USDCHF**USDCHF:**
This week's forecast is for a rise, expecting a test of the key levels above, with the first at 0.89516, the second at 0.89899 and the third at 0.90341.
CHFUSD trade ideas
USD/CHF Top-Down Analysis and Weekly Outlook1. Chart Phases and Wyckoff Elements
Phase A (Accumulation and Distribution):
This is marked in two key areas:
Phase A Accumulation (at the bottom left): Indicates the initial formation of the price bottom after a downtrend.
Phase A Distribution (at the top right): Indicates the potential for price topping before a reversal.
Key Wyckoff concepts in Accumulation:
SC (Selling Climax): The lowest point in the accumulation, showing strong selling followed by buying support.
AR (Automatic Rally): A sharp bounce indicating the end of panic selling.
ST (Secondary Test): Price retests previous lows to confirm strength.
Phase B and Phase C:
Phase B: Represents the price consolidation and preparation for the next trend direction.
Phase C: Tests the strength of the support/resistance and prepares for the breakout in the new trend.
2. Elliott Wave Annotations
Wave Count:
The chart includes Elliott Wave labeling, showing the progression through Wave (i), (ii), (iii), (iv), (v). This represents the impulse wave structure, typically seen in a trending market.
Wave 3 (0.89243): The critical third wave that must not be invalidated, as it would disrupt the Elliott structure. This is marked by the line labeled “INVALIDATION FOR WAVE 3”.
Fibonacci Relationships:
Several Fibonacci levels are referenced:
2.618 (0.88570): This suggests an extension level for Wave 3.
0.618 and 0.5 retracements: These indicate potential support or invalidation zones (e.g., 0.86657 at Wave 4).
0.382 (0.87179): Common retracement level within a corrective wave structure.
3. Volume Profile and Points of Control (POC)
POC Zones (Point of Control):
POC (3): Indicates a high-volume node where price consolidation occurred. This is an important area to watch for support/resistance transitions.
Volume Nodes:
These areas (shown with horizontal bars) represent where significant buying or selling occurred, which traders often use as benchmarks for future support/resistance.
4. Price Key Levels
Key Price Levels:
Support Line (AR Distribution): Found around 0.88121 in the upper-right section.
Resistance Lines:
0.88770: A resistance level labeled as BC Distribution.
0.89168: Another resistance level at the apex of the distribution.
Other Critical Levels:
0.83700: Marked as an “Invalidation Point” at the lower boundary, indicating where bullish scenarios are no longer valid.
0.86657: A potential stop-loss level mentioned within the Wave 4 corrective phase.
5. CHoCH, MSS, and OB Terms
CHoCH (Change of Character):
Found in the Phase B Accumulation zone, suggesting a potential trend reversal as the market transitions from a downtrend to an uptrend.
MSS (Market Structure Shift):
Similar to CHoCH, but specific to market structure breaking above key levels, confirming bullish momentum.
OB (Order Block):
Bullish OB (Potential Support): Found around 0.86551, indicating a high-probability area for price to react and potentially reverse upward.
6. Forecast Arrows and Future Price Paths
Projected Price Movement:
The red and gray arrows on the right predict potential paths:
A corrective move down to test lower levels (e.g., Wave 4 zones like 0.87116).
A final move upward to complete Wave 5 (above 0.89243).
7. Actionable Insights
Invalidation Points:
If the price moves below 0.83700, the bullish Elliott Wave structure would be invalidated.
For Wave 4, a retracement below 0.618 (0.85949) could disrupt the bullish count.
Possible Entries/Exits:
Entry Zone: Around 0.86551 (Bullish OB).
Target Levels: 0.88570 (Wave 3 extension), with further potential to 0.89168 (Wave 5 completion).
8. Key Takeaways
Accumulation (left) is transitioning into markup, while distribution (right) might signal an eventual top.
Use the Fibonacci levels for clear entry/exit setups, particularly:
Long entries near 0.86657 or 0.86551 (OB/POC).
Target profit levels at 0.87751 (Wave 4) and 0.89168 (Wave 5).
Institutional Supply: USD/CHF shortsHey,
One of the key plays for me this week are pullback plays on USD.
For me USD/CHF shapes up very good, I am short and I will look for scale-ins.
Analyse this counter zone for yourself by studying my prior post..
"How my zones work"
The intra-day chart on this one is probably shaping up as a double top.
Check out the 1hour and 4-hour.
Kind regards,
Max
USD/CHF H1 | Potential bullish breakoutUSD/CHF is rising towards a descending trendline and could potentially break above this level to climb higher.
Buy entry is at 0.8884 which is a potential breakout level.
Stop loss is at 0.8848 which is a level that lies underneath an overlap support and the 50.0% Fibonacci retracement level.
Take profit is at 0.8932 which is a level that aligns with the 127.2% Fibonacci extension level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Read The USDCHF MarketLet's Look at USDCHF Chart and Read the Price Action to find some trade opportunities, Good Luck With Your Trades <3
Bearish drop?The Swissie (USD/CHF) has reacted off the pivot and could drop to the 1st support which acts as a pullback support.
