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AUDCHF, H4 | Bullish BreakoutWe can see that price has broke a key overlap resistance and could potentially rise towards the 0.6124 level which is a 38.2% Fiboancci retracement. A risk level that i'd like to highlight here is the 0.6080 level which is our intermediate resistance. Breaking this level could provide further confidence of price rising towards the 0.6124 level. 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, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by FXCM
EURCHF to find buyers at market?EURCHF - 24h expiry Our bespoke resistance of 0.9750 has been clearly broken. Previous resistance at 0.9750 now becomes support. A lower correction is expected. We look to buy dips. Short term bias has turned positive. We look to Buy at 0.9745 (stop at 0.9725) Our profit targets will be 0.9795 and 0.9805 Resistance: 0.9770 / 0.9780 / 0.9787 Support: 0.9760 / 0.9750 / 0.9730 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
AUDCHF: Sell as it approaches the 1D MA200.AUDCHF is trading inside a Channel Down pattern for over 1 year but the 1D time frame is technicalls bullish (RSI = 68.224, MACD = 0.004, ADX = 39.835). The reason is that since May 1st, the Channel Down is having its bullish leg for the new LH (Lower High). The previous two LH were formed on the 1D MA200. As the RSI is about to cross into the overbought territory (over 70.000) and the price is approaching the 1D MA200 for the first time since January 27th, start selling. The minimum decline from a LH has been -7.50%, giving us a target of TP = 0.575500. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
6
GBPCHF - A Break Finally?Analysis: Price was in this beautiful downwards trend until recently where we saw a break of that trend. Price managed to break with a strong daily candle signalling to us that there could be a possible change in the trend direction. Price has now pulled back to a key level which has held multiple times as support and as resistance so we expect that it will hold again. We have other confluences as well which line up with our idea. At the area of support we also have the 50% and the 61.8% fib retracement levels which we expect buyers will be sat at willing and wanting to push price higher which works in our favour. At this level we also have the retest of the previous downwards trendline which could hold as support, so this again goes in our favour. Taking a look at the fundamentals the GBP is the 3rd strongest major currency pair currently and with the GBP gaining more and more strength each week we can't see this changing for a while. The CHF is pretty neutral being the 4 weakest major currency pair but again with the current market conditions and the strength of the GBP this is a trade that we will be looking to enter long. Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all. Stay Safe - JPI Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does to. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Long
by jpeacockfx
EURCHF: Classic Wyckoff Pattern 🇪🇺🇨🇭 Traders, I see a classic Wyckoff accumulation pattern on a daily time frame on EURCHF. After a strong bearish wave, the market started to trade within a horizontal trading range. Even though, the price set a new low, consolidating, the market managed to return to the upper boundary of the range. Yesterday, a high momentum bullish candle was formed. The market successfully broke and closed above the range's resistance. It makes me think that the described consolidation was the accumulation stage and a bullish movement is coming. Goals: 0.9813 / 0.9848 ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
3
USDCHF to stall at previous resistance?USDCHF - 24h expiry Short term bias has turned negative. Broken out of the channel formation to the downside. Previous resistance located at 0.9060. We look for a temporary move higher. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 0.9060, resulting in improved risk/reward. We look to Sell at 0.9059 (stop at 0.9084) Our profit targets will be 0.8999 and 0.8989 Resistance: 0.9045 / 0.9060 / 0.9075 Support: 0.9030 / 0.9015 / 0.9000 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
2
CADJPY Potential UpsidesHey Traders, In today's trading session, our attention is directed towards CADJPY, as we closely monitor a potential buying opportunity around the 103.900 zone. CADJPY is currently displaying an upward trend and is approaching a critical support level at 103.900, which holds significant importance. Furthermore, we are factoring in the latest development of an unexpected and hawkish rate hike by the Bank of Canada. This unforeseen decision has led to a surge in strength for the Canadian dollar, further adding to the potential attractiveness of considering long positions in CADJPY. Trade safe, Joe.
Long
by JoeChampion
9
USDCHF: Bearish Outlook Explained 🇺🇸🇨🇭 USDCHF is trading in a bearish trend since October 2022. Reaching 0.88 level, the market set a new lower low and started a correctional movement. The price started to steadily grow within a bearish flag pattern. At the end of May, a solid horizontal supply area was reached. The market started to consolidate on that. A bearish movement initiated then. The market broke and closed below a support line of a flag. I believe that it is the sign of strength of the sellers and a bearish wave will initiate soon. For entries, consider an occasional retest of a broken support of the flag. Goals: 0.896 / 0.89 ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
5
CAD/CHF strong upside to come to 0.7303 - But we need to waitInv Head and Shoulders seems to be forming on the CAD/CHF Minor Currency Pair. There is a fight between Canada and Swiss Franc and it looks like Canada is preparing the troops for upside in the chart. We need to wait for the higher low to form (right shoulder). Then for the price to break above the neckline and it will be breaking above the medium term downtrend. 7>21 Price<200 RSI>50 Target 0.7303 INTERESTING FACT! Did you know how the CAD Canadian Dollar got it's nickname - Loonie from/ No not that! lol But I know you're thinking it. The name "loonie" originates from the bird depicted on the one-dollar coin. The common loon, a bird that is widespread in Canada, was selected as the emblem for the coin, leading to the currency's popular nickname. The loonie was introduced in 1987 (my brith year) as a cost-saving measure to replace the one-dollar banknote.
Long
by Timonrosso
EURCHF to stem dip at swing lows?EURCHF - 24h expiry We are trading at oversold extremes. 0.9680 continues to hold back the bears. Bespoke support is located at 0.9680. 0.9677 has been pivotal. Support is located at 0.9680 and should stem dips to this area. We look to Buy at 0.9681 (stop at 0.9661) Our profit targets will be 0.9731 and 0.9741 Resistance: 0.9700 / 0.9710 / 0.9725 Support: 0.9690 / 0.9680 / 0.9672 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