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USDCHF - 24h expiry The bearish engulfing candle on the 4 hour chart is negative for sentiment. A higher correction is expected. Trend line support is located at 0.8940. Price action continued to range between key support & resistance (0.8910 - 0.9000) although we expect a break of this range soon. Expect trading to remain mixed and volatile. We look to Buy...
price might fall to demand zone below if it fails to close in red shaded area
Descending channel move Pair has formed channel inside a great channel. On vertical there is strong resistance there is a chance price will drop from here.
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USDCHF is rising towards an overlap resistance. Price could hit the sell entry at 0.90128 and potentially reverse from this level to drop lower. Take profit is at 0.89455 which is an overlap support at the recent swing-low. Stop loss is at 0.90423 which is an overlap resistance that aligns above the 61.8% Fibonacci retracement level. Please be advised that the...
USDCHF is trading on and under the 1D MA50 after the rejection on the 1D MA100 which also happened to be the top of the 1D Channel Down. The 1D technicals are neutral (RSI = 50.625, MACD = 0.000, ADX = 19.636) which indicates that the price will most likely commit to the direction of the next breakout. If it closes under the HL line, sell and target the 1.5...
USDCHF is falling towards a key overlap support and could potentially reverse from here. We could see price bounce up to our take profit target. Entry: 0.89198 Why we like it: There is an overlap support Stop Loss: 0.88885 Why we like it: There is an overlap support that aligns with the 78.6% Fibonacci retracement level and the 127.2% Fibonacci projection...
we have a sell setup on usdchf as we can see on this chart H1 trendlines of Support and Resistance as we had drop base and now all set for drop the confluance for this sell setup is 200 EMA which tells us about a sell setup
Hey there, buddy!✌ ◼In the 4-hour chart, as you can see, the price is just bouncing around between 0.89 and 0.90. Right now, the situation looks like this: the price might have a little dip after hitting the resistance at 0.90, but then it could bounce back up towards the targets around 0.90200 and the selling zone at 0.90400. 💹 ◼ We gotta keep an eye on how it...
Price is ranging between a sell zone and buy zone but looking at higher time frame been bearish, there is likelihood for a buy zone break out, if the buy zone is taking out USDCHF will push more to the down side
Preferred direction: BUY Comment: A potential BUY-position can be considered for GOLD if the price closes above the level of 1912. This level has a local significance, since it was from it that buyers were forced to exit the market and the price failed by 1893. The target in case of a purchase is at the level of 1938.915. Thank you for like and share your views!
USDCHF / 1D Hello traders, welcome back to another market breakdown. USDCHF has been trading from a range to the next range, the price now seems to be breaking above the current range. I'll be waiting after the breakout to get on the retest of S/R level. Trade safely, Trader Leo
Hey Traders, in today's trading session we are monitoring USDCHF for a buying opportunity around 0.9 zone, USDCHF was trading in a downtrend and successfully managed to break it out. Currently we are waiting for a correction in order to see a potential retrace of the trend towards more highs. Trade safe, Joe.
Adam Cole, Chief Currency Strategist at RBC Capital Markets, has highlighted recent policy shifts from the Swiss National Bank (SNB), the persistent threat of imported inflation, and increasing levels of verbal intervention in Japan. "While the Swiss National Bank (SNB) may have let down some investors with a 25bp rate hike last week when many were hoping for a...
USDCHF is still in accordance with the previous analysis. currently the price is stuck in a strong support area and forming a flag pattern. by looking at the market structure that occurs, it is likely that this flag will continue in a bullish trend.
Hi every one U.S. DOLLAR / SWISS FRANC chart is speaking it self!! the USD/CHF has finished It's first five waves of Elliot wave principle movement (12345 Impulse wave) and now It must begin the ABC correction wave! there is also a falling wedge pattern which means that the price would increase and the price has already broken the pattern! the price now is...
I have previously interpreted USDCHF as bearish but the recent developments in price action indicate otherwise. Price is breaking out of the descending trendline into a bullish move. Such breakout may retest the previous high.