#USDCHF-Is it the Beginning Of the Big Move??Happy Weekend Everyone, USDCHF everyone have been expecting a strong bullish momentum to continue and fills the LQ VOIDED area. However, USDCHF has not been easy to trade with specially in last four weeks, we have to take this into consideration, and enter with correct risk management!
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ArmanShabanTrading |🟢 USDCHF : Another Bull Run ? Let's SeeAs you can see, after the last analysis of USDCHF and the target that we considered, I was expecting a price correction, and it started correcting exactly from the same price range and fell to the level of 0.92! Now, if the price stabilizes above 0.92, we can expect growth up to 0.931 as the first target and 0.932 to 0.933 as the second target!
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👤 Arman Shaban : @ArmanShabanTrading
📅 02.21.2023
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USDCHF Multi-time frame analysis This is a top-down analysis on USDCHF
Monthly Chart Analysis:
On the monthly chart, we can see that USDCHF has been in a downtrend since 2001 until 2011, where it formed a bottom and has been ranging since then. The range has been established between 0.8700 and 1.0300. The price action has been oscillating within this range for over a decade now, which suggests that the market is indecisive about the direction of the pair.
Weekly Chart Analysis:
On the weekly chart, we can see that USDCHF has been trading in a range for the last 5 years, with no clear direction. The range has been well-defined between 0.9400 and 1.0200. Within this range, we can see some minor trends on lower timeframes, but they are not strong enough to break the range boundaries.
Daily Chart Analysis:
On the daily chart, we can see that USDCHF has been oscillating within a narrower range between 0.9500 and 0.9900 for the last few months. We can observe some minor trends on this timeframe, but they are not strong enough to break the range boundaries. The recent price action has been choppy, with no clear direction.
4-Hour Chart Analysis:
On the 4-hour chart, we can see some short-term trends within the range boundaries. The recent price action shows some bullish momentum as the price broke above the 0.9800 resistance level. However, the price is currently trading below the 0.9900 resistance level, which suggests that the market is still indecisive about the direction of the pair.
Conclusion:
USDCHF has been trading in a range for over a decade now, with no clear direction. Traders who are looking for a trending market may find it challenging to trade this pair. However, traders who are comfortable trading ranges can find some opportunities within the range boundaries on lower timeframes. Currently, the pair is showing some bullish momentum, but the market is still indecisive about the direction of the pair. Therefore, traders should be cautious and wait for a clear break of the range boundaries before taking any significant trading positions.
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USDCHFThis pair has formed an descending channel with a 3 touches which means its a valid channel
so now we're waiting for a candle to close above the third and last touch to confirm the change of direction
But personally I prefer to wait for a trendline retest after breakout to enter the trade with a better entry point
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📌 Potential BUY setup for: USD/CHF👩🏽💻Technical: Over the past three months, the price of USD/CHF has been on a decline due to a weaker US dollar caused by lower inflation and expectations of lower interest rates. However, it appears that the price has found a strong bullish momentum from the 0.91155 level. The price is currently developing a bullish hammer on the weekly TF, which indicates a potential shift in the trend. On the 4 hour chart, the price has recently bounced, with both MAs additionally adding up to a confirmation list for a potential buy.
🎯 For an ideal entry: The price must break the channel and break above the resistance as I marked in the photo, push > exhaustion scenario and that would conclude that the breakout is confirmed.
USDCHF - Daily Trade Idea - 13-Feb-23USDCHF (LONG)- If all the support holds in place.
If we see the Support broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Green Candle after the Red Candle.
- Stochastic - Oversold Area
- Timing of entry Prior / during UK / US Market Session.
USDCHF - Bearish price action ✅Hello traders!
‼️ This is my perspective on USDCHF.
After the change of character I started to look for short positions. I expect bearish price action from here as price rejected from bearish order block. My target is price to fill the imbalance lower.
‼️Attention!!! Due to the fact that we have news on USD & CHF upcoming week, the analysis can be invalidated.
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USDCHF - Daily Trade Idea - 10-Feb-23USDCHF (LONG)- If all the support holds in place.
If we see the Support broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Green Candle after the Red Candle.
- Stochastic - Oversold Area
- Timing of entry Prior / during UK / US Market Session.
USDCHF - Daily Trade Idea - 9-Feb-23USDCHF (LONG)- If all the support holds in place.
If we see the Support broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Green Candle after the Red Candle.
- Stochastic - Oversold Area
- Timing of entry Prior / during UK / US Market Session.
USDCHF - Daily Trade Idea - 7-Feb-23USDCHF (LONG)- If all the support holds in place.
If we see the Support broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Green Candle after the Red Candle.
- Stochastic - Oversold Area
- Timing of entry Prior / during UK / US Market Session.
USDCHF with large daily net gains.USDCHF - Intraday - We look to Buy at 0.9201 (stop at 0.9169)
Yesterday's price action posted daily net gains of 127 pips.
We are trading at oversold extremes.
Short term bias has turned positive.
Bespoke support is located at 0.9195.
Our profit targets will be 0.9279 and 0.9289
Resistance: 0.9290 / 0.9315 / 0.9350
Support: 0.9250 / 0.9230 / 0.9195
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.
USDCHF - Daily Trade Idea - 6-Feb-23USDCHF (LONG)- If all the support holds in place.
If we see the Support broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Green Candle after the Red Candle.
- Stochastic - Oversold Area
- Timing of entry Prior / during UK / US Market Session.
USDCHF-LONGDear Traders, USDCHF price have not shown a reversal side since a month now, however, as we have FED news on 'interest rate' tomorrow it will decision making news. Taking that into consideration, we think price will touch the 'discounted area' before it flies off.
Wait for price to come to our area, once it is in the area then you can consider entering!!
GOOOD LUCK AND TRADE SAFE!!
USDCHF has turned positive.USDCHF - Intraday - We look to Buy at 0.9219 (stop at 0.9195)
Short term bias has turned positive.
Previous resistance at 0.9220 now becomes support.
50 4hour EMA is at 0.9275.
20 4hour EMA is at 0.9274.
We look for a temporary move lower.
Our profit targets will be 0.9278 and 0.9288
Resistance: 0.9260 / 0.9280 / 0.9300
Support: 0.9235 / 0.9220 / 0.9200
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.