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Navigating USD/CHF: Dual Fundamental Forces at PlayHey Traders, in today's trading session we are monitoring USDCHF for a buying opportunity around the 0.88000 zone. USDCHF is currently in an uptrend and approaching the critical 0.88000 support and resistance area. Now, let's dive into the fundamental analysis shaping this trade. On one hand, recent CPI data in the US has shown signs of strength, suggesting potential USD appreciation. The latest Consumer Price Index (CPI) figures indicate a robust performance, which could bolster the greenback's position against the Swiss franc. This upward pressure on the USD could provide support for USDCHF to maintain its upward trajectory. However, on the other hand, there's a contradictory fundamental factor to consider. In Switzerland, there are indications that inflationary pressures are easing. The easing inflation in Switzerland may lead to a scenario where the Swiss franc weakens against the USD, consequently pushing USDCHF higher. Despite the USD's potential strength fueled by CPI data, the easing inflation in Switzerland adds a contrasting dynamic to the equation. In summary, while strong CPI data in the US may support USD strength and USDCHF buying opportunities, the easing inflation in Switzerland introduces a counterbalancing factor that could also contribute to USDCHF upside potential. Traders should carefully weigh these conflicting fundamental dynamics alongside the technical analysis when making trading decisions. Trade safe, Joe.
Long
by JoeChampion
Swiss Franc can fall a little and then continue grow in channelHello traders, I want share with you my opinion about Swiss Franc. Observing the chart, we can see that the price a few days ago rebounded from the current support level and started to decline to the next level, which coincided with the buyer zone. But soon, CHF declined lower than 0.8485 level and declined until to 0.8330 points, after which Swiss Franc turned around and started to move up inside an upward channel. In the channel, the price soon broke the 0.8485 support level again and then in a short time rose to the current support level, which coincided with the support area and resistance line of the channel. But the price didn't fixed and in a short time fell to the support line of the channel, after which CHF turned around and rebounded back to the 0.8710 level. Soon, the price broke this level, some time traded near, and then continued to grow to the resistance line of the upward channel. Recently price bounced from this line and fell below, so I think that Swiss Franc can decline a little more, after which CHF turns around and then starts to move up to the resistance line of the channel. For this case, I set my target at the 0.8900 level, which coincides near the resistance line of the upward channel. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
Swiss Inflation Trends Impacting AUDCHF: A Closer LookIn the upcoming trading week, we're keeping a close eye on AUDCHF for a potential buying opportunity near the 0.57450 zone. AUDCHF is currently undergoing a corrective phase within its uptrend, approaching the critical support and resistance area. Adding a fundamental layer to our analysis, it's noteworthy that inflationary pressures in Switzerland are showing signs of easing. This shift in inflation dynamics could influence trading sentiments and provide insights into potential currency movements. Stay vigilant and trade safe, Joe.
Long
by JoeChampion
1
USDCHF Analysis: Divergent CPI Trends in the US and SwitzerlandGreetings, traders! In today's trading session, we are closely monitoring USDCHF for a potential buying opportunity around the 0.88020 zone. USDCHF has been exhibiting an uptrend and is currently undergoing a correction phase, approaching the trend at the 0.88020 support and resistance area. Recent Core CPI data from the United States has shown a notable increase, with the latest reading coming in at 0.4%, surpassing both the expected 0.3% and the previous 0.3% figures. This trend indicates a consistent upward trajectory in inflation, signaling potential economic strength. Considering this inflationary pressure, it is less likely that the Federal Reserve will implement rate cuts in the upcoming March meeting. The robust CPI data suggests a resilient economy, which could influence the Fed to maintain or adjust interest rates accordingly. In Switzerland, inflation has been slowing at a faster rate than anticipated. This deceleration in inflationary pressures indicates potential economic challenges and could prompt the Swiss National Bank (SNB) to reassess its monetary policy stance. A significant deviation from expected inflation metrics may lead the SNB to adjust its interest rate policies, which could impact the USDCHF pair. The contrasting CPI trends between the US and Switzerland play a crucial role in shaping monetary policy expectations. The stronger-than-expected inflation in the US diminishes the likelihood of rate cuts by the Federal Reserve in March. Conversely, the deceleration in inflation in Switzerland may prompt the SNB to reassess its monetary policy approach, potentially influencing the USDCHF pair. Trade safe and stay informed, Joe.
