USDCHF Potential UpsidesHey Traders, in today's trading session we are monitoring USDCHF for a buying opportunity around 0.90300 zone, USDCHF is trading in an uptrend and currently seems to be in a correction phase in which it is approaching the major trend at 0.90300 support and resistance zone.
Trade safe, Joe.
Usd-chf
USDCHF - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
Here is a detailed update top-down analysis for USDCHF .
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USDCHF to find support at trend line?USDCHF - 24h expiry - We look to Buy at 0.8963 (stop at 0.8938)
Short-term bias has turned positive.
Trend line support is located at 0.8960.
Intraday dips continue to attract buyers and there is no clear indication that this trading sequence is ending.
We are trading at oversold extremes.
We look to buy dips.
Our profit targets will be 0.9023 and 0.9033
Resistance: 0.8995 / 0.9025 / 0.9050
Support: 0.8975 / 0.8955 / 0.8941
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: Rejection on the 1D MA50. Sell.The USDCHF pair got rejected on Friday on the 1D MA50 and is extending those losses today. The long term pattern is a Channel Down and the currently neutral 1D time frame technically (RSI = 49.936, MACD = -0.001, ADX = 19.890) suggests that this is a strong sell entry. You can target S1 but we are willing to go marginally lowe on S2 (TP = 0.87610) based on the January bearish fractal.
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Uchf at a level interesting to watch too...watching 0.9 this area to hold.
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USDCHF to find support at previous resistance?USDCHF - 24h expiry
The previous resistance level of 0.9000 was broken.
We expect a reversal in this move.
A lower correction is expected.
We look to buy dips.
20 4-hour EMA is at 0.9005. Our outlook is bullish.
We look to Buy at 0.8995 (stop at 0.8970)
Our profit targets will be 0.9055 and 0.9065
Resistance: 0.9050 / 0.9062 / 0.9080
Support: 0.9042 / 0.9020 / 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.
USDCHF Potential UpsidesHey Traders, in today's trading session we are monitoring USDCHF for a buying opportunity around 0.89500 zone, USDCHF is trading in an uptrend and currently waiting for USDCHF correction by rejecting 0.901 area before reaching the major trend at 0.895 supply and demand zone.
Trade safe, Joe.
USDCHF Potential UpsidesHey Traders, in today's trading session we are monitoring USDCHF for a buying opportunity around 0.89 zone, USDCHF is trading in an uptrend and currently seems to be in a correction phase in which it is approaching the major trend at 0.89 support and resistance are, once bulls are confirmed i would consider 0.9 zone as a target as it's consider the next major resistance are USDCHF will be facing.
Trade safe, Joe.
USDCHF: Channel Down but MA200 (4h) determines the tradeThe USDCHF is trading inside a Channel Down, with the recent rebound on the MA50 (4h) bringing the price at the top of the pattern.
The MA200 (4h) is about to be tested for the first time in seven weeks and is the pivotal level for the short term trend.
Trading Plan:
1. Buy if the price closes a (4h) candle over the MA200.
2. Sell as long as it closes under it.
Targets:
1. 0.91200 (Resistance 1).
2. 0.88190 (Support 1).
Tips:
1. RSI (4h) showing a similar formation as the Channel's previous High.
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Notes:
Past trading plan:
USD/CHF Price Analysis: SHORTHouse Speaker McCarthy said the debt limit can't pass without dealing with the budget.
The USD/CHF pair has rebounded after a corrective move to near 0.8930 in the early Asian session. The Swiss Franc asset has sensed buying interest amid an absence of a clear path for an increase in the US debt-ceiling limit. House Speaker McCarthy said the debt limit can't pass without dealing with the budget, as reported by Bloomberg.
The US Dollar Index (DXY) has taken a sigh of relief amid a delay in the increase of the debt ceiling limit as an occurrence that will impact the long-term rating of the United States economy and will impact the US Dollar and domestic equities.
USD/CHF has recovered sharply after a Double Bottom chart formation on a four-hour scale near 0.8863. The Swiss Franc asset is aiming to conquer the downward-sloping trendline plotted from March 08 high at 0.9439.
The major has climbed above the 20-and 50-period Exponential Moving Averages (EMAs) at 0.8921 and 0.8935 respectively, indicating solid short-term upside bias.
