Chf
AUDCHF Potential DownsidesHey Traders, in the coming week we are monitoring AUDCHF opportunity around 0.57400 zone, AUDCHF was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.57400 support and resistance zone.
Trade safe, Joe.
AUDCHF: Heading back to the descending channel boundary and ATLThis pair has been following a descending channel for months and even with positive data last week for the aussie and weaker performance for the swiss, the general direction was maintained.
We've broken back below the mid point of my channel and we seem destined to ultimately be heading for the ATL where I expect a strong bounce.
I generally look at correlation with gold, this pair tends to fall with gold from what I can see, but more of an observation than analysis (which I should look to do).
CHFJPY New bullish leg underwayCHFJPY is trading inside a Channel Up, which made on October 3rd the latest Higher Lon on the 1day MA100.
The price is already near Resistance A (166.550) and the 1day RSI bullish above the 60.00 level.
Buy and target 172.000 (less than the previous -9.60% rise).
Previous chart:
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USDCHF Potential UpsidesHey Traders, in today's trading session we are monitoring USDCHF for a buying opportunity around 0.90500 zone, USDCHF was trading in a downtrend and successfully managed to break it out and currently is in a correction phase in which it is approaching the retrace area at 0.90500 support and resistance area.
Trade safe, Joe.
NZD/CHF 4HWhoops! Let's wait a bit on this. But this looks promising :) The CHF pairs have been all over the place lately; it's challenging to determine the exact direction. I've been keeping an eye on it for a few days, and I think this could be it! Take a look at my gold trades too! Go for it, but be cautious!
EURCHF Long term downtrend but this Support is holding.EURCHF is trading inside a Channel Down since January and recently priced the latest Lower High.
We approach Support (1) which is a level that has held since July 27th.
Trading Plan:
1. Buy as long as a (1d) candle doesn't close under Support (1).
2. Sell if it closes under it.
Targets:
1. 0.96500 (top of Channel Down).
2. 0.93800 (-3.30% decline from the top, as all the bearish legs of the Channel Down have done so far).
Tips:
1. The MACD (1d) is under a Sell Cross. This favors the bearish trend, this is why the stop loss conditions should be so strict (candle closing under Support 1).
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Notes:
Past trading plan:
More correction down for Audchf?Likely more down side.
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The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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USDCHF Potential DownsidesHey Traders, in today's trading session we are monitoring USDCHF for a selling opportunity around 0.90600 zone, USDCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.90600 support and resistance area.
Trade safe, Joe.
NZDCHF Sell near the 1D MA200The NZDCHF pair has been trading within a Falling Wedge pattern since the March 28 2022 High. As you can see the two so far corrective waves have followed a similar Lower Lows structure.
The price is currently on the bullish leg to the Lower Highs trend-line, supported by both the 1D MA100 (green trend-line) and the 1D MA50 (blue trend-line). The 1D MACD Bearish Cross that is about to be completed calls for a sell preparation, as every Bearish Cross above the 0.0 level since March 2022 has been a sell signal. The closer the price gets to the 1D MA200 (orange trend-line), the more efficient the sell entry will be. We will target a projected 1D MA50 contact at 0.53500.
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GBPCHF: Your Trading Plan For Today 🇬🇧🇨🇭
GBPCHF is testing a wide daily horizontal demand zone.
To buy that with a confirmation, pay attention to a double bottom pattern on a 4H time frame.
1.11 is its neckline.
We need a 4H candle close above that to confirm the strength of the buyers.
Buy aggressively or on a retest, then.
Target will be 1.1135
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CADCHF Pure Resistance - Support trade.The CADCHF pair is trading within a 5-month Rectangle pattern. Following the rejection on the 0.68310 Resistance and establishing the price action below the 1D MA200 (orange trend-line), it should begin the final bearish phase towards the 0.64600 Support. The 1D MA50 is in between but after the 1D MACD formed a Bearish Cross, it shouldn't hold. Our target is 0.64800.
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EURCHF Bearish leg of Channel Down has started.EURCHF is trading inside a Channel Down that priced the latest Lower High at 0.969650 (Resistance A).
That is confirmed by the Sell Cross formation on October 5th, the highest formed since January 31st.
Sell and target 0.94100 (Support A), even though we can decline a little more (-3.25% was the previous bearish leg).
Previous chart:
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CHFJPY - Looking For Sell Setups ↘️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
CHFJPY has been overall bearish trading inside the falling broadening wedge pattern in red, and it is currently approaching the upper trendline.
Moreover, the zone 164.5 is a resistance zone.
🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper red trendline.
