USDCHF Potential for Bearish Continuation | 15th November 2022On the H4 chart, we have a bearish bias with the price is moving below the ichimoku cloud . With price tapping into our pullback sell entry at 0.94810, where the 78.6% Fibonacci line is located. Stop loss will be at 0.96302, where the 78.6% Fibonacci line is located. Take profit will be at 0.92484, where the 127.2% Fibonacci line is located.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Usd-chf
USDCHF Potential For Bearish ContinuationOn the H4 chart, the overall bias for USDCHF is bearish. To add confluence to this, price is below the Ichimoku cloud which indicates a bearish market. Looking for a pullback sell entry at 0.96221, where the 78.6% Fibonacci line is located. Stop loss will be at 0.97398, where the 61.8% Fibonacci line is located. Take profit will be at 0.93706, where the previous swing low is located.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
USDCHF Potential for Bearish Continuation | 14th November 2022On the H4 chart, we have a bearish bias with the price is moving below the ichimoku cloud. Looking for a pullback sell entry at 0.94810, where the 78.6% Fibonacci line is located. Stop loss will be at 0.96302, where the 78.6% Fibonacci line is located. Take profit will be at 0.92484, where the 127.2% Fibonacci line is located.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
USDCHF Potential For Bearish ContinuationOn H4, with the price moving below the ichimoku cloud and ascending trendline, we have a bearish bias that the price may drop form the sell entry at 0.97456, which is in line with the 23.6% fibonacci retracement to the take profit at 0.94805, where the swing low is. Alternatively, the price may rise to the stop loss at 0.98849, which is in line with the 50% fibonacci retracement .
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
USDCHF Potential for Bearish Continuation| 11th November 2022The overall bias for USDCHF on the H4 chart is bearish . In addition, the price is trading below the Ichimoku cloud , indicating that the market is bearish . Look for a pullback sell entry at 0.97814, where the 127.2% and 161.8% Fibonacci extension lines intersect. I've set a relatively safe stop loss at 0.99001, just above the 100% Fibonacci line and previous low lies. My take profit level is 0.95622, which is where the 88% Fibonacci line lies.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Selling USDCHF into current resistance.USDCHF - 10h expiry - We look to Sell at 0.9919 (stop at 0.9946)
Short term bias has turned negative.
The bearish engulfing candle on the 4 hour chart is negative for sentiment.
We look for a temporary move higher.
50 4hour EMA is at 0.9928.
Our profit targets will be 0.9851 and 0.9841
Resistance: 0.9900 / 0.9920 / 0.9950
Support: 0.9880 / 0.9850 / 0.9830
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 For Bearish ContinuationOn H4, with the price moving below the ichimoku cloud and testing the ascending trendline, we have a bearish bias that the price may drop form the sell entry at 0.98863, which is in line with the 23.6% fibonacci retracement to the take profit at 0.97421, where the swing lows, 127.2% fibonacci extension and 50% fibonacci retracement are. Alternatively, the price may rise to the stop loss at 0.99724, which is in line with the 50% fibonacci retracement .
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
USDCHF Potential for Bearish Continuation| 10th November 2022The overall bias for USDCHF on the H4 chart is bearish. In addition, the price is trading below the Ichimoku cloud, indicating that the market is bearish. Look for a pullback sell entry at 0.99593, where the 78.6% and 61.8% Fibonacci lines intersect. I've set a relatively safe stop loss at 1.00405, just above the 38.2% and 50% Fibonacci lines. My take profit level is 0.98546, which is the previous low as well as the 127.2% Fibonacci extension line.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Joe Gun2Head Trade - USDCHF completing a double topTrade Idea: Selling USDCHF
Reasoning: Double top on USDCHF
Entry Level: 0.9827
Take Profit Level: 0.9535
Stop Loss: 0.9880
Risk/Reward: 5.63:1
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Selling ongoing break of USDCHF low.USDCHF - 13h expiry - We look to Sell a break of 0.9835 (stop at 0.9861)
Our short term bias remains negative.
