NZD/CHF 4HWhoops! Let's wait a bit on this. But this looks promising :) The CHF pairs have been all over the place lately; it's challenging to determine the exact direction. I've been keeping an eye on it for a few days, and I think this could be it! Take a look at my gold trades too! Go for it, but be cautious!
Chf
EURCHF Long term downtrend but this Support is holding.EURCHF is trading inside a Channel Down since January and recently priced the latest Lower High.
We approach Support (1) which is a level that has held since July 27th.
Trading Plan:
1. Buy as long as a (1d) candle doesn't close under Support (1).
2. Sell if it closes under it.
Targets:
1. 0.96500 (top of Channel Down).
2. 0.93800 (-3.30% decline from the top, as all the bearish legs of the Channel Down have done so far).
Tips:
1. The MACD (1d) is under a Sell Cross. This favors the bearish trend, this is why the stop loss conditions should be so strict (candle closing under Support 1).
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Notes:
Past trading plan:
More correction down for Audchf?Likely more down side.
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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 Potential DownsidesHey Traders, in today's trading session we are monitoring USDCHF for a selling opportunity around 0.90600 zone, USDCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.90600 support and resistance area.
Trade safe, Joe.
NZDCHF Sell near the 1D MA200The NZDCHF pair has been trading within a Falling Wedge pattern since the March 28 2022 High. As you can see the two so far corrective waves have followed a similar Lower Lows structure.
The price is currently on the bullish leg to the Lower Highs trend-line, supported by both the 1D MA100 (green trend-line) and the 1D MA50 (blue trend-line). The 1D MACD Bearish Cross that is about to be completed calls for a sell preparation, as every Bearish Cross above the 0.0 level since March 2022 has been a sell signal. The closer the price gets to the 1D MA200 (orange trend-line), the more efficient the sell entry will be. We will target a projected 1D MA50 contact at 0.53500.
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GBPCHF: Your Trading Plan For Today 🇬🇧🇨🇭
GBPCHF is testing a wide daily horizontal demand zone.
To buy that with a confirmation, pay attention to a double bottom pattern on a 4H time frame.
1.11 is its neckline.
We need a 4H candle close above that to confirm the strength of the buyers.
Buy aggressively or on a retest, then.
Target will be 1.1135
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CADCHF Pure Resistance - Support trade.The CADCHF pair is trading within a 5-month Rectangle pattern. Following the rejection on the 0.68310 Resistance and establishing the price action below the 1D MA200 (orange trend-line), it should begin the final bearish phase towards the 0.64600 Support. The 1D MA50 is in between but after the 1D MACD formed a Bearish Cross, it shouldn't hold. Our target is 0.64800.
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EURCHF Bearish leg of Channel Down has started.EURCHF is trading inside a Channel Down that priced the latest Lower High at 0.969650 (Resistance A).
That is confirmed by the Sell Cross formation on October 5th, the highest formed since January 31st.
Sell and target 0.94100 (Support A), even though we can decline a little more (-3.25% was the previous bearish leg).
Previous chart:
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CHFJPY - Looking For Sell Setups ↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
CHFJPY has been overall bearish trading inside the falling broadening wedge pattern in red, and it is currently approaching the upper trendline.
Moreover, the zone 164.5 is a resistance zone.
🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper red trendline.
As per my trading style:
As CHFJPY approaches the purple 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
USDCHF 9/10/23US dollar to the Swiss franc is showing us exactly what we'd like to see which is a reversed version of our USD secondary pairs so for example in this case we have a bearish swing range showing us that the gap is at the low of the range in our usd secondary pairs we have the reverse where our gap is at the top of the range and we are in a bullish directional range now the gap on the US dollar Swiss franc was not as large as our other primary pairs but we have still had a gap at market open which has now been filled due to the high impact news on Friday we created a huge 5 minute range this range needs to be broken either higher or lower to confirm our manipulated low until that we will just continue to follow the internal price action to possibly find some movements for a short term entry.
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!
