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Longusdchf

(USD/CHF) - Is SNB Rate Cut Bullish or Bearish?🔔🔔🔔 USD/CHF news: 👉Switzerland’s inflation outlook remains highly uncertain, with downside risks being the primary concern. Inflation in Switzerland has evolved in line with expectations and continues to be driven mainly by domestic services. 👉The situation will be closely monitored, and policy adjustments will be made if necessary. Assessing the impact of current tariffs and trade policies remains challenging. 👉Europe’s financial stimulus package is expected to benefit the Swiss economy. With this measure, monetary conditions are now appropriate, and there are no comments on the value of the Swiss franc. 👉Economic uncertainty remains high, both in positive and negative directions. This rate cut is designed to proactively address deflationary pressures. Personal opinion: 👉Based on the interest rate policies of both central banks, in the short term, CHF is weaker than USD in many aspects, so USD/CHF may increase during this period. 👉Technically, RSI (1H) is entering the extreme overbought zone (near 80), so there will be a slight decline to adjust for the next increase. Consider strong support zones to get the best price 👉Analyze based on resistance - support levels combined with EMA and RSI to come up with a suitable strategy Plan: 🔆 Price Zone Setup: 👉Buy USD/CHF 0.8810- 0.8800 ❌SL: 0.8775 | ✅TP: 0.8850 – 0.8890 – 0.8930 FM wishes you a successful trading day 💰💰💰
Long
by FM-ForexMastermind
1
USD/CHF Trend This Week - UptrendUSD/CHF news: 🔆The USD/CHF pair continued its upward momentum, reaching 0.9000 in early European trading on Thursday. However, it is now showing signs of a potential pullback as the 1-hour RSI approached the overbought threshold of 80. 🔆On Thursday, data revealed that the second estimate for the US Gross Domestic Product (GDP) in Q4 2024 remained unchanged from the initial forecast, reflecting an annualized growth of 2.3%. Meanwhile, US jobless claims rose by 22,000 to 242,000 for the week ending February 22, marking the highest level in three months. 🔆Given this backdrop, the US Dollar is likely to maintain its strength across the board, keeping downward pressure on USD-denominated commodities. Additionally, Switzerland’s latest Retail Sales y/y data came in at 1.3%, falling short of the expected 1.6%, which could signal bearish sentiment for the Swiss Franc. Personal opinion: 🔆The USD/CHF pair is still in an uptrend, however, the RSI (1H) of USD/CHF and DXU both signaled divergence after entering the overbought zone. So in the short term, there will be a slight pullback and then an increase for this pair. Analysis: 🔆Based on the resistance - support levels and important Fibonacci levels combined with SMA200 to come up with a reasonable strategy. Plan: 🔆 Price Zone Setup: 👉Buy USD/CHF 0.8980 – 0.8990 ❌SL: 0.8950 | ✅TP: 0.9025 – 0.9050 – 0.9090 FM wishes you a successful trading day 💰💰💰
Long
by FM-ForexMastermind
1
USDCHF approaching resistance, potential for downsidePrice is facing bearish pressure and is likely to resist off horizontal overlap resistance which is in line with 61.8% Fibonacci extension. Price will then take support at 0.91631 which coincides with 88.7% Fibonacci retracement, 127.2 Fibonacci extensions as well as horizontal swing low support. Alternatively, the price could break the overlap resistance rise to graphical swing high resistance at 0.92715. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Short
by FXCM