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USD/CHF H4 | Potential bullish bounceUSD/CHF could fall towards a pullback support and potentially bounce off this level to climb higher. Buy entry is at 0.89483 which is a pullback support. Stop loss is at 0.89076 which is a pullback support that lies underneath the 50.0% Fibonacci retracement level. Take profit is at 0.90296 which is a level that aligns with the 100.0% Fibonacci projection 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. 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.
Long
by FXCM
Swiss franc slides after SNB lowers ratesThe Swiss franc has tumbled on Thursday after the Swiss National Bank lowered interest rates. In the North American session, USD/CHF is trading at 0.8987, up 1.35% on the day. Earlier, the Swiss franc fell as low as 0.8994, its lowest level since November 23. There has been plenty of speculation as to when the Fed and other major central banks will lower interest rates, but in the end the Swiss National Bank that took the plunge first, with a quarter-point cut on Thursday. The move was a surprise as investors hadn’t expected the SNB to cut rates until June at the earliest. The SNB lowered the cash rate from 1.75% to 1.50%, sending the Swiss franc sharply lower. SNB President Thomas Jordan said after the meeting that the rate cut was in response to an “effective” battle against inflation. Inflation has been falling and is currently at 1.2%. The central bank also revised lower its inflation forecast to 1.4% in 2024 and 1.2% in 2025. The SNB also noted that the appreciation of the Swiss franc had dampened growth. We could add that the strong Swiss franc has also dampened inflation and allowed the SNB to shift policy and start lowering rates. The Federal Reserve held the benchmark rate at a target range of 5% to 5.25% on Wednesday, as was widely expected. The Fed maintained its projection of three rate cuts this year and revised its GDP forecast for 2024 to 2.1%, up from 1.4% in December. Fed Chair Powell noted that inflation was falling and the US economy was strong, but cautioned that the Fed would not start to cut rates until it was clear that inflation was moving sustainably towards the 2% target. The markets have priced in an initial rate cut for June, with a probability of around 75%. USD/CHF has pushed above 0.8918 and tested resistance at 0.8982 earlier. Above, there is resistance at 0.9095 0.8876 and 0.8812 are providing support
by OANDA
USD/CHF Analysis: SNB Decision Breaks Multi-month TrendUSD/CHF Analysis: SNB Decision Breaks Multi-month Trend According to Reuters, on the sidelines of the World Economic Forum in Davos in January, the head of the Swiss National Bank (SNB) Thomas Jordan told the Swiss press that the appreciation of the franc creates problems for exporters. Thus, indicating intentions to weaken the CHF. His words in January seem to be in line with how events are developing — the franc has weakened against the US dollar by more than 6% since the start of the year. Moreover, today, quite unexpectedly, the Swiss National Bank decided to lower the interest rate: actual = 1.50%, forecast = 1.75%, previous value = 1.75%. The result of the decision today was a sharp weakening of the franc against other currencies, including the US dollar. Technical analysis of the USD/CHF chart today shows that the bulls are breaking the downward trend (shown by the red channel), which dates back to the fall of 2022. Wherein: → the price of USD/CHF may continue to develop within the channel shown by the blue lines, including a rollback from the 4-month high; → in case of a rollback, the level of 0.8888 may constitute support (as a former resistance) - just like the lower blue line. If the weakening of the franc, which is facilitated by the SNB, continues, the price of USD/CHF may reach the level of 0.9095 - near which the market has repeatedly formed reversals. But most importantly, the easing of monetary policy by the SNB will likely serve as an example for the National Banks of other Western countries - which, in turn, will cause the emergence of new trends in the foreign exchange markets. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1
CHF Loses Ground After The SNB Rate CutToday, the Swiss National Bank cut its interest rate, dropping from +1.75% to +1.50%. Last time we saw any changes made in the rate were back in June 2023, when the Bank lifted the rate from +1.75% to +1.50%. After the release of the news CHF devalued against all of its major counterparts, even against the currently-weak USD. Looking at the technical picture of EASYMARKETS:USDCHF on our daily chart, we can see that the pair popped higher today after the SNB release. The rate rose above a key resistance barrier, at 0.8886, which is the highest point of February. As long as EASYMARKETS:USDCHF continues to trade above that barrier, we will stay positive, at least with the near-term outlook. Given that the pair had already reached and overshot one of our key resistance areas, at 0.8954, we will continue aiming higher. That's when we will target the 0.9052 obstacle, or even the 0.9113 level, marked by the highest point of November 2023. In order to shift our attention to some lower areas, a break of a short-term tentative upside support line taken from the lowest point of December 2023, is needed. This way a directional change of the current uptrend may occur, possibly inviting more sellers into the game. EASYMARKETS:USDCHF could then fall to the current lowest point of March, at 0.8730, a break of which may set the stage for a move to the 0.86500 area. That area is marked near the inside swing highs of January 29th and February 1st.
