USDCHF Targets Upside Amid NFP, CPI, and Geopolitical FactorsAttention Traders,
In today's trading session, our focus is on USDCHF, where we're eyeing a potential buying opportunity around the 0.90800 zone. USDCHF maintains an upward trajectory, presently undergoing a correction phase as it approaches the pivotal support and resistance area at 0.90800.
Adding depth to our analysis, let's incorporate the fundamental landscape. The escalation of tensions in the Middle East has bolstered demand for the US dollar, historically considered a safe-haven currency during geopolitical uncertainties. Consequently, this increased demand for USD may contribute to the upward momentum of USDCHF.
Furthermore, it's imperative to consider the Federal Reserve's monetary policy stance amidst strong economic indicators. The recent robust Non-Farm Payrolls (NFP) and Consumer Price Index (CPI) data suggest a resilient US economy. In response to these positive indicators, the Federal Reserve may adopt a hawkish stance in its upcoming meeting, further supporting the strength of the US dollar.
Taking into account these fundamental factors alongside the technical uptrend, the potential buying opportunity in USDCHF around the 0.90800 zone presents an attractive proposition for traders.
Trade wisely,
Joe
Usdchf!
USD/CHF BEARS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
We are going short on the USD-CHF with the target of 0.895 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band.However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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USD/CHF Rejected From Strong Res , Correct Time To Sell Now ?This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
USDCHF Set To Fall! SELL!
My dear friends,
USDCHF looks like it will make a good move, and here are the details:
The market is trading on 0.9137 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 0.9117
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
Potential bullish riseUSDCHF has just bounced off the pivot point and could potentially rise toward the swing high resistance level
Alternatively, if price breaks below the pivot, the overlap support could continue to fall to support, close to the 78.6% Fibonacci retracement.
Pivot: 0.9089
Support: 0.9024
Resistance: 0.9148
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USDCHF Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
USDCHF - Long after filling the imbalance ✅Hello traders!
‼️ This is my perspective on USDCHF.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. My point of interest is if price makes a retracement to fulfill the imbalance lower and then rejects from bullish order block + institutional mid figure 0.90500.
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USD-CHF Bullish Continuation Expected! Buy!
Hello, Traders!
USD-CHF is trading in an
Uptrend and the pair broke
The key horizontal level
Of 0.9100 and went further up
Then made a retest of the
New support level and is
Already going back up again
So we are bullish biased
And we will be expecting
A strong bullish continuation
Buy!
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Check out other forecasts below too!
USDCHF's Situation Right now!🌳Hello every one
🟡USDCHF is in a CRAB Pattern . This Means The Price Still has room For Being Bullish . Ex Ret is 1.618 So It Is Safe To Say The Price can reach 1.01.
The price can rise up to top of the broadening wedge and then fall.
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🌍Thank you for seeing idea .
Have a nice day and Good luck
Strifor || GBPUSD-Mid-term viewPreferred direction: BUY
Comment: The previous medium-term trading idea for the pound worked out very quickly against the backdrop of the publication of CPI data. By the end of the week, longs are already being considered more as part of a small upward corrective movement. The price is trading just above the 1.25000 level, which is significant support. We can expect various kinds of manipulations at this level (scenario №2) , but most likely the buyer will still be able to push the price higher towards the level of 1.26000 . The most likely scenario №1 assumes an increase from the current maximum prices.
Additional comments on this trade will be provided as situation changes. Follow us!
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USDCHF: Important Breakout 🇺🇸🇨🇭
USDCHF broke and closed above a key daily structure resistance.
We see a positive bullish reaction after a retest of a broken structure.
Because the market is trading in a long-term bullish trend,
probabilities will be high that growth will continue.
Next resistance - 0.92
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USDCHF H1 | Bullish BounceBased on the H1 chart analysis, we can see that the price is falling to our buy entry at 0.9092, which is pullback support that is close to 38.2% Fibo retracement.
Our take profit will be at 0.9141, a swing-high resistance.
The stop loss will be placed at 0.9064, which is a pullback support level.
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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.
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USD/CHF has a strong bullish momentum, could it rise further?The price is falling toward a support level, which is a pullback support level that aligns with the 61.8% Fibonacci retracement; it could bounce from this level to our take profit target.
Entry: 0.90583
Why we like it:
There is a pullback support level which aligns with the 61.8% Fibonacci retracement.
Stop loss: 0.89995
Why we like it:
There is a pullback support level which aligns with the 50% Fibonacci retracement.
Take profit: 0.91465
Why we like it:
There is a pullback resistance level.
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
USDCHF The Target Is DOWN! SELL!
My dear subscribers,
This is my opinion on the USDCHF next move:
The instrument tests an important psychological level 0.9126
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 - 0.9080
My Stop Loss - 0.9153
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
USDCHF: Strategies Amidst Contrasting Economic LandscapesAttention Traders,
In today's trading session, our sights are set on USDCHF, where a potential buying opportunity looms around the 0.90150 zone. USDCHF currently rides an uptrend but undergoes a corrective phase, edging closer to the pivotal 0.90150 support and resistance juncture.
Adding depth to our analysis, the fundamental landscape underscores the bullish prospects for USDCHF. The US Dollar stands as one of the top performers, fueled by the recent Non-Farm Payrolls (NFP) report surpassing expectations. Furthermore, amidst market uncertainty, investors seek refuge in the USD's safe-haven status, contributing to its strength.
Notably, tomorrow brings a crucial event on the economic calendar: the release of the Consumer Price Index (CPI). Should CPI data unveil a hotter-than-expected figure, it could ignite a surge in USDCHF, amplifying the pair's upward trajectory.
Conversely, the Swiss National Bank (SNB) adopts a dovish stance, given easing inflation in Switzerland. This contrast in monetary policies between the Federal Reserve and the SNB further bolsters USDCHF's bullish sentiment.
As we navigate these dynamics, it's vital to remain vigilant and adaptable. USDCHF's potential buying opportunity at 0.90150 presents a compelling prospect amidst a backdrop of shifting fundamentals and market uncertainties.
Trade prudently,
Joe.
USDCHF - A Godsend In addition to my longer-term swing trade (if not already a position trade) in the form of a USDCHF long with a profit target of +760 pips, seen here
I am also entering a "shorter-term" USDCHF long trade here at 0.83600, with a target of 0.87100.
Thus a good +340 pips would be possible here.
The probability that the weakness of the USDCHF will also come to an end by the end of the year tomorrow at the latest is exorbitantly high and the CRV at these levels is more palatable than ever.
Otherwise, the fundamental reasons remain the same as in the longer-term trade above.
-> The SNB will no longer be happy with the current levels of the CHF as soon as it returns from its skiing holiday in the Swiss Alps.
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...
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.