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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
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