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Usdchfsignals

USDCHF Technical Analysis ⏳ Forex 💎 USDCHF has got rejected several times from a significant resistance. It has also formed an Ascending Triangle which is expected to break below the Support and goes lower. 🏁 Short & Medium Term 💵 Invest Only 2% of your Portfolio 🎳 Entry at market or 0.92180 ☕️ TP1 0.91650 🍺 TP2 0.90900 🍻 TP3 0.90000 🍾 TP4 _______ 🍷 TP5 _______ 🍸 TP6 _______ 🍹 TP7 _______ 🎁 TP8 _______ 🚫 SL 0.92750 Good Luck 🎲 Check the Links in Description and If you LIKE this analysis, Please support our page and Ideas by hitting the LIKE 👍 button. ❤️ Your Support is really appreciated! ❤️ Traders, if you have your own opinion about it, please write your own in the comment box. We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. We will have more FREE forecasts in TradingView soon Have a Profitable Day
Short
by Fibonacci-Signals
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
USDCHF | Perspective for the new week | Follow-up detailsIt has been over 300pips run in our direction since my last publication on this pair (see link below for reference purposes) and the pattern of consolidation above our previous Key level @ Fr0.91500 (see previous publication) coupled with the significant Breakdown on the 8th of July 2021 informs a Bearish perspective that could either be a long term or most likely a short term. Tendency: Downtrend (Bearish) Structure: Breakdown | Supply & Demand | Channel | Reversal pattern Observation: i. Since price hit Fr0.92750; The price has continued to find lower lows with signs that project a loss in momentum for buyers as price action transposes into a Descending channel. ii. A dip below Bullish Trendline might open the path for a fall towards the Fr0.90600 region. iii. Even as I look forward to a Breakdown/Retest of Bullish Trendline within the Channel, Selling right below Fr0.91950 appears to be comfortable. iv. Connecting the lower highs and lower lows of price action in the last month with parallel trendlines reveals a downward trend. v. Breakdown/Retest of the Bullish Trendline in the coming week confirms the Bearish bias hereby allowing additions to the existing position. vi. Considering the impulse leg (Bullish) that began mid-June 2021 (see daily chart below), it is appropriate that we remain conscious as the price action might be going through a corrective phase and a Breakout/Retest of Channel to the upside shall see us switch to my previous publication (uptrend continuation)... Trade consciously!😊 b]Trading plan: SELL confirmation with a minimum potential profit of 120 pips. Risk/Reward : 1:7 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.) is high risk and unsuitable 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 before 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
1
USDCHF | Perspective for the new week | Follow-upPrice has moved over 100pips in our direction since my last publication on this pair (see link below for reference purposes) and I am looking forward to a further dip to complete correction of the Breakout that happened on the 24th Feb 2021 to join the rally in the coming week(s). Following the Swiss National Bank (SNB) Chairman Thomas Jordan perspective that it shall continue to adopt a negative interest rate approach appears to pose a negative effect on the Swiss franc as the risk of further decline remain imminent even though it remains highly valued. Tendency: Uptrend ( Bullish ) Structure: Breakout | Supply & Demand | Harmonic pattern (AB = CD) Observation: i. Following the neckline Breakout, the price hit a peak of Fr0.94750 - a level that was immediately met with rejection as it rolled back down with a possible motive of making a Correction of the last Breakout (AB leg). ii. In this regard, I shall be looking forward to transposition into an AB = CD pattern 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 is expected to test 61.8% - Fr0.905000 (with the possibility of retracing into 78.6% - Fr0.89000 in the future) Fibonacci retracement of the A-to-B leg. c. The C-to-D leg is expected to extend within 127.2 - 1.414% Fib. ext. of the A-to-B move @ FR0.975000 area. iii. I must emphasize here that completion of retracement (BC leg) is what we are waiting for to join the rally and it is very possible that completion might be at the Demand zone which is around Fr0.890000/0.905000 before the rally begins. iv. However, should price decide not to retrace that dip, then a close above Key level @ Fr0.915000 shall be a yardstick for buying opportunity in the coming week... trade consciously :)! Trading plan: BUY confirmation with a minimum potential profit of 500 pips. Risk/Reward : 1:8 Potential Duration: 20 to 30days NB: his is a long term speculation and may be considered to make decisions on lower timeframes. 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.
