Chf
AUDCHF Potential DownsidesHey Traders, in today’s trading session we are monitoring AUDCHF for a selling opportunity around 0.57150 zone, AUDCHF was 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 at 0.57150 support and resistance area.
Trade safe, Joe.
USDCHF to unshackle from the corrective channel?USDCHF - 24h expiry
Broken out of the channel formation to the upside.
Short term bias has turned positive.
A later dip lower was met with further buying interest and prices settled higher to post a positive day.
A lower correction is expected.
We look to buy dips.
20 4hour EMA is at 0.8862.
We look to Buy at 0.8862 (stop at 0.8834)
Our profit targets will be 0.8932 and 0.8952
Resistance: 0.8903 / 0.8925 / 0.8950
Support: 0.8881 / 0.8865 / 0.8840
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 is going to see lower levelsHello Traders
Our technical view has been shown in the chart.
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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.)
USDCHF 3/9/23 UC has carried is bullish trend over again into another bullish swing trade setup so we have reason not to follow this into higher prices, now we do have a direct correlation with our other USD pairs as we are now shifting bullish so really expecting the same as the last few markups we dropped, overall C-swing poi already showing us a clean move lower so we now just have to wait for this to drop to our entry zone to long this pair higher!
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!
Chfjpy holding current band should have more upside if reversedWill be looking at h1 to go on long.
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EURCHF Potential DownsidesHey Traders, in today’s trading session we are monitoring EURCHF for a selling opportunity around 0.95600 zone, EURCHF was trading in an uptrend and successfully managed to break it out. Currently we are waiting for a correction in order to see a potential retrace of the trend towards more lows.
Trade safe, Joe.
AUDCHF Buy signal within the Channel Down.The AUDCHF pair has been trading within a Channel Down pattern since the January 27 2023 High. The price is currently on a 2-week rise and following the completion of a 1D MACD Bullish Cross, it can extend to at least the 0.382 Fibonacci level based on the previous two Lower Lows of the Channel Down. As a result, we are targeting 0.58200, which would also make a technical contact with the 1D MA100 (green trend-line).
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USDCHF Potential DownsidesHey Traders, in today’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 zone.
Trade safe, Joe.
USD/CHF another leg downHello Traders
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.)
A massive 300+ Pips Drop on the USDCHFWe have seen prices in a long bullish retracement over the past weeks.
Price dropped off from a Supply Zone around 0.8875 on July 10, 2023. In nearly 6 weeks, we saw prices drop to create Sell side liquidity at 0.85533, after which prices began to rally in a gradual bullish trend towards our supply zone.
We had patiently waited for prices to come into the zone and from there looked to see some Bearish reversals.
Currently, we can see that prices have come back into the Supply Zone at 0.8875, and our long-awaited Bearish reversal is in place. Market is currently having a bearish momentum.
By my personal estimation, I see an 80% chance of this Bearish momentum holding. If it holds and the market plays according to our analysis, we hope to see prices drop to clear out sell-side liquidity at the 0.85533 level and beyond.
We expect a Bearish run to go a minimum of 380 pips, to enable it to clear the lows of the sell side liquidity before we begin to look for a possible bullish pullback after a long Bearish push.
USDCHF remains in a corrective channel.USDCHF - 24h expiry
Trading within a Corrective Channel formation.
A higher correction is expected.
Short term momentum is bearish.
Prices expected to stall near trend line support.
Trend line support is located at 0.8780.
We look to Buy at 0.8784 (stop at 0.8754)
Our profit targets will be 0.8854 and 0.8874
Resistance: 0.8840 / 0.8860 / 0.8876
Support: 0.8821 / 0.8800 / 0.8780
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.
USDCHF - Oh Look! A Channel...USDCHF is in a steady decline within a channel. We appear to be in a leading, which is made up for 5 waves consisting of 3subwaves each. We are in wave 4 now and looking for the final 5th wave lower
We are approaching the channel resistance and the 38.2 fibonacci. Expecting a rejection here.
Trade Idea:
- Watch for rejection at the channel
- Risk entry on rejection of channel
- Safe entry on break of the red trendline
- Targets: 0.855 (350pips), 0.83 (550pips)
Goodluck and as always, trade safe!