USDCHF can move higher? 🦐USDCHF on the 4h chart after test of the weekly support bounced for a third time over the structure.
The price is now testing a descending trendline zand a break for a move to the resistance can be seen
How can i approach this scenario?
According to Planctonìs strategy IF the market will break above i will set a nice long order according to the Plancton's strategy rules.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
Usd-chf
USDCHF levels below 0.9240 continue to attract.USDCHF - Intraday - We look to Buy at 0.9235 (stop at 0.9209)
Levels below 0.9240 continue to attract buyers.
Expect trading to remain mixed and volatile.
We look to buy dips.
We are trading at oversold extremes.
Our profit targets will be 0.9298 and 0.9308
Resistance: 0.9300 / 0.9320 / 0.9340
Support: 0.9280 / 0.9270 / 0.9250
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 H1: Bullish outlook seen, further upside above 0.92800On the H1 time frame, prices are approaching the support zone at 0.9280, in line with the graphical support and 50% Fibonacci retracement level where a throwback to this zone presents an opportunity to play the bounce to the resistance zone at 0.93700. Prices are holding above the Ichimoku cloud as well, supporting the bullish bias.
Selling USDCHF at 50 EMA.USDCHF - Intraday - We look to Sell at 0.9313 (stop at 0.9339)
Our short term bias remains negative.
Daily signals are bearish.
50 4hour EMA is at 0.9311.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
Our profit targets will be 0.9251 and 0.9241
Resistance: 0.9290 / 0.9300 / 0.9320
Support: 0.9270 / 0.9255 / 0.9240
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 on a short-term move 🦐USDCHF on the 4h chart after test of the weekly support bounced for a second time over the structure.
The price is now testing a confluence zone between a descending trendline and a resistance area.
How can i approach this scenario?
According to Planctonìs strategy IF the market will break above i will set a nice long order according to the Plancton's strategy rules.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
USDCHF 1D Death Cross can be bullish short-termThe USDCHF pair confirmed our bearish signal more than a month ago and broke below the 1D MA50 (blue), 1D MA200 (orange) and 1W MA100 (red trend-line) in succession. While at this, it broke below both Higher Lows trend-lines that started on the January 06 2021 market bottom, thus confirming the long-term shift from bullish to bearish.
The emerging 1D Death Cross though (MA50 crossing below the MA200), while a long-term bearish formation, it can be bullish short-term. The reason is that while the price has been on Lower Lows, the 1D RSI is a Higher Lows i.e. a Bullish Divergence. Since the Jan 06 bottom, the two similar RSI Bullish Divergencies, ended up with rebounds.
Even during the last registered 1D Death Cross, the pair had again a 1D RSI Bullish Divergence that made a short/ medium-term rebound above the 1D MA200 and the previous Lower High and resumed the downtrend after it closed below the 1W MA100 again.
As a result, unless we make a break below last week's low, we are short-term bullish on the USDCHF, targeting the 1D MA200 and then turn bearish again. If however we break below the recent Low first, we will change back to selling and target the lower Supports in succession: 0.90900, 0.89300 and 0.87600.
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Selling USDCHF at previous resistance.USDCHF - Intraday - We look to Sell at 0.9368 (stop at 0.9393)
Current prices have reacted from a low of 0.9215, however, we expect further losses to follow.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Previous resistance located at 0.9365.
Our short term bias remains negative.
Our profit targets will be 0.9305 and 0.9295
Resistance: 0.9340 / 0.9365 / 0.9380
Support: 0.9315 / 0.9300 / 0.9260
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 - Our short term bias remains negativeUSDCHF - Intraday - We look to Sell at 0.9329 (stop at 0.9353)
Our short term bias remains negative. The bearish engulfing candle on the 4 hour chart is negative for sentiment. Preferred trade is to sell into rallies. Previous support at 0.9330 now becomes resistance.
Our profit targets will be 0.9271 and 0.9261
Resistance: 0.9270 / 0.9300 / 0.9330
Support: 0.9250 / 0.9230 / 0.9215
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Selling USDCHF at previous support.USDCHF - Intraday - We look to Sell at 0.9329 (stop at 0.9353)
Our short term bias remains negative.
The bearish engulfing candle on the 4 hour chart is negative for sentiment.
20 4 hour EMA is at 0.9327.
Previous support at 0.9330 now becomes resistance.
Our profit targets will be 0.9271 and 0.9261
Resistance: 0.9300 / 0.9330 / 0.9350
Support: 0.9270 / 0.9257 / 0.9231
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.
USD/CHF:SELL From Resistance Area For a New SHORT SetupUSD/CHF is in a downtrend, in the last hours the value reached 0.9300, and now a possible pullback on the resistance zone can give the right input to continue comeback in the direction of the main trend. The charts show a Lower-highs and Lower-lows setup and the stochastic is in the overbought area. We are looking for a reversal from the Resistance zone.
USDCHF remains negative.USDCHF - Intraday - We look to Sell at 0.9389 (stop at 0.9414)
Our short term bias remains negative.
20 4hour EMA is at 0.9384.
Previous support at 0.9390 now becomes resistance.
Daily signals are bearish.
Our profit targets will be 0.9326 and 0.9316
Resistance: 0.9350 / 0.9380 / 0.9400
Support: 0.9325 / 0.9300 / 0.9280
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 - Bias remains negativeUSDCHF - Intraday - We look to Sell at 0.9495 (stop at 0.9519)
Our short term bias remains negative. Daily signals are bearish. Trend line resistance is located at 0.9500. Bespoke resistance is located at 0.9500. Preferred trade is to sell into rallies. We look for a temporary move higher.
Our profit targets will be 0.9435 and 0.9425
Resistance: 0.9460 / 0.9480 / 0.9500
Support: 0.9425 / 0.9405 / 0.9395
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
USDCHF looking up 🦐USDCHF on the 4h chart after the break of the support is back above the 0.94 area.
The market is now trading below a minor resistance and according to Plancton's strategy IF the price will break and close above we can set a nice long order according to the Plancton's strategy rules.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
USD/CHF:SELL From Resistance Area for a SHORT Setup USD/CHF in a strong bearish trend in the last session had a pullback around 0.9370 and all the clues look for a new bearish impulse by this pair. Today the release of the ISM Services PMI if the data will be negative for the USD will help this currency pair to drop in the direction of our analysis.
Usdchf Bias on it going lower?Could be heading lower but do take note of this area as a key zone. price action wise is a bit undecided to have a clear break down.
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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