🏃♂️ USDCHF is moving in an Ascending Channel and is currently near the 🔴 Resistance zone(0.891 CHF-0.882 CHF )🔴 and 🟡 Potential Reversal Zone(PRZ) 🟡. It also managed to break the Uptrend line . 🔔I expect USDCHF to start to decline after entering the 🟡 Potential Reversal Zone(PRZ) 🟡 and at least break down to the 🟢 Support zone(0.874 CHF-0.871 CHF...
USDCHF is currently in a bullish trend. Price is forming a bullish flag pattern, indicating a potential continuation of the uptrend. The pair is finding support at the 50% Fibonacci retracement level, adding confluence to the bullish bias. What you guys think of this idea ?
Hey Traders, in today's trading session we are monitoring USDCHF for a buying opportunity around the 0.88000 zone. USDCHF is currently in an uptrend and approaching the critical 0.88000 support and resistance area. Now, let's dive into the fundamental analysis shaping this trade. On one hand, recent CPI data in the US has shown signs of strength, suggesting...
Based on the H4 chart analysis, we can see that the price has just bounced off our buy entry at 0.8806, which is an overlap support. Our take profit will be at 0.8892, which is a swing-high resistance level. The stop loss will be placed at 0.8725, which is an overlap support level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high...
Here is our detailed technical review for USDCHF. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 0.880. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.886 level. P.S Please, note that...
USDCHF / 1D Hello Traders, welcome back to another market breakdown. USDCHF is trading in a down trend. However, the price bounced back from a Macro level which sent the price all the way up. Probability suggets we get at least few more side ways for now down then another leg higher. Checkout the chart for what I'll be waiting for after price action...
I anticipate a bearish week ahead, as I believe the price may need to mitigate a beautiful Fair Value Gap (FVG) on the 4-hour chart. Additionally, it could pull back to the Optimal Trade Entry (OTE) Area, where it might begin to gather confluences for potential buy opportunities.
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...
Hello,Traders! USD-CHF is already making A rebound from the Horizontal support of 0.8802 While trading in an uptrend So we are bullish biased And we will be expecting A further move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Aiming to mitigate the price of a 4H order block. Price has shown a bearish tendency with the last impulse/
Hello,Friends! USD/CHF pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 1D timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 0.865 because the pair overbought due to its proximity to the upper BB band and a bearish correction is...
Here is our detailed technical review for USDCHF. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 0.863. The above observations make me that the market will inevitably achieve 0.856 level. P.S The term oversold refers to a condition where an asset...
Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 0.8821, which is a pullback resistance. Our take profit will be at 0.8733, an overlap support level. The stop loss will be placed at 0.8897, above 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 has just reacted off our sell entry at 0.8858, which is an overlap resistance. Our take profit will be at 0.8820, a pullback support level. The stop loss will be placed at 0.8889, above a swing high resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk...
CADCHF price actions shows 1H Bearish divergence with price rejection at daily trend resistance. Bearish Bias based on: (1) Daily Trend Resistance (2) Bearish 1H Divegence (3) Dow Break of LL **Trade Plan ** SL: Previous LH TP: 1:1 risk to reward Entry: CMP