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Shortusdchf

USD/CHF falls after disappointing CPI news🔔🔔🔔 USD/CHF news: 👉USD/CHF is in a sustained downtrend after breaking below key dynamic support levels such as the 100- and 200-day SMA. In addition, the pair has been making a series of consecutive lower highs and lower lows, suggesting that sellers may be taking control. 👉Disappointing US CPI data and previous weak news have added to the weakness of the US Dollar. Personal opinion: 👉USD/CHF is likely to continue its bearish momentum in the near term. 👉However, DXY is recovering to the upside for the second consecutive day. RSI (1D) shows signs of increasing again after entering the oversold zone 👉Consider Sell at the retest zone of 0.8850 because this is a strong resistance area and safer Analysis: 👉Based on the resistance - support levels and Pivot points combined with SMA to come up with a suitable strategy Plan: 🔆 Price Zone Setup: 👉Sell USD/CHF 0.8855 – 0.8870 ❌SL: 0.8900 | ✅TP: 0.8810 – 0.8765 – 0.8720 FM wishes you a successful trading day 💰💰💰
Short
by FM-ForexMastermind
1
USD/CHF Trading Trend Today - Is the Downtrend Continuing?🔔🔔🔔 USD/CHF news: 👉The February labor market report in the US closely matched expectations, with job growth reaching 151K (forecast: +160K, previous: +143K). Despite the recent layoff of 30,000 public sector workers and a decline in labor supply due to stricter immigration policies set for this summer, employment gains remain solid. The unemployment rate inched up to 4.1% in February from 4.0% in January. Overall, the report did not indicate immediate risks of recession or economic overheating, although other indicators have recently suggested a gradual softening of the US economy. 👉On the geopolitical front, Trump has proposed the possibility of imposing significant new US sanctions and tariffs on Russia to push for peace negotiations regarding Ukraine. Meanwhile, US and Ukrainian officials are set to meet in Saudi Arabia this week, with hopes that these discussions will yield better results than President Zelenskyy's recent visit to the White House, which led to the US halting military aid and intelligence support for Kyiv. Personal opinion: 👉In the long term, President Trump's tariff policy still poses many risks and has a negative impact on the USD 👉Technically, the RSI indicator in most frames has entered the oversold zone and is showing signs of convergence. This signals a short-term upward correction for this currency pair 👉At the same time, DXY is also recovering in an upward direction after meeting a strong support level today Analysis: 👉Based on SMA and important resistance - support levels combined with pivot points standard to come up with a suitable strategy 🔆 Price Zone Setup: 👉Sell USD/CHF 0.8860 - 0.8870 ❌SL: 0.8905 | ✅TP: 0.8820 - 0.8780 - 0.8740 - 0.8700 FM wishes you a successful trading day 💰💰💰
Short
by FM-ForexMastermind
1
USD/CHF trend todayUSD/CHF news: 👉The USD/CHF pair continues its recovery from the mid-0.8800s—its lowest level since December 12—gaining upward momentum for the second consecutive day on Thursday. During the Asian session, spot prices climb back above the 0.8900 level, although the upward movement remains limited due to ongoing bearish sentiment surrounding the US Dollar (USD). 👉The US Dollar Index (DXY), which measures the USD against a basket of major currencies, has dropped to a four-month low amid growing expectations that the Federal Reserve (Fed) will implement multiple interest rate cuts this year. These expectations were reinforced by Wednesday's weak ADP report, which revealed that private-sector employers added only 77K jobs in February. Additionally, concerns persist that trade tariffs imposed by US President Donald Trump could significantly slow the US economy, further weighing on the dollar. 👉However, a notable rebound in US Treasury bond yields helps further curb USD declines. Additionally, the risk-on sentiment in equity markets weakens demand for the safe-haven Swiss Franc (CHF), offering some support to the USD/CHF pair. Nonetheless, traders may wait for stronger buying momentum before confirming a near-term bottom and anticipating further gains. Many may also remain cautious ahead of Friday’s release of the US Nonfarm Payrolls (NFP) report. Personal opinion: 👉USD/CHF will reverse lower after the bullish momentum gradually weakens and is replaced by less positive economic news for the USD. Analysis: 👉Rely on important resistance - support and Fibonacci levels combined with EMA to come up with a suitable strategy Plan: 🔆 Price Zone Setup: 👉Sell USD/CHF 0.8920 – 0.8930 ❌SL: 0.88960 | ✅TP: 0.8860 – 0.8820 – 0.8770 FM wishes you a successful trading day 💰💰💰
Short
by FM-ForexMastermind
1
