Hello traders! ‼️ This is my perspective on USDCHF. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for a long. I wait price to make a retracement to fill the imbalance lower and then to react from support zone. Fundamental news: Next week is full of news with impact on USD and CHF. On Tuesday we will...
Hey Traders, in today's trading session we are monitoring USDCHF for a buying opportunity around 0.86700 zone, USDCHF was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.86700 support and resistance area. Trade safe, Joe.
My dear friends, Please, find my technical outlook for USDCHF below: The instrument tests an important psychological level 0.8757 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 0.8695 Recommended Stop Loss - 0.8789 About Used...
Preferred direction: BUY Comment: The situation for gold is less clear, unlike the main currency pairs, but everything still looks more towards the bulls. Today we highlight two long scenarios. Scenario №1 is a shorter-term option, which assumes a preliminary false downward movement, after which it returns again above the level of 2030.874 . Here the stop...
Preferred direction: BUY Comment: Just like for the euro , we maintain the buy-priority for the British pound . Here the transaction has already been moved to breakeven, and scenario №2 is no longer relevant. At the moment, after fixing part of the profit and transferring it to breakeven, one can consider the target at the level of 1.28000 , since there...
Preferred direction: BUY Comment: How it happens lately, the Japanese yen stands out among all its main competitors (majors), and here we continue to expect the price to approach the level of 150 . There are no specific entry points now, so we identify this transaction as a medium-term one. Due to the economic situation in Japan , it is very likely that...
Preferred direction: SELL Comment: In the middle of the current trading week for the USDCHF currency pair, we will also consider selling. We highlight scenario №1 as a short-term entry option and scenario №2 as a medium-term scenario. It would be best to consider two scenarios at the same time and place a stop loss no lower than the resistance level of ...
✅USD_CHF is going up now And the pair broke the key Level of 0.8707 and went Further up so I will be Expecting a further move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
USD/CHF is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target. Entry: 0.87101 Why we like it: There is a pullback support that aligns with the 23.6% Fibonacci retracement level Stop Loss: 0.86706 Why we like it: There is a pullback support that lies underneath the 38.2% Fibonacci retracement...
Based on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 0.8752, which is an overlap resistance. Our take profit will be at 0.8680, an overlap support level. The stop loss will be placed at 0.8821, which is a swing high resistance level." Do take note, the Relative Strength Index (RSI) is also displaying bearish...
With the end of the downtrend, we see an increase in prices. The process is well suited to the theory of Elliott waves.
Hello,Traders! USD-CHF broke the key Horizontal level of 0.8700 Which is now a support Then retested it and is Now going further up So I will be expecting A bullish continuation Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hello,Friends! USD/CHF pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 6H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 0.863 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
Market Analysis: USD/CHF Regains Strength USD/CHF is rising and might aim a move toward the 0.8800 resistance. Important Takeaways for USD/CHF Analysis Today USD/CHF is showing positive signs above the 0.8680 resistance zone. There was a break below a key bullish trend line with support at 0.8700 on the hourly chart at FXOpen. USD/CHF Technical...
Preferred direction: BUY Comment: According to our previous analysis on USDCHF , we are in buy-priority (scenario №2) . There are no changes to make us change our minds. We expect that today, before the weekend, the instrument will pass most of the intended path to the goal, and the best option would be to close the deal before the start of the weekend. We...
Here are the updates & outlook for multiple instruments in my watch list. 1️⃣ #GBPUSD daily time frame 🇬🇧🇺🇸 The price is currently approaching an expanding supply area that is based on a broken horizontal support and a broken rising trend line. Probabilities will be high that we will see a bearish reaction to the underlined blue area. 2️⃣ #USDCAD daily...
Pure technical analysis We think the picture speaks for itself. Wait for USDCHF create Change of Character in the short red line, wait for the price to pullback to the red line area and set sell position to 0.5 - 0.618 fib zone. In this area, put buy limit order and set take profit at the previous high (fresh minor resistance). Cancel setup in change of...
usdchf has been in a correction for weeks in a overall down trending market. since i understand the phases pf the market i know that after a correction comes an impluse so now ill be waiting on the impulse to the downside. *USDCHF short