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CHFJPY Sell signal on the Channel Up.CHFJPY is trading inside a Channel Up in the past 4 months and right now turned sideways after hitting the top of the pattern. This is a Higher High sell signal which has a triple level target. Trading Plan: 1. Sell on the current market price. 2. Buy at 157.500 and as long as the RSI (1d) holds the 53.50 Support. Targets: 1. 157.500 (the 0.5 Fibonacci, Rising Support and potential contact with the MA50 1d). 2. 164.000 (Higher High). Tips: 1. The RSI (1d) crossed under its MA giving an additional sell signal. Moreover the 53.50 Support, has given an accurate sell target and in turn buy entry, 3 times inside 2 months. Please like, follow and comment!!
Short
by TradingBrokersView
4
Will USDCHF find buyers at trend line support?USDCHF - 24h expiry The bearish engulfing candle on the 4 hour chart is negative for sentiment. A higher correction is expected. Trend line support is located at 0.8940. Price action continued to range between key support & resistance (0.8910 - 0.9000) although we expect a break of this range soon. Expect trading to remain mixed and volatile. We look to Buy at 0.8944 (stop at 0.8919) Our profit targets will be 0.9004 and 0.9014 Resistance: 0.8990 / 0.9016 / 0.9030 Support: 0.8970 / 0.8940 / 0.8925 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.
Long
by OANDA
MarketBreakdown | Dollar Index, USDCHF, S&P500 Index, AUDJPY Here are the updates & outlook for multiple instruments in my watchlist. 1️⃣ Dollar Index (DXY) daily time frame 💲 The Index broke and closed above a resistance line of a falling expanding wedge pattern. It was retested on Friday. Probabilities are high, that a bullish movement will initiate from a broken trend line soon. 2️⃣USDCHF daily time frame 🇺🇸🇨🇭 The pair keeps consolidating. The market is stuck within a horizontal range. For now, the plan is to wait for a breakout of one of its boundaries. A bearish breakout of the support of the range will trigger a strong selloff, while a bullish breakout will be an important bullish signal. 3️⃣ S&P500 Index (SPY) daily time frame 💲 The market is currently testing a local daily high. If the price violates and closes above that, it will be a strong bullish signal. A bullish continuation will be expected then. 4️⃣ AUDJPY daily time frame 🇦🇺🇯🇵 The pair is trading in a long-term bullish trend. After the price set the last high, a correctional movement started. The pair formed a falling wedge pattern. Its resistance was broken last week. I believe that a trend-following movement will initiate soon. Do you agree with my market breakdown? ❤️Please, support my work with like, thank you!❤️
TVC:DXYLong
by VasilyTrader
10
GBP/CHF is aiming to reach 1.20($$$)Hello Traders GBP/CHF has broken Elliot triangle correction. We expect another upward wave(wave C). 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.)
Long
by FortunaInvestments
1
USDCHF: On the verge of a breakout.USDCHF is trading on and under the 1D MA50 after the rejection on the 1D MA100 which also happened to be the top of the 1D Channel Down. The 1D technicals are neutral (RSI = 50.625, MACD = 0.000, ADX = 19.636) which indicates that the price will most likely commit to the direction of the next breakout. If it closes under the HL line, sell and target the 1.5 Fibonacci level (TP = 0.86550). If the candle closes over the 1D MA100 (hasn't done so since November 10th 2022), buy and target the 1D MA100 (TP = 0.92150). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope
2
EURCHF Strong sell opportunityEURCHF got rejected this week not just at the top of the 2023 Channel Down but also on the MA200 (1d). A candle closing under the MA50 (1d) can be a confirmation for a long term sell opportunity. Trading Plan: 1. Sell after the price closes a (1d) candle under the MA50. Targets: 1. 2.000 (Rising Support). 2. 3.000 (Resistance 2). Tips: 1. The RSI (1d) broke under the MA line and is on a similar Double Top rejection pattern as the March 23rd top. Please like, follow and comment!!
Short
by TradingBrokersView
CHF JPY - FUNDAMENTAL ANALYSISAdam Cole, Chief Currency Strategist at RBC Capital Markets, has highlighted recent policy shifts from the Swiss National Bank (SNB), the persistent threat of imported inflation, and increasing levels of verbal intervention in Japan. "While the Swiss National Bank (SNB) may have let down some investors with a 25bp rate hike last week when many were hoping for a 50bp increase, it made its intentions clear: it's ready to buy CHF to provide suitable monetary conditions," says Cole. Indeed, despite a somewhat disappointing rate hike, the SNB's commitment to provide appropriate monetary conditions and willingness to buy CHF indicate a robust approach to currency management. The SNB's current focus on selling foreign currency further substantiates this view. Furthermore, the Swiss central bank's leadership recognises the benefits of CHF appreciation in the current economic climate. SNB Chair Jordan noted that the strong CHF has effectively acted as a shield against imported inflation, an increasingly prevalent issue globally. "SNB Chair Jordan revealed over the weekend that from the present perspective, monetary policy might not be tight enough to anchor price stability. He also noted that CHF appreciation has shielded Switzerland from imported inflation," Cole adds. In Japan, meanwhile, the situation is a bit more nuanced. Despite the increasing verbal interventions from officials, the strategists at RBC believe there is potential in shorting JPY at current levels. "In Japan, officials are ratcheting up their verbal interventions. Despite this, and the rising risk of intervention, RBC sees potential in shorting JPY at current levels," says Cole. The pullback in USD/JPY from Friday's highs does leave some room for maneuver. This environment, coupled with the SNB's policy stance and Switzerland's inflationary shield, has led RBC to take a bullish position on the CHF/JPY pair. As the markets continue to evolve in response to inflation, interest rate adjustments, and economic policy decisions, the perspective offered by strategists like Cole is crucial.
Long
by thunderpips
4
EURCHF to find buyers at current range?EURCHF - 24h expiry Bespoke support is located at 0.9755. Previous resistance at 0.9755 now becomes support. 0.9750 continues to hold back the bears. We look to buy dips. Daily signals are mildly bullish. We look to Buy at 0.9753 (stop at 0.9729) Our profit targets will be 0.9813 and 0.9823 Resistance: 0.9795 / 0.9815 / 0.9830 Support: 0.9778 / 0.9765 / 0.9750 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.
Long
by OANDA
CADCHF, D1 | Reversal off major resistancePrice is testing major resistance at 0.6806 which is an overlap resistance that stretches way back. It also coincides with the 23.6% Fibonacci retracement and a descending channel resistance. If price were to reverse from here, we could see it drop all the way to support at 0.6626 which is an overlap support and 61.8% Fibonacci retracement. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party provider). 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 Name of third party provider. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Forex Capital Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM EU LTD (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM Australia Pty. Limited (www.fxcm.com): ** Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com FXCM Markets LLC (www.fxcm.com): Losses can exceed deposits.
Short
by FXCM