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USDCHF

USDCHF: Key Level & Potential Short 🇺🇸🇨🇭 Hey traders, USDCHF is approaching a strong daily resistance level. On hourly time frame, the price formed a triple top formation. To catch a pullback from the underlined structure, wait for 0.921 horizontal neckline breakout (1H candle close below). Then sell aggressively or on a retest. Your goals will be: 0.917 0.914 In case of a new higher high higher close formation on hourly, setup will be invalid. ❤️Please, support this idea with a like and comment!❤️
Short
by VasilyTrader
1
💡Don't miss the great buy opportunity in USDCHFTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.89416). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . USDCHF is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 57. Take Profits: TP1= @ 0.90003 TP2= @ 0.90228 TP3= @ 0.90514 TP4= @ 0.90804 TP5= @ 0.91148 SL= Break below S3 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
4
💡Don't miss the great buy opportunity in USDCHFTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (0.90000). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . USDCHF is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 53. Take Profits: TP1= @ 0.90310 TP2= @ 0.90380 TP3= @ 0.90500 TP4= @ 0.90650 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
3
💡Don't miss the great sell opportunity in USDCHF Trading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (0.9120). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . USDCHF is in a downtrend and the continuation of downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . Take Profits: TP1= @ 0.9065 TP2= @ 0.9020 TP3= @ 0.8975 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity_ME
4
💡Don't miss the great buy opportunity in USDCHFTrading suggestion: . There is a possibility of temporary retracement to the suggested support line (0.9370). . If so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . USDCHF is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 66. Take Profits: TP1= @ 0.9410 TP2= @ 0.9470 TP3= @ 0.9530 TP4= @ 0.9610 TP5= @ 0.9720 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment. Let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
6
USDCHF approaches key hurdle ahead of SNB, US GDPUSDCHF extends the early week’s bounce-off 21-day SMA while directing bulls towards the key horizontal resistance ahead of the Swiss National Bank’s (SNB) monetary policy meeting. Given the overbought RSI conditions and the SNB’s anticipated hawkish tone, despite no range expectations, the pair is likely to step back from 0.9375-80 resistance area comprising multiple levels marked since June 11. However, 50% Fibonacci Retracement of March 2020 to January 2021 downside, at 0.9325, followed by a 21-day SMA level of 0.9236, can restrict the quote’s pullback moves. Meanwhile, an upside clearance of 0.9380 will trigger a rally targeting the 61.8% Fibonacci retracement level of 0.9465. Though, the 0.9400 round-figure can offer an intermediate halt during the rise. In a case where the USD/CHF bulls keep the reins past-0.9465, the June tops near mid-0.9500s will be the key to watch.
Short
by MTradingGlobal
USDCHF broad falling wedge pattern and break and retestUSDCHF Has managed to break the broad falling wedge pattern and retested once around 0.92500 level and bounced back towards 0.93000 And we can see a series of HH HL HH pattern here which is a clear sign of the bullish trend. The next possible upside target would be 0.93500 and 0.94000 In second quarter of the 2020 USDCHF has managed to fell below the 0.90000 major key psychological and reserve bank intervention level. Most of the time USDCHF Has bounced from this level.Due to the broad weakness in USD is the main reason for the rapid selling in USDCHF. After start of this year we can see some bullish trend in DXY which is reflecting in this pair and managed to back above 0.90000 level and currently trading near 0.93000 level.On monday market open the price might reach around 0.92500 and i am expecting bounce towards 0.94000. The Exponential moving average was just below the current price level which is a clear sign of the bullish trend here.The bear has to contend with these Moving averages such as 50,100 In Ichimoku cloud the cloud has turned red and its broadening too and the middle line is currently acting as another support for the bullish trend. And in Bollinger bands the price has reached around middle band which will give a short term buying pressure RSI has reached around 50,MACD is still above the line and green and Stochastic has reached around 80(short term fall back was expected) Trade call Buy @ 0.92600 Take profit @ 0.94000 Stop lose @ 0.92100
Short
by forexorbit
💡 Don't miss the great buy opportunity in USDCHFTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.8896). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . USDCHF is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 58. Take Profits: TP1= @ 0.8930 TP2= @ 0.8945 TP3= @ 0.8972 TP4= @ 0.9017 TP5= @ 0.9045 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
💡 Don't miss the great buy opportunity in USDCHFTrading suggestion: . There is a possibility of temporary retracement to suggested support line (0.892). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . USDCHF is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 70. Take Profits: TP1= @ 0.8965 TP2= @ 0.8985 TP3= @ 0.9000 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
5