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Could GBP/AUD reverse from here?Price is rising towards the pivot and could potentially fall to the 1st support which has been identified as an overlap support. Pivot: 1.13996 1st Support: 1.13163 1st Resistance: 1.14587 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.
Short
by ICmarkets
2
WEEKLY FOREX FORECAST: DXY, EUR, GBP, CAD, AUD, NZD, CHFThis is Part 2 of the Weekly Forex Forecast. In this video, we will cover: USD Index, EUR, GBP, CAD, AUD, NZD, CHF, JPY Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
by RT_Money
2
EURCHF to find buyers at previous resistance?EURCHF - 24h expiry Previous resistance at 0.9595 now becomes support. Our short term bias remains positive. Preferred trade is to buy on dips. Risk/Reward would be poor to call a buy from current levels. Our outlook is bullish. We look to Buy at 0.9595 (stop at 0.9569) Our profit targets will be 0.9660 and 0.9670 Resistance: 0.9625 / 0.9640 / 0.9660 Support: 0.9608 / 0.9595 / 0.9570 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
EURCHF Pump and dump in process.The EURCHF pair quickly delivered both of our Sell Targets that we set on our last analysis (May 22, see chart below) with a brutal sell-off that sharply broke even below the 0.618 Fibonacci retracement level: Since last time we saw striking similarities between the Legs of this 2-year Channel Down, we have to make clear that the 0.618 Fib was where the March 15 2023 Low was formed and then rebounded to the 1.236 Fib only to get rejected again in the expansion process of the Bearish Leg. As a result, we expect a short-term pump to that level, which we will short and target 0.95500 (middle level of the Channel Down as on May 22 2023). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
Falling towards 23.6% Fibonacci support?CAD/CHF is falling towards the pivot and could potentially bounce to the 1st resistance. Pivot: 0.65290 1st Support: 0.64969 1st Resistance: 0.65874 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.
Long
by ICmarkets
3
Bearish reversal?USD/CHF is rising towards the pivot and could reverse from this level to the pullback support. Pivot: 0.8961 1st Support: 0.8887 1st Resistance: 0.8989 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.
Short
by ICmarkets
1
Falling towards 38.2% Fibonacci support?USD/CHF is rising towards a resistance level which is an overlap resistance that is slightly below the 78.6% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.8947 Why we like it: There is an overlap resistance which is slightly below the 78.6% Fibonacci retracement. Stop loss: 0.8982 Why we like it: There is a pullback resistance level Take profit: 0.8893 Why we like it: There is a pullback support level. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Short
by VantageMarkets
Bullish bounce off 23.6% Fibonacci support?GBP/CHF has just bounced off the pivot which has been identified as a pullback support and could potentially rise to the 1st resistance. Pivot: 1.1312 1st Support: 1.1269 1st Resistance: 1.1372 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.
Long
by ICmarkets
WEEKLY FOREX FORECAST: DXY, EUR, GBP, CAD, AUD, NZD, CHFWelcome to another Weekly Forex Forecast. In this video, we will cover: USD Index EUR GBP AUD CAD NZD CHF Like and subscribe if you like the video. Thank you! May profits be upon you. Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
CME:6S1!
by RT_Money
GBPCHF: French Election Risk May Increase Demand on CHFHey Traders, in the coming week we are monitoring GBPCHF for a selling opportunity around 1.13900 zone, GBPCHF was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.13900 support and resistance zone. Fundamentally with the current risk on the EURO with French election the demand on CHF may increase despite the rate cut as it's considered a safe haven. Trade safe, Joe.
Short
by JoeChampion
2
EUR/CHF: Navigating SNB Cut and French Election DynamicsHey Traders, In today's trading session, we are closely observing the EUR/CHF pair for a potential selling opportunity around the 0.95500 zone. This level is identified as a key support and resistance area, aligning with the ongoing downtrend. The pair is currently in a corrective phase, approaching the trend line near the 0.95500 level. Recent Developments: Swiss National Bank (SNB) Policy Adjustment: Yesterday, the SNB implemented a 25 basis points rate cut. This move typically signals a dovish monetary stance, which might initially weaken the Swiss Franc. French Elections: As we approach the French elections, demand for the Swiss Franc is anticipated to remain robust. Political uncertainty often drives investors towards safe-haven currencies like the CHF. Given these dynamics, we expect the recent SNB rate cut's impact on the Swiss Franc to be temporary. The heightened demand for the Franc amid electoral uncertainty should bolster its strength, making the 0.95500 zone a critical level to watch for potential selling opportunities in the EUR/CHF pair. Best Regards, Joe
Short
by JoeChampion
2
USD/CHF The provided chart shows the USD/CHF (U.S. Dollar to Swiss Franc) currency pair on a daily timeframe. Here's a technical analysis with a focus on liquidity and the bullish trend: 1. **Market Structure**: - The overall trend from October 2023 to January 2024 is bearish. - A reversal occurs at the beginning of 2024, leading to a bullish trend until around May 2024. - Since May 2024, the trend appears to be bearish again, but recent price action shows a potential reversal. 2. **Key Levels**: - **Liquidity Levels (LQ)**: Marked at around 0.92500 and 0.91500, indicating areas where liquidity may be grabbed. - **Order Block (OB)**: An order block is identified around 0.88100, serving as a potential support zone. 3. **Recent Price Action**: - The price dropped to the OB level around mid-June 2024, indicating a potential area where buyers might step in. - After touching the OB, the price shows a bullish response, indicating a potential grab of liquidity below recent lows to fuel a reversal. 4. **Bullish Reversal Signs**: - The bounce from the OB suggests that buyers are interested in this level. - If the price sustains above the OB and breaks above recent highs, it could confirm a bullish trend continuation. 5. **Potential Scenarios**: - **Bullish Continuation**: If the price breaks above the recent high of around 0.90000, it may aim for the liquidity levels (LQ) around 0.91500 and 0.92500. - **Bearish Rejection**: If the price fails to sustain above the OB and drops below it, the bearish trend may continue, targeting lower support levels. In conclusion, the chart suggests a potential bullish reversal from the OB level, with significant liquidity levels above serving as potential targets. Traders should watch for confirmations such as a break above recent highs for a bullish continuation.
