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Chf

USDCHF Channel Up prevailing for now. Buy the dip.The USDCHF pair broke last week above the 1 year Channel Down and closed above the 1D MA100 (green trend-line) for the first time since November 09 2022. The price action has now completed five 1D candles above the 1D MA100 and the pattern that seems to be prevailing is a Channel Up (blue). With the 1D RSI hit 67.00, almost turning overbought, so our intension is to wait for a Higher Lows (dashed trend-line) pull-back and buy the dip, targeting the 1D MA200 (orange trend-line) at 0.9000. If the price closes a 1D candle below the 1D MA50 (blue trend-line), we will take the loss and turn bearish instead long-term. The target will be 0.83650 representing a -4.73% decline from the 1D MA50, which has taken place another 3 times already within this long-term Channel Down. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
1
Potential turning for Audchf?Watching it closer on h1 for next week... **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! 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. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
Short
by Shadowing_The_Big_Boys
USD/CHF Gains Momentum Amid Positive US Data and Trade Dev...USD/CHF Gains Momentum Amid Positive US Data and Trade Developments Introduction The USD/CHF pair continues its ascent, trading in positive territory for the third consecutive day. A combination of factors, including encouraging US economic data and an extension of tariff exemptions in US-China trade relations, has contributed to the pair's recent momentum. In this article, we'll delve into the key drivers influencing the USD/CHF pair's movement and the potential implications for the future. Positive US Economic Data The USD/CHF pair has seen a boost in recent days, thanks in part to upbeat economic data coming out of the United States. Notably, the Institute for Supply Management (ISM) reported that the US ISM Services Purchasing Managers' Index (PMI) rose to 54.5 in August, surpassing the previous month's reading of 52.7 and beating market expectations of 52.5. This figure represents the highest PMI reading since February, signaling a robust expansion in the US services sector. This positive data has bolstered confidence in the US economy, supporting the strength of the US dollar. US-China Trade Developments Another factor contributing to the USD/CHF pair's performance is the extension of China's "Section 301" tariff exemptions on specific imports until December 31. Originally set to expire on September 30, this extension provides additional time for consideration under a statutory four-year review. This decision indicates a willingness to maintain a more stable trading relationship between the US and China. However, it's worth noting that any renewed trade tensions between the two nations could benefit the safe-haven Swiss Franc (CHF) and pose a headwind for the USD/CHF pair. Swiss Economic Challenges On the other side of the equation, the Swiss Franc (CHF) has faced challenges stemming from downbeat economic data. Switzerland's Gross Domestic Product (GDP) for the second quarter showed stagnation, with a QoQ growth rate of 0.0%, falling below market expectations of 0.1%. The annual growth rate remained at 0.5%, meeting expectations but indicating a lackluster performance. These economic headwinds have weighed on the CHF, making it less attractive in comparison to the strengthening US dollar. Upcoming Data and Conclusion As the week progresses, market participants will closely monitor key US economic releases, including weekly Initial Jobless Claims and Unit Labor Costs for Q2. These figures will likely play a crucial role in shaping the USD/CHF pair's direction. With a dearth of significant economic data releases from Switzerland in the near term, the dynamics of the USD will continue to be the primary driver for the USD/CHF pair. In conclusion, the USD/CHF pair's recent gains can be attributed to positive US economic data and trade developments. However, the pair remains sensitive to shifts in sentiment surrounding US-China relations. As traders await further economic indicators and developments, the USD/CHF pair will continue to navigate these factors in the days ahead. Our preference Long positions above 0.8895 with targets at 0.8945 & 0.8960 in extension.
Long
by FOREXN1
5
USDCHF to unshackle from the corrective channel?USDCHF - 24h expiry Broken out of the channel formation to the upside. Short term bias has turned positive. A later dip lower was met with further buying interest and prices settled higher to post a positive day. A lower correction is expected. We look to buy dips. 20 4hour EMA is at 0.8862. We look to Buy at 0.8862 (stop at 0.8834) Our profit targets will be 0.8932 and 0.8952 Resistance: 0.8903 / 0.8925 / 0.8950 Support: 0.8881 / 0.8865 / 0.8840 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.
Long
by OANDA
USDCHF 3/9/23 UC has carried is bullish trend over again into another bullish swing trade setup so we have reason not to follow this into higher prices, now we do have a direct correlation with our other USD pairs as we are now shifting bullish so really expecting the same as the last few markups we dropped, overall C-swing poi already showing us a clean move lower so we now just have to wait for this to drop to our entry zone to long this pair higher! Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
by PipSurfingSociety
Chfjpy holding current band should have more upside if reversedWill be looking at h1 to go on long. **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! 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. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
Long
by Shadowing_The_Big_Boys
1
AUDCHF Buy signal within the Channel Down.The AUDCHF pair has been trading within a Channel Down pattern since the January 27 2023 High. The price is currently on a 2-week rise and following the completion of a 1D MACD Bullish Cross, it can extend to at least the 0.382 Fibonacci level based on the previous two Lower Lows of the Channel Down. As a result, we are targeting 0.58200, which would also make a technical contact with the 1D MA100 (green trend-line). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
8