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Usdchfforecast

USDCHF BIG BUY/LONG OPPORTUNITY!Technical Analysis 1. Potential Inverse Head & Shoulders 2. Market broke out from Resistance Level and Retraced to Previous Resistance Now Turned SUPPORT 3. Area of Confluence with Horizontal Support Structure, Trendline Pivot Point, EMA 60 and 200 4. RSI current at OVERSOLD Level Projected Mirrors, Take Profits and Re-Entries Buy Entry: 0.92316 1st Take Profit: 0.96702 1st Re-Entry: 0.95522 2nd SAFE Take Profit: 0.98351 2nd Re-entry: 0.93886
Long
by traderprosignals
USDCHF | Perspective for the new week | Follow-upWe had a very good trading opportunity on our last trade on this pair as the price moved over 500pips in our direction since my last publication (see link below for reference purposes). Fr0.92300 has held price "Supported" five good times in the past hereby making this level a very viable Demand zone we can "trust". However, this same level has been a strong Support/Resistance level on the weekly chart (see below) and considering this character I shall be very careful here as a Breakdown might insinuate a risk of further decline... Let's take a look at what I think; Tendency: Neutral Structure: Breakdown | Supply & Demand | Trendline | Reversal Pattern (H and S) Observation: i. The Trendline indicated on the chart has been a significant factor in deciding the prevailing bias of participants in the market since December 2020 as price tend to follow in the direction of a Break above/below at any given point in time. ii. Since the break above of trendline (Fr0.91400) happened in early March 2021, Price has found a niche above Fr0.92200 which has become a strong Demand level. iii. Demand level is considered strong due to the number of times the price has rejected this level to the upside in the past (five times!). iv. Even as this level is considered strong, I am in a dilemma as the Breakdown of the Trendline during last week trading session might either be a false Breakdown or an incitation of a further decline in the nearest future should the price decide not to respect the Demand zone and do a Breakdown. v. To be on the safe side for a rally continuation, I shall be looking to buy above Neckline which will also be a Key level @ Fr0.92750 for Bullish expectations. vi. How to know if Breakdown is valid or not? When the price does not respect Demand zone and break down the Fr0.92000 area then we look forward to correction of Breakdown to join the decline train. vii. This been said, we can not ignore the Reversal setup forming on the Daily chart as I see a Head and Shoulder pattern forming should price rally in the coming week (see chart below). Trading plan: BUY confirmation with a minimum potential profit of 150 pips. SELL confirmation with a minimum potential profit of 170 pips. Risk/Reward : 1:5 Potential Duration: 5 to 10days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
2
USD/CHF SELL IDEA Hey tradomaniacs, welcome to another free trading-setup. Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation! USD/CHF: Daytrade-Preparation Market-Sell: 0.93990 Stop-Loss: 0.94280 Point of Risk-Reduction: 0.93700 Take-Profit: 0.93200 Stop-Loss: 29 pips Risk: 0,5%-1% Risk-Reward: 2,80 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me
Short
by Trading2ez
5
USD/CHF BUY IDEAHey tradomaniacs, welcome to another free trading-setup. Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation! USD/CHF: Daytrade-Preparation Market-Buy: 0,92750 Stop-Loss: 0.92000 Point of Risk-Reduction: 0.93240 Take-Profit: 0.94940 Stop-Loss: 72 pips Risk: 0,5%-1% Risk-Reward: 3,10 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me
Long
by Trading2ez
6
USDCHF ANALYSIS 15 - 19 FEB ANALYSIS -------------- DAILY TF: BULLISH ENGULFING + INVERSE HEAD & SHOULDERS PATTERN 4HR TF: BREAK OF RECENT LOWER HIGH 1HR: BULLISH BREAKOUT OF CONSOLIDATION BOX PLAN OF ACTION ---------------------- - WAIT FOR RETRACEMENT/ CORRECTION PHASE ON THE 1HR TF TO COMPLETE BEFORE TAKING BUYS - IF OPPORTUNITY PRESENTS ITSELF, WE CAN TAKE THE ANTI-TREND SELLS TRADES ENTRY REASON -------------------- - BREAK OF CORRECTION PHASE STOP LOSS @ TO BE DETERMINED AFTER CORRECTION TAKE PROFIT @ NEXT ZONE
Long
by Terapips
3
USDCHF | Perspective for the new weekThe price moved in our direction (180pips) as predicted in my last speculation on this pair (see link below for reference purposes). After a 2 month long battle, Buyers finally broke above the key Fr0.89300 level (neckline) on Thursday... A complete reversal pattern is formed (Inverse Head and Shoulder) as I anticipate a rally soon. Tendency: Uptrend ( Bullish ) Structure: Reversal pattern (Inverse H & S)| Breakout | Supply & Demand Observation: i. It is fascinating to see how my Key Level @ Fr0.89000 becomes a decision maker last week after an emphatic breakout. ii. Buyers finally redeems the hope of going Long in the coming week(s). iii. After finding bottom @ Fr0.87600, Price has continued to appreciate as it keeps finding Higher Highs till the Breakout happens. iv. I can not ignore the appearance of the Inverse H & S (a very strong reversal pattern); Bearish Leg that began mid-2020 falls to make a Shoulder and then rises to the Neckline(Fr0.89000); price then falls again and below the former Shoulder to make a Head and then rises again; finally, the price falls again but not as far as the second Shoulder to usher in a successful Breakout. v. Looking forward to a correction into Demand zone as I shall watch out for significant spring up from this proposed new Demand area. Trading plan: BUY confirmation with a minimum potential profit of 200 pips. Risk/Reward : 1:4 Potential Duration: 10 to 20 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
1
USDCHF BULLS LINING UP FOR NEXT IMPULSEAfter the correction at the golden Fibonacci level 618 in confluence with the key level at 0.8988, the price action shows some consolidation. However, the candles are forming LH the uptrend bias remains intact. A potential long setup above the consolidation area allows a decent R:R 1:3 "---" 1:5 "__" -- *** If you like the idea, please don't be shy and click on the like button; also, comments are very welcome. | Thanks for your support!!! ***
Long
by OGFXTRADER
USD/CHF Update !!Good Day Traders !! On this pair we just completed the 5 waves of the impulse corrective continuation pattern on the monthly timeframe and we just started the ABC corrective wave. On the Weekly timeframe we have a the price that started creating a rising Wedge and this is why we expect it to retrace to the neckline of the H&S and begin his next impulsion. From a daily perspective we have a H&S formation and we expect the price to go retest the neckline before the continuation to the upside. From an institutional perspective we can see that we have a pretty strong CHF since we added more than 4500 long position on the last report in addition to hedge funds closing 750 short position.On the USD we are seeing that the $ is showing weakness overtime since we had only -2300 Net position back in November and now we are sitting at -14K Net position. Now if you enjoyed this analysis smash that like button and share. If you have a different opinion please leave a comment below as I would love to get more insights and ideas. I also linked my previous idea about this asset. Trade safe !!!
by TheDayzen
2
USD/CHF Has Rejected Resistance LevelThis has rejected the resistance level that I marked out in my previous analysis. My medium term target is 0.86993 although this is still in a bullish mood on MACD and EMA's have not yet crossed so we need to be cautious. It may be better to trade this with short term goals to reach to overall target of 0.86993. With this in mind I have marked out 0.89261 as a support that needs to be passed, so this can be a TP level before assessing the situation when it reaches here for another entry.
Short
by olly48