USDCHF Channel Up intact. Aim higher.The USDCHF pair has been trading within a Channel Up pattern since the December 28 2023 Low. In the past 2 weeks, it has been forming its 2nd Bearish Leg that almost touched the 1D MA50 (blue trend-line), which has been supporting since February 02.
As long as we close 1D candles above it, we stay bullish, targeting 0.94200 (marginally below Resistance 2). Since however the recent Higher High was priced just below Resistance 1 (the October 03 2023 High), we will turn bearish (and take the buy's loss) if the pair closes a 1D candle below the 1D MA100 (green trend-line), which is what happened on November 14 2023. In that case, our Target will be 0.87350 (Support 1).
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Chf
USDCHF is approaching the main daily tendHey Traders, in today's trading session we are monitoring USDCHF for a buying opportunity around 0.90400 zone, USDCHF is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.90400 support and resistance area.
Trade safe, Joe.
NZDCHF Short-term buy opportunity.The NZDCHF pair delivered a strong buy signal following our last bullish call (February 29, see chart below) and after hitting the top of the Channel Up, it immediately pulled back to its bottom (Higher Lows trend-line):
The price is already on former Resistance 1 but has some more room left to expand to upwards before pulling back again, as the minimum Bullish Leg within the Channel Up has been +4.05%. As a result we are bullish short-term with a 0.54950 Target (+4.05%).
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EUR/CHF heading into 61.8% Fibonacci resistance?Price is rising towards a resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.97973
Why we like it:
There is a pullback resistance level which lines up with the 61.8% Fibonacci retracement.
Stop loss: 0.98353
Why we like it:
There is a pullback resistance level.
Take profit: 0.97218
Why we like it:
There is an overlap support level.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
CADCHF About to turn bullish long-term.The CADCHF pair Has been trading within a Channel Down pattern since January 2023 but recently it has shown growing signs that the long-term bearish trend is coming to an end. First of all, it formed the first Golden Cross on the 1D time-frame since April 01 2022. Since then, it has held the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) as Supports.
The strongest bullish development is that it turned the 1W MA50 (red trend-line), where it was rejected on September 29 2023, from a long-term Resistance to Support. The last time that this series of events happened following a 1D Golden Cross, was within December 2020 - January 2021. Even the 1D RSI fractals between the two are similar. What the past fractal did after turning those MAs into Supports, was rally aggressively above the previous Resistance.
As a result we turn bullish now on this pair, expecting the Channel Down to break upwards, and target 0.69650 (Resistance 1).
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USD/CHF is heading into 38.2% Fibonacci resistance?Price is rising towards a resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.90951
Why we like it:
There is a pullback resistance level which aligns with the 38.2% Fibonacci retracement.
Stop loss: 0.91505
Why we like it:
There is a pullback resistance level which is slightly above the 61.8% Fibonacci retracement.
Take profit: 0.90119
Why we like it:
There is a pullback support level.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
USDCHFWe are in a down trend and currently in the corrective phase of the leg.
We have not gotten a multi touch confirmation but we got a second touch which is also still valid to use. Price tested the previous high and rejected. Going down into lower time frames.
The are 3 bearish soldiers from that rejection which show further market strength. We are in a very corrective ascending channel. We formed another correction (it has been 6-8 hours).
Sell Idea also still has kinks so make sure to follow your plan and manage according to your system.
Heading into 38.2% Fibonacci resistance?The Swissie (USD/CHF) is rising towards the pivot and could potentially reverse to the 1st support.
Pivot: 0.90948
1st Support: 0.90138
1st Resistance: 0.91514
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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.
Bearish reversal off 38.2% Fibonacci retracement resistance?USD/CHF is rising to a resistance level, which is a pullback resistance that aligns with the 38.2% Fibonacci retracement, and could reverse from this level to our take profit.
Entry: 0.90966
Why we like it:
There is a pullback resistance level which aligns with the 38.2% Fibonacci retracement.
Stop loss: 0.91527
Why we like it:
There is a pullback resistance level which is slightly above the 61.8% Fibonacci retracement.
Take profit: 0.90102
Why we like it:
There is a pullback support level.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
USDCHF: Multi TFDespite positive news for CHF, we view the pair as bullish as long as it remains above 0.90892.
The daily chart reveals a clear short-term bullish channel.
On the 4-hour chart, a strong zone is apparent.
Exercise caution:
Do not enter long positions until the LR + 2 * stdev line is broken.
