USDCHF potential for further downtrend | 27th DecPrice is abiding by a descending trendline and near sell entry price of 0.92219 which is 38.2% Fibonacci retracement and61.88% Fibonacci projection. Price can potentially dip to the take profit level of 0.91701. Our bearish bias is supported by the ichimoku cloud indicator
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Usd-chf
Breakout Identified in USDCHF | 24th Dec Signal ID: 78841
Time Issued: Thursday, 23 December 2021 22:46:15 GMT
Status: open
Entry: 0.91602 - 0.91837
Limit: 0.91236
Stop Loss: 0.92177
The Breakout Opportunities system has just sold USDCHF at 0.91724. The system recommends entering this trade at any price between 0.91602 and 0.91837. The signal was issued because the USDCHF has broken its 24-hour low while our Speculative Sentiment Index was at 7.88535, suggesting that the USDCHF may have further to fall. A stop loss has been set at the 24-hour high of 0.92177 and a profit target has been set at the 1 Day ATR level at 0.91236. The system will move the stop to the next 24-hour high every time that 24-hour high is lower than the previous 24-hour high. Breakout Opportunities is a breakout strategy that aims to catch the significant moves that typically happen when currencies break through technical support or resistance.
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 websit
USDCHF potential for short reversal | 23rd DecPrice is near buy entry price of 0.91888 which is also 100% Fibonacci projection and 78.6% Fibonacci retracement . Price can potentially go to the take profit level of 0.92699 which is also 100% Fibonacci projection and 78.6% Fibonacci retracement . Our bullish bias is supported by the stochastic indicator as it is near support level .
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 short reversal | 23rd DecPrice is near buy entry price of 0.91888 which is also 100% Fibonacci projection and 78.6% Fibonacci retracement. Price can potentially go to the take profit level of 0.92699 which is also 100% Fibonacci projection and 78.6% Fibonacci retracement. Our bullish bias is supported by the stochastic indicator as it is near support level.
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 short reversal | 22nd DecAny 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 short reversa. | 22nd DecPrice is near sell entry price of 0.92529 which is 61.8% Fibonacci retracement and 78.6% Fibonacci projection. Price can potentially dip to the take profit level of 0.91948 which is 100% Fibonacci projection and 78.6% Fibonacci retracement. Our bearish bias is supported by stochastic indicator as it is near resistance level.
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 short-term bearish momentum | 20th Dec 2021On the H4 timeframe, we can expect price to drop from the pivot level in line with 100% Fibonacci projection , 78.6% Fibonacci retracement and horizontal resistance towards take profit level in line with 78.6% Fibonacci retracement , 78.6% FIbonacci projection and ascending trendline support. Our short-term bearish momentum is further supported by the RSI indicator where it is approaching the recent resistance level .
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 short-term bearish momentum | 20th Dec 2021On the H4 timeframe, we can expect price to drop from the pivot level in line with 100% Fibonacci projection, 78.6% Fibonacci retracement and horizontal resistance towards take profit level in line with 78.6% Fibonacci retracement, 78.6% FIbonacci projection and ascending trendline support. Our short-term bearish momentum is further supported by the RSI indicator where it is approaching the recent resistance level.
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 approaching pivot, potential for a rise! Description
Price has broken above our pivot level at 0.92243 which is in line with 38.2% Fibonacci retracement level and horizontal overlap support . We could potentially see a further rise from here towards 0.92802, which coincides with 100% Fibonacci projection level and horizontal swing high resistance. Finally, we can expect price to take support at 0.91741, which coincides with 61.8% Fibonacci projection level and horizontal swing low support . This is further supported by how price is now holding above the Ichimoku cloud support.
Pivot:
0.92243
Why we like it:
38.2% Fibonacci retracement level and horizontal overlap support
1st Support:
0.91741
61.8% Fibonacci projection level and horizontal swing low support
1st Resistance:
0.92802
100% Fibonacci projection level and horizontal swing high resistance
Trading FX & CFDs carries high risk.
Breakout Identified in USDCHF |17th DecSignal ID: 78733
Time Issued: Friday, 17 December 2021 05:57:15 GMT
Status: open
Entry: 0.91679 - 0.91985
Limit: 0.91310
Stop Loss: 0.92535
The Breakout Opportunities system has just sold USDCHF at 0.91802. The system recommends entering this trade at any price between 0.91679 and 0.91985. The signal was issued because the USDCHF has broken its 24-hour low while our Speculative Sentiment Index was at 5.14224, suggesting that the USDCHF may have further to fall. A stop loss has been set at the 24-hour high of 0.92535 and a profit target has been set at the 1 Day ATR level at 0.9131. The system will move the stop to the next 24-hour high every time that 24-hour high is lower than the previous 24-hour high. Breakout Opportunities is a breakout strategy that aims to catch the significant moves that typically happen when currencies break through technical support or resistance.
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.