by easyMarkets
Strifor || GOLD-21/03/2024Preferred direction: Neutral Comment: Gold worked out our long scenarios perfectly once again, and as we noted in previous trading ideas, the level of 2200 was reached as a target. Today, gold will most likely trade around the 2200 level. Further growth is not considered as optimistically as before.  We highlight two scenarios for this instrument, where Scenario №1 assumes a corrective movement towards support 2150 . Before this, most likely there will be an attempt to update the current maximum. Scenario №2 - assumes that buyers will not ease the pressure on sales and the metal will accumulate in a small balance at the level of 2200 for some time. This development of events according to Scenario №2 will most likely lead to another small upward impulse. The approximate target range in this case is the area 2250 - 2300. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!
OANDA:XAUUSD
by Strifor
1
USD/CHF H4 | Bearish momentum to extend?USD/CHF is falling towards a potential breakout level and could drop lower towards our take-profit target. Entry: 0.88518 Why we like it: There is a potential breakout level ( wait for the 1-hour candle to close below 0.88518 for a breakout confirmation ) Stop Loss: 0.89374 Why we like it: There is a resistance level that aligns with the 127.2% Fibonacci extension level Take Profit: 0.87725 Why we like it: There is a pullback support that aligns with the 78.6% Fibonacci retracement 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.
Short
by VantageMarkets
1
USDCHF - 4hrs ( Sell Trade After Retest - Target Range 120 PIP )💵Pair Name USD/CHF Time Frame : 4 hrs Scale Type : line chart + Candle Stick ------ 🔗 Key Technical / Direction ( Short ) After Retest Type : Mid Term Swing —————————— Bearish Retest 0.88900 Area Reasons - Major Turn level - Counter Trend Line - De Value Area - inner choch Area Bullish reversal 0.87500 Area Reasons - Major Turn level / W - Pattern Target - Pattern Lower Band - Fixed Poc Area - De Po / value
Short
by GoldenEngine
3
Strifor || USDCHF-Mid-term viewPreferred direction: SELL Comment: The Swiss franc also performed well on our previous trading ideas, where the entry strategy was “border to border”. The medium-term prospects here are also not in favor of the US dollar , but in the long term, we consider USDCHF more in favor of the buyer. At this stage, for a medium-term sell-deal, we highlight two scenarios, where the Scenario №1 is more likely and involves a false breakout of the upper balance line. Scenario №2 also assumes a false breakout of the upper border, but deeper towards the level of 0.90000. For now, we consider the target to be no lower than the lower border of the balance, namely the level of 0.87610. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for boost and share your views!
Short
by Strifor
1
USDCHF H4 | Bearish reversal?USDCHF is rising toward resistance 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 that aligns with the 127.2% Fibonacci extension Pivot: 0.8899 Support: 0.8851 Resistance: 1.8935 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.
Short
by ICmarkets
1
USDCHF M15 I Bearish divergence?Based on the M15 chart analysis, we can see that the price has just reacted off our sell entry at 0.8883, which is a multi-swing high resistance. Our take profit will be at 0.8843, an overlap support level. The stop loss will be placed at 0.8908, which is above a swing-high resistance level. Please note that there is a bearish divergence vs. RSI 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.
Short
by FXCM
1
USDCHF:Potential Upsides as we approach the FOMCHey Traders, in today's trading session we are monitoring USDCHF for a buying opportunity around 0.88400 zone, USDCHF is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 088400 support and resistane area adding a fundamental layer, the last CPI and PPI both came hot and the labour market is solid, if Fed goes hawkish as anticipated we may see USDCHF breaking previous highs. Trade safe, Joe.