Long
by JoeChampion
3
a daily price action early hour update - usd/chfGood morning and i hope you are well. USD/CHF bull case: Bulls want the breakout of the triangle and bear channel here to test the 2023-11 and afterwards the 2023-10 high. The rally looks good enough that they can get it. Measured move target is right in between those 2 targets. If they can get the breakout, the market cycle changes from bear trend to trading range and the downside will probably be limited. Since this is a 20+ year bear channel, it has to find a bottom eventually right? bear case: Bears need to step in here to keep it inside the bear channel or the targets given above are very high probability. Since this is the third touch of the upper bear trend line, odds are not all that great to break it on the first try here. Ranging here is more probable but for that, bears need to print bear bars and right now there are none. First target for the bears is to stop the rally and then print back below 0.872. short term: odds favor sideways but rally is strong and i would not do anything here unless the bulls keep printing strong bars, then it's clearly continuation of long medium-long term: sideways. markets do not go from trend to trend, bottoms and tops are formed over a period before a new trend emerges
by priceactiontds
EURCHF - Looking for Shorts Again ❗️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 EURCHF has been overall bearish , trading within the falling wedge pattern in green. At present, EURCHF is undergoing a correction phase and it is currently approaching the upper green trendline acting as a non-horizontal resistance. Moreover, it is retesting a strong resistance zone marked in blue. 🏹 Thus, the highlighted blue circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper green trendline. 📚 As per my trading style: As #EURCHF is around the green circle zone, I will be looking for bearish reversal setups (like a top bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
CHFJPY Short Analysis + Trade IdeaCHFJPY 4HR Analysis + Trade Idea by OfficialKieranTrewick Looking for a 4HR fractal pivot rejection off 170.750-171.000 to provide good entries for shorts down to 169.500 - 167.000, The daily trend is very strong with chfjpy ongoing since 2021 and with multiple recent rejections off the latter side it seems it may be loading up for the surge into ATNH but with how strong of a resistance there has been at 171.500 i am not sure if this will be anytime soon, and with how strong the trend has been there is definitely room for some exhaustion down to 165-163 without affecting any long term market structure. Currently where the inner trend meets the underside of the largescale trend within a large range zone block trapped between 50% and a strong resistance level, the key here is just patience and waiting for the right confirmations to play out. On friday I already entered a short position with my VIP group from around 170.850 with various take profits levels down to 170.750, 170.500, 170.250, and 169.250.
