Bullish reversal?USD/CHF is falling towards the support level which is an overlap support that lines up with the 61.8% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.8562
Why we like it:
There is an overlap support level which aligns with the 61.8% Fibonacci retracement.
Stop loss: 0.8442
Why we like it:
There is a pullback support level.
Take profit: 0.8694
Why we like it:
There is a pullback resistance level.
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.
Usd-chf
Bullish reversal?USD/CHF is falling towards the pivot which acts as an overlap support and could reverse to the 1st resistance.
Pivot: 0.8629
1st Support: 0.8560
1st Resistance: 0.8780
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
USDCHF => The Dollar Has Tendency To Outperform The Classics Hey Traders, in tomorrow's trading session we are monitoring USDCHF for a buying opportunity around 0.86500 zone, USDCHF is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.86500 support and resistance area.
Trade safe, Joe.
USDCHF Strong long-term bullish wave expected.The USDCHF pair followed almost perfectly our projected course last time we made an analysis on it (June 20, see chart below), as after a 1.5 Fibonacci rebound, it resumed the downtrend and hit our 0.8700 Target:
Having completed a 1D MACD Bullish Cross, on the same level as the January 04 2024 one, we view the recent rebound as the start of the new Bullish Leg towards the 1W MA200 (red trend-line).
As you can see, we've been basically within a wide but sideways structure for more than one year and the symmetry between the October - December 2023 Leg is very high with May - August 2024. Even the 1D MACD patterns are very similar.
As a result, we turn bullish on USDCHF again on a 0.9100 Target, just below the 1W MA200, which is the technical long-term Resistance.
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Bullish bounce?USD/CHF is falling towards the support level which is a pullback support that lines up with the 23.6% Fibonacci retracement and could bounce from this level to our take profit:
Entry: 0.86700
Why we like it:
There is a pullback support level which aligns with the 23.6% Fibonacci retracement.
Stop loss: 0.85779
Why we like it:
There is a pullback support level which is slightly above the 61.8% Fibonacci retracement.
Take profit: 0.85779
Why we like it:
There is a pullback resistance level.
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.
Falling towards 50% Fibonacci support?USD/CHF is falling towards the support level which is an overlap support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.8572
Why we like it:
There is an overlap support level which lines up with the 50% Fibonacci retracement.
Stop loss: 0.8499
Why we like it:
There is a pullback support level which aligns with the 78.6% Fibonacci retracement.
Take profit: 0.8672
Why we like it:
There is a pullback resistance level.
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.
Sell USD/CHF Triangle BreakoutThe USD/CHF pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position Below the Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 0.8640
Target Levels:
1st Support – 0.8602
2nd Support – 0.8570
Stop-Loss: To manage risk, place a stop-loss order above 0.8686. This helps limit potential losses if the price falls back unexpectedly.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
Bullish reversal?USD/CHF is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance which is a pullback resistance.
Pivot: 0.8629
1st Support: 0.8565
1st Resistance: 0.8775
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
SELL TRADE SETUP ON USDCHFPotential Trade Setup on USDCHF
Following up on the PPI Data that was released today, the dollar seems to be weak and that happened to have resisted the price of USDCHF from moving higher,
The price is developing, and I am waiting for a break below the support , followed by a sharp retest of the broken support newly used as resistance to go SHORT.
You may find more details in the chart!
Thank you and Trade Responsibly!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
USDCHF Breakout and Potential RetraceHey Traders, in today's trading session we are monitoring USDCHF for a buying opportunity around 0.85 zone, USDCHF was trading in a down trend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.85 support and resistance area.
Trade safe, Joe.
USD/CHF: Liquidity Grab at 0.84323 Signals Long SetupThe USD/CHF pair recently grabbed liquidity at the 0.84323 level, aligning with a significant demand area, which has sparked a potential reversal. Following this initial reversal impulse, we are closely monitoring this zone for a long entry.
The liquidity grab at 0.84323 is noteworthy, as it indicates a possible shift in market dynamics, with a strong buying interest emerging at this critical level. This demand area has historically provided robust support, making it a key level to watch for a sustained upward move.
Our analysis of the supply and demand dynamics supports the case for a long position. The current market structure suggests that the demand zone at 0.84323 is poised to hold, providing the foundation for a bullish continuation. Additionally, the seasonal trends for USD/CHF historically favor upward movements during specific periods, further reinforcing the potential for a price surge.
