm.com/eu): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% 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 (fxcm.com/au): 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 fxcm.com/au Stratos Global LLC (fxcm.com/markets): 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.
Long
by FXCM
Bullish bounce off pullback support?USD/CHF is reacting off the support level, which is a pullback support. A bounce from this level could indicate a double bottom pattern, potentially leading to a price rise toward our take profit. Entry: 0.8778 Why we like it: There is a pullback support level that lines up with the 50% Fibonacci retracememt. Stop loss: 0.8696 Why we like it: There is a pullback support level that aligns with the 61.8% Fibonacci retracement. Take profit: 0.8916 Why we like it: There is an overlap resistance level that lines up with the 38.2% Fibonacci retracement. Enjoying your TradingView experience? Review us! 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.
Long
by VantageMarkets
USDCHF: Channel Down bottomed. Buy opportunity.USDCHF turned oversold on its 1D technical outlook (RSI = 30.423, MACD = -0.005, ADX = 28.684), hitting the LL bottom of the Channel Down. The 4H RSI has made a Double Bottom and this is technically an ideal level to start buying the pair again. We expect a +2.60% rise like the late January bullish wave that will test the 4H MA200. The trade is long, TP = 0.89900. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
1
USDCHF at Key Support Zone – Potential Rebound to 0.89000OANDA:USDCHF has reached a significant support zone, marked by prior price reactions and strong buying interest. This area has previously acted as a key demand zone, increasing the likelihood of a bullish bounce if buyers step in. If the price confirms support within this zone through bullish price action—such as long lower wicks or bullish engulfing candles—we could see a reversal toward 0.89000, a logical target based on previous market structure and price behavior. However, if the price breaks below this support zone and sustains, the bullish outlook would be invalidated, potentially leading to further downside. Just my take on support and resistance zones—not financial advice. Always confirm your setups and trade with solid risk management. Best of luck!
Long
by TrendDiva
9
USDCHF Bearish Momentum - Will It Reach 0.88580?OANDA:USDCHF has broken below a key support zone, which has now flipped to resistance, aligning with a potential bearish continuation. The recent retest of this level held successfully, indicating strong seller interest and reinforcing the bearish outlook. With momentum favoring the downside, the next logical target is 0.88580, aligning with the lower boundary of the descending channel. As long as the price remains below the resistance zone, the bearish bias stays intact.
Short
by DanieIM
9
Bullish bounce off overlap support?The Swissie (USD/CHF) is falling towards the pivot which acts as an overlap support and could bounce to the 1st resistance which has been identified as an overlap resistance. Pivot: 0.8808 1st Support: 0.8748 1st Resistance: 0.8919 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.
Long
by ICmarkets
1
Falling towards overlap support?USD/CHF is falling towards the support level which is a pullback support that lines up with the 61.8% Fibonacci projection and the 161.8% Fibonacci extension and could bounce from this level to our take profit. Entry: 0.8805 Why we like it: There is an overlap support level that line sup with the 61.8% Fibonacci projection and the 161.8% Fibonacci extension. Stop loss: 0.8751 Why we like it: There is a pullback support level that is slightly above the 100% Fibonacci projection. Take profit: 0.8912 Why we like it: There is an overlap resistance level Enjoying your TradingView experience? Review us! 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.
Long
by VantageMarkets