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Usdchfforecast

USDCHF | Perspective for the new weekWith over 150pips move in our direction since my last publication on this pair (see link below for reference purposes); the price appears to be back at our previous Key level @ Fr0.91950 (see link below for reference purposes) with multiple rejections emphasizing selling opportunity for me. It is obvious that the Greenback rose during the last three days before declining with approximately 0.3% intraday to Fr0.91690 level on Friday to close below Key level hereby signaling risk of further decline in the coming week(s). Tendency: Downtrend (Bearish) Structure: Breakdown | Supply & Demand | Harmonic pattern (AB = CD) | Trendline Observation: i. Since the price hit Fr0.92400 to form a Double top structure, we witnessed a dramatic decline in the last week. ii. A significant breakdown of Fr0.91900 - a level which held price "supported" between 9th and 13th of August 2021 dictated the prevailing direction of price action as the price comes back to this same level with multiple rejections (18th - 20th of Aug 2021) and high hopes of a risk of further decline. iii. 78.6& retracement of AB leg followed by Breakdown of Key level and Bullish Trendline reveals seller's strength at this juncture in the market. iv. Structure characterized by multiple rejections of Key zone @ Fr0.91950 coinciding with a 78.6% retracement of AB leg suggests a "possible" transition into a Harmonic pattern (AB = CD) with parameters explained below; a. Leg A-to-B is expected to be in harmony with the potential C-to-D leg. b. The B- to-C leg makes a 78.6% Fibonacci retracement of the A-to-B leg. c. The C-to-D leg is expected to fall within 127.2 - 1.414% Fib. ext . of the A-to-B move @ Fr0.90600/0.90400 area. iv. If price continues in the direction projected, we shall be looking forward to adding to our existing position at a breakdown/Retest of Fr0.91500... Trade consciously!😊 Risk/Reward : 1:5 Potential Duration: 2 to 5days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
USDCHF Daily analysis, Price directionHello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ The USD/CHF pair has been against a strong resistance zone at 0.92300 - 0.92500 with multiple top formations. USD/CHF went to the low of 0.9108 on August 4, after breaching 23.6% Fibonacci retracement, at 0.9192 However, the spot made a swift recovery back to the high of 0.9242 only to retrace toward 0.8140 in the previous week. 2 Different Scenarios for price movement in the next few days Scenario 1 : The price is trending close to the resistance line at 0.9164 a breakout of that line could indicate a change in the movement of the pair and the price could be headed near the second resistance zone at 0.92200 in the 23.60% Fibonacci level, and from there the Bulls will have to show a lot of support for the price to break that zone and change the trend. Scenario 1 : The price is getting closer to the support line at 0.9148 if the bears were able to break that line then a sudden change in price will happen and the bears will have enough moment to drive the price to near the 0.91100 support in the 50% Fibonacci level, where a test for the Bears power will happen and if they proved that they still hold control then most likely the price will drop below the 61.80 Fibonacci level and will be hitting the 0.90670 zone Technical indicators are showing that : 1) The market price just dropped below the 5 10 MA and EMA, we could be seeing a small bearish movement, The price is still above the 20 50 100 200 MA EMA. 2) The MACD is above the 0 line Showing a Bullish state in the market, with a positive crossover between the MACD line and The Signal Line. 3) The ADX is at 22.39 showing that the market is currently trending, With a positive crossover between the DI+ (23.54) and DI- (21.30). Support & Resistance points : support Resistance 1) 0.91480 1) 0.91640 2) 0.91100 2) 0.92200 3) 0.90670 3) 0.92870 Fundamental point of view : After touching the high of 0.9240 in the overnight session, USD/CHF continues to trade higher in the Asian trading hours on Friday The pair hovers in a narrow trade band with an upward bias. The appreciative move in the US dollar sponsored the move in the pair. The US dollar index remains strong above 93.00 The US Initial Jobless Claims fell for the third consecutive week, the readings came at 375K in the week ended on August 7 whereas, the Producer Purchase Index (PPI) gained 1% in July, higher than the market forecast of 0.6%. Meanwhile, Kansas City Federal Reserve President Esther George said that the time had come to end the central bank’s asset purchase program. On the other hand, the Swiss franc surrenders gains against the stronger US dollar. As for now, traders are waiting for the Swiss Producer and Import price, US Michigan Consumer Sentiment data to gauge the market sentiment. According to Fxstreet This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts for The Fundamental point of view, not financial advice. If you have any questions please ask and have a great day !! Thank you for reading.