CADCHF - Over 1000pips Banked. What Is Next?CADCHF has given us over 1000pip worth of setups. We are now looking for one more trade setup to complete this bearish wave.
We know that Waves 1, 3 and 5 have a 5 wave structure. We are currently in wave 5 and looking for 5 subwaves to complete the bearish sequence.
Trade idea:
- We are in subwave 1 (of wave 5)
- Watch for subwave 2 retracement
- price should not go above 0.683 = invalidation level
- Targets: 0.645 (300pips), 0.62 (550pips)
Goodluck and as always, trade safe!
See our previous CADCHF setups below:
Why is AUD/CHF Going Down?The Australian dollar (AUD) has been on a downward trajectory against the Swiss franc (CHF) since the beginning of October 2023. The AUD/CHF exchange rate has fallen from 0.60 to 0.58, representing a decline of over 3%.
There are a number of factors that have contributed to this decline. One factor is the ongoing strength of the Swiss franc. The CHF is considered to be a safe-haven currency, and investors tend to flock to it during times of uncertainty. The current global economic climate is uncertain due to a number of factors, including the war in Ukraine, rising inflation, and concerns about a recession. As a result, the CHF has been in high demand, which has pushed its value higher.
Another factor that has contributed to the decline in the AUD/CHF exchange rate is the weakening of the Australian dollar. The AUD has been under pressure due to a number of factors, including the slowdown in the Chinese economy, rising interest rates in the United States, and concerns about the outlook for the global economy. As a result, the AUD has fallen against a number of currencies, including the CHF.
The image attached to the query shows the AUD/CHF exchange rate over the past year. The chart shows that the exchange rate has been on a downward trajectory since the beginning of October 2023. The decline in the AUD/CHF exchange rate is likely to continue in the near term, as the factors that are driving the decline are expected to remain in place.
Here is a more detailed explanation of the factors that are driving the decline in the AUD/CHF exchange rate:
Strength of the Swiss franc: The CHF is considered to be a safe-haven currency, and investors tend to flock to it during times of uncertainty. The current global economic climate is uncertain due to a number of factors, including the war in Ukraine, rising inflation, and concerns about a recession. As a result, the CHF has been in high demand, which has pushed its value higher.
Weakness of the Australian dollar: The AUD has been under pressure due to a number of factors, including the slowdown in the Chinese economy, rising interest rates in the United States, and concerns about the outlook for the global economy. As a result, the AUD has fallen against a number of currencies, including the CHF.
Trade flows: Australia and Switzerland have a relatively small trade relationship. This means that the AUD/CHF exchange rate is not as sensitive to trade flows as some other currency pairs. However, the slowdown in the Chinese economy is likely to have a negative impact on the Australian economy, and this could lead to a further decline in the AUD/CHF exchange rate.
Interest rates: The Swiss National Bank (SNB) has maintained a negative interest rate policy for several years. However, the SNB is expected to raise interest rates in the near future. This is likely to make the CHF more attractive to investors, and could lead to a further decline in the AUD/CHF exchange rate.
Overall, the decline in the AUD/CHF exchange rate is likely to continue in the near term, as the factors that are driving the decline are expected to remain in place. Investors should closely monitor the global economic climate, the strength of the Swiss franc, and the performance of the Australian economy to assess the outlook for the AUD/CHF exchange rate.
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EURCHF Potential DownsidesHey traders, in today's trading session we are monitoring EURCHF for a selling opportunity around 0.96500 zone, EURCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.96500 support and resistance area.
Trade safe, Joe.
AUDCHF: Important Breakout & Very Bearish Pattern 🇦🇺🇨🇭
Take a look at a strong rejection from a key horizontal daily resistance on AUDCHF.
After a test of 0.5925 level the market dropped and violated a support line of a rising parallel channel.
Taking into consideration that the pair is trading in a long term bearish trend,
probabilities are high that the market will drop now.
Goals: 0.577 / 0.567
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AUDCHF Potential DownsidesHey Traders, in today's trading session we are monitoring AUDCHF for a selling opportunity around 0.58400 zone, AUDCHF is 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.
