Looking at the Chart - Showing HH & HL - Respecting horizontal Trend Line Expected to bounce from 0.38 Fib Level
In Q1, two central banks that have previously used negative interest rates made surprising decisions. The Bank of Japan exited negative rates, while the Swiss National Bank (SNB) unexpectedly cut their benchmark interest rate. The SNB may continue to ease further due to low inflation forecasts and weak growth. In contrast, the Fed wants more confidence in...
In this trading strategy, we present a compelling opportunity for a long position on the USD/CHF currency pair, focusing on the 1-hour timeframe. By incorporating key technical indicators such as the Exponential Moving Average (EMA) 200, Moving Average Convergence Divergence (MACD) for trend analysis, and Supertrend for entry signals, traders can aim to achieve a...
USDCHF SHORT Target 0.8900 Its at 3rd drive of USDCHF in Daily TF
USDCHF looks quite overbought after a test of a key daily horizontal resistance. As a confirmation, the price formed a double top pattern on a 4H time frame and violated its neckline. I think that the pair may test 0.8993 level soon. ❤️Please, support my work with like, thank you!❤️
Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 0.8906, which is a pullback resistance that lines up with the 127.2% Fibonacci retracement Our take profit will be at 0.8857, a pullback support level. The stop loss will be placed at 0.8962, a pullback resistance level High Risk Investment Warning Trading...
Based on the H1 chart analysis, we can see that the price is falling toward our buy entry at 0.8841, which is an overlap support Our take profit will be at 0.8870, which is an overlap resistance level. The stop loss will be placed at 0.8822, an overlap support level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and...
USD/CHF is trading close to a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 0.89685 which is a pullback support. Stop loss is at 0.89076 which is a pullback support that aligns with the 61.8% Fibonacci retracement level. Take profit is at 0.90410 which is a pullback resistance. High Risk Investment Warning...
Hey Traders, Check out this technical analysis on USDCHF; it appears to be undergoing a small pullback, potentially indicating a bullish momentum continuation. However, I would recommend waiting for a proper retest of the broken key level before considering a buy-trade entry. Alternatively, there may be an opportunity for a sell trade if the market breaches the...
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
Hi folks today I'm prepared for you Swiss Franc analytics. Some time ago price made little correction movement, after which turned around and in a short time rose to support 2, which coincided with the support zone and started to trades in this area. Later, CHF broke support 2 and made a retest, after which rebounded and tried to rise more but failed and declined...
USDCHF reached a key daily horizontal resistance this week. After its test, the pair formed a doji candle on a daily time frame. On a 4H, I spotted a double top pattern with a confirmed neckline violation. It is a strong intraday bearish confirmation. I expect a downward movement next week at least to 0.8992 ❤️Please, support my work with like, thank you!❤️
Hello traders! ‼️ This is my perspective on USDCHF. Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look for a long position. I have a point of interest where there are confluence arguments for a long position, this one is if price fills the imbalance lower and rejects from S/R zone + FIBO 0.5 level +...
Hello,Friends! USD-CHF uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 0.884 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the USD/CHF pair. ✅LIKE AND COMMENT MY IDEAS✅
Dear analysts and traders, I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules. As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed...
Preferred direction: BUY Comment: The Japanese yen continues to be the weakest currency among the majors. Buy priority for the USDJPY currency pair has not only a medium-term framework, but also a long-term one. The reason for this is the low rate and the inaction of the Central Bank of Japan . You can't achieve anything with words. The current squeeze...
Preferred direction: SELL Comment: Despite the fact that a medium-term fall in the American currency is expected, including in the USDCHF currency pair, it should be noted that the franc is one of the weakest among the majors (the situation is only worse for the Japanese yen ). Here, we can draw the conclusion that it is better to take a closer look at...