Chf
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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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.
EUR/CHF ready to roll (over)?EUR/CHF posted a decent rally from its October low, yet we're yet to see a meaningful pullback. But one may be near.
A 2-bar bearish reversal has formed at a resistance zone and the 200-day EMA. Tuesday's high is also a lower high in relation to the September high.
From here we're looking for some bearish mean reversion towards the monthly pivot.
What makes us unsure of whether it's a to revert to the dominant, bearish trend is the depth of the bounce into resistance. But for now, the path of least resistance could be lower over the near-term.
USD/CHF Short IdeaWe have a corrective movement to the upside that's exactly what I like to see because that
tells me that uh it's not really an uptrend it's going to be very short-lived and that's exactly what happened here so after after price took liquidity from these highs right here
,continued trickling up a little bit higher but then very abruptly dumped to the downside right now. Now when that happens it typically leaves behind a gap or what's known as imbalance or a fair value Gap this is the main Confluence that I use to trade so as soon as I see that big displacement here with imbalance and a break of structure to the downside.
Right these were the lows previously and it broke through all of these lows down here this one bearish impulsive move broke through multiple structural points okay so pretty clear dire the market showed its intention in my opinion and that prompts me to look for
a selling opportunity. So what I do at
that point is I wait for the low to be solidified in a selling situation of course I wait for the low to be solidified um and to do that I need to see price retracing back to the up sideas soon as we're we start retracing back to the upside that's when I can draw my FIB tool from swing High to swing low and identify the premium prices that I would like to sell at.
USDCHF - Wait For The Bears 🐻Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
on Weekly: Left Chart
USDCHF has been trading within a defined range and is presently showing resistance. Consequently, we will be focusing on identifying sell setups on lower timeframes.
on H1: Right Chart
For bearish momentum to prevail and trigger our sell setup, a break below the recently highlighted grayed low is necessary.
Meanwhile, USDCHF would be bullish and can still trade higher to test the weekly resistance again. In this case we will be looking for new sell setups.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
USD/CHF mixed move!Hello Traders
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GBPCHF: Looking like a fake out and drop to meI see GBP as continuing to be weak, poor GDP data last week, hikes expected to be over, and expecting to see some CHF strength.
BoE interest rates this week, but with the market expecting hiking to be over, I don't think it matters what happens, sterling will fall.
We saw a move above my descending trendline, seeing this as possibly a fake out - we've broken back through my support, now resistance line which would suggest a fall back down to recent lows here.