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Usdchfbuy

USDCHF WEEKLY FORECAST - WB: 24/07/2023This is my analysis for the Pair USDCHF, week beginning 24/07/2023. As shown by the change of character on the 4 hour chart, USDCHF is now ready to return to its original point from where it broke, I have drawn out a POI and I expect the price to keep falling and reacting off of it and going to the next significant point. I would suggest to search for longs this coming week on the USDCHF especially where breaks towards the up occur. NOTE: This is not financial advice, please do your own research and be aware that any risks are being taken solely by you, the individual.
Long
by saintprincevvs
Long-Term Support Breakout: Short-Term Buy Opportunity?This currency pair presents an intriguing opportunity as it breaks through the long-term monthly support. However, confirmation of this breakout will depend on the closing of the candle at the end of the month. On the weekly charts, the price briefly dipped below 0.86 before closing the week above it. This level holds significance as it aligns with the weekly close area from the 2015 depegging. So, what can we expect next? In the short term, considering the extreme oversold conditions on lower timeframes, I will be observing a potential retracement towards the monthly breakout area around 0.88. My strategy for this pair involves waiting for an early next week dip below 0.86, followed by a buy signal on my TRFX indicator on a chart ranging from 4-hour to 12-hour timeframes. The target will be around 0.88, with the stop set well below the recent low, possibly around 0.85. For the long term, our focus may shift towards targeting the depegging low or the monthly buy/demand zone, starting around 0.80. Personally, I'd prefer to see a pullback to 0.88 and evaluate the monthly candle close to confirm the legitimacy of the breakout. I will provide regular updates on the progress as we navigate this trade opportunity.
Long
by TheFxAce
18
USDCHF : Long Trade , 1hHello traders, we want to check the USDCHF chart in the 1-hour time frame. The price is moving in an ascending channel and after breaking the key level between 0.89900 and 0.90000, it has pulled back to this level. We expect this. The level should act as a support level for us and maintain the upward trend and cause the price to grow up to the specified targets. Good luck. USDCHF buy Entry : 0.89980 Stop : 0.89395 , Target1 : 0.90575 , Target2 : 0.91155 Risk/Reward Ratio : 2
Long
by mrAT_Trader
4