Trade safe, Joe.
AUDCHF: Reversing near the top of the Channel Down.AUDCHF may have crossed over the 1W MA100 but eventually failed, also on the 0.5 Fibonacci level, and appears to be reversing. The technical outlook on the 1D time-frame is neutral (RSI = 55.574, MACD = 0.003, ADX = 42.778), so it is a valid sell entry. On top of that, every LH inside this 15 month Channel Down (exception Jan 23rd 2023) has been around the 0.5 Fibonacci level. All this while the 1D MACD is close to a Bearish Cross formation. Sell and target the bottom of the Channel Down over the -0.382 Fib (TP = 0.54500).
Prior idea:
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CHFGBP, Major Ascending-Triangle, Ready for Completion, Targets!Hello There!
Welcome to my new analysis of CHFGBP. Within recent times CHFGBP continued with forming a highly important formation in the whole formational structure as it managed to build up bullishly within the major areas of the structure. In this case, I have detected the most prevalent important signs and considerations to determine for CHFGBP and the upcoming price actions, therefore, I have analyzed the major factors in the analytics backend.
As when looking at my chart now CHFGBP has formed two important formational factors here. The first factor, CHFGBP continued with this major uptrend channel in which it has substantial support bouncing several times towards the upside. The second factor, CHFGBP is still bouncing above the 65-EMA as well as the 100-EMA being major support levels within this whole chart. Together these two factors are holding the bullish trend towards the upside and building the bullish base here.
The major formation within this whole chart is the main ascending triangle formation which is about to complete within the next times as CHFGBP continues to bounce within the ascending triangle formation this means that a final breakout above the upper boundary is likely to emerge within the upcoming times. Once this breakout has emerged as it is marked in my chart CHFGBP is going to set up the next wave-expansions towards the bullish direction. Especially as the solid bullish volume is building up here this breakout is likely to happen faster than thought about.
Taking all these factors into consideration here, once CHFGBP has completed the whole ascending triangle formation it is going to activate the upper target zones as they are marked within my chart, and especially depending on the momentum and volume with which CHFGBP actually emerges these targets can be reached in a major accelerated bullish volume spike. When this happens it increases the potential for a bullish continuation tremendously and CHFGBP is going to accelerate the further bullish dynamics above the initial target zones into the bullish continuation zone.
In this manner, thank you everybody for watching my analysis of CHFGBP. Support from your side is greatly appreciated.
VP
CHFAUD, This Major Formation to ALTER the Current Trend-Dynamic!Hello There!
Welcome to my newest idea about CHFAUD. In my recent analysis, conduction, and chart price-action I have detected important underlying trend dynamics and price action dynamics that are likely to alter the whole CHFAUD price action and trend that is currently ongoing. Currently, it is highly necessary conduction to consider if the CHFAUD current trend dynamics are going to hold on or if a massive reversal is going to convert the whole price action into a different market.
Within my analysis chart, I am considering the massive ascending triangle formation CHFAUD is likely to complete within the next times as it is going to approach this massive supply zone between the 1.8 and 1.87 level from where it already pulled back several times in the past increasing the possibility for a major pullback into the other trend direction.
Especially, within this whole price-action the most important parts are the 25-EMA, the 50-EMA, and the ascending trend line which hold the current trend, and if they are broken towards the other trend direction it is going to indicate the massive trend reversal and is going to activate the next continuations till either the bearish momentum is going to accelerate so heavily below the supports or a potential for a reversal within the supports is indicated.
When considering the whole dynamic here the major ascending triangle formation forming here is a formation that is indicating a reversal in almost all of the cases. The most important conduction once it has been completed will be on how the price action approaches the target zones because it is going to complete a much larger wave count from A to E with the finalization of the wave E. A bounce in this area is going to confirm a potential reversal otherwise a continuation is going to accelerate the bearishness to even further target zones.
In this manner, thank you everybody for watching my analysis of CHFAUD. Support from your side is greatly appreciated.
VP