We are in a range box, where the green line is the strong support floor. If we have support, in the first stage, the ceiling of the range box is in the form of resistance, and if it is broken, the green scenario can be implemented.
Technical Analysis for USDCHF: - Descending triangle forming (consolidation pattern) - If price break support level at 0.8570, we could see continue bearish movement - The break of this support zone would be confirmation of entry - Indicators are suggesting potential bearish movement to come - Following the overall trend of this pair, which is bearish
USDCHF is approaching the bottom of the year long Channel Down after an aggressive rejection on the MA100 (1d). The RSI (1d) is extremly oversold, close to 20.00. Trading Plan: 1. Buy on the current market price. Targets: 1. 0.88000 (expected contact with the MA50 1d near the top of the Channel Down). Tips: 1. The RSI (1d) gets rejected above its MA level and...
These currencies are setting up nicely as per the video explanation and analysis.
As the price is sitting at the lower barrier region of the descending parallel channel that is portrayed on the graph, we are expecting for some correctional moves to kick in and drive the price towards the highlighted region of previous support now acting as resistance that nicely aligns with the 61.8% Fibonacci retracement level.
Preferred direction: SELL Comment: The focus of market participants continues to focus on the level of 138.667, which is still a support, however, sawing this level will soon indicate its inefficiency. Sellers continue to maintain the initiative, and most likely the instrument will update its local lows in the near future. Thank you for like and share your views!
Buy USDCHF for 10 RR. Reasons for trade: -False Breakout of consolidation box on H1 -Reversal on 30M
This currency pair presents an intriguing opportunity as it breaks through the long-term monthly support. However, confirmation of this breakout will depend on the closing of the candle at the end of the month. On the weekly charts, the price briefly dipped below 0.86 before closing the week above it. This level holds significance as it aligns with the weekly...
Preferred direction: BUY Comment: Almost only one currency pair fell under Friday's profit-taking, and that is the Canadian dollar. In addition, the pressure on the currency continues to have a fall in oil prices, which is likely to continue. Against this background, it is expected to break through the level 1.32399 soon, and further growth on the impulse to...
USDCHF is entering this big support zone on the weekly time chart. I will be looking to take long positions in this area. Trade safely! Let me know what you think!
USDCHF is falling towards a recent swing-low support and could potentially reverse from here. We could see price bounce up to our take profit target. Entry: 0.85658 Why we like it: There is a recent swing-low Stop Loss: 0.84876 Why we like it: There is an overlap support (when viewed on the weekly timeframe) Take Profit: 0.86770 Why we like it: There is a...
waiting for a break of lower key level for a pullback and rejection of the 38.2% to look for potential sells
USDCHF - 24h expiry Trades at the lowest level in 101 months. There is no indication that the selloff is coming to an end. We look for a temporary move higher. Preferred trade is to sell into rallies. Broken out of the triangle formation to the downside. We look to Sell at 0.8686 (stop at 0.8716) Our profit targets will be 0.8616 and 0.8606 Resistance:...
Hello Traders In This Chart USDCHF DAILY Forex Forecast By FOREX PLANET today nzdcad analysis 👆 🟢This Chart includes_ (UDCHF market update) 🟢What is The Next Opportunity on USDCHF Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To...
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...
Hi folks today I'm prepared for you Swiss Franc analytics. A few days ago price bounced from resistance 2 and rose to the trend line and even broke it. But then the Swiss Franc started to decline and firstly it fell to the resistance zone, which coincide with resistance 2 and after some trading there, it broke this level and continue to fall near the trend line to...
USDCHF: Here I expect a buy for this pair. it has already shown the CHOCH in the weakly timeframe showing end of downtrend and it has shown a break of structure to the upside in the daily timeframe. If in daily, price closes below the point "A" then this analysis is failed. But I expect some market manipulation and see the price below point "A" and without closing...