Observing USDCHF, we can identify a minor downtrend along with a liquidity zone that the bank has yet to absorb, which was left behind in the past. Can we anticipate a continuation of the price movement within this trend? The take profit level has been set at 0.89804.
The USDCHF has been trading within a bullish channel in the short term. Further upside could be anticipated if the DXY continues to strengthen, this looks limited with the upper bound of the channel close by. As the price trades within the channel, look for the possibility of consolidation along the middle level or retest of the lower bound of the channel...
Price could react to our buy entry at 0.9022, which is a pullback support level. Price failed to create a lower low, and is now creating higher lows. Hence, we can look to enter buy positions to ride the short term bullish trend. Our stop loss is at 0.8971, which is below the swing low support level. Take profit is at 0.9068, which is a swing high resistance...
The current correction is a response to the trend of the first wave, which returned in the golden zone, and now the first microwave is completed and it is completing the second microwave, which if it completes the correction in the first box or up to 50% Fibo, it can complete the third wave. Continue to the specified areas.
Hey Traders! I believe USDCHF has a good chance to fall further it's currently sitting above the daily 200 moving average, crossed the 20 on the 4h, if we see the squeeze pattern break to the downside it will continue its strong bearish trend. We also have a previous rising wedge and H&S pattern not yet touched, which could have some weight on top of the overall...
Based on the daily chart analysis, we can see that the price is falling to our buy entry at 0.8946, which is an overlap support. Our take profit will be at 0.9011, an overlap resistance level. The stop loss will be placed at 0.8906, which is aswing low support level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and...
Based on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 0.9021, which is an overlap resistance that aligns with the 38.2% Fibo retracement. Our take profit will be at 0.8960 a swing-low support level. The stop loss will be placed at 0.9077, which is an overlap resistance level. High Risk Investment Warning Trading...
USDCHF is rising towards an overlap resistance and could potentially reverse to drop lower towards our take profit target. Entry: 0.90230 Why we like it: There is an overlap resistance level Stop Loss: 0.90709 Why we like it: There is an overlap resistance that aligns with the 78.6% Fibonacci retracement level Take Profit: 0.89534 Why we like it: There is a...
I have just taken a sell position on USD/CHF expecting some strong selling pressure over the next coming weeks. From a technical perspective we can see price has come into 0.90000 level which is a key area of daily / weekly resistance where in the past the market has reacted to favourably. I am expecting again a strong reaction from this area. I will not be...
USD/CHF declined and now struggling below the 0.9010 resistance. Important Takeaways for USD/CHF Analysis Today · USD/CHF declined below the 0.9030 and 0.9010 support levels. · There is a connecting bearish trend line forming with resistance near 0.9010 on the hourly chart at FXOpen. USD/CHF Technical Analysis On the hourly chart of USD/CHF at FXOpen, the...
Preferred direction: BUY Comment: The long-term idea of going short on this currency pair remains, however, as we predicted earlier, it will not do without additional false breakouts and price growth towards the level of 155. Now another long setup has been formed, the growth prospects of which locate at the level of 151.500. After which there is a possibility...
Well, as you can see, the price dropped after sweeping the liquidity and creating a valid order block. On the other hand, the price broke the previous low and shifted the market structure so now we searching for sell. There is a breaker block that the price entered into, if the price can break this breaker block we can expect to move higher to the bearish order...
💬 GOLD: Review before non-farm. It’s the first Friday of the new month on the calendar, which means the publication of data on the US labor market. In this regard, there are assumptions regarding several trading instruments and how they could potentially behave during the non-framing release. Firstly, let’s slightly refresh the idea of Gold, which retains its...
OANDA:USDCHF is likely retest the demand zone before resuming its upward move
#USDCHF UPDATE Hey traders,Welcome to Anna trade charts. Hope you are enjoying your trading journey and our trading analysis too. Today, Anna is monitoring the USDCHF. USDCHF will go high after retesting the mentioned zones, Reason behind this is that, USDCHF was in downtrend from so long, and ahs done CHOCH pattern, also we had an triangular pattern, So looking...
Price could fall to our buy entry at 0.8941, which is a pullback support level, aligning with the 78.6% fibo retracement. Our stop loss is at 0.8882, which is below the swing low support level. Take profit is at 0.9001, which is an overlap resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be...
Price is testing our buy entry now at 0.9032, which is a pullback support level, aligning with the 38.2% fibo retracement. Our stop loss is at 0.8995, which is below the other pullback support level, and slightly below the 50% fibo retracement. Take profit is at 0.9080, which is a pullback resistance level. High Risk Investment Warning Trading Forex/CFDs on...
As it is clear from the chart, USDCHF hits a higher high near 0.91 and at Friday we can clearly see a Market Structure Shift from bullish to bearish … the target for the down trend move is 0.888 and there is a 4H FVH above current market price which can make be a good sell setup entry.