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Usdchfshort

USDCHF | Perspective for the new week | follow- up detailThe momentum drive on the USDCF has been bullish since the beginning of the year and the breakout of the bearish trendline on the daily timeframe coupled with the appearance of a double top look-a-like structure during the latter part of last week's trade session could be a signal of a reversal phase evolving. However, I still hold a strong bullish bias on this pair and the proposed retracement move could be an attempt to retest the structure broken at the 0.95700 area 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 M30: Bearish outlook seen, further downside below 0.9830On the M30 time frame, a pullback to the resistance zone at 0.9830, in line with the Fibonacci confluence levels presents an opportunity to play the drop to the next support target at 0.9700 which is also the resistance-turned-support graphical zone and 61.8% Fibonacci retracement level. A break below the downside confirmation level at 0.9765 could provide the bearish acceleration to the support zone at 0.9700. Prices are holding below the Ichimoku cloud as well supporting the bearish bias.
Short
by T3-Consultancy
USD/CHF bulls fail at the previous high, time for a correction?USD/CHF bulls have failed to break the previous high near the 0.9875 level. We have a bearish candlestick formation at this level as shown in my chart. So, if the bulls fail to break the resistance level that I have highlighted in my chart, there is a chance for a correction in USD/CHF. Potential sellers can consider selling at the 0.9840-0.9875 level and depending on how the trade develops, TP can be set at 0.9630 level.
Short
by YourLazyTrader
6
USDCHF (US Dollars/Swiss Franc) Currencies Analysis 26/04/2022 Fundamental Analysis: NUMBER OF TRADERS NET-SHORT HAS INCREASED BY 5.22% FROM LAST WEEK. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS CHANGE IN OI USD/CHF BEARISH 49.71% 50.29% 4.44% Daily -10.07% Weekly 15.93% Daily 5.22% Weekly 9.92% Daily -2.98% Weekly USD/CHF: Retail trader data shows 49.71% of traders are net-long with the ratio of traders short to long at 1.01 to 1. In fact, traders have remained net-short since Mar 18 when USD/CHF traded near 0.93, price has moved 2.82% higher since then. The number of traders net-long is 4.44% higher than yesterday and 10.07% lower from last week, while the number of traders net-short is 15.93% higher than yesterday and 5.22% higher from last week. We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests USD/CHF prices may continue to rise. Our data shows traders are now net-short USD/CHF for the first time since Mar 18, 2022 when USD/CHF traded near 0.93. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/CHF-bullish contrarian trading bias. Technical Analysis: We can clearly see that the Bearish Divergence of Price and MACD has Started Forming in 6H time frame and it is one of the biggest signs that the bullish Trend is reversing and we can see some Price Correction on this Forex Instrument. we have defined 3 Targets using the Fibonacci Retracement Tools which we have forecasted the Price to fall. please check the Forecast
Short
by BitonGroup
2
SELL USDCHF??????We are now approaching a Weekly supply/sell zone starting at 0.975 where we had a huge sell off before. This is the first test/touch of this zone and given it has only taken 2 weeks to get back to this level from the last low we are highly likey to get a SELL off from here again. As you can see in the image above we have a small Daily SUPPLY/SELL zone between 0.975 -0.979 this is a good short SELL trade to target the 0.965 - 0.958 if this happens price may bounce back up well into the weekly zone then selling off heavily creating a new weekly low. I will look for short signals above 0.975 with a stop loss above 0.98 and profit target around 0.96 and long term SELL position will start positioning into a BIG position inside the zone to target a the long term weekly target starting at 0.93 this is the weekly zone were price took off from this year to cause the Yearly high we will go back down here. (SEE IMAGE BELOW) Hope you enjoyed this breakdown
Short
by TheFxAce
2
Outlook on USDCHF: Bearish play seenOn the H4 time frame, prices are testing a key resistance area at 0.9680 in line with the descending trend line, 61.8% Fibonacci retracement and 78.6% Fibonacci extension. We could see further downside in prices to the support target at 0.95500, which coincides with the 50% Fibonacci retracement. Stochastic is facing bearish pressure from its resistance and showing bearish divergence as well where we could see further downside, in line with prices.
Short
by shermzT
1