USD/CHF downside continues and ready for the next leg down 0.824Since July the market has been on a solid downtrend with an Inv Cup and Handle form.
It then broke below and reached our first target.
Now there is a touch of consolidation in another Inv C and H, which we ned the price to confirm the handle before turning down and heading to a target of 0.8240.
The price is below 20 and 200MA which makes the momentum downside and I would ONLY look for shorts.
Sellusdchf
USD/ CHF !! 1/9/2024 trendline DOWN⭐️ Smart investment, Strong finance
⭐️ News
Investors will be looking for guidance from the Swiss Consumer Price Index for December, which is scheduled to be released later today. Analysts expect the annual CPI to indicate a growth of 1.5% compared to the previous reading of 1.4%, while the monthly CPI is predicted to remain unchanged at -0.2%.
The main event to watch out for this week will be the release of US inflation data on Thursday. Market participants anticipate that the headline Consumer Price Index (CPI) will show a year-on-year increase of 3.2%, while the Core CPI is projected to decrease from 4% to 3.8% year-on-year.
⭐️ Personal comments NOVA:
The price area touching the trendline and touching the EMA is suitable for a SELL signal
⭐️ SET UP USD/CHF PRICE:
🔥SELL zone: 0.84750 - 0.84900 SL 0.85300
TP1: 0.84400
TP2: 0.84100
TP3: 0.83800
⭐️ Technical analysis:
Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order.
⭐️ NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest
"USDCHF Bearish Outlook: Setting Sight on Target 0.83542"" Anticipating a bearish trend in USDCHF , with a target set at 0.83542 and a risk level at 0.84313. The bearish sentiment is grounded in the analysis of the previous low at 0.83435, which serves as a key indicator, suggesting a potential revisit to that level in the near future ."
sell USDCADShort OANDA:USDCHF , price is about to make a false breakout to the upside by breaking the resistance formed on ower timeframes. This move is for grabbing liquidity. I am expecting to have my pending orders snatched from there. I have a few early entries on this pair. I advice you use proper money management. Good luck
U.S. Dollar is crazzy: Sell U.S. Dollar for FED plansHello, in this analysis, it's much interesting what I see. First, in the past analysis, I will going to cancel and closed up all long position, it's not yet to buy U.S. Dollar, we are continue drop, not up
Now, in H4 timeframe we was in this bearish triangle descendent, that make a higher lower and the equal lower equal the previously lower, that is a distribution zone to sell US Dollar.
Guys, its very sad how the US economic is suffer its depression and devaluation of our Federap World currency, now this scenario in H4 is so bearish, I put a short position in the $0.9060 and the SL at 44 pips above of my short entry price and the take profit over +250 pips between this week and the past week its could be the trayectory, also, you can to entry in sell position until we leave at the down side of $0.87. We could to get profit for this awesome par.
In Daily we are so bearish
Are you know this blue zone, we are near to down side to the monthly timeframe and we lead of it, nos this is one of the screenshoot that better I see it to find down the one of the minimun of the year of 2015, that for this year I was studied in my high school and the end to graduated and find up my High School Diploma in this year.
But if you get it, we could to expect a pull back and make another elliot wave analysis to complete it.
USDCHF sell reversal patternAs i published idea to buy EURUSD and USDCHF and EURUSD have big negative correlation - so I sell USDCHF and recommend to to this to all my clients.
Why?
USDCHF has sell level at 1.0042 and price is placed at the high of very big daily range started from October 2010.
So i try catch profit to sell USDCHF at 1.0035 SL - 1.0072 and TP - 0.9900
Risk Reward Ratio - near 3.39
So its good deal :)
USD/CHF Trendline Short SetupPrice has rejected the weekly trend-line with a hammer candle indicating a sell opportunity.
The Swiss has a safe haven status and as this week has a lot of event risk and non farms for the Dollar it is likely that investors will hedge the Swiss as a proxy for Gold against the upcoming risks associated to the Dollar.