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USD/CHF Retreats Amidst Lower US Treasury YieldsUSD/CHF Retreats Amidst Lower US Treasury Yields The USD/CHF currency pair is currently navigating a complex landscape, marked by a pullback in the US Dollar, potentially fueled by lower US Treasury yields. Despite the initial cheers from hawkish remarks by Federal Reserve officials, the Greenback finds itself facing challenges, with risk aversion sentiment lending some support. Additionally, the Swiss Franc has experienced selling pressure, triggered by concerns raised by Swiss National Bank (SNB) Chairman Thomas Jordan regarding the impact of CHF's strength on inflation and the broader domestic economy. Technical Analysis: From a technical standpoint, the forecast remains clear, indicating a possible continuation of the bearish trend. The failure to breach the resistance at 0.8700, coupled with the rejection at the confluence of the Dynamic trendline and the 78.6% Fibonacci level, suggests that the bears might still have the upper hand. Traders are keenly watching for any signs of a new bearish impulse aligning with the established downtrend. SNB's Inflation Concerns: The recent selling pressure on the Swiss Franc can be attributed to SNB Chairman Thomas Jordan's expressed worries about the CHF's strength and its potential impact on the SNB's ability to maintain inflation above zero. This concern arises despite some positive economic indicators, such as a slight increase in Swiss consumer prices in December and an improvement in consumer demand in November. Economic Indicators: While recent economic indicators paint a mixed picture, with positive signs in consumer prices and demand, Swiss Producer and Import Prices (YoY) witnessed a decline in December, following a similar trend in November. These more moderate figures may temper the SNB's decision-making in the upcoming meeting, as they grapple with the delicate balance of supporting economic recovery while ensuring inflation remains within a stable range. SNB's Commitment to Monetary Policy: In the SNB's last policy update in December, the central bank reiterated its commitment to adjusting monetary policy if necessary to maintain inflation within a range consistent with price stability over the medium term. The cautious stance suggests that despite the recent economic fluctuations, the SNB remains vigilant and ready to act to ensure economic stability. Conclusion: As the USD/CHF pair faces headwinds from lower US Treasury yields and the SNB's inflation concerns, traders are keeping a close eye on technical indicators and the broader economic landscape. The failure to breach key resistance levels indicates a potential continuation of the bearish trend. However, the SNB's commitment to adjusting monetary policy underscores the uncertainty in the current economic environment. Traders should remain vigilant and adapt their strategies accordingly, considering both technical and fundamental factors shaping the USD/CHF trajectory. Our preference Short positions Below 0.88200 with targets at 0.85200 & 0.8400 in extension.
Short
by FOREXN1
3
Sell USDCHF Channel BreakoutThe USD/CHF pair on the H1 chart exhibits a bearish signal suggesting a potential decline in the coming hours. A recent downside breakout from a descending channel pattern could offer a shorting opportunity. Key Points: Descending Channel Breakout: The price has been trending downwards within a channel defined by two falling lines, one for resistance and one for support. This indicates ongoing selling pressure and potential for further decline. Sell Entry: Consider entering a short position around the current price near 0.8620, offering an entry point close to the breakout level. Target Levels: Initial bearish targets lie at the support levels of 0.8540 and 0.8470, marking previous support zones within the channel. Stop-Loss: To manage risk, place a stop-loss order above the resistance line of the broken channel at 0.8700 Fundamental Updates : Stronger Swiss Franc: The Swiss Franc has been gaining strength recently due to its safe-haven appeal amidst global economic uncertainties and geopolitical tensions. This could put downward pressure on USD/CHF. Thank you
Short
by KABHI_TA_TRADING
3
USDCHF Watch: PCE Numbers and Fed Policy ImplicationsIn today's trading session, we are closely observing USDCHF for a potential selling opportunity around the 0.86500 zone. The latest release of the Personal Consumption Expenditures (PCE) data revealed an increase of 0.2%, slightly surpassing the previous 0.1% reading and meeting the forecast of 0.2%. However, when comparing this to the trend of recent months, where we've seen fluctuations between 0.1% and 0.3%, it indicates a relatively modest inflationary pressure. This moderate uptick in inflation might raise concerns about the Federal Reserve's upcoming monetary policy decisions, particularly as it deliberates on tapering its asset purchases and potential interest rate hikes. Traders are likely to scrutinize this data closely, as any indication of subdued inflation could weigh on the USD and cast doubt on the Fed's hawkish stance in the near term.
Short
by JoeChampion
2
USDCHF:The Confluence of Trends and FundamentalsHey Traders, in today's trading session we are monitoring USDCHF for a buying opportunity around 0.85300 zone, USDCHF is trading an uptrend and currently is in a correction phase in which it is approaching the trend at 0.85300 support and resistance area. From a technical perspective, USDCHF exhibits a clear uptrend, and its current correction phase positions it near the critical support and resistance area at 0.85300. Traders will be closely monitoring this level for potential entry points. Now, let's add a fundamental layer to our analysis. Recent economic indicators, especially the Consumer Price Index (CPI), play a pivotal role in shaping currency dynamics. Examining the previous CPI figures (3.1%, 3.2%, 3.7%) in contrast to the latest readings (3.4%, 3.1%, 3.2%), we observe a nuanced inflationary pattern. This trend suggests a potential strengthening of the US dollar, aligning with the Federal Reserve's dual mandate of price stability and maximum employment. Considering the CPI data within the broader economic landscape, traders may anticipate increased speculation regarding the Federal Reserve's monetary policy. A growing inflationary environment could prompt the Fed to adopt a more hawkish stance, signaling potential interest rate adjustments in the future. This shift in monetary policy can significantly influence currency valuations, contributing to a possible strengthening of the USD against its counterparts. In conclusion, as we navigate the intricacies of the forex market, keeping a watchful eye on both technical and fundamental factors is essential. The alignment of a favorable technical setup with evolving fundamental narratives enhances the overall decision-making process for traders. Trade safe, Joe.