Long
by darcsherry
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
USDCHF | Perspective for the new weekThe price moved in our direction (180pips) as predicted in my last speculation on this pair (see link below for reference purposes). After a 2 month long battle, Buyers finally broke above the key Fr0.89300 level (neckline) on Thursday... A complete reversal pattern is formed (Inverse Head and Shoulder) as I anticipate a rally soon. Tendency: Uptrend ( Bullish ) Structure: Reversal pattern (Inverse H & S)| Breakout | Supply & Demand Observation: i. It is fascinating to see how my Key Level @ Fr0.89000 becomes a decision maker last week after an emphatic breakout. ii. Buyers finally redeems the hope of going Long in the coming week(s). iii. After finding bottom @ Fr0.87600, Price has continued to appreciate as it keeps finding Higher Highs till the Breakout happens. iv. I can not ignore the appearance of the Inverse H & S (a very strong reversal pattern); Bearish Leg that began mid-2020 falls to make a Shoulder and then rises to the Neckline(Fr0.89000); price then falls again and below the former Shoulder to make a Head and then rises again; finally, the price falls again but not as far as the second Shoulder to usher in a successful Breakout. v. Looking forward to a correction into Demand zone as I shall watch out for significant spring up from this proposed new Demand area. Trading plan: BUY confirmation with a minimum potential profit of 200 pips. Risk/Reward : 1:4 Potential Duration: 10 to 20 days NB: This speculation can be considered to make decisions on lower timeframes. 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.
Long
by darcsherry
1
USD/CHF is Trying to Move UpsideHere's the 4H chart of the USD/CHF. Right now, it's moving sideways under the hurdle ( 0.8918 ). If the trend moves upside and crosses the dynamic resistance and hurdle trendline, then the hurdle will react as the support. And targets for the uptrend will be the following 0.8960 - 0.9000 . But if it falls and breaks the key level, then the target will be 0.8796 - 0.8760 . Technically the RSI is below its neutrality area at 50. But it's trying to cross this upwards. According to Stoch RSI, the trend is trying to move upwards.
by forextidings
1
USDCHF | Perspective for the new weekThis is a follow up to my last publication (see link below for reference purposes) as price action is confined within our reversal structure (Inverse H & S) and Range (Channel) with the tendency of a rally that might lead to the correction of the overall downtrend perspective. Tendency: Uptrend (Bullish) Structure: Reversal pattern | Breakout | Supply & Demand Observation: i. Since price action is caught within a Supply & Demand channel (Fr0.88200/0.89200), price is back at the Demand zone. ii. After the successful Breakout of Fr0.88400 at the beginning of the year, the price has been going through a corrective phase with visible rejection from the demand zone. iii. In the coming week(s), I shall be looking forward to 61.8/78.6 retracements to join the rally. iv. A significant Breakdown of Fr0.88200 in the coming week shall trigger a conscious approach as only an engulfing Bullish candle from this zone will be the signal to look out for. Trading plan: BUY confirmation with a minimum potential profit of 200 pips. Risk/Reward : 1:5 Potential Duration: 5 to 10 days NB: This speculation can be considered to make decisions on lower timeframes. 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.
Long
by darcsherry
3
USDCHF | Perspective for the new weekIn my last publication on this pair, I projected that the Bearish run that began in November 2020 has found a bottom and a reversal is at the corner (see link below for reference purposes), but unfortunately, it didn't go as expected as it took price exactly 30days to complete an Inverse H and S pattern (Reversal Pattern) with clues of how to hop in the rally. As USDCHF cap below Fr0.89200, a break above this zone in the coming week would complete a “Head and Shoulders” triggering corrective recovery above Fr0.89400 for a rally. Tendency: Uptrend ( Bullish ) Structure: Reversal pattern (Inverse H & S) | Supply & Demand Observation: i. Inverse H& S: Bearish Leg that began Nov. 2020 falls to make a Shoulder and then rises to the Neckline(Fr0.89200); price then falls again and below the former Shoulder to make a Head and then rises again; finally, the price falls again but not as far as the second Shoulder. ii. The Reversal pattern explained above supports a Breakout of the Neckline zone @ FR0.89400 in the coming weeks. iii. For the cautious, a successful Breakout followed by a Retest of this zone might be a signal to hop into the rally. iv. Please note that this is a counter-trend opportunity which might lead into a corrective phase of the obvious Downtrend. Trading plan: BUY confirmation with a minimum potential profit of 180 pips. Risk/Reward : 1:3 Potential Duration: 4 to 10 days NB: This speculation can be considered to make decisions on lower timeframes. 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.