Pivot: 0.8917
1st Support: 0.8824
1st Resistance: 0.8991
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
gbp/chf buying setupgbp/chf buying setup, all momentun bullish, we will wait for simple retest area for buying swing trade. thanks
USD/CHF Bullish flag pattern Look at the perfect formation of a pattern in the USD/CHF where the price have been in a kind of consolidation where the price can exit on 5 to then continue to the upside.
USDCHF Alert: Rising Wedge with Bearish DivergenceThe USDCHF pair is currently forming a rising wedge pattern, coupled with a bearish divergence. This technical setup indicates a potential downward movement in the near term.
USDCHFWait for dropping to this price 0.87755
and then buy It's strong support zone
Take profit at 0..89500
USDCHFWait for dropping to this price 0.87755
and then buy It's strong support zone
Take profit at 0..89500
USDCHFWait for dropping to this zone 0.87755 and then buy it's strong support zone
Take profit 0.89500
Buy USDCHFIf we Draw Fibo Then Fibo is in 50 percent retrached.we will take entry of buy because Trend is Friend.
USD CHF Long opportunity This analysis is intended for long-term and swing traders. There appears to be a good opportunity to long USD/CHF. Please set your Stop Loss (SL) and Take Profit (TP) levels according to your trading strategy.
Please note, this is not financial advice—it's purely for educational and training purposes.
Good luck!
USDCHF HEAD AND SHOULDERSThe USD/CHF currency pair has recently exhibited a downward trend, driven by several key factors. Macroeconomic uncertainties, including global economic slowdown and geopolitical tensions, have increased demand for safe-haven assets like the Swiss franc, putting downward pressure on the pair. Divergent monetary policies, with the Federal Reserve maintaining a hawkish stance while the Swiss National Bank adopts a more neutral approach, further contribute to the pair's decline. Technical indicators also suggest bearish momentum, with breaches of significant support levels and potential moves below key moving averages. Traders should closely monitor economic data and central bank communications to inform their strategies.
+ head and shoulders = going down
USDCHF: Bullish After the News 🇺🇸🇨🇭
USDCHF looks bullish after a release of US fundamental news.
I see a double bottom pattern on an hourly and a bullish flag formation.
The price will most likely reach at least 0.8908 level.
❤️Please, support my work with like, thank you!❤️
Short idea on USDCHF 1HLooking to sell USDCHF
short trade ,looking for 1:1
Entry , Stop ,take profit on the chart
CONTINUE TO LONGUSDCHF REMAINS BULLISH, it has broken out of the falling wedge and also did break and retest for the wedge this will continue to go up ..
TARGET FOR THE LONG:0.90405
RESISTANCE:0.91233
SUPPORT:0.87071
USD/CHF SHORT FROM RESISTANCE
Hello, Friends!
The BB upper band is nearby so USD-CHF is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 0.876.
✅LIKE AND COMMENT MY IDEAS✅
USD/CHF ShortTechnical:
1. Overbought (like your Black Friday wishlist) USD on RSI and oscillating indicators, also known as "oscillators".
2. Price near long term support/resistance line, also know as "line". You didn't know that.
3. hourly and 4 hourly candles confirmed red. Very romantically.
Fundamental:
1. USD exhaustion after the frenzy, post America becoming great again, again.
2. Yesterday, Jerry Powel signalling no changes to rates near term. "No rush to cut interest rates".
3. No changes to Swiss interest rates until Dec/12. Next US Fed on Dec/18. The likely cut on the 12th likely to add bearish pressure on USD/CHF. So for now, we choose the bear.
Sentimental:
Myfxbook is +75% short on USD/CHF. Everything they say on myfxbook is 100% accurate. Some might even call it the gospel.
Potentially...could be very wrong, we don't know:
Entry: Sell 0.8900
Stop Loss: 0.8950
Take Profit: 0.8800
Carrot to stick ratio: 2 to 1, like a Lisa Ann movie
Trading isn’t gambling—unless you’re losing, then it’s data collection.
*This is NOT an investment advise. Only created for entertainment
USDCHF- ABCD patternMarket making series of HH and HL, projection taken throuhg ABCD pattern. Entry price on break of HH and HL defined. TP as per projection and RR of 1:1 and 1:2
USDCHF: Technicals Meet Diverging Dollar-Franc FundamentalsHey Traders!
In today’s trading session, we’re closely monitoring USD/CHF for a potential buying opportunity around the 0.88400 zone. Currently, USD/CHF is trading in an uptrend, but it’s in a correction phase and approaching the 0.88400 support and resistance area—a key level that could offer an entry point aligned with the ongoing trend.
Fundamental Insights: USD Strength vs. CHF Weakness
From a fundamental perspective, we’re seeing diverging influences on USD and CHF. A Trump victory could boost the dollar, as it may reintroduce inflationary pressures, paving the way for potential rate hikes and a stronger dollar outlook. In contrast, the Swiss franc may continue to soften, as the Swiss National Bank remains committed to a dovish stance, keeping monetary policy highly accommodative.
If these fundamentals align, USD/CHF could see upward momentum, with 0.88400 as a critical support level for this potential move.
Trade safe,
Joe
Time retracementSince the trend touched long term channel and it refuse more falls, therefore, we can hope for a price rotation.
