Achf to watch for shorting it...Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Looking to short Achf, chf crosses looks like they are turning...watching.
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
-- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! --
*********************************************************************
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
*********************************************************************
Chf
EURCHF Breakout and Potential retraceHey Traders, in today's trading session we are monitoring EURCHF for a buying opportunity around 0.96700 zone, EURCHF was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.96700 support and resistance area.
Trade safe, Joe.
NZDCHF - Already Over-Bought ↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 NZDCHF has been overall bullish , trading within the rising channel in blue.
However, it is currently approaching the upper bound of the channel again acting as a non-horizontal resistance.
Moreover, it is retesting a strong resistance zone at 0.55 - 0.552 marked in green.
🏹 Thus, the highlighted blue circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper blue trendline.
📚 As per my trading style:
As #NZDCHF approaches the blue circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
USD/CHF has a strong bullish momentum, could it rise further?The price is falling toward a support level, which is a pullback support level that aligns with the 61.8% Fibonacci retracement; it could bounce from this level to our take profit target.
Entry: 0.90583
Why we like it:
There is a pullback support level which aligns with the 61.8% Fibonacci retracement.
Stop loss: 0.89995
Why we like it:
There is a pullback support level which aligns with the 50% Fibonacci retracement.
Take profit: 0.91465
Why we like it:
There is a pullback resistance 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.
CHFJPY: Rising on the 1D MA200.CHFJPY is neutral on its 1D technical outlook (RSI = 50.785, MACD = -0.360, ADX = 31.970) as the price action is ranged between the 1D MA50 and 1D MA200. The dominant pattern is a Channel Up however and with the price rebounding on the 1D MA200 (unbroken since March 29 2023) and the 1D MACD has formed a Bullish Cross, we expect the new HH leg to start. Our target is the R1 level (TP = 171.500).
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
USDCHF: Strategies Amidst Contrasting Economic LandscapesAttention Traders,
In today's trading session, our sights are set on USDCHF, where a potential buying opportunity looms around the 0.90150 zone. USDCHF currently rides an uptrend but undergoes a corrective phase, edging closer to the pivotal 0.90150 support and resistance juncture.
Adding depth to our analysis, the fundamental landscape underscores the bullish prospects for USDCHF. The US Dollar stands as one of the top performers, fueled by the recent Non-Farm Payrolls (NFP) report surpassing expectations. Furthermore, amidst market uncertainty, investors seek refuge in the USD's safe-haven status, contributing to its strength.
Notably, tomorrow brings a crucial event on the economic calendar: the release of the Consumer Price Index (CPI). Should CPI data unveil a hotter-than-expected figure, it could ignite a surge in USDCHF, amplifying the pair's upward trajectory.
Conversely, the Swiss National Bank (SNB) adopts a dovish stance, given easing inflation in Switzerland. This contrast in monetary policies between the Federal Reserve and the SNB further bolsters USDCHF's bullish sentiment.
As we navigate these dynamics, it's vital to remain vigilant and adaptable. USDCHF's potential buying opportunity at 0.90150 presents a compelling prospect amidst a backdrop of shifting fundamentals and market uncertainties.
Trade prudently,
Joe.
A NOKout in round 1 - Why the NOK will win 2024Over the past two years, the Norwegian krone has undoubtedly been one of the big losers in the FX market.
Not only has it embarrassingly been constantly beaten up even against the EUR and traded at an all-time low, no, since November 2022 it has bottomed vs. ALL G10 currencies.
This was hardly surprising as almost all fundamental factors spoke against the NOK.
However, the tide will turn dramatically in 2024:
NOK positive:
➡️ Energy prices appear to have bottomed out and could rise again🟢
➡️ The oil price seems to be stabilising around the USD 60-70 mark and could rise in the event of a soft landing🟢
➡️ January and February are seasonally positive for the NOK🟢
➡️ Norges Bank surprised EVERYONE in December by raising interest rates again🟢
➡️ Norges Bank enters 2024 as one of the hawkishest of the G10 central banks
➡️ A further rate hike by Norges Bank in early 2024 cannot be ruled out🟢
➡️ It would raise interest rates while virtually all other central banks would be in rate cut mode🟢
➡️ Norges Bank will drastically reduce its NOK purchases from January (as previously announced by me in the NOKSEK Tradeidee ), see here:
EURCHF: Channel Down top. Sell.EURCHF is approaching the top of the multi year Channel Down pattern with 1D on bullish technicals (RSI = 66.643, MACD = 0.006, ADX = 55.830) but with a weekly chart almost overbought. The 1D RSI has already posted its first LL which suggest an underlying Bearish Divergence. We turn bearish on this pair targeting the 0.5 Fibonacci (TP = 0.9600) like the previous corrective wave did.
See how our prior idea has worked out:
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
USDCHF continues to hold back the bears.USDCHF - 24h expiry
0.9000 continues to hold back the bears.
