Alikze »» USDCAD | Head and shoulders patternIn the 4h, 1h times, it has been moving in a downward channel, which has now hit the specified resistance level after exiting the downward channel and is associated with selling pressure. Two behavioral scenarios in 4h time can be imagined for it.
💎 The first scenario: if it returns with a resistance level, if it does not have the ability to break the zone, it can continue to the support level of the correction that an OB has caused the price to jump.
💎 Second scenario: considering that it has left the descending channel, this return can be considered as a pullback to the broken descending channel, but to continue the path, it must break the resistance level and Fibo 61.8 for the target. Otherwise, the first scenario will be likely.
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USDCHF
Approaching 61.8% Fibonacci supportUDS/CHF is trading at the pivot. Could this FX pair stabilize around this zone before potentially reversing to bounce higher towards the 1st resistance?
Pivot: 0.9081
1st Support: 0.8999
1st Resistance: 0.9147
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Strifor || USDJPY-02/05/2024Preferred direction: SELL
Comment: The dollar is expected to fall even when paired with the Japanese yen . By the way, our previous trading idea worked out perfectly, and the target was fixed at the level of 153.222 . At the moment, another approach to this level is expected, with a high probability of its breakdown downward. The trade is short-term, and one can count on such a movement within 1-2 days . The two most likely scenarios for this trading idea are depicted in the chart.
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Strifor || USDCHF-02/05/2024Preferred direction: SELL
Comment: The franc also closed yesterday's target, and the fall is likely to continue in the short term. This applies to all major competitors of the US dollar , which has begun to correct. However, it should be noted that in a more global perspective, the US dollar is still strong, and we can expect the upward trend to continue.
We consider a short trade on the franc through two scenarios near the level of 0.91424 . The most likely scenario №1 says about a fall from current prices. Scenario №2 - serves as plan B. We place the target for the fall at the level of 0.90500 .
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Strifor || EURAUD-01/05/2024Preferred direction: SELL
Comment: Previous trading ideas for this currency pair worked perfectly, and, as expected, the resistance level of 1.64767 has stopped buyers. At the moment, the probability of resuming the downward movement is high. An increase towards 1.65500 is not excluded within the framework of scenario №2 . However, the more likely scenario №1 involves a fall from current prices with a target at the level of 1.63067 .
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USDCHF Will Go Up! Long!
Take a look at our analysis for USDCHF.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 0.909.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.912 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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USDCHF The Target Is UP! BUY!
My dear friends,
USDCHF looks like it will make a good move, and here are the details:
The market is trading on 0.9126 pivot level.
Bias - Bullish
Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market.
Goal - 0.9161
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
USDCHF Will Go Down! Short!
Take a look at our analysis for USDCHF.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 0.921.
Considering the today's price action, probabilities will be high to see a movement to 0.916.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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USD/CHF H4 | Falling towards an overlap supportUSD/CHF is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 0.9089 which is an overlap support.
Stop loss is at 0.9040 which is a level that lies underneath a pullback support.
Take profit is at 0.9168 which is a pullback resistance that aligns with the 61.8% Fibonacci retracement level.
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Losses can exceed deposits.
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USDCHF: Multi TFDespite positive news for CHF, we view the pair as bullish as long as it remains above 0.90892.
The daily chart reveals a clear short-term bullish channel.
On the 4-hour chart, a strong zone is apparent.
Exercise caution:
Do not enter long positions until the LR + 2 * stdev line is broken.
Avoid short positions until the level of 0.90892 is breached.
Strifor || USDCHF-01/05/2024Preferred direction: SELL
Comment: Despite the weakness of the franc (only the yen is weaker among the majors), we are also considering the weakening of the US dollar . The European session will be calm, most likely against the backdrop of Labor Day, but the American session will be busy. Of course, market participants will be especially interested in the Fed's decision on interest rates.
Against this background, we consider two scenarios with a common target at the level of 0.91424 . The deal is being considered in the medium term.
