FX Wars Episode 5 - The (USD) Empire strikes back!I go long the USD vs CHF here from 0.843.
I give the trade a high probability of 80% to be a winner, lets see!
Once upon a time in an FX universe far, far away...
The (supposedly) evil US(D) empire was pushed to the brink of defeat by the CHF rebellion, but "something" suddenly happened...
...life stirred into the USD again and it was sent back to fulfil its task (the bondage of all other currencies).
What that "something" was I will unravel after the (profitable) end of this trade.
USD facts:
- The market is pricing in almost 7 rate cuts for 2024
-> this is diametrically opposed to the expectations of the FED members, who expect a total of 3 rate cuts for 2024
- Is the market once again too euphoric here and is frontrunning itself with possible rate cut fantasies?
-> I would like to leave this question open for now, as I also expect more than 3 interest rate cuts by the FED in 2024
But the fact is: market expectations can only be fulfilled if either
A) there is a recession in the USA and or
B) inflation permanently falls below the 2% mark
CHF view:
The SNB is currently on Christmas holiday and is probably letting loose while skiing in the Swiss mountains followed by apres-ski party hits.
But as soon as the party is over and the hangover is felt all the harder in the new year, the Swiss National Bank will have a heart attack when it looks at the value of the franc.
-> It is now more "overvalued" than it was during the corona crisis, when the SNB had to intervene to actively weaken the CHF
- Now these are completely different circumstances under which the SNB has to operate and yet it can be anything but satisfied with the strength of the franc...
More on this later in the comments...
Usdchf!
SHORT USD/CHF from .9040Apround the 13th March the price of USD/CHF broke through the key 200 EMA on the H1 time frame. Around the 20th March, the price returned to the 200 and this acted as solid support.
AT the end of last week, we saw the price return to the 200 and make several attempts to break through. Although these BEARISH breaks were successful they were met with determined BULLISH replies and price moved back above the 200 but did not make any further progress north.
A look at the charts currently (13:30 9/4/24) sees the price of USD/CHF being squeezed back under the 200 by the 100, 50 and 25 EMA.
This is significant.
This indicates that USD/CHF are losing the battle to holf the 200 and I~m now in SHORT from .9040.
Currently (on H1 time frame) the 25 50 and 100 EMA's are reading .9018/.9021/9016 and I expect/anticipate that we'll see the 25, 50 and 100 EMA's begin to cross over each other (south) and in an hour or two we will see the faster EMA's start attacking the 200 which would be very BEARISH for USD/CHF.
Adding to this anlaysis is:
a). price is now under the 200 EMA.
b). RSI declining
c). Fast and slow MACD lines crossing south over the zero line
d). Andean Oscillator red SELL line rising as the green BUY line declines.
All in all its hard to see where USD/CHF can go other than south from these levels.
Strifor || GOLD-Week StartingPreferred direction: BUY
Comment: Metals continue to be in the top news amid a new all-time high for gold . This metal remains a strong buy-priority at the beginning of this week, and a new high is expected before the long-awaited correction. It should be noted that in the longer term, one can continue to accumulate a short position, following all the rules of risk and money management.
Regarding the shorter term and especially the coming week, we will most likely see another strengthening of gold towards the level of 2400 . At the same time, towards the end of the week, after the publication of key data, we can expect the start of a correction. We have targets for the fall at the level of 2280 , but the level may change during the week.
Additional comments on this trade will be provided as situation changes. Follow us!
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USDCHF continues to hold back the bears.USDCHF - 24h expiry
0.9000 continues to hold back the bears.
We look to buy dips.
Posted a Double Bottom formation.
0.8998 has been pivotal.
Daily signals are bullish.
We look to Buy at 0.9003 (stop at 0.8977)
Our profit targets will be 0.9068 and 0.9078
Resistance: 0.9060 / 0.9075 / 0.9095
Support: 0.9040 / 0.9020 / 0.9000
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.
USDCHF, the previous S/R levels.USDCHF / 1D
Hello Traders, welcome back to another market breakdown.
USDCHF is trading in a downtrend. However, the price bounced back from a Macro level which sent the price up changing the current trend.
Probability suggests we get at least a few more sideways for now down then another leg higher.
Check out the chart for what I'll be waiting for after price action confirmation on LTF.
Trade safely,
Trader Leo.
USD/CHF Consolidation and Potential Sell OpportunityThe USD/CHF currency pair currently shows signs of entering a consolidation phase, indicating a period of price stability and reduced volatility. Traders observing this consolidation pattern may seek potential trading opportunities as the market prepares for its next directional move.
Trade Recommendation:
Considering the current market conditions, traders may consider a sell position on the USD/CHF pair. This potential trade setup suggests entering a sell position when the price of the pair drops below the 0.89980 levels.
Disclaimer:
It is important to note that all trading decisions should be made with careful consideration of one's own risk tolerance, financial situation, and trading strategy. This analysis is provided for informational purposes only and does not constitute financial advice. Trading foreign exchange (forex) and other financial instruments involves significant risk, and past performance is not necessarily indicative of future results. Traders should conduct their own thorough analysis and seek advice from qualified financial professionals before making any trading decisions. The author and publisher of this analysis do not accept any liability for any loss or damage resulting from reliance on the information provided herein.
