USDCHF faced resistance at the 78.6% Fibonacci level, signaling a potential establishment of a new lower high on the daily timeframe. Consider initiating a short sell position if the price falls below 0.86470, setting a stop loss at 0.8732. Target profit levels are set at 0.85580 (TP1) and 0.83975 (TP2).
What needs to be done, however, is to get above it 100-day moving average at 0.8673, and also the 38.3% retracement of the move down from the October 2023 hi. That little comes in at 0.8681.
Get above both those levels and the bias increases more to the upside it in favor of the buyers.
Find out all these details in the video above.
Price is rising toward the pivot point of 0.86722, a pullback resistance that aligns with the 61.8% Fibo retracement. A reverse from this point could lead the price to fall to 1st support at 0.85908.
If price breaks above the pivot, it could rise to 1st resistance at 0.87295, a swing-high resistance level
#USDCHF
UPDATE
Hey Traders, Hope you are enjoying our trading analysis. We are here to update you about our another analysis about #USDCHF.
USDCHF got declined from the most recent resistance level.
Clearly it can be seen that it sweep the liquidity according to the HTF, which will be our SL for short trade.
if this candle close below to this level, we will...
USDCHF formed a bearish RSI divergence on 4H time frame, and followed it up by the formation of a lower high, it is currently defining first lower high. The break down from lower low would confirm further drop in price. Targets are mentioned on the chart.
Preferred direction: BUY
Comment: The Swiss currency is an outsider among the majors against the US dollar. This currency sank the most against the American currency. In addition, while some competitors of the US dollar were trying or were in the process of correction, this currency pair stood in a very narrow corridor.
The bullish sentiment for this...
Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 0.8655, which is a pullback resistance that aligns with a 38.2% Fibo retracement.
Our take profit will be at 0.8575, a pullback support level.
The stop loss will be placed at 0.8736, above a swing high resistance level
High Risk Investment Warning
Trading Forex/CFDs...
Looking for a break and a close with a 1h / 4h above or below blue zones to look for entries. but am leaning more towards because of how the previous two 4h candles closed
Keeping it simple stupid, USD/CHF overall trend is bearish looking at it from the Daily Time Frame. Price has hit the levels of 0.872 S&R, with confluence of the Fib and Divergence on the RSI..
Hey Traders,
Strong Fundamental aspects must be considered especially when dealing in FX Markets.
This relates to CB outlooks globally.
Watch for more.
My dear followers,
I analysed this chart on USDCHF and concluded the following:
The market is trading on 0.8643 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.8559
Safe Stop Loss - 0.8685
About Used Indicators:
A super-trend indicator is plotted on either above or...
