Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last analysis, attached on the chart, we have been looking for buy setups around the lower bound of the red channel. EURCHF traded higher and it is now approaching the upper bound of the channel again. Moreover, the zone 0.97 is a strong resistance. 🏹 So the...
The CHFJPY pair is trading within a Bullish Megaphone for almost 4 months (since July 12) and is on a rebound on the 1D MA50 (blue trend-line). Technically it priced the Higher High of the Megaphone 2 weeks ago so this should be the bearish leg towards its bottom (Higher Lows trend-line). Especially since the 1D MA100 (green trend-line) broke last month for the...
As you can see from US dollar chef you're probably starting to recognise that there is a clear pattern here we have a freshly established swing with a swing high and a swing low giving us the exact opposite of what we've seen with our usd secondary pairs which is of course a bullish range in this case we have a bearish range breaker structure has occurred at the...
We can see we've just broken out of my channel top after a strong bullish move, but this isn't the first time and we're hitting strong resistance. Swissie has been weak of late, unlike the Aussie, so I believe this can go either way. I'll be looking at longs around 0.589 if resistance is broken, but we may well fall back first. If we fall back below 0.578 then...
Based on the Daily timeframe for GBPCHF, a clear technical analysis reveals a notable development. The previous support trendline has experienced a downside breakout, now functioning as a resistance zone. Currently, the price is approaching this trendline, showcasing a retest scenario. There's a potential for a bounce off this resistance area. This probability is...
More than a month ago (September 19) we gave a short-term buy signal on the EURCHF pair (see chart below) that quickly hit its target: The price is now ranged within the 1D MA50 (blue trend-line) and the 1D MA100 (green trend-line) near not only the top of the 10-month Channel Down but also the Lower Highs trend-line from September 20 2021. The MACD is on a...
Been watching this pair for a while, I'm noticing the Swissie generally weaken against it's crosses, many look ready for a reversal to me. CADCHF has been trading in a range, we can see daily failures at the current level which suggests to me we're about to bounce up so I'm looking for a buy on LTF's. I first posted this idea on the 18th October, it now looks...
Here is the trick, one way or the other this pair daily candle will close bullish, buy at 0.65220 target 0.6535 stops below 0.65165. Icrackedthealgo
CADCHF has held trading over the six month S1 Zone for the eight straight session. Obviously this turned the 4H timeframe (and below) neutral (RSI = 52.551, MACD = 0.000, ADX = 32.796), which makes for a solid bottom formation. On a wider look it appears that the original Channel Down transitioned into a Rectangle of a R1 and S1 Zone. The 1D MACD Bullish Cross...
USDCHF was in a uptrend but has posted a Double Top Reversal pattern with a Bearish Divergence on the RSI, signaling a reversal in play.
UC really clean trend from last week following our ranges as we thought it would, we now have another range to the upside as it stands we are looking for our swing high to be taken, if we break down we will track price as we should, this would also line up with our other bias setups for GU EU N1. Remember to always read order flow and follow what price is showing...
Alright, let's break down this CAD/CHF sell trade. 📉 First off, if you peek at the monthly and weekly charts, you'll notice this pair's still riding the bearish wave. 📊 On the hourly chart, buyers seem to be in control and have pushed the market into overbought territory. 📈 Now, my eye's on two attractive targets: 0.65750 and 0.65000. 🎯🎯 Now, a bit of context:...
Technically Uchf came back to its R zone, 4 up candles on daily so far. careful with this zone. or the uptrendline later on. Of coz act accordingly as PA unfolds over the week. **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it...
We've broken out of a long-standing sideways channel to the lower side, now bouncing off support to retest the broken channel. I'm expecting a big dump in this paid once the retest is complete, UK economy vs Swiss economy, interest yields etc, no comparison. The Swiss has been a stand-out performer against most crosses this year, GBP has been clinging on but I...