There is no clear indication that the downward move is coming to an end.
A break of yesterdays low would confirm bearish momentum.
We look for losses to be extended today.
Our profit targets will be 0.9771 and 0.9761
Resistance: 0.9880 / 0.9920 / 0.9950
Support: 0.9836 / 0.9800 / 0.9780
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 For Bearish ContinuationOn H4, with the price moving below the ichimoku cloud and testing the ascending trendline, we have a bearish bias that the price may drop form the sell entry at 0.99150, which is in line with the 23.6% fibonacci retracement to the take profit at 0.97421, where the swing lows, 127.2% fibonacci extension and 50% fibonacci retracement are. Alternatively, the price may rise to the stop loss at 1.00324, which is in line with the 61.8% fibonacci retracement .
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
USDCHF Potential for Bearish Continuation| 9th November 2022On the H4 chart, the overall bias for USDCHF is bearish. Furthermore, the price is trading below the Ichimoku cloud, indicating a bearish market. At 0.99535, where the 78.6% and 61.8% Fibonacci lines intersect, look for a pullback sell entry. I've set a relatively safe stop loss at 1.00378, which is just above the Fibonacci 38.2% and 50% lines. My take profit point is at 0.98413, which is the previous low and the 127.2% Fibonacci extension line.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
USDCHF Potential for Bearish Momentum | 8th November 2022The overall bias for USDCHF on the H4 chart is bearish. In addition, the price is below the Ichimoku cloud, indicating a bearish market. Look for a pullback sell entry at 0.99585, which is where the 78.6% and 61.8% Fibonacci lines intersect. I've set a relatively safe stop loss at 1.00378, which is slightly above the 38.2% and 50% Fibonacci lines. My take profit point is at 0.98413, which is the 127.2% Fibonacci extension line and previous low.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
USDCHF Potential for Bearish ContinuationOn H4, with the price moving below the ichimoku cloud and testing the ascending trendline, we have a bearish bias that the price may drop form the sell entry at 0.99160, which is in line with the overlap support to the take profit at 0.97421, where the swing lows are. Alternatively, the price may rise to the stop loss at 1.00324, which is in line with the 50% fibonacci retracement and previous swing highs.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
USDCHF being a good buy at market.USDCHF - Intraday expiry in 12h - We look to Buy at 0.9921 (stop at 0.9894)
We are trading at oversold extremes.
Daily signals are mildly bullish.
Levels below 0.9930 continue to attract buyers.
We look to buy dips.
Our profit targets will be 0.9988 and 0.9998
Resistance: 0.9970 / 0.9985 / 1.0020
Support: 0.9950 / 0.9930 / 0.9915
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 For Bearish ContinuationOn H4, with the price moving below the ichimoku cloud and testing the ascending trendline, we have a bearish bias that the price may drop form the sell entry at 0.99160, which is in line with the overlap support to the take profit at 0.97421, where the swing lows are. Alternatively, the price may rise to the stop loss at 1.00324, which is in line with the 50% fibonacci retracement and previous swing highs.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
USDCHF to slide further? Depends on the DXY!Generally, the price action of the USDCHF has been mirroring the volatility of the DXY.
During the trading session on Friday, the USDCHF retraced strongly from the 1.015 resistance level to trade significantly lower towards the 0.9940 support area.
The USDCHF is likely to consolidate along the current price level of 0.9960 before possibly trading lower again.
If the price breaks below 0.9930, the next key support level is 0.9855.
USDCHF Potential for Bearish Momentum | 7th November 2022On the H4 chart, the overall bias for USDCHF is bearish. To add confluence to this, price is below the Ichimoku cloud which indicates a bearish market. Looking for a sell stop entry at 0.99535, where the 38.6% and 61.8% Fibonacci lines are located. I have a relatively safe stop loss set at 1.00392, slightly above where the 38.2% and 50% Fibonacci lines are located. My take profit is located at 0.98546, where the 127.2% Fibonacci extension line and previous low is located.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.