The Commitment of Traders (COT) report adds another layer of confirmation to this setup. The data indicates that large traders and institutions have begun accumulating long positions in USD/CHF, signaling growing confidence in a potential upward trend.
Given the confluence of the liquidity grab at 0.84323, the strong demand area, supportive seasonal trends, and bullish signals from the COT report, we are looking to go long on USD/CHF. The technical and sentiment indicators suggest a favorable environment for a price surge, making this a promising opportunity for traders.
✅ Please share your thoughts about USD/CHF in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Bullish bounce off 38.2% Fibonacci support?USD/CHF is falling toward the pivot which has been identified as an overlap support and could reverse to the 1st resistance which acts as a pullback resistance.
Pivot: 0.8564
1st Support: 0.8501
1st Resistance: 0.8652
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Buy USD/CHF Triangle BreakoutThe USD/CHF pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 0.8853
Target Levels:
1st Resistance – 0.8895
2nd Resistance – 0.8923
Stop-Loss: To manage risk, place a stop-loss order below 0.8790. This helps limit potential losses if the price falls back unexpectedly.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
USDCHF Is Approaching a decent resistanceHey Traders, in the coming week we are monitoring USDCHF for a selling opportunity around 0.88800 zone, USDCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.88800 support and resistance area.
Trade safe, Joe.
USD/CHF Continues to Decline After Reversing at 0.9225The USD/CHF currency pair has been on a steady decline following a significant reversal at the 0.9225 level, where the price started to exhibit bearish behavior. This shift in trend has captured the attention of traders and analysts alike, prompting a deeper examination of the market conditions and potential future movements.
In analyzing the Commitments of Traders (COT) report, it becomes evident that positioning has shifted, suggesting a bearish sentiment among large speculators. This insight, combined with seasonal trends, indicates that the USD/CHF pair may be poised for further declines in the short term. Historical data shows that certain periods of the year tend to favor either bullish or bearish movements in currency pairs, and the current seasonality seems to support a continuation of the bearish trend.
Moreover, our supply and demand analysis reveals critical levels where price reactions are likely. The demand area around 0.8680 stands out as a significant support zone. This level has historically acted as a stronghold, where buying interest could potentially reverse the ongoing downtrend. Should the price breach this level, the next demand area to watch is lower, where further price stabilization could occur.
As we monitor these levels, it is crucial to look for confirming patterns before committing to a trade. Patterns such as double bottoms, bullish engulfing candles, or other reversal signals within these demand zones will be key indicators of a potential trend change. By waiting for these confirmations, we aim to minimize risk and increase the probability of a successful trade.
✅ Please share your thoughts about USD/CHF in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
USDCHF - Bearish => Bullish!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 As per our last analysis, attached on the chart, USDCHF rejected the resistance zone and traded lower.
Currently, USDCHF approaching the lower bound of the red channel.
Moreover, it is retesting a support zone marked in blue.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the blue support and lower red trendline acting as a non-horizontal support.
📚 As per my trading style:
As #USDCHF approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Bullish bounce?USD/CHF is has reacted off the pivot which acts as a pullback support and could rise to the 1st resistance level.
Pivot: 0.8832
1st Support: 0.8782
1st resistance: 0.8872
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
USDCHF Potential DownsidesHey Traders, in today's trading session we are monitoring USDCHF for a selling opportunity around 0.89400 zone, USDCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.89400 support and resistance area.
Trade safe, Joe.
Bearish reversal?USD/CHF is rising towards the resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.8914
Why we like it:
There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement.
Stop loss: 0.8969
Why we like it:
There is a pullback resistance level.
Take profit: 0.8835
Why we like it:
There is a pullback support level.
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: USD May Weaken Against The ClassicHey Traders, in today's trading session we are monitoring USDCHF for a selling opportunity around 0.89500 zone, USDCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.89500 support and resistance area.
Trade safe, Joe.
Potential bullish rise?USD/CHF has just bounced off the support level which is a pullback support and could rise from this level to our take profit.
Entry: 0.8827
Why we like it:
There is a pullback support level.
Stop loss: 0.0.8786
Why we like it:
There is a pullback support level.
Take profit: 0.8886
Why we like it:
There is a pullback resistance level.
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:Hello Traders,
I'll short the pair after a confirmation, I'm more eager to short around top of the short-term channel.
This is the daily chart, A clear bearish channel is obvious. We have perfectly reacted to the top of this channel.
And this is 2h chart.
A bullish channel formed and is broken now! We even observed a reversal and we are waiting for more bearish days, At least to the middle of long-term channel.