by GabiDahduh
USDCHF H4 TIMEFRAME ANALYSIS (BUY)Both the Diamond pattern or setup and the head and shoulder pattern or setup are major reversal setups. Therefore in this analysis we have a combined reversal setup both happening together. This indicates that we are ready to move into a strong bullish trend. In this usdchf outlook We set our long orders above the current price expecting the trend reversal soon. We know what we are doing and we do what the market is doing. This is more than an institutional analysis. Invest wisely.Thank you for following Newjerusalemforex on tradingview.
Long
by Piptera-Digital-Solutions
USDCHF H1 TIMEFRAME ANALYSIS (buy)From the analysis done on USDCHF for now we consider to buy this pair because the price has reached a support level but if it breaks support to the downward we will consider entering short to the nearest major resistance zone below. But for now we set our pending orders to go long above the current price so that we don't get triggered to enter the market at the time we don't want. We know what we are doing and we do what the market is doing. This is more than an institutional analysis. Invest wisely. See you experiencing zero poverty.
Long
by Piptera-Digital-Solutions
USDCHF | Perspective for the new week | Follow-up detailsIt has been over 300pips run in our direction since my last publication on this pair (see link below for reference purposes) and the pattern of consolidation above our previous Key level @ Fr0.91500 (see previous publication) coupled with the significant Breakdown on the 8th of July 2021 informs a Bearish perspective that could either be a long term or most likely a short term. Tendency: Downtrend (Bearish) Structure: Breakdown | Supply & Demand | Channel | Reversal pattern Observation: i. Since price hit Fr0.92750; The price has continued to find lower lows with signs that project a loss in momentum for buyers as price action transposes into a Descending channel. ii. A dip below Bullish Trendline might open the path for a fall towards the Fr0.90600 region. iii. Even as I look forward to a Breakdown/Retest of Bullish Trendline within the Channel, Selling right below Fr0.91950 appears to be comfortable. iv. Connecting the lower highs and lower lows of price action in the last month with parallel trendlines reveals a downward trend. v. Breakdown/Retest of the Bullish Trendline in the coming week confirms the Bearish bias hereby allowing additions to the existing position. vi. Considering the impulse leg (Bullish) that began mid-June 2021 (see daily chart below), it is appropriate that we remain conscious as the price action might be going through a corrective phase and a Breakout/Retest of Channel to the upside shall see us switch to my previous publication (uptrend continuation)... Trade consciously!😊 b]Trading plan: SELL confirmation with a minimum potential profit of 120 pips. Risk/Reward : 1:7 Potential Duration: 2 to 5days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks, etc.) is high risk and unsuitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation before making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
1
USDCHF: my multi-time frame analysisHi Traders, This is my multi-timeframe analysis of #USDCHF #USDCHF BUY 0.9016 SL 0.892 TP 0.94 I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if specific rules are strictly respected. If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals. I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view. Thank You ——————————— Pietro from Trading Kitchen
Long
by kitchen_trading
USDCHF-long#USDCHF Analysis in H4 timeframe. The market will be going for a bullish move reason behind this move are 1) Previously market has formed a bull flag and made a bullish impulse up to falling resistance. 2) After touching the falling resistance market fell and formed a correction. 3) In the correction zone we observe a double botto m so there was a bullish impulse. 4) Same as the previous market has again formed a bull flag and will go for buy up to falling resistance. If you like our idea do show support by like and follow. It will be much appreciated if you share your opinion about the analysis in the comment section.
Long
by Forex_Guider