Will the USD/CHF trend continue to decline?USD/CHF news: 👉The USD/CHF pair rose to near 0.8950 on Wednesday in early European trade, snapping a four-day losing streak. The greenback rebounded from an 11-week low as the Federal Reserve’s cautious approach helped limit the greenback’s losses. 👉Meanwhile, a 0.5% rise in the benchmark 10-year Treasury yield also contributed to the greenback’s strength 👉However, weak consumer confidence data from the Conference Board could dampen investor sentiment and put selling pressure on the greenback. Together with other disappointing economic indicators, this has reinforced expectations for two 25 basis point rate cuts by the Fed this year, with the next one expected in July. Personal opinion: 👉USD/CHF remains bearish in line with the main trend. There will be a correction to the upside due to the rise in US 10-year bond yields but this is an opportunity for sellers to jump in at better prices Analysis: 👉Based on important Fibonacci levels and trend lines combined with fundamental information to come up with a suitable strategy Plan: 🔆 Setting up the price zone: 👉Buy USD/CHF 0.8960 – 0.8970 ❌SL: 0.9010 | ✅TP: 0.8920 – 0.8880– 1.0600 FM wishes you a successful trading day 💰💰💰
Short
by FM-ForexMastermind
1
USD/ CHF !! 1/9/2024 trendline DOWN⭐️ Smart investment, Strong finance ⭐️ News Investors will be looking for guidance from the Swiss Consumer Price Index for December, which is scheduled to be released later today. Analysts expect the annual CPI to indicate a growth of 1.5% compared to the previous reading of 1.4%, while the monthly CPI is predicted to remain unchanged at -0.2%. The main event to watch out for this week will be the release of US inflation data on Thursday. Market participants anticipate that the headline Consumer Price Index (CPI) will show a year-on-year increase of 3.2%, while the Core CPI is projected to decrease from 4% to 3.8% year-on-year. ⭐️ Personal comments NOVA: The price area touching the trendline and touching the EMA is suitable for a SELL signal ⭐️ SET UP USD/CHF PRICE: 🔥SELL zone: 0.84750 - 0.84900 SL 0.85300 TP1: 0.84400 TP2: 0.84100 TP3: 0.83800 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
Short
by Nova-Scalper
2
Prepare for the drop of US Dollar!!!In this analysis, waoh, in the latest analysis of there I send a short signal that my position was in the 0.9060, then, we are in short anysequenze, well, in that case, this could be a great entry in short just hoping a red candlestick next in formed, we need to wait the next 4 to 12 hours to confirm and going to short position in this par. I am still awaiting for a good short entry, I will going to send you a message to entry here!!! We expect a profit of over 250 pips. Rememebr that US Dollar has a bad fundamentals for the US economy and we are in short position, not put any long position for fundamentals.
Short
by harisonhbn9718
USDCHF shortALOHA traders! Hope you all had a dominating and profitable end of April! Here's a two trades, one that that I missed getting into but was able to capture a second minor move down where I was hoping for it to break down. The position I got in only lasted for less than a day, 14 hours with a manual close of +.73%. I was okay with closing it as I didnt want to hold through the battle of high spreads and instead wait for a pullback for a better, long term short entry. However, if price continues to move upward and meet the 4hr 50ema, we may see a bull but not consireidng entering any bull positions at this time as other pairs are looking better. This is what I saw at the beginning of the week that was so beautiful I had to share an ascending triangle in action! Daily - had a beautiful ascending triangle with a triple top at a resistance area. 4hr - Within the ascending triangle, and ascending channel with lower highs took place creating a correcting pattern that had potential to break up or fall out of the acceding channel. A break of the 4hr 50 ema was a good sign for me to get in. 1HR - As price was hovering around the 1hr 50ema and still hovering within the ascending channel, I placed a virtual entry order(not on my real account). original entry was at 50 pips and potential target of recent significant low level for 2%. Will be keeping my eye on this one for this week as well. Other than that, I've been slow with my trading with only 10 trades this entire month ending at just over Break Even for the month which I am indecent about. There's always profit left on the table but t the same time, very happy with how I've performed over this entire coronavirus situation. I hope this provided some encouragement, enlightenment and down right motivation for you all reading. Mahalo! May you have a profitable week and even better month! Let's do this MAY!
Short
by Reid_Hicks