Usdchfbuy
Buying trend in channel for USDCHFHey folks, how's it going???? Here we have caught USDCHF in its uptrend channel. The pair seems to hit its support at 0.98781 and started moving upwards. In this H1 chart the pair started making higher high inside that channel. As per our analysis the pair will move in that channel while going towards its resistance. Since the pair is not going directly but inside a channel it might take some time.
Let us know what you people think. Whats your short/long term view.
Happy trading.
Ryan.R.Lopes
USDCHF - FOREX - 16. MAR. 2020Welcome to our weekly trade setup ( USDCHF )!
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1 HOUR
Slowly rising market and pressure at smaller timeframes.
4 HOUR
Bullish pullback in a bearish market.
DAILY
Great short entries, pump done, dumb following maybe, lets see..
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FOREX SETUP
SELL USDCHF
ENTRY LEVEL @ 0.95190
SL @ 0.96630
TP @ 0.92330
RR: 2.0
Use 0.5% risk!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
USDCHF#3--->Buy:$ / ₣
#Technical_analysis and #Orders
Good day, dear #investors and colleagues #traders!
Your attention a technical analysis of the currency pair #Usdchf:
#Comment_to_past_week:
The currency pair continued its decline in the previous week, having worked out the old correlation scheme: if #eurusd grows, then usdchf falls.
Investors continued to buy safe assets throughout the market.
The leaders of last week's growth were the franc and the yen.
Trading week ended for the asset with a decrease of 277 points (-2.87%).
#Technical analysis:
Globally (D1):
The currency pair has broken down the channel and is now heading to the key zone - 0.9315-0.9200. Investors notice this zone, since it was from the beginning of this zone that the pair was bought.
Locally (H1-H4):
The asset locally also broke through its downward channel and does not yet have a bright price level (technical, not mathematical), for at least some stabilization.
By tradition, we call the weekly support and resistance zones:
A) Support: 0.9242, 0.9119;
B) Resistance: 0.9448, 0.9580 & 0.9916;
#Orders_and_position:
- Leading indicators: demonstrate that the pair has entered the zone of potential purchases;
- Indicators of price behavior: demonstrate that at the moment, the price is not in the "normal phase" of its behavior, as a result of which opening positions is not recommended;
It is necessary to wait for the normalization of price behavior.
- Trend indicators: show a decline;
- Fundamental analysis:
Considering this asset, we need to take in the first place # SNB (Swiss National Bank). For the Swiss economy, an expensive franc is undesirable, as exports suffer from this.
Given that at the moment the rate is -0.75%, it is difficult to imagine that the Central Bank of Switzerland will lower the rate even more. Most likely, the Central Bank will carry out currency interventions, it is even possible that there is a risk of the minimum value of #eurchf returning to 1.20.
The question is, is it time?
Next time of the meeting of the SNB —-> 19.03
#Deal: Waiting.
At the current moment, opening transactions is undesirable, since the main indicator (Price Behavior Indicator) has come out of its normal state.
If the indicator returns to its normal position, we will try to open long positions.
You can follow all the changes on our monitoring:
MQL-->Cambellton-->WMCI_Asset_Management
Regards to subscribers,
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USDCHF: Analyse From Different PerspectivesContext
Analysing from the perspective of both the buyer and the seller is of paramount importance. By analysing from both perspectives, you would be able to weigh both charts and come to a stronger conclusion instead of looking at it from neutral eyes. Below are examples of the USDCHF charts whose structures are drawn from the sentiment of a seller.
Weekly chart of USDCHF.
Hourly chart of USDCHF.
It can be seen here that there is a clear bear flag right after the market breaks out of the structure.
The difference between the above images and the current chart is that they are both analysed from two different perspectives. In the previous chart where the consensus was to sell, I drew structures where it was in favour of the seller, without considering the eyes of the buyer. However, after clearing all of my drawing tools, I redrew the structures and found that a position to sell would be of better odds.
However, in this scenario, the probability of the market moving to the downside still exists. I merely drew two different charts and compared them side by side, using structures. I made the call after comparing them with a peer.
General Consensus
Prepare to buy. Redraw your structures from time to time.
Steps To Take
Prepare for a bull flag or signs of the market going down
Buy
USDCHF BUY MONTHLYA possibly bullish couple of months for USDCHF. We can see practically unbroken resistance around the 1.01945 region, and strong support along the 0.92994 area. This allows us to expect some bullish movement this month.When placing this trade, we can see resistance around 0.95499 which allows us to place our stops sparingly.
USDCHF BUY/LONG 1D DIVERGENCE + STOPHUNTIn this trade there are multiple confirmation to enter for the buy/long:
USDCHF:
Divergence On Daily
StopHunt On Daily
Watch For Another Potential StopHunt
Indexes:
SXY(Swiss Fran Dollar Index) - Showing Signs Of Weakness
DXY(Dollar Index) - Showing Signs Of Strength
USDCHF: Will institutions step in and push the price high soon?USDCHF is showing persistent weakness for more than 6 weeks now. However, it seems like the weakness is about to end.
0.9660 area has proved to be a decent demand area for a couple of weeks now which means this area is certainly keeping buyers interested.
But, sellers are also lurking in the 0.9730-0.9750 zone.
At this point, I believe we need some catalysts to push the price out of this consolidation zone.
Either way 0.9650-0.9670 is critical for buyers.
I will definitely look to buy into this market as it offers a low-risk set-up provided I see some signs of major buyers stepping in.
Alternatively, a clear break of the consolidation zone will see this market fall back to the next meaningful demand area at 0.9500
DISCLAIMER: This is merely a trading set-up. Whether I execute this trade will depend on many factors. I will update in my channel if I decide to take this trade.
#USDCHF, Ideal time to buyThe USDCHF stopped exactly at the support line at 0.965 and the declines were stopped.
The USDCHF is on the rise.
The RSI has dropped to the 33-point area that it points to Oversold, and 2 times before the indicator has dropped to this area, the USDCHF has averaged 400 pips
Target: 0.9820