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Swissfranc

USDCHF - Price can make a small correction and then bounce upHi guys, this is my overview for USDCHF, feel free to check it and write your feedback in comments👊 After price started to trade in rising channel, it rose to $0.9015 point and then started to decline. Price reached resistance line of wedge and then made strong downward impulse to $0.8585 support level, thereby breaking two levels - $0.8955 and $0.8765 Then Swiss Franc started to trade near this level, which coincided with the support area, and after it fell to the support line of wedge, price bounced up. And then price made impulse up to resistance line, breaking $0.8765 level, which coincide with one more support area. At the moment Swiss franc trades near resistance line and I think it can make correction to support line and then bounce up to $0.8890, exiting from wedge. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
3
CHFJPY Buy opportunity unless the 1D MA50 breaks.The CHFJPY pair has been on a very strong and steady rise, supported by the 1D MA50 (blue trend-line) since the March 29 break-out. Our last signal was on April 28 (see chart below): The situation hasn't changed and the trend remains bullish, aiming at a +8.00% extension. Our target is 171.000. If however the pair breaks below the 1D MA50, we will close it and open a sell instead, targeting the 1D MA200 (orange trend-line) at 152.000. P.S. Notice the Rectangle pattern on the 1D RSI. Since the price broke and remains (to this date) above the 1D MA50, every test of the Rectangle's bottom is a buy opportunity. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
HelenP. I Swiss Franc can rebound from support level to 0.8850Hi folks today I'm prepared for you Swiss Franc analytics. Recently price bounced from the 0.8785 support level to the 0.8600 level, which coincides with the support zone. After this price some time traded in the support zone and later it bounced up to 0.8700 point, but soon fell back to the trend line. Then the Swiss Franc rebounded and made a strong impulse up to 0.8785 level, which coincide with the resistance zone. But in a short time, the price rolled down to the trend line, where later it bounced up to 0.8785 level and soon broke it. At the moment price trades near the 0.8785 support level inside the resistance zone. And I expect that the Swiss Franc can decline to the support level and then start to move up, therefore I set up my target at the 0.8850 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
3
EURCHF Buy opportunity on a MACD Bullish Cross.The EURCHF pair eventually hit our 0.95555 bearish target as set by our sell signal in June (see chart below): The price is now past a 1D MACD Bullish Cross and on the bullish wave of the 7 month Channel Down. We therefore go long again targeting Resistance 1 at 0.96510 on the short-term and if a 1D candle closes above it, we will extend it towards the 1D MA100 (green trend-line) at 0.97100. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
CHFJPY: Bullish Trend Continues 🇨🇭🇯🇵 CHFJPY is trading a long-term bullish trend. After the price set a new high in July, it started a correctional movement. A cup & handle pattern was formed. CPI report was a trigger for the buyers to violate the neckline of the pattern. Daily candle closed above that. It signifies that bullish trend will continue. The market will most likely keep growing. Next resistance - 166.5 ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
3
Swiss Franc can fall to support line of upward channelHello traders, I want share with you my opinion about Swiss Franc. Observing the chart, we can see that the price a few moments ago price traded inside a big range, in which it reached the top part of the range, bounced down, and started to decline. Price declined to the 0.8950 - 0.8900 resistance area, but soon rebounded back and some time traded near the 0.8950 resistance level. later swiss Franc broke the resistance level and made a strong downward impulse below the 0.8570 support level, which coincide with the support area. Also then price started to rise inside the upward channel, where it rose higher of 0.8570 support level and at the moment continues to trade there. I think that the Swiss Franc can rise a little and then start to decline to support line of upward channel. For this case, set up my target at the 0.8640 level, which coincides with the support line of the channel. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
8
USDCHF Approaching the 1D MA50 for the optimal sell entry.The USDCHF pair made a strong rejection near the top of the Channel Down pattern and hit our 0.88250 sell target as illustrated on our analysis 2 months ago (see chart below): The price is now rising again, after nearly the -0.5 Fibonacci extension for a Lower Low (same as the May 04 Lower Low). The most optimal sell entry is within the 1D MA50 (blue trend-line) and the 0.618 Fibonacci retracement level. That is located exactly at the top of the Channel Down. We will take that opportunity to sell and target 0.8300 (again near the -0.5 Fibonacci extension). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
1
USDCHF - Price can break resistance level and continue to riseHi guys, this is my overview for USDCHF, feel free to check it and write your feedback in comments👊 After bouncing from $0.8825 point it started to decline near resistance line and firstly price fell to resistance area, which coincided with $0.8700 level. After this price broke $0.8700 level and entered to flat, where it declined to $0.8565 support level, located in support area. Also then, price bounced up to $0.8700 resistance level, thereby breaking resistance line, but at once it made correction back. Swiss Franc declined to support line, and then bounces higher of resistance level, thereby exiting from flat. At the moment price trades a very close resistance level and I think it can fall to support line and then bounce up to $0.8750, breaking resistance level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
6
AUDCHF: Buy opportunity emergingAUDCHF is trading inside a Channel Down pattern for more than one year with the 1D timeframe bearish (RSI = 38.270, MACD = -0.004, ADX = 43.501) as the price is under its middle and the 1D MA50. The 1D MA200 is located exactly on its top. The 1D MACD is in the process of completing a Bullish Cross, which has been a strong buy signal inside this pattern. Even though the price can extend to 0.57000 to complete a -7.55% decline from the recent Lower High (similar declines have been -8.06%, -7.94% and -7.55% since the start of the pattern so we use the minimum scenario), once the Bullish Cross is formed, we will buy and target the 1D MA50 (TP = 0.59000). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
1
GBPCHF: Price Action Analysis & Forecast 🇬🇧🇨🇭 GBPCHF is testing a strong horizontal resistance. Here are multiple bearish clues that I spotted after the test of the underlined area: the market was rejected heavily, forming a sequence of rejection candles, the price formed a head and shoulders pattern and broke its horizontal neckline, the pair violated a support line of an expanding wedge pattern. I believe that the market will most likely drop lower soon. Goals: 1.1117 ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
8
After strong downward impulse, Swiss Franc can bounce to 0.8750Hello traders, I want share with you my opinion about Swiss Franc. Observing the chart, we can see how the price a few days ago rose inside the upward channel, in which it broke 0.8910 resistance level with the resistance area. But later, after the price reached the resistance line of the channel, it bounced and made little correction, exiting from the upward channel. Next, the price rose to the resistance line and started to decline to the resistance level near this line. After the price fell to the 0.8910 level, the Swiss Franc made a strong downward impulse to support area 0.8640 - 0.8610, which coincides with the support level, thereby breaking this level. But a not long time ago, the price bounced up and now trades near the 0.8640 support level. I think the Swiss Franc can first fall to the support level and then bounce from it and start to move up. Therefore I set my target at 0.8750 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
3
$USD/CHF - Bottom of Range Bound *M- $USD/CHF has been trading inside a range bound from basically since 2012. Past two months, price action came very close to testing the Lows of printed on January 2021 at 0.87576$ At the current Monthly Candlestick, Price its breaking out from a Falling Wedge (bullish pattern). Its measured move would put $USD/CHF at 0.97$ There sits a great opportunity to Buy $USD/CHF from here, while stoploss can be adjusted in different ways depending on your trading style and your risk appetite . (we'll zoom in more for market structure on smaller tf) Bounce to at least 20 & 50 EMA is highly a probable outcome, conflicting as well with a test of the nearest S/R area. TRADE SAFE ***NOTE that this is not Financial Advice . Please do your own research and consult your own Financial Advisor before partaking on any trading activity based solely on this Idea
by Mr_J__fx