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Perfect setup, bad luck USDCHFI posted this setup some days ago and i was monitoring this pair. I placed a sell limit order at 0.9230, and unfortunately entry wasn't trigger for some pips. I will look for a new entry short as soon as i will find an opportunity, even if i expect 0.92 to be touched again in the coming weeks.
USD/CHF potential bullish rise?Price has just bounced off the support level which is a pullback support that lines up with the 50% Fibonacci retracement and could potentially rise to our take profit.
Entry: 0.91511
Why we like it:
There is a pullback support level which aligns with the 50% Fibonacci retracement.
Stop loss: 0.90981
Why we like it:
There is a pullback support level
Take profit: 0.92252
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 - 4hrs ( Buy Trade Target Range 180 PIP ) Pair Name : USD/CHF
🗨Time Frame : 4hrs Chart / Close
➕Scale Type : Large Scale
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🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
✔️ Key Technical / Direction ( Long After Retest )
Type : Mid Term Swing
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Bullish Break
0.91700 Area
reasons
- Major Turn level
- Bullish Flag Break
- Choch Area Break Out
- visible Range Hvn Area
- Day / week High Break
Bearish Reversal
0.93800 Area
Reasons
- Major Turn level
- pattern Target
- Quarters Area
- Fibo Golden 161.8 %
Market Analysis: USD/CHF Extends RallyMarket Analysis: USD/CHF Extends Rally
USD/CHF is rising and might aim a move toward the 0.9250 resistance.
Important Takeaways for USD/CHF Analysis Today
USD/CHF is showing positive signs above the 0.9185 resistance zone.
There was a break above a major bearish trend line with resistance at 0.9130 on the hourly chart at FXOpen.
USD/CHF Technical Analysis
On the hourly chart of USD/CHF at FXOpen, the pair started a decent increase from the 0.9100 support. The US Dollar climbed above the 0.9120 resistance zone against the Swiss Franc.
There was a break above a major bearish trend line with resistance at 0.9130. The bulls were able to pump the pair above the 50-hour simple moving average and 0.9185. Finally, the pair tested the 0.9215 zone.
A high was formed near 0.9216 and the pair is still showing signs of more upsides. On the upside, the pair is now facing resistance near 0.9215.
The next major resistance is at 0.9240. The main resistance is now near 0.9250. If there is a clear break above the 0.9250 resistance zone and the RSI remains above 60, the pair could start another increase. In the stated case, it could test 0.9300.
If there is a downside correction, the pair might test the 23.6% Fib retracement level of the upward move from the 0.9088 swing low to the 0.9216 high at 0.9185.
The first major support on the USD/CHF chart is near the 50% Fib retracement level of the upward move from the 0.9088 swing low to the 0.9216 high at 0.9150. A downside break below 0.9150 might spark bearish moves. The next major support is near the 0.9130 pivot level. Any more losses may possibly open the doors for a move toward the 0.9100 level in the near term.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
USD-CHF Strong Resistance Ahead! Sell!
Hello,Traders!
USD-CHF keeps growing
In a strong uptrend but
The pair looks locally
Overbought so as it
Is approaching a strong
Horizontal resistance
Level of 0.9244 a
Local bearish correction
Is to be expected
After the retest
Sell!
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Falling towards 61.8% Fibonacci retracement support?USD/CHF is falling towards a support level which is an overlap support that aligns with the 61.8% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.90750
Why we like it:
There is an overlap support level which aligns with the 61.8% Fibonacci retracement.
Stop loss: 0.90137
Why we like it:
There is a pullback support level
Take profit: 0.91511
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 BIG BULLISH MOVE AHEAD!!!HELLO TRADERS!!!
As I can see this chart is show us a big incoming bullish move in this pair as we can see weekly based chart it has to test the given resistance price zone given as TP USDCHF is now trading above the support zone and respecting the uptrend line it can be 4h support and daily based broken resistances now. let's see what markets brings share Ur thoughts with us we appreciate Ur support and love.
STAY TUNED!
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