Analysis:
Bearish Confluences
Strong longer term downwards trend
In the retracement phase
Retesting an area of significance
61.8% fib retracement level touch
In a descending channel
Downwards trendline touch
1K short position increase for the USD
1K short position decrease for the CHF
Bullish Confluences
The USD is the 3rd strongest major currency...
USDCHF has been rising non-stp since the July 18th bottom on 0.85555 (S1). The 1D outlook is on straight bullish technicals (RSI = 61.656, MACD = 0.005, ADX = 40.729) and as the 1D MA50 has been turned into Support, we expect the rally to peak within the 1D MA200 and the inside LH trendline. That would be as close to the top of the twelve month Channel Down as...
Hello,Traders!
USD-CHF is about to retest
The horizontal resistance
Of 0.9108 from where
I think we will see a move down
Sell!
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Hello,Friends!
USD/CHF uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 0.870 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the USD/CHF pair.
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Time-delayed scenario in case of price decrease. Confirmed by CME exchange option sentiment
Based on our team's research of the options market, we expect buy activity at the stated level
We primarily consider levels to be activity zones, but not to be a super-fine level for establishing a limit order. Use them in combination with our own strategy, not in alone.
USDCHF is falling towards a pullback support and could potentially reverse from here to bounce higher towards our take profit target.
Entry: 0.89357
Why we like it:
There is a pullback support that aligns close to the 23.6% Fibonacci retracement level
Stop Loss: 0.88929
Why we like it:
There is a pullback support level that aligns with the 38.2% Fibonacci...
Hello,
Welcome to this analysis about USDCHF and the 4-hour timeframe perspectives. When looking at my chart we can watch there how USDCHF in recent times has formed this massive broadening wedge formation, in this broadening wedge formation USDCHF already completed the coherent wave count reaching from A to E, and with the completion of this wave count with...
Hello Traders,
If you have seen my analysis of the dollar index, you will know that my outlook on the dollar has shifted to bearish but I'm waiting for it to get to a level where I would be expecting a structural shift from bullish to bearish before I decide to trade against the dollar.
Check my page for more analysis.
Follow for more updates like this.
Cheers,
Jabari
OANDA:GBPJPY
✨ There will be a decline around 182,750. That is the buying price range I expect
👉 Our signal OANDA:GBPJPY
👉 BUY GBPJPY | 182.700 - 182.800 👈
SL: 182.300
Tp: 183.300
Tp: 183.800
Note: Set TP, SL to win trades!!
Hello,Traders!
USD-CHF is going up
To retest the resistance at 0.901
And the pair is locally overbought
So I think that we will see
A local bearish correction
After the pair hits the resistance
Sell!
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Check out other forecasts below too!
Hello,
Welcome to this analysis about USDCHF and the 4-hour timeframe perspectives. As I discovered USDCHF in recent times is forming some interesting developments that can be the origin of upcoming volatilities to consider. As when looking at my chart now we can watch there how USDCHF has developed this major ascending-channel-formation marked with the...
Hello,
Welcome to this analysis about USDCHF, we are looking at the hourly timeframe perspectives. USDCHF is in a structure in which it has established some important determinations and as I discovered is likely to emerge with increased volatility within the next times once this determining formation has been completed. As when looking at my chart now we can...
Hello,Friends!
USD/CHF pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 3H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is...
My dear subscribers,
My technical analysis for USDCHF is below:
The price is coiling around a solid key level - 0.8972
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 0.8892
About Used Indicators:
By the very nature of the...
We made a buy entry at 0.88540, we are still holding this position ahead of next week key events, if the data release remains favorable for the dollar we shall hit our Tp1 at 0.89958 and our Tp 2 at 0.91200.
