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Usd-chf

USDCHF 10/9/23UC we got a nice tap in to our swing range POI last week which was telling us buy side movements are likely, now from here we are looking to see the high taken, we hit a pretty key level (c-swing poi) from there we closed out for the weekend, from open we are still looking for the high to be ran so keep this in mind as we head into our new week. 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 rosshayes
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
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 remains in a corrective channel.USDCHF - 24h expiry Trading within a Corrective Channel formation. A higher correction is expected. Short term momentum is bearish. Prices expected to stall near trend line support. Trend line support is located at 0.8780. We look to Buy at 0.8784 (stop at 0.8754) Our profit targets will be 0.8854 and 0.8874 Resistance: 0.8840 / 0.8860 / 0.8876 Support: 0.8821 / 0.8800 / 0.8780 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 - Oh Look! A Channel...USDCHF is in a steady decline within a channel. We appear to be in a leading, which is made up for 5 waves consisting of 3subwaves each. We are in wave 4 now and looking for the final 5th wave lower We are approaching the channel resistance and the 38.2 fibonacci. Expecting a rejection here. Trade Idea: - Watch for rejection at the channel - Risk entry on rejection of channel - Safe entry on break of the red trendline - Targets: 0.855 (350pips), 0.83 (550pips) Goodluck and as always, trade safe!
by WicktatorFX
8
CADCHF LONG/ BUY🔰 Pair Name : CAD/CHF 🔰 Time Frame : 4H/ DAILY 🔰 Scale Type : MID Scale 🔰 Direction : Long/ Buy 📈 Comprehensive Fundamental and Technical Analysis Update 📊📉 Over an extended time frame, the prevailing price action underscores a consistent consolidation pattern, confined within the well-defined range of 0.6480 to 0.6610. Our perspective remains firmly inclined toward a bullish trajectory, in alignment with the unwavering determination of the Federal Reserve to execute a series of deliberate interest rate hikes. This strategic approach seeks to effectively counteract impending inflationary pressures, with heightened emphasis on the latter half of 2023. Anticipating a notably robust performance from the Canadian Dollar (CAD), contrasted by the comparatively subdued Swiss Franc (CHF), it is imperative to maintain vigilant awareness of potential interventions that the Swiss National Bank (SNB) might introduce, potentially influencing the dynamic behavior of CHF. 🛢️ Noteworthy is the imminent conclusion of the oil price retest phase, positioning it for a forthcoming upward trajectory. This element introduces an additional layer of complexity to our analysis. However, it remains pivotal to acknowledge the lingering potential for SNB intervention, which retains its significance in shaping the CHF landscape. 🔍 Elaborating on our recent correspondence pertaining to the CAD/CHF pair, a discernible disparity has emerged, prominently depicted on the daily chart. This incongruity serves as a fundamental facet within the operational framework of a robust market, as historical precedent underscores the tendency for such divergences to eventually reconcile, consequently fostering the accumulation of liquidity within the market environment. Prudent and judicious decision-making should be exercised in your trading pursuits! 📈📉👍
Long
by Moon_SmartMoney
USDCHF - The Trend Is Your Friend 🤝Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. USDCHF has been overall bearish trading inside the falling channel in blue, however it is currently approaching around the upper trendline. Moreover, the zone 0.885 is a strong resistance zone. 🏹 So the highlighted blue circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper blue trendline. As per my trading style: As USDCHF approaches the blue circle zone, I will be looking for bearish reversal setups (like a double top 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
Short
by TheSignalyst
7
🔥 NEW: USDCHF 🔥 UT SWING 🔥SLO @ 0.9085 TP4 @ 0.9070 TP3 @ 0.9020 TP2 @ 0.8915 TP1 @ 0.8850 BSO @ 0.8785 The USDCHF pair has historically held the highest rated positive correlation to the DXY. The correlation coefficient between these two pairs is typically around +0.90, which means that they move in the same direction most of the time. This is because the Swiss Franc is seen as a safe haven currency, and when investors are looking for safety, they tend to buy USD/CHF. Timeframe Average ATR 1D 70 pips 4H 40 pips 1H 27 pips 30M 17 pips 15M 13 pips 10M 11 pips 5M 9 pips 1M 11 pips
Long
by ProfessorCEWard
USDCHF remains in a slight uptrend.USDCHF - 24h expiry Our short-term bias remains positive. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. 50 4-hour EMA is at 0.8769. The sequence for trading is higher highs and lows. Remains bullish while above last week's low. We look to Buy at 0.8771 (stop at 0.8739) Our profit targets will be 0.8851 and 0.8871 Resistance: 0.8814 / 0.8828 / 0.8850 Support: 0.8790 / 0.8770 / 0.8750 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