Long
by JoeChampion
Bouncing off 38.2%USDCHF is falling toward a support level and could potentially bounce off a pivot that is close to the 38.2% Fibonacci retracement and rise toward the multi-swing high resistance Alternatively, if price breaks below the pivot, it could continue to fall to another overlap support level Pivot: 0.8811 Support: 0.8781 Resistance: 0.8849 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.
Long
by ICmarkets
USDCHF - the risk vs reward trade off this week Put USDCHF on the radar - while there are many different ways this could play out this week, here are 2 clear scenario's that are front of mind. Upside - the fed's 2024 dot moves higher in tomorrows FOMC meeting to show 2 cuts (from 3). We could also see the SNB cut rates - this is a non-consensus call with 4/24 economists calling for a 25bp cut (to 1.5%) and the Swiss swaps market pricing this outcome with 30% chance Downside to price - the Fed leave the 2024 dot unchanged at 3 cuts, and we see 2024 GDP median estimate upgraded to 1.8% (from 1.4%), and the SNB leave rates unchanged Risk vs reward - If the upside scenario plays out then price will likely have a far bigger move to the upside, than potential downside if scenario 2 plays out. The daily chart looks ominously poised to breakout - momentum and trend traders will be watching to see if this triggers a move that has some duration.
by Pepperstone
1
USDCHF Short IdeaMARKET PHASE OANDA:USDCHF is in a long term downtrend (daily) with a short term corrective structure that has been taking place (4 hour). AREA OF VALUE Price continued to break new highs within this corrective structure. Eventually, price reached an area where sellers stepped in, resulting in a buildup of liquidity (buy stops, longs, short stop losses) above the corrective structure swing highs. Price violently moved up to trigger the buy stops (liquidity) to pair against the sell orders needed to take price down. Price has started it's initial move down but due to the velocity of the downward move, it's gapped some orders around 0.88378. Price is likely to retrace to this level before continuing downwards. TRADE I will be entering short on OANDA:USDCHF with the following parameters: Sell Limit: 0.88378 Stop Loss: 0.88543 Take Profit: 0.88048
Short
by Mankz
Sell USDCHF Channel BreakoutThe USD/CHF pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined bearish channel pattern. This technical setup suggests a shift in momentum towards the downside and a higher likelihood of further declines in the coming minutes or hours. Key Points: Sell Entry: Consider entering a short position around the current price of 0.8830, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: Initial bearish targets lie at the previous support levels within the channel, now acting as potential resistance zones: 0.8798 and 0.8770. Further downside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions. Stop-Loss: To manage risk, place a stop-loss order above the broken support line of the channel, ideally around 0.8855. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you
Short
by KABHI_TA_TRADING
1
USDCHF Struggling on the 1W MA50. Long-term bullish above it.The USDCHF pair is on very critical crossroads as for the past 5 weeks it has been testing the 1W MA50 (blue trend-line) but has so far failed to close a 1W candle above it. Going back to late September 2023, we can see that the 1W MA50 has been again tested for successive weeks, but again failed to close a candle above it. In fact the last time it did was back on the week of October 31 2022, which was during the previous Top on the Lower Highs trend-line of the 8-year Bearish Megaphone pattern. As a result, as long as the pair fails to close that weekly candle above the 1W MA50, we 'have' to stay bearish on the medium-term, targeting just above the 0.786 Fibonacci retracement level at 0.8500. If however we do get that 1W closing above the 1W MA50 delivered, we will turn bullish long-term, despite the presence of the Inner Lower Highs and the 1W MA200 (orange trend-line), as in early 2021, and target the top of the Bearish Megaphone at 0.97000. Notice that this scenario attracts stronger probabilities as the 1W RSI has been on a Bullish Divergence from oversold territory since the December 25 2023 Low. This Divergence is similar to the bottom formed on the January 04 2021 candle. Observe also how efficiently the Sine Waves have grasped the Tops and Bottoms of this Bearish Megaphone. Right now they show we are on a bottom formation. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
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 :-)
Short
by ShahedZare