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U.S. Dollar / Swiss Franc

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USDCHF trade ideas

EW Breakdown of USDCHF: Eyeing a Move Toward 0.8620I have analyzed the wave count by examining a consolidation area with significant trading activity following a sharp decline in USDCHF. Observing the slope of the fall, it appears that this congestion area could represent a correction on the 4-hour timeframe. The wave count indicates that wave B has formed a contracting triangle, with wave (e) of wave B completing at 0.8396 . We are at wave (C), which has can be move forward after breaching a strong resistance of 0.85154 . The currency may have some pullback for the public participation, but it shouldn't exceed the low of wave B. The setup can be formed after the breakout of wave B, for the distance up to 0.8618. Fibonacci Calculations are given below: Wave C = 1.618 of Wave A Wave C = 0.786 of the previous impulse Wave C = 1.618 of the previous impulse Additional information will be provided shortly.
by Trade-Technique
USDCHF MULTI TIME FRAME ANALYSISHello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. 🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair . 💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
Short
by okako_trading
USDCHF MULTI TIME FRAME ANALYSISHello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. 🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair . 💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
Short
by okako_trading
USDCHF View!!The USD/CHF is trending higher today after hitting its lowest level of 2024 on Friday, followed by a strong rebound. The price action has seen the pair move above the 100-hour moving average at 0.8464 and the 200-hour moving average at 0.8470. Staying above these levels would give buyers some control, at least in the short term. On the upside, the next target is the 100-bar moving average on the four-hour chart, which comes in at 0.8505. Beyond that, the 38.2% retracement of the move down from the August high is at 0.8516. Additionally, there is resistance at 0.8536, where a double-top formed during last week's trading on Monday and Tuesday.
Short
by FXBANkthe8055
USDCHF (1D)The chart provided is a daily price chart of the USD/CHF (U.S. Dollar/Swiss Franc) currency pair. It includes various technical analysis elements that suggest a bearish outlook. Here’s a detailed description of the analysis: Trend Analysis 1. **Uptrend Channel (Early 2024 - April 2024)**: - The price was initially in an upward channel, making a series of higher highs (HH) and higher lows (HL). This indicates a strong uptrend. 2. **Break of Uptrend Channel**: - The price eventually broke out of the upward channel to the downside, indicating a potential reversal or end of the uptrend. Key Levels 1. **Horizontal Resistance and Support**: - **Resistance at 0.915**: This level was tested multiple times as shown by the HH in March and April but failed to break significantly higher. - **Support at 0.89**: This level has acted as support recently, as indicated by the horizontal black line. 2. **Red Zones (Supply Zones)**: - These are areas where selling pressure has previously been strong enough to push the price down. The chart shows two such zones, one around 0.905 and another around 0.91. Price Action and Pattern 1. **Highs and Lows**: - **Lower Highs (LH)**: After the initial uptrend, the price started making lower highs, indicating a shift in momentum from bullish to bearish. - **Lower Low (LL)**: The recent price action has also made a lower low, confirming a bearish trend. 2. **Bearish Rejection**: - The price attempted to move higher but was rejected at the red supply zones, indicating strong selling pressure. **Future Price Movement (Forecast)** 1. **Bearish Scenario**: - The chart includes two potential bearish scenarios: - **First Scenario**: The price could move up to retest the nearest supply zone (around 0.905) and then continue downwards, breaking the 0.89 support level. - **Second Scenario**: If the price moves slightly higher to the second supply zone (around 0.91), it might face strong resistance again and continue its downward movement, potentially breaking the 0.89 support level. Summary - The chart indicates a transition from an uptrend to a bearish trend with the price making lower highs and lower lows. - The key support level at 0.89 is crucial; a break below this level could signal further downside. - The supply zones (red areas) are expected to act as strong resistance, potentially pushing the price lower. This analysis suggests caution for bullish traders and presents potential short opportunities if the price fails to break above the resistance zones and continues to exhibit bearish characteristics.
Short
by harshkjogadia
USDCHF rebounds near resistance at 0.8900The USDCHF has continued to rebound from its session lows earlier this week, and in doing so, it has moved back above the 200-day moving average (MA) and the broken 38.2% retracement level. However, it is currently encountering resistance around the falling 100-hour MA near 0.8900, which aligns closely with the high of a recent swing area. This level is crucial for both buyers and sellers. If the price can break and sustain above the 0.8900 level, it would signal a more bullish outlook. Conversely, if the price stays below the 200-day MA and moves lower, it would negate the corrective trend and prompt traders to target lower levels again.
Long
by FXBANkthe8055
USDCHF MULTI TIME FRAME ANALYSISHello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. 🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair . 💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
Long
by okako_trading
1
USD/CHF LONG SETUPThere is an long setup in EUR/CHF *REASONS FOR TRADE 1) EUR/CHF on support with 4 bottoms making on 15min timeframe 2) with a buying volumes 3) on a pivot (fibonacci) support 4) is moving around poc(point of control) on 15min timeframe #set target and stoploss as per your wish/risk #for comformation one can buy after the candel(long/strong green candel closes above the line with great volume ) *DISCLAIMER* "don't just trust blindy on thid idea do your own analaysis to make your trade more profitable" * BEST OF LUCK *
Long
by buildingmyself
USDCHF ANALYSIS OVER H4 CHART.USDCHF bounces from the support. This year, USDCHF is rising after breaking a significant trendline that was linked to the highs of 2022 on a daily chart. A breakthrough of this trendline would raise prices inside the large triangular range. The pair appears to be in a greater degree corrective setback following a completed five-wave rally and broken trendline, based on the 4-hour chart. We are following an A-B-C corrective slide, with wave C currently hitting the first 0.8900 support zone, suggesting that there may be some short-term price stability. However, a strong rebound above the 0.9 mark and a break out of the channel are necessary for a positive restart. The next region of support, in the event of a deeper and longer C wave, would be around 0.87 to 0.86. Either way, we believe that this year's CHF downturn will persist, maybe even against the USD and a few other currencies.
Long
by charliedavies770