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CADCHF About to turn bullish long-term.The CADCHF pair Has been trading within a Channel Down pattern since January 2023 but recently it has shown growing signs that the long-term bearish trend is coming to an end. First of all, it formed the first Golden Cross on the 1D time-frame since April 01 2022. Since then, it has held the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) as Supports. The strongest bullish development is that it turned the 1W MA50 (red trend-line), where it was rejected on September 29 2023, from a long-term Resistance to Support. The last time that this series of events happened following a 1D Golden Cross, was within December 2020 - January 2021. Even the 1D RSI fractals between the two are similar. What the past fractal did after turning those MAs into Supports, was rally aggressively above the previous Resistance. As a result we turn bullish now on this pair, expecting the Channel Down to break upwards, and target 0.69650 (Resistance 1). ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
2
USD/CHF is heading into 38.2% Fibonacci resistance?Price is rising towards a resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.90951 Why we like it: There is a pullback resistance level which aligns with the 38.2% Fibonacci retracement. Stop loss: 0.91505 Why we like it: There is a pullback resistance level which is slightly above the 61.8% Fibonacci retracement. Take profit: 0.90119 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
USDCHFWe are in a down trend and currently in the corrective phase of the leg. We have not gotten a multi touch confirmation but we got a second touch which is also still valid to use. Price tested the previous high and rejected. Going down into lower time frames. The are 3 bearish soldiers from that rejection which show further market strength. We are in a very corrective ascending channel. We formed another correction (it has been 6-8 hours). Sell Idea also still has kinks so make sure to follow your plan and manage according to your system.
Short
by Mhangwane1
Heading into 38.2% Fibonacci resistance?The Swissie (USD/CHF) is rising towards the pivot and could potentially reverse to the 1st support. Pivot: 0.90948 1st Support: 0.90138 1st Resistance: 0.91514 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
Bearish reversal off 38.2% Fibonacci retracement resistance?USD/CHF is rising to a resistance level, which is a pullback resistance that aligns with the 38.2% Fibonacci retracement, and could reverse from this level to our take profit. Entry: 0.90966 Why we like it: There is a pullback resistance level which aligns with the 38.2% Fibonacci retracement. Stop loss: 0.91527 Why we like it: There is a pullback resistance level which is slightly above the 61.8% Fibonacci retracement. Take profit: 0.90102 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
Sell GBPCHF Channel BreakoutThe GBP/CHF pair on the M30 timeframe presents a potential shorting opportunity due to a recent downward breakout from a well-defined bearish channel pattern. This breakout suggests a shift in momentum towards the downside and a higher likelihood of further declines in the coming hours. Key Points: Sell Entry: Consider entering a short position (selling) below the broken support level of the channel, ideally around 1.1500 after confirmation of the breakout. This offers an entry point close to the perceived shift in momentum. Target Levels: Initial bearish targets lie at the previous support levels within the channel, now acting as potential resistance zones: 1.1430: This represents the first level of support within the channel. 1.1395: This is a further extension of the downside target, based on the height of the recent price movement before the breakout. Stop-Loss: To manage risk, place a stop-loss order above the broken support line of the channel, ideally around 1.1515. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
Short
by KABHI_TA_TRADING
31
USD/CHF potential bullish rise?Price has just bounced off the support level which is a pullback support that lines up with the 50% Fibonacci retracement and could potentially rise to our take profit. Entry: 0.91511 Why we like it: There is a pullback support level which aligns with the 50% Fibonacci retracement. Stop loss: 0.90981 Why we like it: There is a pullback support level Take profit: 0.92252 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.
Long
by VantageMarkets
GBPCHF to find a top?GBPCHF - 24h expiry We are trading at overbought extremes. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. Preferred trade is to sell into rallies. We look for a temporary move higher. Although the anticipated move lower is corrective, it does offer ample risk/reward today. We look to Sell at 1.1505 (stop at 1.1545) Our profit targets will be 1.1405 and 1.1385 Resistance: 1.1580 / 1.1675 / 1.1820 Support: 1.1370 / 1.1300 / 1.1155 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.
