Chf
USDCHF feels a need of correction before further upsidesHey Traders, in today's trading session we are monitoring USDCHF for a buying opportunity around 0.90100 zone, USDCHF is trading in an uptrend and currently seems to be in a correction phase in which it is approaching the major trend at 0.90100 support and resistance zone.
Trade safe, Joe.
EURCHF Bearish signal targeting 0.9555.The EURCHF pair is trading within a Channel Up since the March 23 High, below both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line), which formed a Death Cross a few days ago, the first such bearish pattern since August 02 2021.
The emerging MACD Bearish Cross will be the final confirmation signal ahead of the next downside target, as every Bearish Cross delivered considerable downside after its formation. You can set an immediate target at 0.964500 (Support 1). Our medium-term target is Support 2 at 0.955500.
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USDCHF broke down from the bullish channel.USDCHF - 24h expiry
Broken out of the channel formation to the downside.
A break of the recent low at 0.9035 should result in a further move lower.
The bearish engulfing candle on the 4 hour chart is negative for sentiment.
We look for losses to be extended today.
The primary trend remains bearish.
We look to Sell a break of 0.9033 (stop at 0.9058)
Our profit targets will be 0.8973 and 0.8963
Resistance: 0.9066 / 0.9085 / 0.9100
Support: 0.9035 / 0.9020 / 0.9000
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
USDCHF continues to rise in a bullish channelUSDCHF - 24h expiry
Our short term bias remains positive.
Trading within a Bullish Channel formation.
Trend line support is located at 0.9051.
Previous resistance at 0.9060 now becomes support.
50 4hour EMA is at 0.9060.
We look to Buy at 0.9063 (stop at 0.9033)
Our profit targets will be 0.9138 and 0.9148
Resistance: 0.9116 / 0.9148 / 0.9160
Support: 0.9100 / 0.9065 / 0.9040
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
CADCHF - DAILY TIMEFRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
USDCHF Weekly Forecast CPI | 4th June 2023Fundamental Backdrop
CPI m/m expected to increase 0.3% on Monday
Technical Confluences
Current resistance level at 0.90856
Next resistance at 0.92158
Near-term support level at 0.89876
Idea
If the CPI increases at 0.3% as expected or more, we could see the price break the current resistance at 0.90856, before heading towards the next resistance at 0.92158.
However, if the CPI decreases instead, we could see price drop and head towards the near-term support level at 0.89876
NOT FINANCIAL ADVICE DISCLAIMER
The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas.
We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades.
Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks.
OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
NZDCHF Potential downsidesHey Traders, in the coming week we are monitoring NZDCHF for a selling opportunity around 0.563 zone, NZDCHF is trading in a downtrend and currently seems to be in a correction phase in which it is approaching the major trend at 0.563 support and resistance zone.
Trade safe, Joe.
CADCHF goes up after the downtrend line breaks🚀CADCHF managed to break the downtrend line.
Also, Regular Divergence(RD+) can be seen between two successive valleys.
I expect CADCHF to grow to at least the 🔴resistance zone( 0.6808 CHF-0.67720 CHF)🔴 after the pullback to the downtrend line.
🔅Canadian Dollar/Swiss Franc Analyze (CADCHF), 8-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
USDCHF Potential UpsidesHey traders, In today's trading session we are monitoring USDCHF for a buying opportunity around 0.90500 zone, USDCHF is trading in an uptrend and currently seems to be in a correction phase in which it is approaching the major trend at 0.90500 support and resistance zone.
Trade safe, Joe.
CHFJPY: Buy this pullback on the 1D MA50.CHFJPY is trading inside a Channel Up for the past 12 months and currently pulling back after touching the 2.0 Fibonacci level. With the 1D time frame technically neutral (RSI = 53.315, MACD = 1.420, ADX = 33.250), the closer the price gets to the 1D MA50, the stronger of a buy opportunity it becomes. The fractal of July-August 2022 indicates that the next HH of the Channel Up should be on the 2.618 Fibonacci level at 160.000.