Short
by OfficialKieranTrewick
HelenP. I Swiss Franc will rebound up of support zone to $0.8830Hi folks today I'm prepared for you Swiss Franc analytics. If we look at the chart we can see ho the price some time ago rebounded from support 1 and in a short time declined to the trend line, breaking support 2, which coincided with the support zone too. But soon, CHF rebounded from the trend line and started to rise in an upward channel, where the price rose to the support zone and some time traded inside. Next, the price broke support 2 one more time and rose until to support 1, which coincided with the resistance line of the channel with the support zone, but at once rebounded and fell to the support line, which is the trend line too. After this movement, CHF rebounded from this line and made a strong impulse up higher than support 1, thereby breaking it and even recently price rose higher than the support zone and now it trades near this area. For my mind, the Swiss Franc will decline to the support zone, after which it turn around and continues to rise to the resistance line of the upward channel. That's why 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
3
Eurchf /Gbpchf a level to watchHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Eurchf,especially is at a key level on D1 to watch for turn, likewise for GbpChf.Just keep it in your watchlist first! Do check out my stream video for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
by Shadowing_The_Big_Boys
USDCHF: Bullish extension on the 1D timeframe.USDCHF is technically bullish on the 1D timeframe (RSI = 60.467, MACD = 0.001, ADX = 44.050) as it has made a Channel Down bottom on December 29th 2023 and has since rebounded over the 1D MA50. Technically it is still halfway through the new bullish wave that should extend over the 1D MA200 at around +8.18% from the bottom. That falls a little under the 0.786 Fibonacci level and that's what we will use as target (TP = 0.9000). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
USDCHF:Strong dollar macros and potential upsidesHey Traders, in today's trading session we are monitoring USDCHF for a buying opportunity around 0.86900 zone, USDCHF is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.86900 support and resistance area. The Federal Reserve's recent cautionary stance, particularly the indication of no rate cuts in the near term, has the potential to bolster the US dollar against major currencies like the Swiss franc. This shift in sentiment towards a more hawkish Fed implies a stronger dollar, which historically correlates with higher USDCHF exchange rates. Investors tend to favor currencies associated with central banks that adopt tighter monetary policies, as they offer higher returns and lower inflation risks. Therefore, the Fed's reluctance to implement rate cuts in the immediate future could attract investors to the US dollar, leading to potential upside movements in USDCHF as traders adjust their positions in response to the evolving policy outlook. Trade safe, Joe.
Long
by JoeChampion
USDCHF - After breakout, price can make retest and continue riseHi guys, this is my overview for USDCHF, feel free to check it and write your feedback in comments👊 After price bounced from support line, which coincided with $0.8570 support level, it rose to resistance area. Price some time traded in this area, made correction, after which CHF rose higher resistance area and then started to fall. Also, price entered to falling channel, where it broke $0.8680 level which support line, and declined to support area. Then price made strong upward impulse from this area higher than $0.8680 level, breaking it again and exiting from channel too. At the moment, price trades near support area, and I think Swiss Franc can bounce up from support area to $0.8745 If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
1
USDCHF: Capitalizing on Fed's March Rate Cut WarningHey Traders, in the coming week we are monitoring USDCHF for a buying opportunity around 0.86350 zone, USDCHF was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.86350 support and resistance area. While technically USDCHF shows signs of a potential buying opportunity around the 0.86350 zone, it's essential to consider recent fundamental developments. The Federal Reserve's recent announcement, indicating no plans for a rate cut in March, has influenced market sentiment towards the US dollar. This cautious stance from the Fed has implications for USDCHF, potentially bolstering the dollar's strength against the Swiss franc. Traders should keep a close eye on how this fundamental factor interacts with the technical setup to make informed trading decisions Trade safe, Joe.
Long
by JoeChampion
2
Sell GBPCHF Bearish ChannelThe GBP/CHF pair on the M30 timeframe exhibits a bearish channel pattern, suggesting a potential selling opportunity in the coming minutes or hours. Let's delve deeper into the details: Key Points: Bearish Channel: The price has been trading within a downward-sloping channel defined by two converging lines: a falling resistance line and a falling support line. This pattern often indicates ongoing selling pressure and the potential for further decline. Sell Entry: Consider entering a short position around the current price of 1.0940, which is close to the channel resistance. This could offer an entry point near a potential reversal point. Target Levels: Initial bearish targets lie at the support levels of 1.0892 and 1.0867, marking previous support zones within the channel. Stop-Loss: To manage risk, place a stop-loss order above the channel resistance line at 1.0965. This helps limit potential losses if the downtrend breaks unexpectedly. Fundamental Updates : UK Bank of England (BoE) meeting minutes: Due for release later today, these minutes could shed light on the central bank's future monetary policy stance. Hawkish signals might boost the Pound, while dovish ones could weaken it. Swiss National Bank (SNB) Chairman Thomas Jordan's speech: Scheduled for tomorrow, February 2nd, any comments about potential interventions or the economic outlook could impact CHF sentiment. Thank you
Short
by KABHI_TA_TRADING
14