USD/CHF is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 0.87779 which is an overlap support that aligns close to the 100.0% Fibonacci projection level.
Stop loss is at 0.86750 which is a level that sits under an overlap support that aligns with the 78.6% Fibonacci retracement level.
Seeing this pair reject from either the current local resistance boundary or if not the longer term descending trendline.
I'm expecting NZD weakness in the coming week so monitoring LTF's carefully.
I believe we'll be dropping down from either 0.538 or 0.543, a break above this latter number could signify reversal.
This pair has witnessed a large amount of back-and-forth swings in the last couple of days. We witnessed price fluctuations that resulted in a direction switch over and over again. Right now, we are going to ignore all other timeframes and look at this market analysis from a 4-hour perspective.
On the 4-hour chart, we can see that the market is on a down PB from...
We can see we've just broken out of my channel top after a strong bullish move, but this isn't the first time and we're hitting strong resistance.
Swissie has been weak of late, unlike the Aussie, so I believe this can go either way. I'll be looking at longs around 0.589 if resistance is broken, but we may well fall back first. If we fall back below 0.578 then...
Borrowing from our previous analysis, we saw how the market went all the way bullish to hit our liquidity target. After doing that, it gave us more bullish setups and trading opportunities, all of which played out.
Today, we are on the 1-hour chart again, and we are looking to predict market direction. The market is currently in an uptrend, with 6 PBs to the...
With the previous Bullish swing completed, it is time to look on to the next.
The market has given us a new PB, an area to trade from. From the PB, we have made an attempt to refine it to get our zone within 1 hour.
With our zone clearly marked out as seen on the chart, we anticipate price dipping into the zone, and from there we will be looking to trade.
We've broken out of a long-standing sideways channel to the lower side, now bouncing off support to retest the broken channel.
I'm expecting a big dump in this paid once the retest is complete, UK economy vs Swiss economy, interest yields etc, no comparison.
The Swiss has been a stand-out performer against most crosses this year, GBP has been clinging on but I...
The pair is Bullish on the 1 hour. With the breach of our zone and PB of the 1 hour timeframe from yesyerday, as is clear that the 1 hour chart has reversed from a bearish perspective to a completely Bullish one.
The only trouble here is the on the larget timeframe of the 4 hour and above, the market is still bearish as the Bearish PBs are still in place.
Yesterday, we made our analysis and found a possibility of the market dipping.
The market played out our prediction and hit the 1 and 4-hour liquidity target at 0.89016.
With that swing completed, we are setting up for the next trading opportunity.
We see prices begin to retrace Bullish after hitting our liquidity target.
We have prices back inside our Panzy Pips...
We can see that USDCHF has followed a descending dynamic trendline and has now formed a triangle pattern.
Most other Swiss crosses are near or at ATL's or ATH's except this one.
We can see multiple rejections on the 4HR from my support line and we're nearing the squeeze point of the triangle, so if we break the descending line I'll be looking for a long...
This pair has been following a descending channel for months and even with positive data last week for the aussie and weaker performance for the swiss, the general direction was maintained.
We've broken back below the mid point of my channel and we seem destined to ultimately be heading for the ATL where I expect a strong bounce.
I generally look at correlation...
USDCHF also looks overbought:
the price formed a rising wedge pattern and a descending triangle within.
Both the support on the wedge and the neckline of the triangle were broken.
I expect a further decline to 0.9163
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Expecting the recent retracement to continue at least to 0.586 support, just crossing the mid point of my descending channel.
Overall I'm still bearish on this pair (just), I am expecting the reversal at some point soon, either from here, or around the ATL marked on the chart.
I see AUD gaining in strength as China wakes up. There's a big interest rate decision...
CHF / Swiss Franc is flying, but I think short term interest in the USD will see continued retracement at the start of this week, before a big fall towards the end.
Watching closely for a LTF confirmation and then I'm in with a great RR.
SLO @ 0.9625
TP4 @ 0.9610 (shaving)
TP3 @ 0.9590 (shaving)
TP2 @ 0.9580 (shaving)
TP1 @ 0.9566 (shaving)
BSO @ 0.9555 ⏳
-SL @ 0.9530
If the Pivot Low hold up, we can then use this range as our Curve Analysis and hope for some uptrend momentum above 0.9555
To help me better understand this pair, I use the correlation between EURCHF and EURUSD, which is positive...
Being that Price Action (PA) continues to go long, please manage your trades as we take the risk of shorting it from here.
SSO1 @ 158.50 ⏳
SSO2 @ 152.60 ⏳
TP1 @ 141.33 (shaving 25%)
TP2 @ 131.85 (shaving 25%)
TP3 @ 124.90 (shaving 25%)
TP4 @ 114.15 (closing ALL Sell Orders)
BLO1 @ 111.55 ⏳
BLO2 @ 105.25 ⏳
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As you may already know, the Swiss Franc (CHF) has recently reached its highest level against the US Dollar (USD) since 2015. This surge in CHF's value can be attributed to a combination of factors, including growing concerns over the US economy potentially slipping into a deflationary phase.
While it is essential to approach such market movements cautiously,...