AUDCHF is dropping after a 1day MA50 rejection.AUDCHF is on the decline after the price got rejected on the 1day MA50 last week.
The long term Channel Down pattern has considerable downside potential as each Lower Low leg has so far been at least -11%.
Sell on the current price and target 0.55000 (another -11% decline) at the bottom of the Channel Down.
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Swissfranc
EURCHF will go DOWN by Rising Wedge Pattern!!!EURCHF managed to form a rising wedge pattern near the 🔴 resistance zone 🔴 and the downtrend line .
EURCHF managed to break the lower line of the rising wedge pattern.
I expect EURCHF will go DOWN again to the 🟢 heavy support zone 🟢.
🔅Euro/Swiss Franc Analyze (EURCHF), 4-hour time frame ⏰.
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NZDCHF - Head and Shoulders📉Hi Traders👋🏻
On The Daily Time Frame The NZDCHF Price Reached A Resistance Line📉
Currently, The Price Formed a Head and Shoulders Pattern📉
The Neckline is Broken🔥
So, I Expect a Bearish Move📉
i'm waiting for a retest...
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TARGET: 0.54540🎯
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⚠️CADCHF crash by Head and Shoulders Pattern⚠️CADCHF managed to form a Head and Shoulders pattern after breaking the uptrend line.
Also, CADCHF managed to break the neckline and 🟢 support zone(0.673CHF-0.672CHF) 🟢 in the past hours.
🔔I expect CADCHF to decline at least until the next 🟢 support zone(0.664CHF-0.661CHF) 🟢.
🔅Canadian Dollar/Swiss Franc Analyze ( CADCHF) 4-hour time frame ⏰.
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CHFJPY: Is starting a long term declineCHFJPY reached the top of the 1 year Channel Up by exceeding the 2.618 Fibonacci extension and as the 1W technicals turned overbought the last two weeks (RSI = 69.506, MACD = 3.780, ADX = 64.451), it is an indication that we should start selling.
During the previous long term correction (September 14th - January 13th) inside this Channel Up, the price had a controlled decline inside a Channel Down pattern before bottoming more aggressively. As such, we take this opportunity to enter a comfortable long term sell, and target a possible 1D MA200 connection (TP = 152.250).
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HelenP. I expect that Swiss Franc can bounce to resistance levelHi folks today I'm prepared for you Swiss Franc analytics. Some days ago price declined to resistance 2, which coincide with the resistance zone, but at once rebound up and rose to 0.9140 point. After this, the price in a short time declined below resistance 2 and then at once bounced up to the trend line. next, Swiss Franc rolled down of trend line to resistance 1, which coincides with one more resistance zone. After these movements, the price tried to rise and even reached resistance 2, which coincide with the trend line, but at once backed up to resistance 1. Later Swiss Franc made an upward impulse to resistance 2 again, but this time it broke the trend line. And a not long time ago Swiss Franc rebounded from resistance 2 and fell below resistance 1 with trend line. At the moment price trades near the trend line and maybe it can rise to resistance 1 and try to break it. After breakout I think, the Swiss Franc can make a retest and continue to grow. Therefore I set my target at 0.8940 level. If you like my analytics you may support me with your like/comment ❤️
Sell CHF/JPYPrice looks like its struggling to break through the key level, after momentum was lost yesterday, and price reversed to the downside, this looks like a pullback before further downside momentum continues. As the Asia session is close, and yesterday they bumped the yen, I expect more of it to continue.
EURCHF: Crossed under the 1D MA50. Sell signal activated.EURCHF has closed under the 1D MA50 for the second day in a row, turning the 1D time frame marginally bearish on technicals (RSI = 44.850, MACD = 0.000, ADX = 18.356). That is a clear break out sell signal, so we turn short, targeting the S1 (TP = 0.967250).
If the price breaks under the S2, we will short again, aiming at a -3.25% total decline (TP = 0.95250).
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CHFJPY Sell signal on the Channel Up.CHFJPY is trading inside a Channel Up in the past 4 months and right now turned sideways after hitting the top of the pattern.
This is a Higher High sell signal which has a triple level target.
Trading Plan:
1. Sell on the current market price.
2. Buy at 157.500 and as long as the RSI (1d) holds the 53.50 Support.
Targets:
1. 157.500 (the 0.5 Fibonacci, Rising Support and potential contact with the MA50 1d).
2. 164.000 (Higher High).
