wave 1 looks complete. now it tends to enter wave 2, correction wave. when the price goes higher than the invalid area, then this analysis will fail and the price will return to bullish. then what happens is a simple correction. it is possible that the price drops until the SnD below.
USDCHF - 24h expiry Broken out of the channel formation to the downside. A break of the recent low at 0.9035 should result in a further move lower. The bearish engulfing candle on the 4-hour chart is negative for sentiment. We look for losses to be extended today. The primary trend remains bearish. We look to Sell a break of 0.9028 (stop at 0.9057) Our...
Please, check our technical outlook for USDCHF. Time Frame: 8h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 0.908. The above observations make me that the market will inevitably achieve 0.917 level. P.S Overbought describes a period of time where there has been...
Looking to buy USDCHF as market seems to have bottomed for the time being. We've seen strong bullish momentum from the current support zone, showing buyers are now taking over. Buying Confluences: 🚫5 Wave Impulse Move Complete. 🚫DXY Strength (Positive Correlation)Corrective Move Yet to Follow. 🚫3 Wave Corrective Move Yet to Follow.
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Based on the H4 chart analysis, we can see that price is approaching our sell entry at 0.9915 which is an overlap resistance. Stop loss will be at 0.9198 which is a pullback resistance level. Our take profit will be at 0.9041 which is a multi-swing low support level Any opinions, news, research, analyses, prices, other information, or links to third-party sites...
OANDA:USDCHF The 4H trend line has been broken, which is not an ideal confirmation. But on the other hand, a descending triangle has also formed, and if it is broken, I will expect the price to fall to the specified areas.
USDCHF forms an ascending triangle. After the retest of the uptrend channel support, the price acquires local resistance, which forms a "Triangle" pattern TA on a high timeframe: 1) False breakout of resistance 0.91200 is formed, if bears increase their pressure, in this case the price will break the local support 0.90370 and will start its fall 2) The global...
Hello,Friends! The BB upper band is nearby so USD/CHF is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 0.896. ✅LIKE AND COMMENT MY IDEAS✅
USDCHF could fall towards an overlap support that aligns with the 38.2% Fibonacci retracement level. Price could hit the buy entry at 0.90291 and potentially reverse to bounce higher. Take profit is at 0.91391 which is an overlap resistance. Stop loss is at 0.89868 which is an overlap support that aligns with the 50.0% Fibonacci retracement level. Any opinions,...
Today we look at USDCHF on the D1 timeframe. There's a fair bit of resistance at the 0.9100 level where there's an overlap resistance, 23.6% Fibonacci retracement and a 50% Fibonacci retracement. The bearish momentum from the Ichimoku cloud could also nudge prices lower. A reversal from here could see prices drop to the major support level of 0.8871. Any...
Price is expected to bounce of the 0.9082 level as a strong bearish momentum is highly expected as the dollar weakens. Sell Entry : 0.9080 Tp: 0.9026 DISCLAIMER!!! Not a financial advice
USDCHF could approach a key support level and could potentially reverse from here. We could see price bounce up to our take profit target. Entry: 0.90352 Why we like it: There is an overlap support just above the 38.2% Fibonacci retracement level Stop Loss: 0.89829 Why we like it: There is an overlap support that aligns with the 50.0% Fibonacci retracement...
This is my setup for USD CHF. Trade carefully! Remember: Take some profits if the trade is going as planned and manage your trade.
My dear friends , USD/CHF looks like it will make a good move, and here are the details: The instrument tests an important psychological level 0.90787 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Goal - 0.91200 Recommended Stop Loss -...
Take a look at our analysis for USDCHF. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 0.909. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 0.913 level. P.S Overbought describes a period of time where...
Hey Traders, in today's trading session we are monitoring USDCHF for a buying opportunity around 0.90100 zone, USDCHF is trading in an uptrend and currently seems to be in a correction phase in which it is approaching the major trend at 0.90100 support and resistance zone. Trade safe, Joe.
USDCHF - 24h expiry Broken out of the channel formation to the downside. A break of the recent low at 0.9035 should result in a further move lower. The bearish engulfing candle on the 4 hour chart is negative for sentiment. We look for losses to be extended today. The primary trend remains bearish. We look to Sell a break of 0.9033 (stop at 0.9058) Our...