Get started

Swissy

Will The USDCHF Breakout From an 8-Year Consolidation? This currency pair is featuring for the first time on our TradingView blogs. Current setup: Price is in a long-term consolidation dating back to 2011/2012. A break and close above resistance will suggest a breakout. Conclusion: Trading above the high of 2018 but standing aside until a breakout is confirmed after which we will look to place long trades. Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments! Sublime Trading
Long
by Sublime_Trading
No brakes for Swissy?By Andria Pichidi - April 23, 2019 USDCHF & EURCHF Swiss under-performance continues strongly. USDCHF and EURCHF’s impressive rally, now in its 5th week. This is the loftiest level seen since January 2017 and early November 2018 respectively. The CHF crosses have traded higher on each trading day bar since March 29, raising some suspicion of there having been tactical SNB intervention in the mix. SNB member Maechler earlier in the month said that while the Swiss economy remains dynamic and the global economy should remain solid, inflation pressures remain very weak and the environment is fragile, which continues to warrant expansionary monetary policy. EURCHF has continued with the cross printing a fresh trend high of 1.1460. The EURCHF cross has been seeing choppy directional impulses since the start of the year, often times characterized by bouts of pronounced underperformance in the Swiss franc that have often been accompanied by talk/suspicions of SNB intervention. No however direction in the medium term holds strongly to the upside, as the weekly Bollinger extending further to the upside and the weekly RSI crossed 50, looking to the upside. Hence the sharp incline doesn’t look reaching an end yet. The next Resistance levels to be watched is at 1.1490 (8-months Resistance and also the confluence of the 20-week SMA and 127.2 Fibonacci extension). Further gains could trigger the attention towards 1.1580 (June-September 2018 Resistance and 161.8 Fibonacci extension) USDCHF rose to a near 27-month high, after breaking the 1.0188 level. The sharp rally, reinforcing the possibility of a full retracement of more than 3 years losses, to 1.3400 high. As in the near term (check daily chart) the asset is traded outside the upper Bollinger Bands pattern , with RSI in the overbought territory, we could face small correction, with Support coming at 1.0160. However MACD in the daily and weekly timeframes is extending far above the signal line, indicating an increasing positive bias. The weekly RSI is at 64 sloping positively, suggesting that there is further upside space to be covered, while the asset is traded well above all three daily and weekly SMAs. Hence all the above suggest that the strengthening of positive outlook for USDCHF, and therefore the depreciation of Swiss franc, will continue. Next Resistance holds at 1.0250 (Monthly Bollinger Bands upper edge and January-February 2016 Resistance). Immediate Resistance is at 1.0200 . A break of 1.0250 level could open the doors towards the 1.0300-1.0330 area (FE100.00 and 3-year high area). Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
Long
by HotForex
USDCHF Trade IdeaWhen checking the D1 and W1 time frame I can see an ascending triangle pattern formed, equal highs but more specifically higher lows = bullish market structure Price may fall lower down to the trend line BUT IF price prints a buy signal on the yellow bar (50 and 61.8 fibo levels for recent bullish move, although small) I will look to buy My level of interest to buy at will be 0.99336 with SL below the previous swing low @ 0.98576 and Take profit higher up just below resistance @ 1.00496 As usual, don't bet the farm and exercise good risk management. For more info on exact entry and trade management feel free to follow me in Forex Bootcamp using the Telegram link below
Long
by Cmasterza
1
Swiss suffers, USDCHF at 3-month highBy Andria Pichidi - February 12, 2019 Swiss under-performance continues following yesterday’s sudden short-lived drop, which might have been caused by the lack of liquidity. Today’s collapse however has come from US Dollar demand. News that US lawmakers have reached an “agreement in principle” on border security that would avert another government shutdown at the end of the week has been tonic for USD, along with optimism about the US-Sino trade talks and the positive reports from Michelin underpinning sentiment. As SNB Chairman Jordan stated, the biggest concerns for 2019 are “political mistakes,” pointing to the US-China trade war and “Brexit and the European