EURCHF intraday dips continue to attract buyers.EURCHF - 24h expiry
Previous support located at 0.9625.
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
A Morning Doji Star formation has been posted at the low.
Preferred trade is to buy on dips.
Daily signals are mildly bullish.
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We look to Buy at 0.9627 (stop at 0.9607)
Our profit targets will be 0.9677 and 0.9687
Resistance: 0.9650 / 0.9660 / 0.9680
Support: 0.9635 / 0.9625 / 0.9615
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.
Chf
CHF Futures Trade PlanWe are observing a rise in activity and open interest at the 1.125 Put strike. A surge of purchases is expected if the price hits the level marked on the chart (put breakeven point). The appealing graphical illustration supports this scenario, while the 11-day period before the option contract's expiration goes against it.
EURCHF: Is That a Bullish Confirmation?! 🇪🇺🇨🇭
In comparison to USDCHF, EURCHF looks bullish to me.
The price is trading within a wide horizontal range on a 4H.
Testing its support, the pair formed a tiny cup & handle pattern
and violated its neckline.
I believe that the market will go to the resistance of the range - 0.9678
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USDCHF 26/11/23US dollar to the Swiss franc here showing us that the bearish price action is the overall movement that the market wants now last week we had a bullish range within the bearish order flow but overall the market has continued to go bearish as we come into this range we are looking for the swing low to form to validate our range we are then looking for the highlighted areas above to be contacted for an overall continuation in bearish price action.
USDCHF Potential DownsidesHey Traders, in tomorrow's trading session we are monitoring USDCHF for a selling opportunity around 0.88400 zone, USDCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.88400 support and resistance area.
Trade safe, Joe.
USDCHF forming a bottom.USDCHF - Intraday
Posted Mixed Daily results for the last 4 days.
A Doji style candle has been posted from the base.
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
Price action looks to be forming a bottom.
Bespoke support is located at 0.8825.
We look to buy dips.
We look to Buy at 0.8825 (stop at 0.8805)
Our profit targets will be 0.8875 and 0.8885
Resistance: 0.8850 / 0.8875 / 0.8900
Support: 0.8825 / 0.8817 / 0.8800
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 On the verge of a strong move.The AUDCHF pair has been trading within a Channel Down since February's High and currently sits just below its top (Lower Highs trend-line). Having formed a 1D MA50/ 100 Bullish Cross and tests the Lower Highs for the 3rd time in 2 months, it is highly likely to finally break the bearish trend upwards. We will only buy though above the 1D MA200 (orange trend-line) and aim towards Resistance 1 at 0.61500. Until this break-out, we will follow the long-term bearish Channel Down and short aiming at 0.53500 (-9.09% similar to the two previous bearish sequences).
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CHFJPY possible expansionAfter price broke structure with momentum, it began to retrace aggressively. This was to ensure that it takes out all internal structure liquidity that accumulated during the previous expansion. Since the pair has been moving bullishly, the strong low should hold and the high should be taken out as some of the uptrend properties. Price has now approached an extreme demand that lines up with our golden zone properties for extra confirmation. Since price has now nearly cleared up all internal liquidity, it could clear the rest and precede use this demand zone to expand further up to take out the latest weak high.
USDCHF: Will It Go Lower?! 🇺🇸🇨🇭
I spotted a strong intraday bearish confirmation on USDCHF.
After a breakout of a key daily support, the price retested that.
The market started to consolidate on a 4H time frame within a narrow range.
Bearish violation of the support of the range indicates the strength of the sellers.
We may anticipate a bearish movement to 0.881
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NZDCHF: Descending resistance linesSeeing this pair reject from either the current local resistance boundary or if not the longer term descending trendline.
I'm expecting NZD weakness in the coming week so monitoring LTF's carefully.
I believe we'll be dropping down from either 0.538 or 0.543, a break above this latter number could signify reversal.
USDCHF: Continuation to the downsideThe DXY had a bad week last week and I believe this could be the start of a more sustained downward trajectory.
Conversely Swissie has been on retracement for several weeks against most crosses, but we are seeing a broad recovery.
My view is we're continuing to the downside, so I'm getting in short with a LTF confirmation next week.
USDCHF 19/11/23Usd chf following the bearish order flow as we called out last week we got our target on Friday but we still need to wait for a new range to be confirmed as we have not had two 5 minute candles closed below us and row because of this we cannot have any consistent markups until this point is formed we had a big drop off at market close that we need to wait for this to correct itself depending on if we have any gaps at market open we will monitor as market open up.
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
Gchf could be looking at some more downside if...if the break of 1.10 is there for real, more downside will be coming in i believe.
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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.
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USDCHF: Breakout Trade For Next Week Explained 🇺🇸🇨🇭
USDCHF violated a key horizontal support.
After a breakout, the price started to consolidate
within a narrow horizontal range on a 4H time frame.
Its support breakout - 4h candle close below 0.8852 will
give you a strong confirmation to short.
A bearish continuation will be anticipated at least to 0.881 level then.
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NZDCHF potential expansionAfter price had been moving up with decent momentum, it began to retrace back down in a form of a descending channel, which is a form of internal liquidity. Price held this formation all the way down till it tapped a long term demand zone, taking out liquidity below the established channel in the process. It preceded to break an internal structure strong high, which was a sign that price could now be ready change direction and begin with its expansion to the upside. It eventually took out liquidity at the top of the channel as well where after it began to retrace back into a demand zone formed by this internal directional shift.This demand zone was respected as well, and a directional shift on even lower timeframe occurred. This now gives us the opportunity to jump in on the expansion, our target being the latest internal high as it is weak and awaits to be taken out.
USDCHF to break to the upside?USDCHF - 24h expiry
Bullish divergence can be seen on the daily (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher.
Posted a Double Bottom formation.
Price action has posted a Doji candle and confirms a possible stall in the recent move.
Price action looks to be forming a bottom.
A higher correction is expected.
The bias is to break to the upside.
We look to Buy a break of 0.8905 (stop at 0.8877)
Our profit targets will be 0.8975 and 0.8995
Resistance: 0.8903 / 0.8950 / 0.8970
Support: 0.8875 / 0.8854 / 0.8830
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.