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Joe G2H - Ending wedge on the EURCHF Daily chartTrade Idea: Buying EURCHF
Reasoning: Ending wedge on the daily and lower end of a range.
Entry Level: 0.9725
Take Profit Level: 0.9765
Stop Loss: 0.9706
Risk/Reward: 2.1/1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
USDCHF is still in a positive channel.USDCHF -24h expiry
Our short-term bias remains positive.
Intraday dips continue to attract buyers and there is no clear indication that this trading sequence is ending.
50 4-hour EMA is at 0.9031.
Trend line support is located at 0.9030.
We look to buy dips.
We look to Buy at 0.9031 (stop at 0.9006)
Our profit targets will be 0.9091 and 0.9101
Resistance: 0.9088 / 0.9100 / 0.9120
Support: 0.9070 / 0.9055 / 0.9030
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
✨ NZDCHF...UT ✨ Swing Trade ✨✨ NZDCHF...UT ✨ Swing Trade ✨
- SL @ 0.5300 🚫
BLO @ 0.54421 ⌛️
BSO @ 0.57441 ⌛️
TP1 @ 0.62380
TP2 @ 0.70565
TP3 @ 0.75736
Current Opportunity
Our team foresees a notable downtrend retracement for DXY, leading to a bullish stance on NZDCHF. Our strategy involves partially reducing our position by 25% at the first and second take profits, ultimately closing the entire position upon reaching our third take profit.
Big Picture
Following the projected downward retracement, we anticipate DXY to sustain its upward momentum, which is expected to extend the bearish trend of NZDCHF in the long term. As we approach TP3, we will provide an update regarding a potential short position.
Happy Trading!!
USDCHF Bullish above the 1D MA50, bearish below it.The USDCHF pair is trading within a Channel Down pattern since late November and it currently above the 1D MA50 (blue trend-line). As long as 1D candles close above it (1D MA50), we will stay bullish and target slightly below the 0.618 Fibonacci extension at 0.91850. A 1D candle close below it, will be a bearish break-out for us, targeting the Channel's recent Low at 0.88250.
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EURCHF Potential DownsidesHey Traders, in today's trading session we are monitoring EURCHF for a selling opportunity around 0.97400 zone, EURCHF is trading in a downtrend and currently seems to be in a correction phase in which it is approaching the major trend at 0.97400 support and resistance zone.
Trade safe, Joe.
EURCHF to breakdown at 32-week lows?EURCHF - 24h expiry
Trades at the lowest level in 32 weeks.
There is no clear indication that the downward move is coming to an end.
The previous swing low is located at 0.9677.
A break of the recent low at 0.9674 should result in a further move lower.
We look for losses to be extended today.
We look to Sell a break of 0.9673 (stop at 0.9693
Our profit targets will be 0.9623 and 0.9613
Resistance: 0.9688 / 0.9700 / 0.9720
Support: 0.9674 / 0.9660 / 0.9640
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
USDCHF Sell Forecast H4 | 30th May 2023Fundamental Backdrop
USD's CB Consumer Confidence is expected to drop from 101.3 - 99.1
It's a leading indicator of consumer spending, so a drop would show that overall economic activity has decreased
Technical Confluences
Resistance at 0.90600
Support at 0.90100
Idea
If the CB Consumer Confidence comes out as expected at a decrease, we could see price head towards the support at 0.90100.
NOT FINANCIAL ADVICE DISCLAIMER
The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas.
We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades.
Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks.
OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
AUDCHF Potential DownsidesHey Traders, in tomorrow's trading session we are monitoring AUDCHF for a selling opportunity around 0.59250 zone, AUDCHF is trading in a downtrend and currently seems to be in a correction phase in which it is approaching the major trend at 0.59250 support and resistance zone.
Trade safe, Joe.