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Swissfranc

USDCHF: Turned bullish again.USDCHF is technically bearish on the 1D outlook (RSI = 38.319, MACD = -0.005, ADX = 47.617) and the long term pattern remains a Channel Down but the 1D MACD has formed a Bullish Cross. Since August 2022, 3 out of 4 such formations under 0.000 have initiated strong rises. Consequently, at least on the medium term, we regard this formation more dominant than the Channel Down. We can see a Channel Up emerging but in order for that to be sustainable, the Channel Down's top needs to break. Thus, we are only going to target its top (TP = 0.8950). This trade gets invalidated if the price crosses under the bottom of the Channel Up (short then TP = 0.8555). See how our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
2
USDCHF is ready to Jump by Rounding Bottom Pattern🚀🏃‍♂️ USDCHF has been moving in the Descending channel for a long time, but USDCHF started to increase by hitting the 🟡 Price Reversal Zone(PRZ) 🟡and managed to form a Rounding Bottom Pattern . 🔔I expect USDCHF to move at least to the upper line of the descending channel and possibly break the descending channel as well. U.S.Dollar/Swiss Franc ( USDCHF ) 1-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.
Long
by pejman_zwin
3
USDCHF - Price can make retest of support line and continue riseHi guys, this is my overview for USDCHF, feel free to check it and write your feedback in comments👊 Some time ago price started to trades in a falling channel, where it a few time traded near $0.8820 level and then broke it. After this, price declined to $0.8720 support level, which coincided with support zone, and then bounced up, exiting from channel. Then price reached resistance line and at once fell to support line, but soon backed up, thereby breaking $0.8720 level. Next, CHF continued to trades between resistance and support lines, but recently it reached resistance line and broke it. Now, price trades near this line and I think Swiss Franc can make retest and then bounce up to $0.8860, breaking resistance level. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
1
USDCHF Is it experiencing a pattern change?The USDCHF pair has been trading within a Channel Down pattern since the August 11 2022 Low. Such a long-term pattern is difficult to break but according to the 1D MACD and RSI indicators, the pair may be experiencing a pattern change. As you can see, the 1D MACD is about to form a Bullish Cross, the lowest since July 27, which was soon after the last Lower Low on the Channel Down. Along with the fact that the 1D RSI breached through the 30.00 oversold barrier and rebounded exactly on the same level as the July 13 Low, we have a strong case for a new bottom, which is not consistent with a Channel Down Lower Low. As a result a new Channel Up (dotted lines) may be emerging and our trading plan involves buying now at the (potential) Higher Low and targeting the top (Lower Highs trend-line) of the long-term Channel Down at 0.91175, which is also Resistance 1. If on the other hand Support 1 (0.85500) breaks, we will take the loss on the buy and go short instead, targeting the bottom of the Channel Down at 0.81250, which is also the 1.618 Fibonacci extension. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
HelenP. I Swiss Franc can start grow to resistance levelHi folks today I'm prepared for you Swiss Franc analytics. A few time ago price fell to resistance 2, which coincided with the resistance zone and trend line. After this, CHF rebounded from the trend line and tried to rise, but failed and in a short time declined lower than resistance 2, thereby breaking it. Next, the price reached the trend line and at once rebounded to the resistance zone, after which it made a strong impulse down back to the trend line. The Swiss Franc bounced and continued to decline near this line to resistance 1. When the price reached this level, it first declined lower and soon rose back, but not long ago it declined back yet, thereby breaking resistance level 1 too. At the moment, Swiss Franc trades close to the trend line and I think that price can start to rise to resistance level and try to break it. After a breakout, the Swiss Franc can make a retest and then continue to move up, therefore I set my target at the 0.8830 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
1
✈️CADCHF can go UP by Falling Wedge Pattern✈️🔄 CADCHF re-entered the 🟢 Support zone(0.648CHF-0.645CHF) 🟢 after experiencing a 🐻 Bear Trap 🐻. 💡Also, CADCHF seems to have succeeded in forming a Falling Wedge Pattern , so the upper line of this pattern was broken hours ago. 💡Also, we can see Regular Divergence(RD+) between two Consecutive Valleys . 🔔I expect CADCHF to GO UP in the coming days and may rise to 🔴 Resistance zones 🔴. Canadian Dollar/Swiss Franc Analyze ( CADCHF) 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 be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
1
Swiss Franc can rebound up from buyer zone to 0.8900Hello traders, I want share with you my opinion about Swiss Franc. Looking at the chart, we can see how the price some days ago made an upward impulse to the 0.9015 resistance level, which coincided with the seller zone and soon broke it. After this price some time traded near and then rose to the resistance line of the triangle. Then Swiss Franc rebounded from this line and fell to the support line, thereby breaking the 0.9015 resistance level again. Price tried to back up, but failed and made a strong downward impulse to the current 0.8840 resistance level, thereby exiting from the triangle and entering to range as well. In range, CHF declined to 0.8840 level and a not long time ago it broke this level too. And now, the price trades below the 0.8840 level in the buyer zone inside the range. In my mind, the Swiss Franc can rebound up from the buyer zone to the top part of the range, thereby breaking the resistance level. For this case, I set up my target at the 0.8900 level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
1
AUDCHF On the verge of a strong move.The AUDCHF pair has been trading within a Channel Down since February's High and currently sits just below its top (Lower Highs trend-line). Having formed a 1D MA50/ 100 Bullish Cross and tests the Lower Highs for the 3rd time in 2 months, it is highly likely to finally break the bearish trend upwards. We will only buy though above the 1D MA200 (orange trend-line) and aim towards Resistance 1 at 0.61500. Until this break-out, we will follow the long-term bearish Channel Down and short aiming at 0.53500 (-9.09% similar to the two previous bearish sequences). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot