Bullish bounce off 38.2% Fibonacci support?The Swissie (USD/CHF) is reacting off the pivot which and could potentially rise to the 1st resistance which has been identified as a pullback resistance.
Pivot: 0.8727
1st Support: 0.8616
1st Resistance: 0.8920
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
USDCHF
Bearish drop?USD/CHF is rising towards the resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement and could drop from this level to our take profit.
Entry: 0.8801
Why we like it:
There is a pullback resistance level that aligns with the 38.2% Fibonacci retracement.
Stop loss: 0.8881
Why we like it:
There is a pullback resistance level.
Take profit: 0.8698
Why we like it:
There is an overlap support level that aligns with the 78.6% Fibonacci retracement.
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USDCHF Selling IdeaHello Traders
In This Chart USDCHF HOURLY Forex Forecast By FOREX PLANET
today USDCHF analysis 👆
🟢This Chart includes_ (USDCHF market update)
🟢What is The Next Opportunity on USDCHF Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Chart
USD/CHF BULLS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
We are targeting the 0.888 level area with our long trade on USD/CHF which is based on the fact that the pair is oversold on the BB band scale and is also approaching a support line below thus going us a good entry option.
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USDCHF - Potential sell !!Hello traders!
‼️ This is my perspective on USDCHF.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect price to continue the retracement to fill the imbalance higher and then to reject from bearish OB.
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USDCHF - 4hrs ( Sell Trade Target Range 150 PIP )Pair Name :USD/CHF
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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Key Technical / Direction ( Short )
———————————
Bearish Break
0.88100 Area
Reasons
- Major Turn level
- visible Range Hvn
- Choch Break
- Fibo Golden
- Quarter's / P
- Head & Shoulder
Bullish Reversal
0.86500 Area
Reasons
- Major Turn level
- Visible range Lvn
- Trend Line
- Choch Zone
- Pattern Target
USD/CHF: Indices and Market Factors Driving SentimentIndex and Volume Analysis:
- The DXY continues to reflect a softer dollar amid weaker labor market data, which has weighed on OANDA:USDCHF upward momentum.
- Equity markets remain mixed, with the SP:SPX and Nasdaq posting slight gains, suggesting a cautious risk-on sentiment.
Key Companies and Influencing Factors:
- U.S. Equities:** Positive sentiment in U.S. equities, driven by tech and consumer sectors, could limit CHF’s safe-haven appeal.
- Swiss Market Index (SMI): The SMI remains steady, reflecting Switzerland’s broader economic resilience but offering no major CHF-driving factors.
Possible Market Impacts:
- If the risk-on sentiment continues in equities, USD/CHF could find support and move toward the TP of **0.90043**.
- Conversely, any shifts toward risk-off sentiment or additional dollar weakness could push the pair closer to your SL of **0.87998**.
Entry, SL, and TP:
- **Entry:** 0.88358
- **Stop Loss (SL):** 0.87998
- **Take Profit (TP):** 0.90043
When the Market’s Call, We Stand Tall. Bull or Bear, Just Ride the Wave!
Reminder:
*Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Traders should conduct their own due diligence before making investment decisions.*
#USDCHF 1HUSDCHF 1-Hour Analysis
The USDCHF pair is currently trading within a channel pattern on the 1-hour chart, with the price approaching the channel’s lower support line. Additionally, a recent buy engulfing candlestick suggests the potential for bullish momentum from this level. Waiting for the price to touch the support ensures a more reliable entry.
Technical Outlook:
Pattern: Channel & Buy Engulfing
Forecast: Bullish (Wait for Support Touch, Then Buy)
Entry Strategy: Buy near the channel’s support line once confirmation of a reversal is observed.
Traders should monitor for bullish signals like a strong engulfing candlestick or an oversold RSI to validate the setup. Proper risk management is critical, with stop-loss orders placed slightly below the support line. Target the channel’s midline or upper boundary for potential profit.
USD/CHF: The Bulls Are Warming Up – Why You Should Pay AttentionAlright, my fellow chart warriors, it’s time to talk about the USD/CHF and why I think the bulls are gearing up for a serious run. 💪💸 If you’re a bear right now, you might want to grab a seat – this one’s going to sting. Let’s dive into the charts and break it down, George style! 🎯📊
1️⃣ The Big Picture: Bulls Are Back in Town 🐂
Take a look at that inverse head-and-shoulders pattern from October to November.
Left shoulder, head, right shoulder – BOOM! We got the breakout, and the price exploded higher. 🚀
This wasn’t just any breakout, my friends. It was a textbook bullish reversal that flipped the entire sentiment of this pair from bearish to bullish.
Now? The price is consolidating in a bullish ascending channel, and the bulls are catching their breath before the next big move.
2️⃣ RSI Says: Momentum is Healthy! 📈
Let’s talk about that RSI (Relative Strength Index):
We’re sitting comfortably around the 56-60 zone – strong but not overbought. Translation? The bulls still have room to run. 🏃♂️💨
No sign of bearish divergence here, folks. The trend is your friend, and momentum is clearly in the bulls’ favor.
3️⃣ Key Levels to Watch 🔍
Here’s where the magic happens:
Resistance to Break: 0.8900 – This is the line in the sand. A clean breakout here, and we’re heading straight for 0.9000, maybe even 0.9100. 🚀
Support to Hold: 0.8800 – The bottom of the ascending channel. As long as this level holds, the bulls are still in charge.
