UCHF on a Correction Wave!!Here I have USD/CHF on the Daily Chart!!
Now given its remarkable rise to its current HIGH @ .92242, followed by the strong drop to the LOW @ .9005 ..
This week we've seen Price make a Fibonacci Retracement back to the Golden Zone meaning price is CORRECTING AFTER THE IMPULSE ELLIOT WAVE!!
Now with Price working past our LOW, we could see price drop as low as the ( .87447 - .86612 ) Range!!
USDCHF
Strifor || SILVER-17/05/2024Preferred direction: BUY
Comment: The previous long trade in silver was successfully closed at take profit, but we continue to actively adhere to short-term buy priority. Current prices are perfect for this and one can safely consider purchases with a goal of at least level 31 (scenario №1).
In the event of a sharp change in market sentiment, one can consider entering a long position as part of a re-test of the level 29.77800 (scenario №2).
Additional comments on this trade will be provided as situation changes. Follow us!
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USDCHF H4 | Fall from Fibo confluence?Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 0.1939, which is a pullback resistance close to 127.2% Fbo extension and 61.8% Fibo retracement.
Our take profit will be at 0.9028, a pullback support level.
The stop loss will be placed at 0.9226, a swing-high resistance 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. 68% 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. 70% 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.
Heading into overlap resistance, could it reverse from here?USD/CHF is rising towards the pivot and could potentially drop to the 1st support.
Pivot: 0.9096
1st Support: 0.8990
1st Resistance: 0.9150
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 Will Go Lower! Short!
Take a look at our analysis for USDCHF.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 0.908.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 0.905 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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USDCHF On The Rise! BUY!
My dear subscribers,
My technical analysis for USDCHF is below:
The price is coiling around a solid key level - 0.9045
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 0.9101
My Stop Loss - 0.9012
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
USDCHF - Downside move ✅Hello traders!
‼️ This is my perspective on USDCHF.
Technical analysis: Here we are still in a bearish market structure as price did not break previous high, so I expect we can see bearish price action after price rejected from liquidity zone + institutional big figure 0.91000. My target is imbalance filled + order block.
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CHF (Swiss Franc Futures, CHFUSD)... BULLISH!The Monthly +FVG was filled, then the CISD was formed.
Price traded through the BB, forming the +FVG on the way.
I am expecting the BB+FVG to hold, and price to move higher from here next week.
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USD-CHF Local Short! Sell!
Hello,Traders!
USD-CHF went up sharply
And the pair has reached
A horizontal resistance
Of 0.9101 from where
We are already seeing
A local pullback and I
Think that we will see
A further move down
Sell!
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Check out other forecasts below too!
USDCHF Technical Analysis! BUY!
My dear friends,
My technical analysis for USDCHF is below:
The market is trading on 0.9051 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 0.9074
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
USDCHF: Weak Market & Bearish Continuation
The strict beauty of the chart is a reflection of the fierce eternal battle between the bulls and bears and right now I can clearly see that the bears are taking over so we will bend to the will of the crowd and sell too.
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Strifor || USDJPY-17/05/2024Preferred direction: SELL
Comment: The Japanese yen , like the franc in the past, perfectly worked out all our previous trading ideas. Sell-priority for the American currency remains, and at the same time, for the USDJPY currency pair we also expect a fall to the level of 153.222 . Here we consider two scenarios.
Scenario №1 involves shorting from the resistance of the downward channel, that is, selling at current prices. Scenario №2 is a preliminary growth before a fall to level 157 , where there is a liquidated zone and perhaps the market will want to test this area before the fall.
Additional comments on this trade will be provided as situation changes. Follow us!
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Strifor || USDCHF-17/05/2024Preferred direction: SELL
Comment: Following our recent trading ideas, the US currency has strengthened slightly. This should not be confusing as the bearish potential for the US dollar remains.
Also for the franc . Not long ago we held shorts to the level of 0.90108 . This time we also consider this level as a target and most likely the instrument will begin to fall as much as possible from current prices (scenario №1) . Less likely scenario №2 involves a fall from the level of 0.91424 , this deal will be more conservative.
Additional comments on this trade will be provided as situation changes. Follow us!
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Strifor || AUDUSD-16/05/2024Preferred direction: BUY
Comment: AUDUSD is also on the buy list. This currency pair is also one of the most promising for short-term buyers. Most likely, growth will begin as much as possible at current prices (scenario №1).
Here we have a good local upward trend, towards which we are considering trades. One can also consider going long from the level of 0.66460 , or rather near this level (scenario №2).
We fix the growth target at the round level of 0.67500 .
Additional comments on this trade will be provided as situation changes. Follow us!
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USDCHF Will Go Up! Buy!
Take a look at our analysis for USDCHF.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 0.900.
Considering the today's price action, probabilities will be high to see a movement to 0.904.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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USDCHF DAILY SETUPHello, traders here is a setup of USDCHF as you can see the price have created a bearish flag pattern (rising wedge pattern) and has already broken it and if you look closely the price created a head and shoulders pattern inside the flag pattern. This give's more indication that the price is likely to go down under these circumstances.
Heading into 50% Fibonacci resistance?USD/CHF is rising towards the pivot, which has been identified as an overlapping resistance and could potentially reverse from this level to the 1st support.
Pivot: 0.9098
1st Support: 0.8987
1st Resistance: 0.9151
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 - 4hrs ( Sell Trade Target Range 200 PIP ) Pair Name : USD/CHF
🗨Time Frame : 4hrs Chart / Close
➕Scale Type : Large Scale
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🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
✔️ Key Technical / Direction ( Short )
Type : Mid Term Swing
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Bearish Break
0.91200
reasons
- Major Turn level / D
- Visible Range Lvn
- Channel middle Band
- Day low Break
- week low Break
- Fibo Break Out / Golden
- Choch / Daily
Bullish Reversal
0.89200 Area
Reasons
- Major Turn level
- Choch Zone
- Pattern Target
- Fibo 61.8 % mid wave
- Quarters area
USDCHF H4 | Bearish Drop Based on the H4 chart analysis, we can see that the price is currently at our sell entry at 0.9005, pullback support
Our take profit will be at 0.8908, a pullback support
The stop loss will be placed at 0.9093, which is an overlap resistance.
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. 68% 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. 70% 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.