Short
by OANDA
Falling towards 38.2% Fibonacci retracement support?NZD/CHF is falling towards the support level which is an overlap support that aligns with the 38.2% Fibonacci retracement and could potentially bounce from this level to our take profit. Entry: 0.53942 Why we like it: There is an overlap support level which aligns with the 38.2% Fibonacci retracement. Stop loss: 0.53448 Why we like it: There is a pullback support level which aligns with the 61.8% Fibonacci retracement. Take profit: 0.54482 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.
Long
by VantageMarkets
Falling towards 61.8% Fibonacci retracement support?USD/CHF is falling towards a support level which is an overlap support that aligns with the 61.8% Fibonacci retracement and could bounce from this level to our take profit. Entry: 0.90750 Why we like it: There is an overlap support level which aligns with the 61.8% Fibonacci retracement. Stop loss: 0.90137 Why we like it: There is a pullback support level Take profit: 0.91511 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.
Long
by VantageMarkets
Could price bounce from here?GBP/CHF is falling towards the support level which is a pullback support that aligns with the 23.6% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.13646 Why we like it: There is a pullback support level which aligns with the 23.6% Fibonacci retracement. Stop loss: 1.12950 Why we like it: There is a support level which aligns with the 50% Fibonacci retracement. Take profit: 1.14820 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.
Long
by VantageMarkets
Could EUR/CHF reverse from here?Price is rising towards a resistance level which is an overlap resistance that aligns with the 88.6% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.98001 Why we like it: There is an overlap resistance level which aligns with the 88.6% Fibonacci retracement. Stop loss: 0.98458 Why we like it: There is a pullback resistance level Take profit: 0.97394 Why we like it: There is an overlap support level which aligns with the 23.6% Fibonacci retracement. 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
AUDCHF: Strong bounce inside this Megaphone.AUDCHF is bullish on its 1D technical outlook (RSI = 60.496, MACD = 0.002, ADX = 32.323) after a strong bounce and closing above the 1D MA500. The dominant Bullish Megaphone pattern made its previous HH on the 2.0 Fib extension and a new 1D MACD Bullish Cross has validated that it now sets course for the new HH. We target again the 2.0 Fib (TP = 0.61550) which is just under the R1 level. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
HelenP. I Swiss Franc will make retest, and then rebound upHi folks today I'm prepared for you Swiss Franc analytics. Some time ago price declined to support 2, which coincided with the support zone, and soon broke this level and fell even lower support zone. But later CHF turned around and rose to this area and some time traded in, after which price even rose higher to support 2, but soon declined back. After this movement, CHF made strong impulse up to resistance zone, thereby breaking two support levels, after which price made correction movement. Then the price rose back to the resistance area and some time traded in, after which the Swiss Franc corrected move to 0.9080 points, after which the price tired to back up to the resistance area, but failed and made an impulse down to the trend line. Next, the price started to trades in an upward pennant, where the price in a short time rose to support 1, broke it and at the moment, CHF continues to trades inside resistance zone. So, in my mind, the Swiss Franc will make a retest, after the breakout and then continue to move up. Also, I think that the price can exit from the pennant, so, I set my target at 0.9175 points. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
CADCHF: Important ZonesTraders, D: 4h: Our strategy for this pair involves positioning our orders strategically below the liquidity hunt. By placing our orders in this manner, we aim to capitalize on potential market movements following the liquidity hunt, maximizing our chances of entering favorable positions. As we await the release of Canadian Retail Sales data, it's crucial to remain mindful of its potential impact on market direction. Should there be any notable surprises in the Retail Sales month-over-month figures, it could prompt shifts in market sentiment. Particularly, figures below -0.2% may pose risks to the current trend, while numbers exceeding 0.3% could warrant reassessment of our current zones. Stay informed and prepared to adjust your trading strategy accordingly based on the outcome of the data release. Best regards,
Long
by AliSignals
GBP/CHF potential bearish reversalThe price is rising toward a resistance level, which is an overlap resistance that aligns with the 50% Fibonacci retracement; it could reverse from this level to our take profit. Entry: 1.13236 Why we like it: There is an overlap resistance level which aligns with the 50% Fibonacci retracement. Stop loss: 1.14028 Why we like it: There is a pullback resistance level Take profit: 1.11771 Why we like it: There is an overlap 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