4️⃣ The Bullish Scenario: Let’s Paint the Picture 🎨
Here’s what I see happening next:
Price breaks through 0.8900 like a hot knife through butter. 🔥
Momentum picks up as the bulls take control, pushing us into the 0.9000 zone.
If we get some fundamental tailwinds (think a weaker CHF or USD strength), this rally could get even juicier.
5️⃣ The Setup: How I’m Playing This 🎯
Here’s the game plan:
1️⃣ Buy the Dip: If price tests the bottom of the channel (0.8800), it’s a buying opportunity with a stop just below the channel. 🎣
2️⃣ Breakout Trade: If price breaks and closes above 0.8900, I’m adding longs with a target at 0.9000–0.9100. 🏹
3️⃣ Risk Management: Keep stops tight, folks. A breakdown below 0.8800 invalidates this setup. You’ve got to protect your capital. 🛡️
George’s Hot Take 🔥
The USD/CHF is looking primed for a bullish breakout, and the ascending channel is just the setup we need to ride this trend higher. The bulls are in control, and unless something major changes, I’m betting on them to keep the rally going.
But hey, don’t just take my word for it – the charts don’t lie. 📊 Are you ready to ride this wave, or are you still on the sidelines? Let me know what you think in the comments below!
Stay sharp, trade smart, and as always, follow the momentum! 🐂🔥
Charts tell the story, my friends. It’s up to you to listen.
Bearish drop?The Swissie is reacting off the pivot which has been identified as a pullback resistance and could drop to the 1st support which acts as a pullback support.
Pivot: 0.8848
1st Support: 0.8773
1st Resistance: 0.8864
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
USDCHF H1 I Bullish Bounce?Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 0.8821, which is a pullback support close to 78.6% Fibo retracement.
Our take profit will be at 0.8855, a pullback resistance close to 61.8% Fibo retracement.
The stop loss will be placed at 0.8798, which is a swing low support level.
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Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Potential bullish rise?The Swissie (USD/CHF) has reacted off the pivot and could rise to the 1st resistance which lines up with the 78.6% Fibonacci retracement.
Pivot: 0.8849
1st Support: 0.8809
1st Resistance: 0.8915
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
USDCHF H4 | Bullish Bounce off 78.6?Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 10.8812, which is a pullback support close to 78.6% Fibo retracement.
Our take profit will be at 0.8861, a pullback resistance.
The stop loss will be placed at 0.8765, which is a pullback support level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Falling towards overlap support?USD/CHF is falling towards the support level which is an overlap support that lines up with the 38.2% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.8849
Why we like it:
There is an overlap support that lines up with the 38.2% Fibonacci retracement.
Stop loss: 0.8799
Why we like it:
There is a pullback support level.
Take profit: 0.8915
Why we like it:
There is a pullback resistance level that is slightly below the 78.6% Fibonacci retracement.
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USDCHF to continue in the upward move?USDCHF - 24h expiry
Daily signals are bullish.
20 1day EMA is at 0.8806.
The overnight dip has been bought into and there is scope for further bullish pressure going into this morning.
We look to buy dips.
Our outlook is bullish.
Support is located at 0.8800 and should stem dips to this area.
We look to Buy at 0.8806 (stop at 0.8778)
Our profit targets will be 0.8876 and 0.8886
Resistance: 0.8853 / 0.8875 / 0.8890
Support: 0.8834 / 0.8820 / 0.8794
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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.
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Scenario on USDCHFIn this market, according to everything, a triangle is forming that completes wave D, which is also further proven by the last formation at the top of the channel, where there is also resistance at the price level of 0.88900, where there is also the fibo 0.618 of the previous wave, which further convinces me to think about shorts, but it is not yet completely confirmed, so wait.
Swiss Franc Futures Decline Amid Weaker US Dollar:Market InsightThe CHF Swiss Franc futures pair experienced a decline to approximately 1.308 during the early European trading session on Monday. This weakening can be primarily attributed to the broad softness of the US Dollar (USD), which has been under pressure lately. After an initial reversal at the pivotal level of 108.000, the US Dollar Index (DXY) managed to recover some ground, indicating a volatile session ahead for currency traders.
Today's market attention is squarely focused on a series of significant economic events that could influence currency valuations. Notably, European Central Bank (ECB) President Christine Lagarde is scheduled to deliver a speech that many analysts anticipate will provide insights into the central bank's future policy direction. Given the current economic climate in Europe, her comments are likely to be closely scrutinized by market participants looking for hints on interest rate adjustments and other monetary policy considerations.
Additionally, the release of the US ISM Manufacturing Purchasing Managers' Index (PMI) later today is another critical data point that traders are monitoring. The PMI serves as a vital barometer for the health of the manufacturing sector, and its results can significantly sway market sentiment. A stronger-than-expected PMI reading could lend support to the USD, particularly in light of the Federal Reserve's cautious stance in recent months. A resilient manufacturing sector may fuel speculation about potential interest rate hikes, thus supporting the US dollar.
As the market digests these developments, a bearish sentiment appears to be forming for the CHF futures pair. The combination of a weaker Swiss Franc and the possibility of a stable or strengthening US Dollar suggests that traders may be looking to position themselves for a further decline in the CHF/USD relationship. In the current environment of uncertainty and varied economic signals, currency traders must remain vigilant, ready to adapt to rapid changes that could arise from today's pivotal events.
In summary, the interplay between the Swiss Franc and the US Dollar is accentuated by current macroeconomic factors, including central bank communications and key economic releases. With a bearish setup on the horizon and investors keenly anticipating these market-moving events, today's trading session promises to be both challenging and potentially rewarding for those engaged in forex trading.
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