Tips:
1. The RSI (1d) crossed under its MA giving an additional sell signal. Moreover the 53.50 Support, has given an accurate sell target and in turn buy entry, 3 times inside 2 months.
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CHF/ZAR - More pain for the rand t R22.00 - SHOCK WARNING Cup and Handle and a Falling Flag has formed on the daily with the Swiss Franc versus the South African Rand.
There was a one month consolidation and retracement. And now it looks like the buying and demand is kicking in again for the CHF.
We are looking at all yearly highs soon.
7>21>200
RSI=50
Target R22.00
QUICK STORY~!
I was in Switzerland in February and just a three day stay at a basic hotel was R13,500. It's scary to think how depreciated the rand is to this currency and how expensive living day to day is in Switzerland.
A simple Fondue meal with beer can cost up to R4,000.
A simple tea at a restaurant can set you back R120.00.
It is truly a beautiful country with the freshest air and amazing people with drive and ambition. But this is one country that is a privilege to go to if you're from South Africa.
Hence, I really hope I am wrong and that this currency doesn't continue to depreciate the rand.
Have you been to Switzerland and how was your experience?
USDCHF: On the verge of a breakout.USDCHF is trading on and under the 1D MA50 after the rejection on the 1D MA100 which also happened to be the top of the 1D Channel Down. The 1D technicals are neutral (RSI = 50.625, MACD = 0.000, ADX = 19.636) which indicates that the price will most likely commit to the direction of the next breakout.
If it closes under the HL line, sell and target the 1.5 Fibonacci level (TP = 0.86550). If the candle closes over the 1D MA100 (hasn't done so since November 10th 2022), buy and target the 1D MA100 (TP = 0.92150).
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EURCHF Strong sell opportunityEURCHF got rejected this week not just at the top of the 2023 Channel Down but also on the MA200 (1d).
A candle closing under the MA50 (1d) can be a confirmation for a long term sell opportunity.
Trading Plan:
1. Sell after the price closes a (1d) candle under the MA50.
Targets:
1. 2.000 (Rising Support).
2. 3.000 (Resistance 2).
Tips:
1. The RSI (1d) broke under the MA line and is on a similar Double Top rejection pattern as the March 23rd top.
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CHF JPY - FUNDAMENTAL ANALYSISAdam Cole, Chief Currency Strategist at RBC Capital Markets, has highlighted recent policy shifts from the Swiss National Bank (SNB), the persistent threat of imported inflation, and increasing levels of verbal intervention in Japan.
"While the Swiss National Bank (SNB) may have let down some investors with a 25bp rate hike last week when many were hoping for a 50bp increase, it made its intentions clear: it's ready to buy CHF to provide suitable monetary conditions," says Cole.
Indeed, despite a somewhat disappointing rate hike, the SNB's commitment to provide appropriate monetary conditions and willingness to buy CHF indicate a robust approach to currency management.
The SNB's current focus on selling foreign currency further substantiates this view.
Furthermore, the Swiss central bank's leadership recognises the benefits of CHF appreciation in the current economic climate.
SNB Chair Jordan noted that the strong CHF has effectively acted as a shield against imported inflation, an increasingly prevalent issue globally.
"SNB Chair Jordan revealed over the weekend that from the present perspective, monetary policy might not be tight enough to anchor price stability. He also noted that CHF appreciation has shielded Switzerland from imported inflation," Cole adds.
In Japan, meanwhile, the situation is a bit more nuanced. Despite the increasing verbal interventions from officials, the strategists at RBC believe there is potential in shorting JPY at current levels.
"In Japan, officials are ratcheting up their verbal interventions. Despite this, and the rising risk of intervention, RBC sees potential in shorting JPY at current levels," says Cole.
The pullback in USD/JPY from Friday's highs does leave some room for maneuver. This environment, coupled with the SNB's policy stance and Switzerland's inflationary shield, has led RBC to take a bullish position on the CHF/JPY pair.
As the markets continue to evolve in response to inflation, interest rate adjustments, and economic policy decisions, the perspective offered by strategists like Cole is crucial.
USDCHF - Price can decline a little and then start to move upHi guys, this is my overview for USDCHF, feel free to check it and write your feedback in comments👊
A not long time ago price bounced from $0.9000 level, which coincide with resistance area to next area.
After this, Swiss Franc declined and a few time traded between two levels and areas.
Then price made correction below $0.9000 level and soon bounced up to resistance line, after which price started to fall.