Long
by JoeChampion
12
EURCHF Forecast: Uptrend StrengthensIn tomorrow's trading session, our attention is on EURCHF as we identify a potential buying opportunity around the 0.93300 zone. EURCHF is currently trading in an uptrend, and amidst a correction phase, the price is approaching the key support and resistance area at 0.93300. Traders should consider this as a potential entry point for long positions, given the prevailing uptrend in EURCHF. The correction phase presents an opportunity to enter the market at a favorable price level near the 0.93300 support area. Trade safe, Joe.
Long
by JoeChampion
USDCHF:Identifying a Correction Phase and Potential selling ZoneHey Traders, In tomorrow's trading session, our attention is on USDCHF as we identify a potential selling opportunity around the 0.86700 zone. USDCHF is currently trading in a downtrend and is in the midst of a correction phase, making the 0.86700 level a crucial area of interest. As traders, it's essential to carefully analyze the price action in the vicinity of 0.86700, as it represents a key support and resistance area within the broader downtrend. This zone could serve as a strategic entry point for short positions, aligning with the overall market trend. Trade safe, Joe.
Short
by JoeChampion
Eurchf and Gchf bias to short Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Looking for shorts for both of these pairs, I have mentioned it towards the end of my last week's live stream. You can check it out. 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. *********************************************************************
Short
by Shadowing_The_Big_Boys
1
Swiss Franc can rebound up from support line to resistance levelHello traders, I want share with you my opinion about Swiss Franc. By observing the chart, we can see that the price started to trades in a downward pennant, where it first rebounded from the resistance line and made a strong downward impulse to the support line, thereby breaking 0.8720 and 0.8490 levels. But after this, CHF at once rebounded from the support line of the pennant, and made a short impulse up to 0.8490 support level, which coincided with the buyer zone, and soon broke this level. After the price some time traded near this level, it bounced and started to rise to the resistance level, which coincided with the seller zone and the resistance line of the pennant. When Swiss Franc reached this area, the price at once turned around and in a short time declined to support line of pennant. But a not long time ago, the price bounced and started to rise. So, I think that the Swiss Franc can fall to the support line, making a little correction, and then rebound up to the resistance level, thereby exiting from the pennant, pattern. For this case, I set my target at the 0.8720 resistance level. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
1
AUDCHF - Wait For The Bears 🐻Hello TradingView Family / Fellow Traders, On Daily: Left Chart AUDCHF is retesting a strong resistance zone so we will be looking for sell setups on lower timeframes. On H1: Right Chart 📈 For the bears to take over, we need a momentum candle close below the last major lower in gray. 📉 Meanwhile , AUDCHF would be bullish, and can still trade higher inside the resistance or even break it higher. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
by TheSignalyst
1
Navigating the Correction: GBPCHF's Uptrend and Key LevelsIn today's trading session, our focus shifts to GBPCHF, where we are exploring a potential buying opportunity around the 1.10 zone. GBPCHF, currently in an uptrend, is undergoing a correction phase and approaching the trend at the 1.10 support and resistance area. The technical perspective indicates that GBPCHF is exhibiting an upward trend, signaling a positive bias in the market. Traders considering this pair may find opportunities within the correction phase, especially around the critical 1.10 zone. It serves as a pivotal area where market participants may reassess their positions, potentially leading to trading opportunities. Analyzing price action, trendlines, and relevant technical indicators can offer valuable insights for traders interested in engaging with GBPCHF. As always, implementing effective risk management strategies is crucial for navigating market fluctuations and ensuring prudent trading decisions.
Long
by JoeChampion
HelenP. I CHF can break resistance level, but then turn aroundHi folks today I'm prepared for you Swiss Franc analytics. A few moments ago price declined to the resistance level, which coincided with the resistance zone, and at once bounced up and some time traded near. But soon, CHF started to decline and in a short time price fell until to trend line, thereby breaking 0.8695 and 0.8465 levels. After this, the price rebounded from the trend line and made impulse higher than the 0.8465 support level, breaking it again. As well price started to trades in a wedge, where CHF some time traded near the support level and later rebounded from it and tried to rise, but soon it made a correction to the trend line. Then Swiss Franc rebounded from this line and made impulse up to the resistance level, and even tried to break it, but failed and now trades below this level. For my mind, the Swiss Franc will break the resistance level and even rise to the resistance line of the wedge. But after this movement, I expect that the price can turn around and start to fall to the trend line, thereby breaking back this level again. So, for this reason, I set my target at the 0.8600 level. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
1
USDCHF to see a higher correction from 38.2% pullback?USDCHF - 24h expiry Levels close to the 38.2% pullback level of 0.8682 found sellers. Rallies should be capped by yesterday's high. Daily signals are mildly bearish. Short term MACD is moving lower. A higher correction is expected. We look to Sell at 0.8685 (stop at 0.8715) Our profit targets will be 0.8610 and 0.8580 Resistance: 0.8650 / 0.8685 / 0.8700 Support: 0.8633 / 0.8620 / 0.8600 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
Swiss Franc to R23.70 in 2024? InsaneAs we know. The rich get richer. The poor get poorer. Well a rich and sustainable economy like Switzerland (one of the most expensive countries to live) is showing major strength for the Swiss Franc. We are seeing a Cup and Handle form. The price broke above the brim level, came back down and jumped up. This conservative entry is where all the demand and buying kicked in for the CHF. So with the price above 200MA and with the upside momentum with CHF, we could see the target at R23.73
Long
by Timonrosso