We look to buy dips.
Posted a Double Bottom formation.
0.8998 has been pivotal.
Daily signals are bullish.
We look to Buy at 0.9003 (stop at 0.8977)
Our profit targets will be 0.9068 and 0.9078
Resistance: 0.9060 / 0.9075 / 0.9095
Support: 0.9040 / 0.9020 / 0.9000
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.
Buy CHFJPY Triangle BreakoutThe CHF/JPY pair on the M30 timeframe presents a potentially interesting situation with a triangle breakout pattern.
Potential Long Trade :
Entry: Above the broken resistance line of the triangle, ideally around 167.60 after confirmation.
Target Levels:
168.75: This represents the height of the triangle, measured from the apex (highest or lowest point) to the base (opposite trendline), projected upwards from the breakout point.
169.18: This is a further extension of the upside target, based on the height of the recent price movement.
Stop-Loss: Place a stop-loss order below the broken resistance line of the triangle, ideally around 167.45. This helps limit potential losses if the price fails to break out and reverses downwards.
Thank you.
USDCHF, the previous S/R levels.USDCHF / 1D
Hello Traders, welcome back to another market breakdown.
USDCHF is trading in a downtrend. However, the price bounced back from a Macro level which sent the price up changing the current trend.
Probability suggests we get at least a few more sideways for now down then another leg higher.
Check out the chart for what I'll be waiting for after price action confirmation on LTF.
Trade safely,
Trader Leo.
Swiss Franc can exit from pennant and try to break support levelHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price some time ago broke the support level, which coincided with the buyer zone and rose a little higher, after which CHF made a retest to the 0.8840 level. Then, the price entered an upward pennant and made at once strong impulse up from the support line to the current support level, which coincided with the support area, but when CHF reached this level, it made a fake breakout and fell below. After this, the Swiss Franc in a short time rose back to the 0.9000 level and broke it, after which continued to move up. But soon, the price rebounded down to the support area, where it some time traded and then rose to the resistance line of the pennant. Next, CHF turned around and declined back to the support area, where at the moment, it continues to trades near the support level and line of pennant. In my opinion, the Swiss Franc can rise from the support line to almost the resistance line of the pennant and then rebound down to 0.8935 points, thereby exiting from this pattern and breaking the current support level. Please share this idea with your friends and click Boost 🚀
Fundamental Factors: SNB vs. Federal Reserve DynamicsGreetings Traders,
In tomorrow's trading session, our focus is on USDCHF, with a keen eye on a potential buying opportunity around the 0.90000 zone. Currently, USDCHF is entrenched in an uptrend but undergoing a corrective phase, nearing the significant support-turned-resistance level at 0.90000.
Adding depth to our analysis, a fundamental layer underscores our bullish stance on further upsides for USDCHF. One primary factor driving this conviction is the contrasting monetary policies between the Swiss National Bank (SNB) and the Federal Reserve.
In the United States, inflation remains a pressing concern, prompting the Federal Reserve to maintain a vigilant stance. This commitment to combating inflation is expected to lend support to the US Dollar.
Conversely, the SNB has adopted a dovish stance, particularly in response to easing inflationary pressures in Switzerland. This dovish approach may entail accommodative monetary policies, such as maintaining negative interest rates or intervening in currency markets to curb Swiss Franc strength.
Given this backdrop, the divergence in monetary policy trajectories between the two central banks is likely to favor USDCHF bulls. The combination of a proactive Federal Reserve and a dovish SNB sets the stage for potential appreciation in the USDCHF pair.
As always, thorough risk management and adherence to trading strategies are paramount in navigating market dynamics. Wishing you success in your trading endeavors!
Uchf seeing potential topping off from D1 key zoneHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Potential flipping on the h4, if it doesn't probably gonna continue its upwards move. Watch on its crosses too .
Do check out my stream video for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
-- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! --
*********************************************************************
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
*********************************************************************
USDCHF to breakdown?USDCHF - Intraday
The bearish engulfing candle on the 4 hour chart is negative for sentiment.
0.8999 has been pivotal.
A break of bespoke support at 0.9000, and the move lower is already underway.
We look for losses to be extended today.
A higher correction is expected.
We look to Sell a break of 0.8998 (stop at 0.9030)
Our profit targets will be 0.8918 and 0.8908
Resistance: 0.9030 / 0.9050 / 0.9070
Support: 0.9000 / 0.8970 / 0.8945
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.
AUDCHF 1D Golden Cross signaling a decline. Best sell in market.The AUDCHF pair has just formed a Golden Cross on the 1D time-frame but even though it is theoretically a bullish structure, it hasn't historically behaved as such for this pair. We view its effect on the 1W time-frame in order to go as back in time as possible and get conclusions.
In the past 10 years (since the May 2014 1D Golden Cross, which was bullish) there have been 5 such formations, all of which made the pair peak either before or on the Cross and delivered a Lower Low, in some instances even with brutal sell-offs.
