USD/CHF Technical Analysis
The counter has been coiling within a 300 pip range.
Now, it is at the lower end of the range and taking the support.
We expect the pair to head higher to the upper end of the range.
Usdchfidea
USDCHF - Expanded Flat pattern in wave 4There are many scenarios for this currency in the daily and weekly charts, but the current pattern in the 240-minute chart is Expanded Flat, which can be extended in the up the range of 0.9275 to 0.9387.
It should be noted, this is a corrective movement of wave 4, after the completion of correction, the downtrend will begin in the last wave
If the price exceeds the range of 08978, this scenario will be violated. In case the price crosses the range of 0.9139, the ascending trend will be confirmed.
USDCHF Awaiting a push up to the upsideI ma expecting a breakout of the corrective pattern as shown on the chart, Confirmation level, and invalidation level is as shown on the chart analysis
potential buy setup HELLO TEAM, USDCHF has created a bullish continuation pattern the next 3/4 candles shall be very important to look out for
POTENTIAL LONG/ SHORT OPPORTUNITY ON USDCHFPotential Long then short opportunity on USDCHF.
Will watch price action on LTF and wait for my entry trigger.
USD/CHF Technical Analysis.Currently, USD/CHF is trading at 0.9146. The pair is trading in a downward resistance and support channel and just touched its resistance level. If the price goes below 0.9132, then it can start a new down trend and its target price will be the strong support level at 0.8988.
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Rishikesh Lilawat
USDCHF / LONGPrice is in weekly support area, wait for price to break structure and retest before long.. this could go a lot higher
usdchf !!!Hi traders and investors , if the price breaks the resistance with a great volume , the market will rise .
USDCHF Top-Down Analysis (Long then Short)Hello Traders,
Here is the Top-Down Analysis of USDCHF (Monthly, Weekly, Daily for direction and 4H for entry) for
Week 46 - Nov 09
M > Price has dropped to test monthly support again, for the third time in past 4 months.
W > Placing Fib on last bullish impulse we can see that price has already dropped till -0.272 Fib level. We can expect correction to the upside. We can also see bullish divergence.
D> Price is respecting downward resistance trend-line. We can see an M formation and expect price to move up till its neck for correction. Price can then drop to test weekly demand zone and move to the upside till daily supply zone.
As per COT CHF saw closure of both Long and Short, reducing net positions. SXY weakened during the said period however gained strength last week due to weak USD. We can see bearish divergence and expect some short term correction for CHF.
4H > Price ended the week with rejection to the upside however we have to use lower time frame for a reversal confirmation. We can see bullish divergence in 1H timeframe.
Pair Correlation > USDCHF negative correlation with EURUSD.
This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section share your view or ask questions.
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AP17FX
USD/CHF Wave Analysis
The counter has been in a downtrend since the start of this year.
The price was consolidating in a narrow for the last few months which could be interpreted as wave 4 of Elliott wave.
Now it is on the brink of rendering a bearish breakout.
We expect it to breakdown and complete wave 5.
Two Sell Position : USDCHF 4HPrice entry: 0.91430
Take Profit: 0.90770
Stop Loss: 0.91730
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Price entry: 0.91430
Take Profit: 0.90380
Stop Loss: 0.91985
USDCHF short trade ideaPlan: trendline and support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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