Long
by DrGhanizadeh
Bullish rise?AUD/CHF is falling towards the pivot and could bounce to the overlap resistance. Pivot: 0.59186 1st Support: 0.58883 1st Resistance: 0.59720 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.
Long
by ICmarkets
SNB cuts again, CHF weakensThe Swiss National Bank came out again with another cut. This move weakened the CHF against its major counterparts. #usdchf FX_IDC:USDCHF EASYMARKETS:USDCHF Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. 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. easyMarkets 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.
by easyMarkets
USDCHF Sell opportunity on perfect symmetry.The USDCHF pair broke this week below the 1D MA200 (orange trend-line) for the firs time since March 14 and is extending a downtrend that started on the May 01 2024 Top, a rejection on the 1W MA200 (red trend-line). The last time we had a similar (near) rejection was on the October 03 2023 Top, which also initiated a downtrend. That structure targeted the 1.5 and 2.5 Fibonacci extension levels in succession. With the 1D RSI sequences among the two fractals showing tight symmetry, we see now the final sell opportunity to target the 2.5 Fib. Our Target is at 0.87000 (within Support 1 and Fib 2.5). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
USD/CHF downtrend pauses for breath ahead of SNBThere is quite a bit of uncertainty with today's SNB rate decision, over whether they'll cut or hold. And that has seen the 1--day implied volatility level more than double its 20-day average. The market is clearly in a downtrend on the daily chart, having broken key support on Tuesday. Prices are now consolidating above the weekly S1 pivot on the hourly chart. If the SNB do cut and spark a rebound on USD/CHF, the preference is to step aside and seek evidence of a swing high. This is because we now know the SNB no longer want a weaker currency, so any upshot today is likely to be temporary. And this scenario would be preferred as it allows for an improved reward to risk ratio. However, as the decline of the inflation rate rate is slowing, growth was stronger than expected and the SNB do not want a weaker currency, a hold seems more likely. In which case, a move towards 0.88 is on the cards near the high-volume node of the prior uptrend and the lower 1-day implied volatility band.
Short
by CityIndex
Potential bullish rise?USD/CHF is currently reacting on the pivot which has been identified as a pullback support and could rise to the 1st resistance. Pivot: 0.8840 1st Support: 0.8793 1st Resistance: 0.8892 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.
Long
by ICmarkets
Heading into 50% Fibonacci resistance?GBP/CHF is rising towards a resistance level which is a pullback resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.13675 Why we like it: There is a pullback resistance level which aligns with he 50% Fibonacci retracement. Stop loss: 1.14435 Why we like it: There is a pullback resistance level. Take profit: 1.12186 Why we like it: There is a pullback support level. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Short
by VantageMarkets
Bullish bounce?USD/CHF is falling towards the pivot and could bounce to the pullback resistance. Pivot: 0.8883 1st Support: 0.8840 1st Resistance: 0.8983 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.
Long
by ICmarkets
BofA sees Aussie dollar outperforming Bank of America anticipates diverging monetary policy paths between the Reserve Bank of Australia (RBA) and the Swiss National Bank (SNB) after their respective June meetings, with the RBA seen as one of the last major central banks to cut interest rates. The Wall Street bank's view was reinforced by robust Australian labor market data, suggesting potential for the RBA to maintain higher rates for longer. "An unambiguously strong jobs report has further strengthened our conviction in higher-for-longer trades," said Adarsh Sinha, a strategist at Bank of America. Australian employment jumped by 39,700 in May, beating forecasts of 30,000, driven by full-time hiring as unemployment fell, official data showed. "We see this as a good entry point for adding higher-for-longer trades, including our recommendation to buy carry-rich AUD/CHF," Sinha added. Earlier this year, Sinha made similar calls favoring the Australian dollar on expectations the RBA would lag peers in lowering rates. He cited other factors supporting potential Aussie outperformance in 2024, including a less restrictive RBA policy rate versus other economies, bearish China sentiment subsiding, and Australia's solid fiscal position. Elias Haddad, senior markets strategist at Brown Brothers Harriman, said he expected the Aussie to gain ground versus the Canadian dollar too, as the RBA is in no rush to cut rates unlike the Bank of Canada.
by BlackBull_Markets