USD/CHF could fall towards a pullback support and potentially bounce off this level to rise towards our take-profit target. Entry: 0.88345 Why we like it: There is a pullback support level Stop Loss: 0.88121 Why we like it: There is a pullback support that sits under the 50.0% Fibonacci retracement level Take Profit: 0.88802 Why we like it: There is a...
Price is in a large ascending channel suggesting there might be bullish momentum pushing prices up. Our pivot is at 0.8822 which is a pullback support level - if price were to bounce from this level, we could see it rise towards the 1st resistance at 0.8877 which is a recent major swing high resistance. If price were to break the pivot, we could see it drop...
Hi guys, this is my overview for USDCHF, feel free to check it and write your feedback in comments👊 A not long time ago price made upward impulse from support area to $0.8885 points, breaking $0.8770 and $0.8835 levels. After this, price started to trades in pennant, where it soon bounced from resistance line and declined below $0.8835 level. Next, CHF some...
Based on the H4 chart analysis, we can see that the price is falling to our sell entry at 0.8781, which is a multi-swing low support. Our take profit will be at 0.8752, a support level The stop loss will be placed at 0.8801, which is a pullback resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may...
For 3 months DXY was in a decline from October 2023 to December 2023. Price went on to create the perfect leading diagonal, consisting of 5 waves. On the 28th of December, we were anticipating price to complete the diagonal and bounce off our diagonal support and reverse. Price went on to do exactly that! So, how do we use DXY to find setups? DXY can be...
DXY Head and Shoulder Pattern 4H Possible formation of a head and shoulders pattern on the 4H timeframe. Pattern is a reversal pattern, could possibly break the 4H trendline to continue the daily timeframe downtrend. Would be looking for shorts from the 50% to 61.8% Fib levels. Further confluence is the RSI showing now entering overbought levels on the 4H...
USD/CHF could fall towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 0.87712 which is a pullback support that aligns close to the 38.2% Fibonacci retracement level. Stop loss is at 0.87090 which is a level that lies underneath an overlap support and the 50.0% Fibonacci retracement level. Take profit is at...
The recent price action on the USDCHF pair was keeping me on the fence, however, my bias is slowly but surely changing into the bullish one and I think we will see the price go up. ❤️ Please, support our work with like & comment! ❤️
USDCHF - 24h expiry Levels close to the 50% pullback level of 0.8789 found buyers. Prices have reacted from 0.8742. The bullish engulfing candle on the 4 hour chart the positive for sentiment. We look to buy dips. Our outlook is bullish. We look to Buy at 0.8790 (stop at 0.8762) Our profit targets will be 0.8860 and 0.8875 Resistance: 0.8821 / 0.8838 /...
Potential price breakout of a reversal channel towards a key support area. Counter movement: If price breaks current resistance area upwards, retrace and form new support area; then price will potentially move towards a key area (previous lower high on the daily timeframe). Place pending orders above and below resistance area and let the price play out.
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 USDCHF has been overall bullish, trading within the rising channel in blue. Currently, USDCHF is in a correction phase and it is approaching the lower bound of the channel acting as a non-horizontal support. Moreover, it is retesting a strong support zone at 0.87 marked in...
The USD/CHF pair is edging closer to the critical 0.8900 level, driven by speculation of the first rate cut by the Federal Reserve scheduled for July. This movement comes amidst contrasting economic indicators from both the US and Switzerland. In the US, the core Consumer Price Index (CPI), which excludes volatile food and oil prices, surprised investors by...
USD/CHF is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target. Entry: 0.87842 Why we like it: There is a pullback support that aligns with the 50.0% Fibonacci retracement level Stop Loss: 0.87423 Why we like it: There is a swing-low support level Take Profit: 0.88361 Why we like it: There is a...
Based on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 0.8819, which is an overlap resistance. Our take profit will be at 0.8769, an overlap support level The stop loss will be placed at 0.8859, which is an overlap resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk...
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...
Today I will be analyzing indices and USD pairs. I expect some USD strength next week. Disclaimer: This is just my analysis which of course can be wrong. So do your own analysis before investing or trading
Hello traders, we want to check the USDCHF chart. The general trend of the market is up, but the price is making a correction after hitting the specified resistance level. We expect the price to fall to the specified support level. Good luck.