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Usd-chf

#USDCHF approaching pivot, potential for a reversal! Description Price is approaching pivot level of 0.93018 where we have 50.0% Fibonacci retracement levelhorizontal swing high resistance lining up. A reversal from this level might see price take support at 0.92322, which is in line with horizontal overlap support, 38.2% Fibonacci retracement level. Finally, price is unlikely to surpass our strong resistance at 0.93321, which coincides with 127.2% Fibonacci retracement level . This is further supported by how price is now holding above the Ichimoku cloud support. Pivot: 0.93018 Why we like it: 50.0% Fibonacci retracement levelhorizontal swing high resistance 1st Support: 0.92322 Why we like it: horizontal overlap support, 38.2% Fibonacci retracement level 1st Resistance: 0.93321 Why we like it: 127.2% Fibonacci retracement level Trading FX & CFDs carries high risk.
Short
by VantageMarkets
USD Strenghtening Due To Declining Jobless ClaimsFundamental Info: Today it was reported that there is a decline in the numbers of Initial Jobless Claims and Continuous Jobless Claims of US which are totally a good trend for the job market of the country. If the trend persists, we can expect the Fed to have more hawkish on interest rate comments in the future. Technical Analysis : Based on 4H Chart, USDCHF is now actually running on the uptrend line. A recent good job market report could continue the trend.
Long
by TheWallPipsJournal
#USDCHF approaching pivot, potential for a bounce!Description Price is approaching pivot level of 0.92911, which is in line with 50.0% Fibonacci retracement level, 61.8% Fibonacci retracement level. A reversal from this level may see price take resistance at price 0.93698. This level coincides with 127.2% Fibonacci retracement level. Finally, we can expect price to take support at 0.9269450.0% Fibonacci retracement level, 61.8% Fibonacci retracement level . This is further supported by how price is now holding above the Ichimoku cloud support. Pivot: 0.92911 Why we like it: 50.0% Fibonacci retracement level, 61.8% Fibonacci retracement level 1st Support: 0.92694 Why we like it: 50.0% Fibonacci retracement level, 61.8% Fibonacci retracement level 1st Resistance: 0.93698 Why we like it: 127.2% Fibonacci retracement level Trading FX & CFDs carries high risk.
Long
by VantageMarkets
#USDCHF approaching pivot, potential for a bounce!Description Price is approaching pivot level of 0.92911, which is in line with 50.0% Fibonacci retracement level, 61.8% Fibonacci retracement level. A reversal from this level may see price take resistance at price 0.93698. This level coincides with 127.2% Fibonacci retracement level. Finally, we can expect price to take support at 0.9269450.0% Fibonacci retracement level, 61.8% Fibonacci retracement level . This is further supported by how price is now holding above the Ichimoku cloud support. Pivot: 0.92911 Why we like it: 50.0% Fibonacci retracement level, 61.8% Fibonacci retracement level 1st Support: 0.92694 Why we like it: 50.0% Fibonacci retracement level, 61.8% Fibonacci retracement level 1st Resistance: 0.93698 Why we like it: 127.2% Fibonacci retracement level Trading FX & CFDs carries high risk.
Long
by VantageMarkets
USDCHF holding below descending trendline resistance! Potential USDCHF is holding below descending trendline resistance and 1st resistance at 0.92736 in line with 50% Fibonacci retracement and 23.6% Fibonacci extension. A further push down towards 1st support at 0.92161 in line Horizontal swing low and 61.8% Fibonacci extension may be expected. Our bearish is further supported by how Stochastic is reacting below resistance where price dropped in the past. Otherwise price may bullish towards 2nd resistance at 0.92919 in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by TradeGATEHub
#USDCHF approaching pivot, potential for a bounce!Price is approaching pivot level of 0.9229, which is in line with 61.8% Fibonacci retracement level horizontal swing low support. A reversal from this level may see price take resistance at price 0.93329. This level coincides with horizontal swing high resistance. Finally, we can expect price to take support at 0.91756horizontal swing low support . This is further supported by how price is now holding above the EMA . Pivot: 0.92290 Why we like it: 61.8% Fibonacci retracement level horizontal swing low support 1st Support: 0.91756 Why we like it: horizontal swing low support 1st Resistance: 0.93329 Why we like it: horizontal swing high resistance Trading FX & CFDs carries high risk.