Avoid short positions until the level of 0.90892 is breached.
Sell GBPCHF Channel BreakoutThe GBP/CHF pair on the M30 timeframe presents a potential shorting opportunity due to a recent downward breakout from a well-defined bearish channel pattern. This breakout suggests a shift in momentum towards the downside and a higher likelihood of further declines in the coming hours.
Key Points:
Sell Entry: Consider entering a short position (selling) below the broken support level of the channel, ideally around 1.1500 after confirmation of the breakout. This offers an entry point close to the perceived shift in momentum.
Target Levels: Initial bearish targets lie at the previous support levels within the channel, now acting as potential resistance zones:
1.1430: This represents the first level of support within the channel.
1.1395: This is a further extension of the downside target, based on the height of the recent price movement before the breakout.
Stop-Loss: To manage risk, place a stop-loss order above the broken support line of the channel, ideally around 1.1515. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
USD/CHF potential bullish rise?Price has just bounced off the support level which is a pullback support that lines up with the 50% Fibonacci retracement and could potentially rise to our take profit.
Entry: 0.91511
Why we like it:
There is a pullback support level which aligns with the 50% Fibonacci retracement.
Stop loss: 0.90981
Why we like it:
There is a pullback support level
Take profit: 0.92252
Why we like it:
There is a pullback resistance level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
GBPCHF to find a top?GBPCHF - 24h expiry
We are trading at overbought extremes.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower.
Preferred trade is to sell into rallies.
We look for a temporary move higher. Although the anticipated move lower is corrective, it does offer ample risk/reward today.
We look to Sell at 1.1505 (stop at 1.1545)
Our profit targets will be 1.1405 and 1.1385
Resistance: 1.1580 / 1.1675 / 1.1820
Support: 1.1370 / 1.1300 / 1.1155
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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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Falling towards 38.2% Fibonacci retracement support?NZD/CHF is falling towards the support level which is an overlap support that aligns with the 38.2% Fibonacci retracement and could potentially bounce from this level to our take profit.
Entry: 0.53942
Why we like it:
There is an overlap support level which aligns with the 38.2% Fibonacci retracement.
Stop loss: 0.53448
Why we like it:
There is a pullback support level which aligns with the 61.8% Fibonacci retracement.
Take profit: 0.54482
Why we like it:
There is a pullback resistance level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
GBPCHF - Detailed Video Analysis Around Resistance📈📉Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📚 As long as the resistance holds, we will be looking for sell setups on 1H.
📚Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
Falling towards 61.8% Fibonacci retracement support?USD/CHF is falling towards a support level which is an overlap support that aligns with the 61.8% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 0.90750
Why we like it:
There is an overlap support level which aligns with the 61.8% Fibonacci retracement.
Stop loss: 0.90137
Why we like it:
There is a pullback support level
Take profit: 0.91511
Why we like it:
There is a pullback resistance level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
GBPCHF Breakout and Potential retraceHey Traders, in tomorrow's trading session we are monitoring GBPCHF for a selling opportunity around 1.15100 zone, GBPCHF 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 1.15100 support and resistance zone.
Trade safe, Joe.
Could price bounce from here?GBP/CHF is falling towards the support level which is a pullback support that aligns with the 23.6% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.13646
Why we like it:
There is a pullback support level which aligns with the 23.6% Fibonacci retracement.
Stop loss: 1.12950
Why we like it:
There is a support level which aligns with the 50% Fibonacci retracement.
Take profit: 1.14820
Why we like it:
There is a pullback resistance level
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Could EUR/CHF reverse from here?Price is rising towards a resistance level which is an overlap resistance that aligns with the 88.6% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.98001
Why we like it:
There is an overlap resistance level which aligns with the 88.6% Fibonacci retracement.
Stop loss: 0.98458
Why we like it:
There is a pullback resistance level
Take profit: 0.97394
Why we like it:
There is an overlap support level which aligns with the 23.6% Fibonacci retracement.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
AUDCHF: Strong bounce inside this Megaphone.AUDCHF is bullish on its 1D technical outlook (RSI = 60.496, MACD = 0.002, ADX = 32.323) after a strong bounce and closing above the 1D MA500. The dominant Bullish Megaphone pattern made its previous HH on the 2.0 Fib extension and a new 1D MACD Bullish Cross has validated that it now sets course for the new HH. We target again the 2.0 Fib (TP = 0.61550) which is just under the R1 level.
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