The USD/CHF pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined channel pattern. Sell Entry: Consider entering a short position around the current price of 0.8827, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: Initial...
Hey Traders, in today's trading session we are monitoring USDCHF for a buying opportunity around 0.88100 zone, USDCHF was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.88100 support and resistance area. Adding a fundamental layer there is a contradictory between...
Price is in a large ascending channel suggesting there might be bullish momentum pushing prices up. Our pivot is at 0.8822 which is a pullback support level - if price were to bounce from this level, we could see it rise towards the 1st resistance at 0.8877 which is a recent major swing high resistance. If price were to break the pivot, we could see it drop...
USDCHF - 24h expiry Levels close to the 50% pullback level of 0.8789 found buyers. Prices have reacted from 0.8742. The bullish engulfing candle on the 4 hour chart the positive for sentiment. We look to buy dips. Our outlook is bullish. We look to Buy at 0.8790 (stop at 0.8762) Our profit targets will be 0.8860 and 0.8875 Resistance: 0.8821 / 0.8838 /...
Hey Traders, in today's trading session we are monitoring USDCHF for a buying opportunity around the 0.88000 zone. USDCHF is currently in an uptrend and approaching the critical 0.88000 support and resistance area. Now, let's dive into the fundamental analysis shaping this trade. On one hand, recent CPI data in the US has shown signs of strength, suggesting...
Greetings, traders! In today's trading session, we are closely monitoring USDCHF for a potential buying opportunity around the 0.88020 zone. USDCHF has been exhibiting an uptrend and is currently undergoing a correction phase, approaching the trend at the 0.88020 support and resistance area. Recent Core CPI data from the United States has shown a notable...
Hey Traders, Check this analysis out on USDCHF. The pair had been making some bullish moves since Feb 1st now I am anticipating for a pullback as indicated on the chart for me to take some buy trade. Provided that the price remains above the support, I will look for a nice BUY trade. Keep a close tab on this one.
Hey Traders, in tomorrow's trading session we are monitoring USDCHF for a buying opportunity around 0.87300 zone, USDCHF is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.87300 support and resistance area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring USDCHF for a buying opportunity around 0.86700 zone, USDCHF was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.86700 support and resistance area. Trade safe, Joe.
With the end of the downtrend, we see an increase in prices. The process is well suited to the theory of Elliott waves.
USDCHF is technically bullish on the 1D timeframe (RSI = 60.467, MACD = 0.001, ADX = 44.050) as it has made a Channel Down bottom on December 29th 2023 and has since rebounded over the 1D MA50. Technically it is still halfway through the new bullish wave that should extend over the 1D MA200 at around +8.18% from the bottom. That falls a little under the 0.786...
Hey Traders, in today's trading session we are monitoring USDCHF for a buying opportunity around 0.86900 zone, USDCHF is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.86900 support and resistance area. The Federal Reserve's recent cautionary stance, particularly the indication of no rate cuts in the near...
Hey Traders, in the coming week we are monitoring USDCHF for a buying opportunity around 0.86350 zone, USDCHF was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.86350 support and resistance area. While technically USDCHF shows signs of a potential buying...
Hey Trader, Check this analysis out on USDCHF After the FOMC data that simply put Dollar in a more stable state, USDCHF has successfully retested the previously broken Resistance zone (supply) and is moving toward the upside. Keep a close tab on this one.
The USD/CHF pair on the H1 chart exhibits a bearish signal suggesting a potential decline in the coming hours. A recent downside breakout from a descending channel pattern could offer a shorting opportunity. Key Points: Descending Channel Breakout: The price has been trending downwards within a channel defined by two falling lines, one for resistance and one...
In today's trading session, we are closely observing USDCHF for a potential selling opportunity around the 0.86500 zone. The latest release of the Personal Consumption Expenditures (PCE) data revealed an increase of 0.2%, slightly surpassing the previous 0.1% reading and meeting the forecast of 0.2%. However, when comparing this to the trend of recent months,...
Hey Traders, in today's trading session we are monitoring USDCHF for a buying opportunity around 0.85300 zone, USDCHF is trading an uptrend and currently is in a correction phase in which it is approaching the trend at 0.85300 support and resistance area. From a technical perspective, USDCHF exhibits a clear uptrend, and its current correction phase positions it...
Hey Traders, In tomorrow's trading session, our attention is on USDCHF as we identify a potential selling opportunity around the 0.86700 zone. USDCHF is currently trading in a downtrend and is in the midst of a correction phase, making the 0.86700 level a crucial area of interest. As traders, it's essential to carefully analyze the price action in the vicinity of...