Long
by darcsherry
2
USDCHF | Perspective for the new weekIt is over 200pips in our direction since my last publication on this pair (see link below for reference purposes) as price respects and completes my Descending channel expectations; The USD/CHF is rose sharply on Friday and climbed to Fr0.89000, thereby hitting it's the highest level since Wednesday. The question now is "Are we at a new Demand zone anticipating a surge?" Well, Let's see as price response to this key zone @ Fr0.88800 in the coming week shall either support or disagree with this bias. Tendency: Uptrend ( Bullish ) Structure: Reversal pattern | Breakout | Supply & Demand Observation: i. The Bearish run that began in November 2020 appears to have found the bottom to make a new Demand zone. ii. The spring of a Bullish engulfing candle on Friday do has a piece of underlying information that needs further confirmation to make a decision on this pair. iii. In this regard, Patience is key as I shall be looking out for a correction into the Demand zone followed by engulfing candles that will support a rally. iv. It is also appropriate that we do not ignore the strong breakout of the bearish trendline as the price appears not to respect it anymore. v. A significant breakdown of Fr0.88600 might consider this setup invalid as we continue to look for candles that support a surge from Demand zone. Trading plan: BUY confirmation with a minimum potential profit of 140 pips. Risk/Reward : 1:5 Potential Duration: 2 to 5 days NB: This speculation can be considered to make decisions on lower timeframes. 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.
Long
by darcsherry
USDCHF | Perspective for the new weekWith over 100pips running in profit since my last publication (see link below for reference purposes), the US dollar has continued its downtrend against the Swiss franc for the fourth consecutive day. Signs of a further decline in the Greenback continues to be emphatic as price breaks down and retest Fr0.90800 to make new Resistance level for future "sells". Tendency: Downtrend (Bearish ) Structure: Trend Channel | Breakdown| Supply & Demand Observation: i. Price appears to continue to respect the Downtrend that began in April 2019 as it gets caught in a Descending channel pattern. ii. Connecting the lower highs and lower lows of price with parallel trendlines support my downward trend bias. iii. Price making lower low since the beginning of the month points at the sellers' momentum at this juncture as we experienced a significant Breakdown followed by a retest of Fr0.90800 level last week. iv. For me, Fr0.90800 level shall be my yardstick (new Resistance level) for selling opportunities in the following week(s). Trading plan: SELL confirmation with a minimum potential profit of 150 pips. Risk/Reward: 1:5 Potential Duration: 1 to 4 days NB: This speculation can be considered to make decisions on lower timeframes. 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.
Short
by darcsherry
3
USDCHF | PERSPECTIVE FOR THE NEW WEEKOur last publication on this pair fetched 247pips profit (see link below for reference purposes); Price action caught within the sandwich of Supply and demand zone (bearish Rectangle) since the Impulse leg that began late April 2020, we continue to see the potential of shorting the USD/CHF pair despite the recent news regarding the COVID-19. Tendency: Downtrend ( Bearish ) Structure: Bearish Rectangle | Supply and Demand | Trend Observation: i. Within the Supply and Demand zone, it is observed that price continue to find it difficult to test the Supply zone since Sep. 2020. ii. Hence, justifying recent Lower Lows as the rejection of 0.92000 level on the 2nd & 11th Nov. 2020 (Double Top) points toward the risk of further decline in the coming week(s). iii. It is also worthy to note that the little Breakdown of 0.90000 in the previous week hints at the strength of the Sellers at this juncture. iv. Breakdown and retest of 0.90000 in the following week(s) will open a window for me to add volumes to my Sell positions. Trading plan: SELL confirmation with a minimum potential profit of 400 pips. Risk/Reward: 1:4 Potential Duration: 10 to 20 days NB: This speculation can be considered to make decisions on lower timeframes. 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.
Short
by darcsherry
2
USDCHF | PERSPECTIVE FOR THE WEEKIt has been a while since I published anything on USDCHF due to validity of previous bias. With over 300pips in our direction since last publication (see link below), it is now glaring that the present structure is so ripe for a reversal (at least a correction move since the downward spiral began in March 2020); As the Greenback pushed higher last week to close in the positive territory, Price broke above my Key level @ 0.91250 with signals that scream "Rally"! Tendency: Uptrend ( Bullish ) Structure: Trendline | Supply & Demand| Reversal Pattern | Breakout Observation: i. Since Impulsive decline that began mid-June 2020, Price action appears to have stalled in the Demand area and culminated to make a Double Bottom Structure signifying a Reversal structure. ii. Breakout of Bearish Trendline followed by an immediate restest @ 0.91000 which also coincides with the Breakout of Key level confirms the strength of Buyers. Trading plan: BUY confirmation with a minimum potential profit of 230 pips. Risk/Reward: 1:4 Potential Duration: 1 to 4 days NB: This speculation can be considered to make decisions on lower timeframes. 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.
Long
by darcsherry