Rising toward 1st resistance USDCHF has just bounced off the pivot and could potentially rise to 1st resistance
Alternatively, if price breaks below the pivot, it could continue to fall to another support level
Pivot: 0.9025
Support: 0.8996
Resistance: 0.9056
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
USDCHF: Bullish Move From Support 🇺🇸🇨🇭
USDCHF formed a cup & handle formation after a test of a key horizontal support.
At night, the neckline of the pattern was broken.
It indicates the strength of the buyers and a highly probable bullish continuation.
Goals: 0.9057 / 0.907
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USDCHF M15 I Bearish reversalBased on the M15 chart analysis, we can see that the price is rising toward our sell entry at 0.9050, which is a pullback resistance that aligns with the 61.8% Fibo retracement,
Our take profit will be at 0.9007, a swing-low support level.
The stop loss will be placed at 0.9095, a swing-high resistance level
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
EURUSD M30 I Potential bullish reversal Based on the m30 chart analysis, we can see that the price is falling to our buy entry at 1.0811, which is a pullback support.
Our take profit will be at 1.0846, a pullback resistance.
The stop loss will be placed at 1.0777, which is a pullback support level that is close to the 61.8% Fibo retracement
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
USDCHF Massive Short! SELL!
My dear subscribers,
This is my opinion on the USDCHF next move:
The instrument tests an important psychological level 0.9060
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 0.8999
My Stop Loss - 0. 9092
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
Swiss Franc can exit from pennant and try to break support levelHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price some time ago broke the support level, which coincided with the buyer zone and rose a little higher, after which CHF made a retest to the 0.8840 level. Then, the price entered an upward pennant and made at once strong impulse up from the support line to the current support level, which coincided with the support area, but when CHF reached this level, it made a fake breakout and fell below. After this, the Swiss Franc in a short time rose back to the 0.9000 level and broke it, after which continued to move up. But soon, the price rebounded down to the support area, where it some time traded and then rose to the resistance line of the pennant. Next, CHF turned around and declined back to the support area, where at the moment, it continues to trades near the support level and line of pennant. In my opinion, the Swiss Franc can rise from the support line to almost the resistance line of the pennant and then rebound down to 0.8935 points, thereby exiting from this pattern and breaking the current support level. Please share this idea with your friends and click Boost 🚀
Fundamental Factors: SNB vs. Federal Reserve DynamicsGreetings Traders,
In tomorrow's trading session, our focus is on USDCHF, with a keen eye on a potential buying opportunity around the 0.90000 zone. Currently, USDCHF is entrenched in an uptrend but undergoing a corrective phase, nearing the significant support-turned-resistance level at 0.90000.
Adding depth to our analysis, a fundamental layer underscores our bullish stance on further upsides for USDCHF. One primary factor driving this conviction is the contrasting monetary policies between the Swiss National Bank (SNB) and the Federal Reserve.
In the United States, inflation remains a pressing concern, prompting the Federal Reserve to maintain a vigilant stance. This commitment to combating inflation is expected to lend support to the US Dollar.
Conversely, the SNB has adopted a dovish stance, particularly in response to easing inflationary pressures in Switzerland. This dovish approach may entail accommodative monetary policies, such as maintaining negative interest rates or intervening in currency markets to curb Swiss Franc strength.
Given this backdrop, the divergence in monetary policy trajectories between the two central banks is likely to favor USDCHF bulls. The combination of a proactive Federal Reserve and a dovish SNB sets the stage for potential appreciation in the USDCHF pair.
As always, thorough risk management and adherence to trading strategies are paramount in navigating market dynamics. Wishing you success in your trading endeavors!
Last Leg (Update) - USDCHF Year So FarHey everyone!!
Here I talk about USDCHF and give a little update on my Trade Idea "Last Leg To The Finish Line"
Since it went over so well and continuing to follow suit, I wanted to do a Video Update on the idea to give a little insight on what I was seeing as the pair unfolded for the year and what I'm looking for in the near future!!
Please let me know what you think and thank you so much for all the Support!!
.. It all started with a little Double Bottom on the Hourly Chart
Uchf seeing potential topping off from D1 key zoneHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Potential flipping on the h4, if it doesn't probably gonna continue its upwards move. Watch on its crosses too .
Do check out my stream video for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
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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.
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USDCHF to breakdown?USDCHF - Intraday
The bearish engulfing candle on the 4 hour chart is negative for sentiment.
0.8999 has been pivotal.
A break of bespoke support at 0.9000, and the move lower is already underway.
We look for losses to be extended today.
A higher correction is expected.
We look to Sell a break of 0.8998 (stop at 0.9030)
Our profit targets will be 0.8918 and 0.8908
Resistance: 0.9030 / 0.9050 / 0.9070
Support: 0.9000 / 0.8970 / 0.8945
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.
Bearish Drop USDCHF is rising toward the pivot point and could potentially fall to a support level
Alternatively, if price breaks above the pivot, it could continue to rise to the next resistance level
Pivot: 0.9037
Support: 0.9003
Resistance: 0.9069
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.