Swiss Franc / U.S. Dollar
Our latest analysis on the USDCHF suggests that the market may be ripe for a short opportunity. Observing the Elliott Wave pattern, it appears that the currency pair has completed an upward Wave (5) and is now potentially embarking on a corrective ABC pattern. Currently, the price action has initiated what seems to be Wave (a) of this corrective phase. I'm...
after reaching to 0.922 and take the buy side liquidity, we saw a quick displacement and bearish FVG at 0.914. it can go below the equal lows at 0.9 and take the sell side liquidity below it
Preferred direction: BUY Comment: According to the British pound , buyers continue to fight for the support area at the 1.25000 level, which is the key area at the moment. For the coming week, the buy-priority will remain relevant, but you need to be careful, especially in the middle of the week, when US inflation data will be published. The likely best...
Hello traders, we want to check the USDCHF chart. The price has broken the ascending channel and pulled back to the specified resistance level. We expect this level to maintain the downward trend of the price and the price will fall to around 0.89800. Good luck.
I bought USDCHF 0.9065 Stoploss 0.9045 20 pip Take profit 1.9195 130 pip Ratio 1:6.5 Trade at your own risk and money management ..
Hi guys, this is my overview for USDCHF, feel free to check it and write your feedback in comments👊 Recently price entered to falling channel, where it first reached resistance level, which coincided with resistance area. Then CHF bounced down from this level and fell to almost support line of channel, after which made upward impulse. Swiss Franc exited from...
Here is our detailed technical review for USDCHF. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 0.907. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.900 level. P.S We...
I'm examining a potential short opportunity for USD/CHF using Elliott Wave principles. Our analysis suggests that the currency pair is nearing the completion of an impulse phase, which often sets the stage for a significant corrective downturn. The market seems to have completed the impulse wave sequence with wave (5) reaching its peak. This indicates that a...
The USDCHF pair has been trading within a Channel Up pattern since the December 28 2023 Low. In the past 2 weeks, it has been forming its 2nd Bearish Leg that almost touched the 1D MA50 (blue trend-line), which has been supporting since February 02. As long as we close 1D candles above it, we stay bullish, targeting 0.94200 (marginally below Resistance 2). Since...
Preferred direction: BUY Comment: The next buy transaction is being considered for the EURAUD currency pair. We previously considered both long and short positions for this instrument. Today it is not too late to join long positions, and most likely, starting from the current price, the price will go to the level of 1.64767 (scenario №1) , where our goal...
Preferred direction: SELL Comment: For the USDCAD currency pair, we continue to adhere to the priority of sales. In our final trading idea for this instrument, we identified two scenarios where one of the selling options was the level of 1.37600 . The price is at this level now. A fall near this level is more likely today (scenario №1) , since there is...
Preferred direction: SELL Comment: Against the backdrop of a calm week on the economic calendar, the US dollar is trying to strengthen, but this is likely to change in the near future. We continue to consider short-term sell priority for the dollar. Considering the USDCHF currency pair, the most conservative is at the level of 0.91424 (scenario №1) ....
The price is retesting the support area after a brief breakout from the demand area of the trend line, thus creating a higher low. We can expect the price to continue trending higher to the demand zone at around $0.92
✅USD_CHF made a retest Of the risging resistance Which used to be a rising Support lone and we are Already seeing a bearish Reaction so a further Move down is to be expected SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Hey Traders, in today's trading session we are monitoring USDCHF for a buying opportunity around 0.90400 zone, USDCHF is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.90400 support and resistance area. Trade safe, Joe.
Hello,Traders! USD-CHF broke the rising Support line went down Then up and has retested The broken support from Where we are already seeing A bearish reaction so We will be expecting A further move down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
📉💼 Trading Update: USD/CHF Analysis 💼📉 🔍 Keeping a keen eye on USD/CHF! 🔍 📉 The USD/CHF pair is currently testing a critical support-turned-resistance level after a recent breakout. This shift suggests a bearish confirmation, indicating potential downward pressure. 📊 On the hourly chart, we can spot a horizontal range, with the breach of its support signaling...
USD/CHF is trading close to a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.9095 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 0.9184 which is a level that sits above the 78.6% Fibonacci retracement level and an overlap resistance. Take profit is at...