In the last 2 occurrences, the 1D Golden Cross started Channel Down declines that both hit at least the 1D MA200 (orange trend-line) again before any trend change. As a result, we comfortably turn bearish now on AUDCHF, targeting the 1D MA200 by August.
-------------------------------------------------------------------------------
** 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. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
AUD/CHF Possible Bearish Scenario
Today, the RBA meeting spoke neutrally about AUD. Without any possible Hawkish scenarios, AUD is not bullish nor bearish either.
But since USD is wiping every minor currency in the market, AUD has been affected too.
Currently, We are bearish on AUD/CHF.
Our technical view has been shown in the chart.
If you like it then Support us by Like, Following, and Sharing.
Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
EURCHF: Very Bullish Outlook 🇪🇺🇨🇭
EURCHF is trading in a strong bullish trend on a daily.
After the pair set a new higher high, it retraced to a solid rising trend line.
Analyzing the reaction of the price to that,
I spotted a double bottom pattern on a 4H time frame.
With the release of CHF/EU fundamentals this morning,
the pair successfully violated its neckline.
We can expect a bullish movement at least to 0.9773
❤️Please, support my work with like, thank you!❤️
USDCHF in 2023 with a rather erratic downtrendIn Q1, two central banks that have previously used negative interest rates made surprising decisions. The Bank of Japan exited negative rates, while the Swiss National Bank (SNB) unexpectedly cut their benchmark interest rate. The SNB may continue to ease further due to low inflation forecasts and weak growth. In contrast, the Fed wants more confidence in consistent inflation towards the 2% target before taking action.
CONTRASTING FUNDAMENTALS PRESENT AN OPPORTUNITY FOR OANDA:USDCHF IN Q2
The SNB's rate cut may prompt other central banks to do the same. While the Swiss Franc may face currency depreciation, Switzerland's low inflation justifies the decision to cut rates.
The strong franc makes Swiss exports less competitive than goods from countries with a weaker exchange rate. Switzerland can handle any imported inflation resulting from the rate cut due to low inflation levels, but it is unlikely to be significant given the small 25 basis point cut.
CENTRAL BANK POLICY COULD EXTEND BULLISH OANDA:USDCHF SETUPS IN Q2
Market expectations foresee a strong chance (78%) of another 25-bps rate cut from the SNB in June and if the likelihood of that second cut gains momentum, perhaps on softer inflation or weaker GDP, the franc may depreciate further as markets price in such an outcome.
The Fed maintained their projection of three rate cuts for 2024. The Fed's dot plot, based on the median value of 19 estimates, suggests hesitation in easing financial conditions due to strong US data. If the data remains strong, the dollar may be supported in Q2.
THE TRADE: LONG OANDA:USDCHF UPON IMPROVED ENTRY POINT
USD/CHF spent most of 2023 trending lower in a rather choppy fashion, but at the turn of the new year fortunes reversed. The pair traded higher and eventually broke above trendline resistance on the back of the surprise cut by the SNB. The guidance to this trade suggests looking to enter the developing uptrend at a better level due to the sharp ascent at the end of Q1. Another sign to wait for a better entry level appears via the rejection of higher prices at the 38.2% Fibonacci retracement of the 2023 decline. A move back down to 0.8829 would reveal a retest of trendline support (prior resistance), whereafter, a bullish continuation may provide a higher probability trade.
A level to consider includes 0.9085 which serves as a tripwire for continued bullish price action. Thereafter, upside targets comprise of 0.9245 and 0.9473. A retest of the late 2023 low would invalidate the bullish setup.
BUY TRADE SETUP ON USDCHFHey Traders,
Check out this technical analysis on USDCHF; it appears to be undergoing a small pullback, potentially indicating a bullish momentum continuation.
However, I would recommend waiting for a proper retest of the broken key level before considering a buy-trade entry.
Alternatively, there may be an opportunity for a sell trade if the market breaches the evident support area.
Keep a close eye on this.
HelenP. I Swiss Franc can rebound from support level to $0.9075Hi folks today I'm prepared for you Swiss Franc analytics. Some time ago price made little correction movement, after which turned around and in a short time rose to support 2, which coincided with the support zone and started to trades in this area. Later, CHF broke support 2 and made a retest, after which rebounded and tried to rise more but failed and declined back to support 2, which moment coincided with the trend line. Then the price rebounded from this line and made impulse up to support 1, which coincided with one more support zone and even entered to this area, but at once turned around and quickly declined below. But some time later, CHF finally broke support 1, made a retest, and continued to rise to 0.9070 points, after which and recently fell to the support zone, which coincided with the trend line. Now, the price continues to trades near this line and I expect that Swiss Franc will fall to the support level and then rebound up. For this reason, I set my target at the 0.9075 level. If you like my analytics you may support me with your like/comment ❤️