Long
by VantageMarkets
Breakout Identified in USDCHFSignal ID: 77638 Time Issued: Monday, 20 September 2021 14:37:15 GMT Status: open Entry: 0.92714 - 0.92951 Limit: 0.92366 Stop Loss: 0.93285 The Breakout Opportunities system has just sold USDCHF at 0.9283. The system recommends entering this trade at any price between 0.92714 and 0.92951. The signal was issued because the USDCHF has broken its 24-hour low while our Speculative Sentiment Index was at 2.67595, suggesting that the USDCHF may have further to fall. A stop loss has been set at the 24-hour high of 0.93314 and a profit target has been set at the 1 Day ATR level at 0.92366. 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.
Short
by FXCM
3
#USDCHF approaching pivot, potential for a reversal! Price is approaching pivot level of 0.93329 where we have 100% Fibonacci extension level horizontal swing high resistance lining up. A reversal from this level might see price take support at 0.92396, which is in line with 61.8% Fibonacci retracement level horizontal overlap support. Finally, price is unlikely to surpass our strong resistance at 0.93864, which coincides with -27.2% Fibonacci retracement level, 127.2% Fibonacci extension level . This is further supported by how price is likely to reverse off the Stochastic resistance level. Pivot: 0.93329 Why we like it: 100% Fibonacci extension level horizontal swing high resistance 1st Support: 0.92396 Why we like it: 61.8% Fibonacci retracement level horizontal overlap support 1st Resistance: 0.93864 Why we like it: -27.2% Fibonacci retracement level, 127.2% Fibonacci extension level Trading FX & CFDs carries high risk.
Short
by VantageMarkets
USD/CHF Managing to Break the ConsolidationGood morning, traders! We will analyze USD/CHF on the 8H Chart (it is not a very used timeframe, but it is handy) to show the current behavior and explain why we consider that this pair has upward potential in the short term. 🔸We see a clear transition from a downtrend to a potential uptrend. 🔸Price broke the bearish channel with solid momentum but had been consolidating ever since. 🔸It is a corrective movement of approximately 4 months, where we can draw two clear structures. 🔸We are now seeing a breakout of the second structure, which may lead to a bullish move towards the next resistance zone. 🔸The movement may be pretty aggressive, as it is normal for solid trends to come after large consolidations.
Long
by ThinkingAntsOk
4
USD/CHF- Breakout above resistance Hello, Today I have entered long on the USD/CHF. This move was massively helped yesterday with the US Retail sales, however I believe the recovery in the DXY will happen sooner than later and that was just the start. USD/CHF has now convincingly pushed above resistance and we can expect that this move will continue towards the next area of resistance at 0.94371. Prices to watch during the move will be 0.93565, this is where the price took a violent turn back to support in May...before later that month reaching target. United States Michigan Consumer Sentiment figures will be out at today (17th September) 3pm. This is expected to be bullish for the DXY. Expected to be in this trade unto 3/4 weeks. Good luck if you join the trade.
Long
by Goodland_UK
#USDCHF approaching pivot, potential for a rise! Price has broken above our pivot level at 0.92588 which is in line with 23.6% Fibonacci retracement level . We could potentially see a further rise from here towards 0.9313, which coincides with -27.2% Fibonacci retracement level, 161.8% Fibonacci extension level. Finally, we can expect price to take support at 0.9237, which coincides with 38.2% Fibonacci retracement level horizontal overlap support . This is further supported by how MACD is holding above the 0 line. Pivot: 0.92588 Why we like it: 23.6% Fibonacci retracement level 1st Support: 0.92370 Why we like it: 38.2% Fibonacci retracement level horizontal overlap support 1st Resistance: 0.93130 Why we like it: -27.2% Fibonacci retracement level, 161.8% Fibonacci extension level Trading FX & CFDs carries high risk.
Long
by VantageMarkets