Hey Traders, Check this trade on CADCHF out. The pair consolidated for the best part of Friday then broke out after US data was released. Wait for the break of the previous low (breakout low) before entering a short opportunity. Trade Safe.
The USDCHF is trading inside a Channel Down, with the recent rebound on the MA50 (4h) bringing the price at the top of the pattern. The MA200 (4h) is about to be tested for the first time in seven weeks and is the pivotal level for the short term trend. Trading Plan: 1. Buy if the price closes a (4h) candle over the MA200. 2. Sell as long as it closes under...
The AUDCHF pair is on a long term Channel Down that has just been rejected on the 1D MA50. The 1D technicals are marginally bearish (RSI = 44.758, MACD = -0.002, ADX = 32.406) meaning that this is still a sell opportunity in its early stages. As in December, target the LL line (TP = 0.580000). ## If you like our free content follow our profile to get more daily...
Hey Traders, in today's trading session we are monitoring GBPCHF for a selling opportunity around 1.127 zone, GBPCHF is trading in a downtrend and currently seems to be in a correction phase in which it is approaching the major trend at 1.127 support and resistance zone. We would consider some potential CHF longs as it's considered a safe haven currency. Trade safe, Joe.
AUDCHF is trading in a bearish trend. After the price set a new lower low, it started a correctional movement. The pair reached a major falling trend line this week. The market was stuck on that for a couple of days and formed a horizontal range on 4H. Its support was broken yesterday. It will most likely trigger a bearish trend continuation. Goals will be...
House Speaker McCarthy said the debt limit can't pass without dealing with the budget. The USD/CHF pair has rebounded after a corrective move to near 0.8930 in the early Asian session. The Swiss Franc asset has sensed buying interest amid an absence of a clear path for an increase in the US debt-ceiling limit. House Speaker McCarthy said the debt limit can't pass...
The USDCHF pair is repeating a pattern we identified last time from late 2022. After the Triangle's Support broke, the price formed a Channel Down that hit Fibonacci 2.0. We have already achieved Fibonacci 1.5 on the previous trade and Fibonacci 2.0 is at 0.8700. Target this as long as the 1day candle keeps closing under the 1day MA50. Previous chart: ...
Looks like we've spotted an impulsive wave to the downside recently. We "might" be in the corrective part of this wave so we would like to see a retest up to wave A. Looking for a fib retracement of up to 50% or more. Not advice.
On AUDCHF, the Forex48 strategy has identified a supply zone at 0.6030, where a setup for a short trade has formed. Currently, we have a weak AUD, but it could recover and potentially bounce back to the mentioned zone overnight after the news. However, I predict a decline with the strengthening of the Swiss Franc, which is traditionally a safe haven currency,...
Hello,My traders, here I took a buy deal through technical analysis, where we have a metigation block area, and we also have a bearish correction or a bearish flag that was broken, so it must target the liquidity at the top
The AUDCHF pair reached the bottom (Lower Lows trend-line) of the 2-year Channel Down pattern and rebounded, testing now the 1D MA50 (blue trend-line). Then that 1D MA50 test took place after the RSI on the 1W time-frame rebounded on its Support Zone, all three times the price hit the 1D MA200 (orange trend-line). This can happen a little quicker at 0.62000 or...
Cadchf short idea! 200ma is capping the price,there is a huge imbalance created friday that needs to be filled. Use a proper money management. Drago Analysis
NZDCHF H8 TF Possible sell entry looking for potential early bearish momentum
In my trading strategy, I analyze eight custom currency indexes on the 30-minute time frame to capture short-term market movements. I utilize pivot points, Exponential Moving Averages (EMAs), and various technical analysis techniques to develop a bullish or bearish bias for each currency. By examining the interactions between these indicators and price action, I...
AUDCHF managed to break the downward trendline and 🔴resistance zone🔴. Currently, it seems that AUDCHF has succeeded in completing a pullback; the sign of the completion of the pullback of the Hammer Candlestick pattern is near the resistance zone in the 15-minute and even one-hour time frames . I expect AUDCHF to go up to at least the 🎯target🎯 I have marked on...
Seems Like Has already Bottomed Out & formed descending Channel incase Of breakout expecting 220= Pips bullish Move
I'll be looking at this long in tomorrow's london session, I have been giving talks about this :) Our traders are positioned.
USDCHF - 24h expiry The primary trend remains bearish. Preferred trade is to sell into rallies. 20 1day EMA is at 0.8944. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. The bearish engulfing candle on the 4-hour chart is negative for sentiment. We look to Sell at 0.8944 (stop...