Preferred direction: SELL
Comment: A medium-term trade on the USDCHF currency pair is relevant, here we are just refreshing this short trading idea. Let us remind you that we continue to accumulate medium-term short and today scenario №2 has already been activated. That is, we previously considered both scenarios simultaneously using a "step by step"...
Take a look at our analysis for USDCHF.
Time Frame: 1D
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 0.908.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 0.895 level.
P.S
The term...
The USD/CHF currency pair has exhibited bullish tendencies on the higher time frame. Currently, we are witnessing a significant retracement as price has encountered resistance. In the accompanying video, we explore a potential trading opportunity, contingent upon the development of favorable price action. We identify key support and resistance levels, along with...
Here I have USD/CHF on the Daily Chart!
Now we've been following USD/CHF since it created its NEW LOW back in Dec. '23.
This LOW I believe sparked the beginning of an Elliot Wave and currently we are looking at what seems to be a possible LAST LEG of this Impulse Move!
Price has currently created a HIGHER HIGH @ .90721, so we will be looking for Price to...
USD/CHF is rising toward the resistance level, which is a pullback resistance that aligns with the 161.8% Fibonacci extension and the 61.8% Fibonacci projection. A reversal from this level could indicate a triple top pattern, which could lead to a price drop to our take profit target.
Entry: 0.91497
Why we like it:
There is a pullback resistance level which...
The USD/CHF pair on the M30 timeframe presents a possible shorting opportunity due to a recent breakout from a pattern.
Potential Short Trade:
Entry: Below the broken level, ideally around 0.9140 after confirmation of the breakout. Confirmation could involve a retest of the broken level as resistance or a sustained move below the level.
Target Levels:
0.9060:...
✅USD_CHF is trading in an
Uptrend and the pair is
Making a bullish rebound
From the horizontal support
Level of 0.9095 so we will
Be expecting a further move up
LONG🚀
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It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current USDCHF chart which, if analyzed properly, clearly points in the upward direction.
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USD/CHF is falling towards a support level which is a pullback support which aligns with the 61.8% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.90607
Why we like it:
There is a pullback support level which aligns with the 61.8% Fibonacci retracement
Stop loss: 0.90082
Why we like it:
There is an overlap support level
Take...
This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Confluences for the sell bias
Monthly timeframe - Downtrend
Weekly timeframe - Downtrend
Daily timeframe - Uptrend
Daily and 4H bearish divergence
4H Bearish engulfing
RSI Overbought
Double top
Price below Moving average
Since we have 2/3 timeframe as downtrend we are looking for sells plus all the other confluences.
Kindly leave a boost and follow if you like...
Preferred direction: BUY
Comment: The drop in tensions in the Middle East may have a negative impact on gold , but the technical part indicates the next surge upward. The US dollar is expected to continue to weaken, which could also strengthen gold's position. We are considering two long scenarios, where the most likely scenario №1 indicates a fall first...
Hi guys, this is my overview for USDCHF, feel free to check it and write your feedback in comments👊
Recently price started to trades in flat, where it first declined to support level, which coincided with support area.
After this, CHF rose to $0.9090 level, but soon turned around and in a short time fell back to $0.9015 level.
Price some time traded near this...
Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 0.9089, which is an overlap support.
Our take profit will be at 0.9141, a multi-swing high resistance.
The stop loss will be placed at 0.9058, which is a pullback support level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and...
USD/CHF is currently at a resistance level, which is a pullback resistance, and could reverse from this level to our take profit.
Entry: 0.91497
Why we like it:
There is a pullback resistance level
Stop loss: 0.92091
Why we like it:
There is a resistance level at the 100% Fibonacci projection
Take profit: 0.90659
Why we like it:
There is a pullback support...
Attention Traders,
In today's trading session, our focus is on USDCHF, where we're eyeing a potential buying opportunity around the 0.90800 zone. USDCHF maintains an upward trajectory, presently undergoing a correction phase as it approaches the pivotal support and resistance area at 0.90800.
Adding depth to our analysis, let's incorporate the fundamental...
#USDCHF
UPDATE
Hey team hope you all are enjoying our ideas and analysis now we are here to discuss about USDCHF. USDCHF is making Ascending triangle pattern and almost ready for breakout after this Breakout we can gain upto 100Pips+. Forex market is slow because of middle east war. Keep in the we will update further soon ✍