USDCHF Sell under the 1day MA50The USDCHF pair is repeating a pattern we identified last time from late 2022.
After the Triangle's Support broke, the price formed a Channel Down that hit Fibonacci 2.0.
We have already achieved Fibonacci 1.5 on the previous trade and Fibonacci 2.0 is at 0.8700.
Target this as long as the 1day candle keeps closing under the 1day MA50.
Previous chart:
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USDCHF intraday rallies continue to attract sellers.USDCHF - 24h expiry
The primary trend remains bearish.
Preferred trade is to sell into rallies.
20 1day EMA is at 0.8944.
Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end.
The bearish engulfing candle on the 4-hour chart is negative for sentiment.
We look to Sell at 0.8944 (stop at 0.8974)
Our profit targets will be 0.8874 and 0.8864
Resistance: 0.8900 / 0.8920 / 0.8940
Support: 0.8880 / 0.8860 / 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.
USDCHF at a 27-month low. USDCHF - 24h expiry
Our bespoke support of 0.8860 has been clearly broken.
Previous support at 0.8860 now becomes resistance.
Trades at the lowest level in 27 months. We are trading at oversold extremes.
A lower correction is expected.
There is no clear indication that the downward move is ending.
We look to Sell at 0.8874 (stop at 0.8904)
Our profit targets will be 0.8804 and 0.8794
Resistance: 0.8840 / 0.8870 / 0.8890
Support: 0.8820 / 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 to find sellers at market?USDCHF - 24h expiry
Daily signals are bearish.
Preferred trade is to sell into rallies.
20 1day EMA is at 0.8982.
0.8996 has been pivotal.
We look for a temporary move higher.
We look to Sell at 0.8989 (stop at 0.9019)
Our profit targets will be 0.8919 and 0.8909
Resistance: 0.8960 / 0.8976 / 0.8995
Support: 0.8930 / 0.8910 / 0.8900
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 Potential UpsidesHey Traders, in today's trading session we are monitoring USDCHF for a buying opportunity around 0.89100 zone, USDCHF is trading in an uptrend and now seems to be in a correction phase in which it is approaching the major trend at 0.89100 support and resistance zone.
Trade safe, Joe.
USDCHF to find sellers at previous swing high?USDCHF - 24h expiry -
We look for a temporary move higher.
Daily signals are bearish.
Preferred trade is to sell into rallies.
20 1day EMA is at 0.8988.
0.8996 has been pivotal.
We look to Sell at 0.8986 (stop at 0.9016)
Our profit targets will be 0.8916 and 0.8906
Resistance: 0.8960 / 0.8976 / 0.8995
Support: 0.8930 / 0.8910 / 0.8900
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.
NZDCHF SHORT TRADEOn NZDCHF, I have identified a supply zone in which the price has bounced multiple times without breaking through. As the price went down, it created a demand zone which it used as a support level. In fact, the price has been ranging during the past week. Today, I noticed a break of the lows within the demand zone, so I will proceed to use this zone as a potential entry point.
Let me know what you think.
Good trading to all.
USDCHF for a possible bounceAfter price broke structure to the upside with momentum, it left behind a decisional POI with and imbalance. Price then retraced back and is currently forming liquidity above it that it could potentially use to push further to potentially take out top liquidity and fill a major higher timeframe imbalance.
USDCHF Channel Down rejection on the 4H MA50. Sell signal.The USDCHF pair has been trading within a Channel Down pattern since March 08 High, with a Diverging Lower Lows trend-line supporting on the April 13 Low. For the past three days however, the 4H MA50 (blue trend-line) has been rejecting the price. That has been the standard short-term Resistance since March 22, so almost a full month.
As a result, it is more likely to see a bearish continuation within the Channel Down, targeting the Lower Lows again at 0.87890. This would complete a -2.41% drop similar to March 23, as the two fractals are quite identical, especially in terms on RSI.
If the price closes a 4H candle above the Channel Down though (0.236 Fibonacci), we will turn bullish instead and target first the 0.382 Fib (0.90835) and the 0.5 Fib (0.91500) in extension on a possible contact with the 1D MA50 (red trend-line).
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