Also, Swiss Franc broke $0.9000 level and fell to support line, thereby forming triangle pattern.
Recently price tried to back up, but failed, and now trades close support line.
In my mind, price can make a little correction and then start to rise to resistance line.
Swiss Franc can also break this line and continue to grow to $0.8990
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UPDATE CHFJPY Target hit at 160.79It was a long hold since April.
The interest expense daily, added up and the profits weren't as high as I wanted it to.
But we kept to our guns and held.
And so, target 1 hit at 160.79.
Now we can expect the price to consolidate and move into a range before the next run up, but you'll be the first to know.
GBPCHF will go UP by Descending Triangle🚀GBPCHF has managed to form a Descending Triangle Pattern on the daily time frame.
After GBPCHF managed to break the 200-SMA , it was expected that the upper line of the descending triangle would break, and it did.
GBPCHF is completing a pullback to the upper line of the descending triangle , and I expect GBPCHF to start growing near the uptrend line and the 38.2% Fibonacci level .
🎯The GBPCHF target can at least continue to the upper limit of the 🔴heavy resistance zone( 1.178 CHF -1.153 CHF)🔴🎯.
🔅British Pound/ Swiss Franc Analyze ( GBPCHF ) Daily time frame⏰.
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EURCHF growth by Falling Wedge Pattern🚀EURCHF managed to form a Falling Wedge pattern near the 🟢heavy support zone🟢.
I expect EURCHF to grow up to at least the downtrend line after breaking the upper line of the falling wedge pattern.
🔅Euro/Swiss Franc Analyze (EURCHF), 4-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 - NEW BEARISH MOVE📉Hey Traders👋🏻
The USDCHF Price Reached A Support Level (0.89410-0.89806) !
Currently, The Price Broke This Key Level (Support Level Becomes New Resistance Level)
Moreover, The Price Broke The Support Line 📈
So, I Expect a Bearish Move📉
i'm waiting for a retest...
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TARGET: 0.88475🎯
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Swiss Franc can break support line and start to fall to 0.8900Hello traders, I want share with you my opinion about Swiss Franc. Observing the chart, we can see how the price bounced up from support line and start to move up. When price rising to the seller zone, it broke two levels - 0.8900 and 0.9000, but after the Swiss Franc reached seller zone, it bounced down and started to decline. Also later price broke support line and made a correction below the 0.9000 level, and at once made an upward impulse to seller zone again. But soon Swiss franc bounced down lower 0.9000 level again to the support area, which coincide with the support level. After these movements, price started to grow inside pennant, where it continues trades to this day. In my mind price can make a little rise, then bounce down and start to decline. Also Swiss Franc can break saupport line and maybe fall to support level. For this case, I set two targets, first - 0.8945 and second - at 0.8900 support level. Please share this idea with your friends and click Boost 🚀
EURCHF - BULLISH TRIPLE BOTTOM📈Hello Traders👋🏻
On The Daily Time Frame The EURCHF Price Reached a Strong Support Level (0.96771-0.964384)✔
The Price Reject to Break This Key Level and Create a new Lower Low 📉
Currently, EURCHF Formed a Triple Bottom Pattern📈
Moreover, The Neckline is Broken🔥
So, I Expect a Bullish Move📈
i'm waiting for a Retest...
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TARGET: 0.98590🎯
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CADCHF: Top of the 1 year Channel Down. Sell opportunity.CADCHF is approaching the top of the Channel Down pattern since May 2022, which is a little lower than the 1D MA200. The 1D technicals have turned green (RSI = 58.741, MACD = 0.003, ADX = 49.805), which indicates that we are entering the long term sell zone. The ideal sell confirmation will be after the 1D MACD makes a Bearish Cross. We will after the Cross is completed and target the LL trendline (TP = 0.63000).
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USDCHF sellUS dollar vs swiss franc the pair has pulled over to the H1 resistance zone and on this level it has shown a rejection with an inverted hammer through which it looks like bulls have losen up some control but also am watching this zone as retailers will be misguided here with a buy trade setup as the pair is moving in a channel formation so its possible that pair will fakeout the resistance zone and will come back to its direction selling to its daily level trendline so we will be waiting for a bearish setup to form as a scalper inverted hammer 🔨 is enough for me to enter sell trade but i am waiting for a proper confirmation candle like Bearish Engulfing or a Bearish Morubozu