Get started

Usdchfidea

USD/CHF- Will Complete Head And Shoulders Pattern?Here's the USD/CHF 15m Chart, and we can see here the possibility of the Head and Shoulders. The last shoulder in the making process. The trend has to cross the following levels ( 0.8886 - 0.8896 - 0.8900 )to make the shoulder, and it will go up to around 0.8906 . After that, it will start to fall and touch the neckline ( 0.8871 ), and then after crossing the neckline, there can be a short reversal, but it will fall to the following target 0.8866 - 0.8859 . But what if it starts to march upwards? If the trend continues to move upside, that means the failure of the head and shoulders pattern. And the targets for the uptrend will be 0.8910 - 0.8913 - 0.8920 . Fibonacci Retracement: Swing high: 0.9174 Swing low: 0.8822
by forextidings
USDCHF- 0.88 - 0.87 looks like a strong support areaUSD/CHF - a map for the future USDCHF has been in a huge downtrend cycle lasting 40 years from 1971 until 2011 In truth the top was in 1970, therefore perhaps it could be even a 50 year cycle ending in 2020. By the way, 0.88 - 0.87 is a confluence of several systems of analysis and therefore looks like a strong support area, perhaps capable of a valuable bounce for the price, or even to start a reversal. The price have already made kind of a double bottom in 2011 and 2015, and it seems approaching again the same rising trendline and the price could tap it around september/October. This would be a triple touch of the trendline, which, if the price would hold above it with weekly candle close, would be really likely to develop a reversal formation for a while. By the way, in the charts there are 4 important rising trendlines, as well as all the other main horizontal support and resistance which could be useful to assess other trades in the future. L.S. MASTER TRADING SYSTEM
Long
by themaster5
2
USDCHF| FALLING WEDGE|ANALYSISPRICE ACTION: • Price action finds first resistance (1), where it reverses direction and goes downwards till finding first support (2). • Price action reverse direction from support (2) and goes upwards, till finding the second resistance (3) which must be lower than the first resistance (1). • Price action reverse direction from resistance (3) and goes downwards, till finding the second support (4), which must be lower than the first support (2). • The pattern is completed when price action reverse direction from (4) and goes upwards till it breaks the wedge's upper border at point (5). TRADING THE PATTERN • Trade entry: after breaking the wedge's upper border at point (5), with an entry after confirming the breakout. • Take profit: identified by measuring the vertical distance from the wedge's highest high (1) to the wedge's lower border, that measurement is then applied from the breakout point (5). • Stop loss: the wedge's lowest low (4). PLEASE LIKE THE IDEA IF YOU FOUND IT USEFUL.
Long
by regoratilephalaworld
USDCHF Top-Down Analysis (Long then Short)Hello Traders, Here is the Top-Down Analysis of USDCHF (Monthly, Weekly, Daily for direction and 4H for entry) for Week 50 - Dec 07 M > Price has been bearish for 3rd month in a row and is testing monthly demand level now. Price can continue with its drop if it fails to correct itself, we can see bullish divergence hence some short term correction can be expected. W > We can see nice bullish divergence and can expect correction to the upside. D> Market closed the week with minor correction to the upside. We can see an over extended M formation and can have two possible targets. As per COT CHF closed Long and added few Short with strongly +ve net positions. SXY has been gaining strength for past 3 weeks with a massive gain last week. We can expect some correction this week as strong bearish divergence can be seen for SXY. 4H > We can see rejection of price at demand level and expect bullish correctional move. Pair Correlation > USDCHF has negative correlation with EURUSD. This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section share your view or ask questions. Thank You AP17FX
Long
by AP17FX
USDCHF 100 Pips Swing trade Will it break 100,200 EMA resistanceUSDCHF ********* ⏳14 Hour chart 🎲 Swing trade ⛳️Bullish entry —————-❇️——————- Detailed analysis 💬 1️⃣ 0.90000 Swiss national bank intervention level 2️⃣ 0.90000 Strong trend reversal area 3️⃣ Positive risk sentiment, Vaccine news, Selling off CHF 4️⃣ RSI has reached around 39.00 Oversold condition 5️⃣ MACD about to cross the signal line, histogram is slowly fading towards green 6️⃣ Stochastic reached below 25 Oversold condition 7️⃣ Short term Technical support - Bullish 8️⃣ 50,100,200 EMA cluster resistance for bull 9️⃣ Bollinger bands reached lower side of the band 🔟 Possible swing target-0.91400 (23.6% Fibonacci) Point of control area #️⃣ Overall long-term trend- Bearish —————-⚜️——————- Bullish entry #usdchf Entry price -0.90400 Take profit 01 - 0.90900 (50 Pips) Take profit 02 - 0.91400 (100 Pips) 🚫 Stop lose 0.90050 ( 35 Pips) ⬆️ 1.11% Growth expected ⤴️ Account growth .39 : 1.11 ✅ Risk reward ratio 1 : 2.84 —————-⚜️——————-
Long
by forexorbit
USD/CHF on strong support level.Currently, USD/CHF is trading at 0.9033. The pair is trading in between resistance and support wedges from last 4 months and now the price has touched the support level. It can rebound back from here to start a new up trend. If the price moves upward and break 0.9068 price level, then it can move towards its resistance and its first target price will be at 0.9151 and second target price at 0.9202. Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and Ideas. Thank you, Rishikesh Lilawat
Long
by rishililawat5