situation”. These along with the evident slowing in the Eurozone economy have been a factor in making the US currency a relatively attractive proposition and safe-haven flows into the Dollar have been underway for the week. Nevertheless, there has been underperformance in the Swiss franc, often accompanied by talk/suspicions of SNB intervention since early January. USDCHF rose to a near 13-week high of 1.0098. EURCHF has settled to a consolidation in the mid-to-high 1.1300s after printing a two-week low at 1.1310. The Dollar has entered a consolidation after a run of 8 consecutive up days by the measure of the narrow trade-weighted USD Index, which is the most sustained rally the index has seen in 2 years. USDCHF has been in a consolidation mode since April 2018, within 0.9540-1.0128 range, with the 2019 rally reverting nearly all losses seen since November peak. The asset is trading above 1.000 level for a second day, reinforcing the possibility of a full retracement to 1.0128 high. If on the breach of this level, momentum indicators continue to be configured positive, then this could open the doors towards the nearly 2-year’s peak, at 1.0169. Daily RSI is at 67, looking upside, while MACD oscillator formed a bullish cross last week and continues rising above signal line. Both suggest the strengthening of positive outlook for USDCHF, and therefore the depreciation of Swiss franc. Support holds at yesterday’s low (0.9988) and the round 1.0000 level. Come join us today at HotForex Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
Long
by HotForex
1
Elliott wave Analysis: USDCHF Intra-day UpdateHi traders, let's start the day with USDCHF. USDCHF unfolded a nice five-wave rally up from 0.971 level, which we labelled as wave 1 that is part of a bigger, five-wave cycle. The drop that followed from the 0.999 level can now be labelled as leg a, first wave that is part of a higher degree correction, which can as a whole (wave 2) look for support near the 0.989-0.986 region. At the mentioned area, a bullish continuation may follow. Also keep an eye on invalidation level; if we drop below 0.9717 then this count would be invalidated.
by ew-forecast
AUD/CHF reaching a confluence zoneI have to credit user BenWright21 with this idea: Currently, the daily time frame is in the midst of a H & S pattern and has seen nice follow through the .718 level. If price continues to climb, the .7325 zone is the level to watch for a pull back. Not only do we have a sizable gap zone from Dec 2nd, it also happens to coincide with a massive downward trend line (see weekly for more detail). The Ozzie had a strong showing this week thus far, but remains fundamentally weak. Yes, Chinese PMI and Australian CPI did beat consensus estimates, but the overall forecast remains uncertain at best for the currency. Feb 4th will surely provide volatility and direction with the release of the RBA's interest rate decision. Meanwhile, the CHF was slammed on the news front this week, hitting below expectations on the KOF indicator and ZEW survey reports. The Swissy is down broadly this week barring an end of the week push. In summary, I expect an AUD sell off next week all things remaining equal. The nearest supply/demand zone ranges are wide, so patience will be necessary. Wait for confirmation @ the .7325 zone to the downside and execute a sell. Assuming .7325 is your average price you can set stop losses @ or between the .737 - .74 levels depending on your tolerance. If everything goes correctly, you could be eyeing over a 300 pip move with a generous R:R.
Short
by en1gm9t-c
USDCHF - Position Outlook - W1Looking here at the Swissy, a pair not long added to my watch list, I'm already short USDCHF from the open earlier today. For me the this could perhaps be one of those times where the fundamental analysis and the technical analysis seem to match up rather nicely. IMO the USD will continue to weaken over the coming weeks, and paired with a nice rejection candle from the underside of the 'recently' broken monthly trend line, leads me to be looking for further downside in this pair. If we continue to see this play out as above, then I'd be looking for targets in and around the area of the yellow/orange horizontal line on the chart. As you can see we broke above the bearish weekly trendline from 2017 once before, and I would like to see another test of this from the other side to see whether or not it holds. As the trade war evolves as well, the Swiss Franc could benefit from some more risk off type of trading environment. As always lets see how this plays out.
Short
by bmck1