Get started

Usdchfsignal

USD/CHF bounced off the 100day EMA, time to rise?Overview - USD/CHF has been in a state of steady decline over the past two weeks. However, it seems, a reversal might be on the way. Analysis - From the chart, you can see that USD/CHF has bounced from the 100 day EMA. A bullish candle has formed at that level. Today's daily candle will be important. If we have another bullish candle today then USD/CHF will probably continue to rise over the next few days. Probable trade set-up - A buy between 0.9120-0.9165 with SL below 0.9080 and TP at 0.94 is a probable trade signal. Disclaimer - This is simply an analysis and not a trade recommendation. The trades will be executed only if it meets the required criteria.
Long
by MarcellusLUX
12
USD/CHF may resume the uptrend very soonOverview - USD/CHF is in a correction wave from the last two weeks. However, price is currently finding support in the 0.9180 level and the uptrend may resume very soon. Let us analyze and take a look at a possible buy signal for USD/CHF. Analysis - From the chart, you can see that price is above the 100 day moving average, which indicates that the uptrend is intact. 0.9150 to 0.9220 could act as a strong support level. Bullish reversal candlesticks have already formed at the support level. Probable trade set-up - Based on this, a buy entry between 0.9170 to 0.9220 with SL below 0.91 and TP at 0.9470 is a possible buy signal for USD/CHF. Disclaimer - This is simply an analysis and not a trade recommendation. The trades will be executed only if it meets the required criteria.
Long
by MarcellusLUX
13
USDCHF BIG BUY/LONG OPPORTUNITY!Technical Analysis 1. Potential Inverse Head & Shoulders 2. Market broke out from Resistance Level and Retraced to Previous Resistance Now Turned SUPPORT 3. Area of Confluence with Horizontal Support Structure, Trendline Pivot Point, EMA 60 and 200 4. RSI current at OVERSOLD Level Projected Mirrors, Take Profits and Re-Entries Buy Entry: 0.92316 1st Take Profit: 0.96702 1st Re-Entry: 0.95522 2nd SAFE Take Profit: 0.98351 2nd Re-entry: 0.93886
Long
by traderprosignals
USDCHF | Perspective for the new week | Follow-upWe had a very good trading opportunity on our last trade on this pair as the price moved over 500pips in our direction since my last publication (see link below for reference purposes). Fr0.92300 has held price "Supported" five good times in the past hereby making this level a very viable Demand zone we can "trust". However, this same level has been a strong Support/Resistance level on the weekly chart (see below) and considering this character I shall be very careful here as a Breakdown might insinuate a risk of further decline... Let's take a look at what I think; Tendency: Neutral Structure: Breakdown | Supply & Demand | Trendline | Reversal Pattern (H and S) Observation: i. The Trendline indicated on the chart has been a significant factor in deciding the prevailing bias of participants in the market since December 2020 as price tend to follow in the direction of a Break above/below at any given point in time. ii. Since the break above of trendline (Fr0.91400) happened in early March 2021, Price has found a niche above Fr0.92200 which has become a strong Demand level. iii. Demand level is considered strong due to the number of times the price has rejected this level to the upside in the past (five times!). iv. Even as this level is considered strong, I am in a dilemma as the Breakdown of the Trendline during last week trading session might either be a false Breakdown or an incitation of a further decline in the nearest future should the price decide not to respect the Demand zone and do a Breakdown. v. To be on the safe side for a rally continuation, I shall be looking to buy above Neckline which will also be a Key level @ Fr0.92750 for Bullish expectations. vi. How to know if Breakdown is valid or not? When the price does not respect Demand zone and break down the Fr0.92000 area then we look forward to correction of Breakdown to join the decline train. vii. This been said, we can not ignore the Reversal setup forming on the Daily chart as I see a Head and Shoulder pattern forming should price rally in the coming week (see chart below). Trading plan: BUY confirmation with a minimum potential profit of 150 pips. SELL confirmation with a minimum potential profit of 170 pips. Risk/Reward : 1:5 Potential Duration: 5 to 10days 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 foreign exchange trading, CFDs, 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.
by darcsherry
2
Analyzing USD/CHF and taking a look at a low-risk buy set-upOverview - Recently, USD/CHF has slid below the 0.93 level. However, on the lower end of the 0.92 level there lies some support. Let's take a look at whether buyers have a good chance. Analysis - From the chart we can see 0.9220 level can provide some support if price drops to that level. Probable trade set-up - Based on the support level, a buy entry at 0.9220 with SL below 0.9180 and TP at 0.94 is a low-risk trade set-up. Disclaimer - This is simply an analysis and not a trade recommendation. The trades will be executed only if it meets the required criteria.
by MarcellusLUX
20