Hello traders, I want share with you my opinion about Swiss Franc. Looking at the chart, we can see how the price reached the resistance line of the downward channel, after which CHF rebounded down and declined to the support line of the channel, breaking the 0.8635 level, which coincided with the buyer zone. Then the price turned around and entered the pennant,...
it is going to complete a flag pattern after a clear upside move. so as the previous upside move, we can think that the next move could be upside after the valid breakout of this flag. I am not telling you guys to execute the market right now....wait for a valid breakout wait for better confirmation...then define your risk and then take the position. note:- let's...
Symbol : USDCHF Date : 07 Mar 2024 Main Trend : Up preferred Transaction : Buy ( 0.88210 ) Reasons : mentioned on chart Technical Analysis success at level : 0.91000 Technical Analysis fail at level : 0.87000
Hello traders I have conducted an analysis on USDCHF, as you can see the market has been on a down trend for the past few months and I think it will continue doing so as it showed huge rejection candle on the current zone so now this current zone will act as resistance as price showed before that this zone is valuable as it was acting as support in the past...
FX:USDCHF is forming a correction after breaking the support of the uptrend. The dollar is in an unstable situation and in a phase of decline, which may favor the CHF, in which case the currency pair may decline. Globally - bearish trend. The resistance retest is formed and the price is not ready to renew the maximum yet and breaks the structure of the...
USDCHF has reacted off the overlap resistance and could potentially fall to support. Alternatively, if price breaks above the pivot, it could continue to rise to the next resistance level Pivot: 0.8782 Support: 0.8728 Resistance: 0.8822 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you...
Based on the H4 chart analysis, we can see that the price is falling toward our sell entry at 0.8675, which is an overlap support (breakout) Our take profit will be at 0.8674, a pullback support level. The stop loss will be placed at 0.8857, a swing high resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk...
Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 0.8817, which is a pullback resistance that closes to 50% Fibo retracement. Our take profit will be at 0.8751, a multi-swing low support level. The stop loss will be placed at 0.8879, a multi-swing-high resistance level. High Risk Investment Warning Trading...
Please, check our technical outlook for USDCHF. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 0.878. Taking into consideration the structure & trend analysis, I believe that the market will reach 0.865 level soon. P.S We determine oversold/overbought...
The level for our sell stop order is at 0.8730. There was a strong uptrend on the USD/CHF H4 chart; however, the bullish trendline has now been broken, indicating a potential sell signal. The risk-reward ratio for this trade is 1:3.
USDCHF - Classic bullish formation - Our team expects pullback SUGGESTED TRADE: Swing Trade Long USDCHF Entry - 0.8786 Sl - 0.8768 Tp - 0.8826 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️
The USD/CHF pair is facing resistance around the 0.8830 mark, struggling to regain momentum after a retreat from nearly reaching 0.8900, primarily attributed to encountering a double top formation at 0.88850. This downward movement in the pair is underpinned by the weakened US Dollar (USD) and declining US Treasury bond yields. Market participants are eagerly...
Hello everyone, New week ahead. Looking forward to it! Last week we had red folder news. BTC is pumping, gold is following. I did my TA last night for my point of interset. If you look back at the charts, you can see why I am not putting limits. If I see a big candle pushing in my zone of interest, I am more than happy to watch how it goes and step in after liq...
Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 0.8813, which is a pullback resistance that closes to 61.8% Fibo retracement Our take profit will be at 0.8691, a support level. The stop loss will be placed at 0.8895, a swing-high resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries...
USDCHF Crosses the Trendline and creates a new bottom at the 38% Fibonacci line So now the uptrend has been broken. We can consider entering an order #1 Sell: 0.87816 fibo zone 23.6% Stop loss: 0.88676 Take profit: 0.85769 at fibo 61.8% #2 Sell: 0.88186 Stop loss: 0.88186 Take profit: 0.85781 at fibo 61.8% #3 Sell: 0.88349 SL: 0.88688 TP: 0.85775 #4 Close 1/2...
Waiting for a break and retest of 0.87401 to short USDCHF back to 4H swing low at 0.83517 If you agree drop a like and if you have any questions leave a comment :)
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...