Breakout Identified in USDCHF |17th Dec Signal ID: 78733
Time Issued: Friday, 17 December 2021 05:57:15 GMT
Status: open
Entry: 0.91679 - 0.91985
Limit: 0.91310
Stop Loss: 0.92535
The Breakout Opportunities system has just sold USDCHF at 0.91802. The system recommends entering this trade at any price between 0.91679 and 0.91985. The signal was issued because the USDCHF has broken its 24-hour low while our Speculative Sentiment Index was at 5.14224, suggesting that the USDCHF may have further to fall. A stop loss has been set at the 24-hour high of 0.92535 and a profit target has been set at the 1 Day ATR level at 0.9131. The system will move the stop to the next 24-hour high every time that 24-hour high is lower than the previous 24-hour high. Breakout Opportunities is a breakout strategy that aims to catch the significant moves that typically happen when currencies break through technical support or resistance.
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 approaching pivot, potential for a rise! Description
Price has broken above our pivot level at 0.91869 which is in line with 78.6% Fibonacci retracement level and horizontal swing low support . We could potentially see a further rise from here towards 0.92668, which coincides with 50.0% Fibonacci retracement level and horizontal swing high resistance. Alternatively, we may see price drop to 1st support at 0.91049, which coincides with horizontal swing low support . This is further supported by how price is testing the support of the stochastics indicator.
Pivot:
0.91869
Why we like it:
78.6% Fibonacci retracement level and horizontal swing low support
1st Support:
0.91049
Why we like it:
Horizontal swing low support
1st Resistance:
0.92668
Why we like it:
50.0% Fibonacci retracement level and horizontal swing high resistance
Trading FX & CFDs carries high risk.
GBPCHF Long IdeaFollowing on from Tuesday's successful GBP CHF analysis, I believe that GBPCHF will re-test the 1.24 levels ahead of the UK's interest rate decision at 1:30 today. Across the pond, the Fed's policy decision regarding a faster taper surged the dollar and indices across the board. It's very likely for the BoE to follow in the Feds path in rising interest rates, if this is the case then Sterling Pairs are likely to surge. If the BoE decides not to increase inflation then this trade could go the other way. However, the price has just broken past the 1.226 resistance zone which provides me with confidence in the direction of this position.
USDCHF on a triangle pattern? 🦐USDCHF on the 4h chart is moving between 2 converging trendlines.
The price has bounced a few times over the support at the 0.618 Fibonacci level.
According to Plancton's strategy IF the market will break above the descending trendline and satisfy the ACADEMY rules we will set a nice long order.
--––
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 bearish momentum! | 15 Dec 2021Prices are on bearish momentum. We see the potential for a dip from our sell entry at 0.93057 which is an area of Fibonacci confluences towards our Take Profit at 0.91563 in line with 78.6% Fibonacci retracement . Technical indicators are showing bearish momentum.
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 bearish momentum! | 15 Dec 2021Prices are on bearish momentum. We see the potential for a dip from our sell entry at 0.93057 which is an area of Fibonacci confluences towards our Take Profit at 0.91563 in line with 78.6% Fibonacci retracement. Technical indicators are showing bearish momentum.
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 approaching pivot, potential for a rise!Description
Price has broken above our pivot level at 0.92254 which is in line with 38.2% Fibonacci retracement level and horizontal overlap support . We could potentially see a further rise from here towards 0.92668, which coincides with 50.0% Fibonacci retracement level and horizontal swing high resistance. Finally, we can expect price to take support at 0.91946, which coincides with 61.8% Fibonacci retracement level and horizontal swing low support . This is further supported by how price is now holding above the Ichimoku cloud support.
Pivot:
0.92254
Why we like it:
38.2% Fibonacci retracement level and horizontal overlap support
1st Support:
0.91946
Why we like it:
61.8% Fibonacci retracement level and horizontal swing low support
1st Resistance:
0.92668
Why we like it:
50.0% Fibonacci retracement level and horizontal swing high resistance
Trading FX & CFDs carries high risk.
#USDCHF approaching pivot, potential for a drop! Description
Price is reacting below our pivot level at 0.92242 which is in line with 38.2% Fibonacci retracement level and horizontal overlap resistance. Price can potentially drop to 1st support at 0.91713, which is in line with 127.2% Fibonacci extension level and horizontal overlap support. Alternatively, price may rise up to our 1st resistance at 0.92502, which coincides with 78.6% Fibonacci retracement level and horizontal swing high resistance . This is further supported by how price is now holding below the Ichimoku cloud resistance.
Pivot:
0.92242
Why we like it:
38.2% Fibonacci retracement level and horizontal overlap resistance
1st Support:
0.91713
Why we like it:
127.2% Fibonacci extension level and horizontal overlap support
1st Resistance:
0.92502
Why we like it:
78.6% Fibonacci retracement level and horizontal swing high resistance
Trading FX & CFDs carries high risk.