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Usdchfsignal

USDCHF , We should wait until ...Hello everyone I hope everybody have nice week In here in daily time frame after rally drop price we are in pullback and we have heavy resistance zone that shown on chart ( red zone ) in there we should take signal in lower time frame ( signal : hammer or descending cover or ... ) and we can get position too after getting reverse pattern like head and shoulders and please please check the chart in multi-time frame . We update the chart in future after the signal shown on chart but everyone be careful and attention to this area Did you exercise and watch this pattern in other charts ?? Good Luck Abtin
Short
by Abtin00
USDCHF Daily Analysis Hello everyone, as we all know the market action discounts everything :) _________________________________Make sure to Like and Follow if you like the idea_________________________________ During the Asian trading session on Thursday, the USD/CHF currency pair remained flat In the morning, after reporting gains overnight, the currency pair remained in a relatively narrow trading range with little movement. The USD/CHF exchange rate is currently at 0.9261, up just 0.001 percent since the start of trading. Scenarios for the market : Scenario 1 : The market is showing Bullish signs all around so most likely we will be seeing a push to the first resistance located at 0.9287 if the Bulls were able to keep control then the price will push further hitting the resistance at 0.9311 or even 0.9346 where they might have a problem with breaking out that zone. Scenario 2 : After the market reaches the first resistance of 0.9287 we might see a strong push from the Bears to drop the market back to the first support at 0.9227 where most likely the Bulls will gather a lot of power to take control back and drive the market price back up. Technical indicators show : 1) The market is above the 10 20 50 100 200 MA and EMA, But still below the 5 MA which could mean a very small drop before going up. 2) The MACD is above the 0 line which means the market is bullish, With a positive crossover between the MACD line and the Signal line. 3) The STOCH is in the high range showing Bullish signs, With a positive crossover between the %K (62.04) and %D (60.89) Daily Support & Resistance points : support Resistance 1) 0.9227 1) 0.9287 2) 0.9191 2) 0.9311 3) 0.9167 3) 0.9346 Fundamental point of view : The US Federal Reserve kept its short-term key rates unchanged in the range of 0% to 0.25% on Wednesday and said a “moderation” in asset purchasing would happen for further economic progress. The Federal Open Market Committee (FOMC) signaled a reduction in its $120 billion monthly bond purchase this year. In addition to that, US Fed Chair Jerome Powell hinted that tapering could occur as soon as in November or end in mid-2022. Furthermore, the FOMC economic projection painted a rosy picture about the economy as the Fed hiked its interest-rate outlook to 1% and 1.8% in 2023 and 2024 respectively. The economy is expected to expand by 3.8% and 2.5% in 2023 and 2024 as compared to the previous 3.3% and 2.4% projections respectively. On the other hand, the Swiss franc pares its previous gains on improved risk sentiment. On the economic data side, Switzerland's Current Account expanded to CHF 10.51 on a quarterly basis as compared to CHF 3.21 billion. As for now, traders wait for the Swiss National Bank (SNB) interest rate decision, US Initial Jobless Claims, and Markit manufacturing Purchasing Managers Index( PMI) to gain fresh trading impetus. According to Fxstreet. This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News 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.
Long
by GabiDahduh
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