As per my trading style:
As CHFJPY approaches the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
USDCHF 9/10/23US dollar to the Swiss franc is showing us exactly what we'd like to see which is a reversed version of our USD secondary pairs so for example in this case we have a bearish swing range showing us that the gap is at the low of the range in our usd secondary pairs we have the reverse where our gap is at the top of the range and we are in a bullish directional range now the gap on the US dollar Swiss franc was not as large as our other primary pairs but we have still had a gap at market open which has now been filled due to the high impact news on Friday we created a huge 5 minute range this range needs to be broken either higher or lower to confirm our manipulated low until that we will just continue to follow the internal price action to possibly find some movements for a short term entry.
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
CADCHF - Over 1000pips Banked. What Is Next?CADCHF has given us over 1000pip worth of setups. We are now looking for one more trade setup to complete this bearish wave.
We know that Waves 1, 3 and 5 have a 5 wave structure. We are currently in wave 5 and looking for 5 subwaves to complete the bearish sequence.
Trade idea:
- We are in subwave 1 (of wave 5)
- Watch for subwave 2 retracement
- price should not go above 0.683 = invalidation level
- Targets: 0.645 (300pips), 0.62 (550pips)
Goodluck and as always, trade safe!
See our previous CADCHF setups below:
Why is AUD/CHF Going Down?The Australian dollar (AUD) has been on a downward trajectory against the Swiss franc (CHF) since the beginning of October 2023. The AUD/CHF exchange rate has fallen from 0.60 to 0.58, representing a decline of over 3%.
There are a number of factors that have contributed to this decline. One factor is the ongoing strength of the Swiss franc. The CHF is considered to be a safe-haven currency, and investors tend to flock to it during times of uncertainty. The current global economic climate is uncertain due to a number of factors, including the war in Ukraine, rising inflation, and concerns about a recession. As a result, the CHF has been in high demand, which has pushed its value higher.
Another factor that has contributed to the decline in the AUD/CHF exchange rate is the weakening of the Australian dollar. The AUD has been under pressure due to a number of factors, including the slowdown in the Chinese economy, rising interest rates in the United States, and concerns about the outlook for the global economy. As a result, the AUD has fallen against a number of currencies, including the CHF.
The image attached to the query shows the AUD/CHF exchange rate over the past year. The chart shows that the exchange rate has been on a downward trajectory since the beginning of October 2023. The decline in the AUD/CHF exchange rate is likely to continue in the near term, as the factors that are driving the decline are expected to remain in place.
Here is a more detailed explanation of the factors that are driving the decline in the AUD/CHF exchange rate:
Strength of the Swiss franc: The CHF is considered to be a safe-haven currency, and investors tend to flock to it during times of uncertainty. The current global economic climate is uncertain due to a number of factors, including the war in Ukraine, rising inflation, and concerns about a recession. As a result, the CHF has been in high demand, which has pushed its value higher.
Weakness of the Australian dollar: The AUD has been under pressure due to a number of factors, including the slowdown in the Chinese economy, rising interest rates in the United States, and concerns about the outlook for the global economy. As a result, the AUD has fallen against a number of currencies, including the CHF.
Trade flows: Australia and Switzerland have a relatively small trade relationship. This means that the AUD/CHF exchange rate is not as sensitive to trade flows as some other currency pairs. However, the slowdown in the Chinese economy is likely to have a negative impact on the Australian economy, and this could lead to a further decline in the AUD/CHF exchange rate.
Interest rates: The Swiss National Bank (SNB) has maintained a negative interest rate policy for several years. However, the SNB is expected to raise interest rates in the near future. This is likely to make the CHF more attractive to investors, and could lead to a further decline in the AUD/CHF exchange rate.
Overall, the decline in the AUD/CHF exchange rate is likely to continue in the near term, as the factors that are driving the decline are expected to remain in place. Investors should closely monitor the global economic climate, the strength of the Swiss franc, and the performance of the Australian economy to assess the outlook for the AUD/CHF exchange rate.
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EURCHF Potential DownsidesHey traders, in today's trading session we are monitoring EURCHF for a selling opportunity around 0.96500 zone, EURCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.96500 support and resistance area.
Trade safe, Joe.
AUDCHF: Important Breakout & Very Bearish Pattern 🇦🇺🇨🇭
Take a look at a strong rejection from a key horizontal daily resistance on AUDCHF.
After a test of 0.5925 level the market dropped and violated a support line of a rising parallel channel.
Taking into consideration that the pair is trading in a long term bearish trend,
probabilities are high that the market will drop now.
Goals: 0.577 / 0.567
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AUDCHF Potential DownsidesHey Traders, in today's trading session we are monitoring AUDCHF for a selling opportunity around 0.58400 zone, AUDCHF is trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area.
Trade safe, Joe.