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USD/CHF Breaks Resistance Amid Soft Swiss CPI DataIn the European session on Tuesday, the USD strengthened against the CHF, surpassing the key resistance level of 0.8800. This upward movement followed the release of a disappointing Swiss Consumer Price Index (CPI) report for January. Despite this bullish momentum, the USD/CHF faces several significant barriers ahead. Firstly, it encounters resistance at the 61.8% Fibonacci level from the last swing point. Additionally, it navigates within the 50% and 61.8% Fibonacci retracement area from the major swing high, alongside the challenge of surpassing the daily moving average. Furthermore, the Stochastic indicator signals an overbought condition, suggesting a potential reversal. Turning to economic data, the Swiss CPI for January grew at a slower-than-expected pace of 0.2%, contrasting with the consensus forecast of 0.6%. December witnessed stagnant price pressures, with annual inflation decelerating significantly to 1.3% from the previous reading of 1.7%. This persistent trend of operating below the 2% inflation threshold could prompt the Swiss National Bank (SNB) to reconsider its restrictive monetary policy stance. Expectations for the headline CPI indicate steady growth of 0.2% on a monthly basis, while the core CPI, excluding volatile food and oil prices, is projected to rise by 0.3%. Annual headline inflation is anticipated to decelerate to 2.9% from December's 3.4%, while core CPI is expected to increase slightly slower at 3.7% compared to the previous 3.9%. The prospect of decelerating price pressures may pave the way for the Federal Reserve (Fed) to contemplate rate cuts during the upcoming May policy meeting, aligning with investor expectations. However, Fed policymakers have emphasized the importance of sustained progress in declining inflation before considering interest rate adjustments. In light of these developments, traders are monitoring the USD/CHF around the 0.8800 area, anticipating a potential reversal. As both technical and fundamental factors come into play, market participants remain vigilant for further cues to guide their trading decisions. Our Idea: Below 0.8950 look for further downside with 0.8600 & 0.8400 as targets.
Short
by FOREXN1
3
USDCHF H1 | Bullish bounceBased on the H4 chart analysis, we can see that the price is falling to our buy entry at 0.8650, which is a pullback support that aligns with the 50% FIbo retreatment Our take profit will be at 0.8714, a pullback resistance. The stop loss will be placed at 0.8586, below the 78.6% 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.
Long
by FXCM
USDCHF H4 | Bearish reversalBased on the H4 chart analysis, we can see that the price is rising toward our sell entry at 0.8778, which is an overlap resistance. Our take profit will be at 0.8729, an overlap support level. he stop loss will be placed at 0.8819, an overlap 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. 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
DXY new target?My view for the next week(s) for DXY. FUNDAMENTALS: Following the new trend started in 2024 and displayed in January and February, DXY infact did a new 4h and daily break of structure to the upside, giving a clear shift in sentiment. The fast devaluation of dollar regarding the early cuts is being rejected and in the last FOMC and Powell interview he made very clear that jobs are strong and inflation too. They are aiming for a soft landing and they might get it. If this next CPI on Tuesday is as expected or green, that would give more confirmation for the FED to do a soft landing and cut slowly. If the FED cuts slow the rates, it would give more strength to the dollar and could give us a very strong bullish leg. TECHNICALS: Monthly is still bullish. Weekly is still bullish. Daily is still bullish. It did a new HH on Daily and 4h. It went to the 0.361 fibo area and got rejected as its first test. Im expecting a quick dive to gather liquidity and fill some gaps in the 103.700 - 103.450 area which generates confluence with Weekly 0.5 fibo and with 0.61 and 0.70 fibo in this mini leg on the 4h, is also the last breakout zone. If we analyze in Wyckoff method, the spring that generated the previous to the breakout is giving us a retest which is a nice area to genearte a re-accumulation. This could also be a very explosive move because it will align with CPI news. VIEW: Expecting a liquidity sweep at 104.150-200 in Asia on Sunday. Followed by a powerful move to the downside to reach the accumulation area before CPI on Tuesday. The target is going to be 0.286 fibo in the weekly with the -0.272 extension of this mini leg. I expect to reach it by Thursday/Friday morning. Good luck to all!
TVC:DXYLong
by the_gats
USDCHF Will Collapse! SELL! My dear subscribers, My technical analysis for USDCHF is below: The price is coiling around a solid key level - 0.8766 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 0.8675 My Stop Loss - 0.8821 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
USDCHF Will Go Lower From Resistance! Sell! Take a look at our analysis for USDCHF. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 0.875. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 0.866 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
HelenP. I Swiss Franc will rebound up of support zone to $0.8830Hi folks today I'm prepared for you Swiss Franc analytics. If we look at the chart we can see ho the price some time ago rebounded from support 1 and in a short time declined to the trend line, breaking support 2, which coincided with the support zone too. But soon, CHF rebounded from the trend line and started to rise in an upward channel, where the price rose to the support zone and some time traded inside. Next, the price broke support 2 one more time and rose until to support 1, which coincided with the resistance line of the channel with the support zone, but at once rebounded and fell to the support line, which is the trend line too. After this movement, CHF rebounded from this line and made a strong impulse up higher than support 1, thereby breaking it and even recently price rose higher than the support zone and now it trades near this area. For my mind, the Swiss Franc will decline to the support zone, after which it turn around and continues to rise to the resistance line of the upward channel. That's why I set my target at the 0.8830 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
3
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 :-)
Long
by ShahedZare
USDCHF - Look for a long opportunity ✅Hello traders! ‼️ This is my perspective on USDCHF. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for a long. I wait price to make a retracement to fill the imbalance lower and then to react from support zone. Fundamental news: Next week is full of news with impact on USD and CHF. On Tuesday we will see results monthly CPI on CHF and monthly and yearly CPI on USD. On Thursday we'll have Retail Sales on USD. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
USDCHF A Fall Expected! SELL! My dear friends, Please, find my technical outlook for USDCHF below: The instrument tests an important psychological level 0.8757 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 - 0.8695 Recommended Stop Loss - 0.8789 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
5
⚡️Strifor || GOLD-08/02/2024Preferred direction: BUY Comment: The situation for gold is less clear, unlike the main currency pairs, but everything still looks more towards the bulls. Today we highlight two long scenarios. Scenario №1 is a shorter-term option, which assumes a preliminary false downward movement, after which it returns again above the level of 2030.874 . Here the stop loss you need to use will be small, no more than 400 points . Scenario №2 is more medium-term, assuming a re-test of the 2000 level. The growth target in both cases is the area around the 2060 level. Thank you for like and share your views!
OANDA:XAUUSDLong
by Viktor_strifor_analyst
1
⚡️Strifor || GBPUSD-08/02/2024Preferred direction: BUY Comment: Just like for the euro , we maintain the buy-priority for the British pound . Here the transaction has already been moved to breakeven, and scenario №2 is no longer relevant. At the moment, after fixing part of the profit and transferring it to breakeven, one can consider the target at the level of 1.28000 , since there is still potential for growth. The news background this week is less intense, so today the main events are only initial jobless claims. Thank you for like and share your views!
Long
by Viktor_strifor_analyst
3
⚡️Strifor || USDJPY-07/02/2024Preferred direction: BUY Comment: How it happens lately, the Japanese yen stands out among all its main competitors (majors), and here we continue to expect the price to approach the level of 150 . There are no specific entry points now, so we identify this transaction as a medium-term one. Due to the economic situation in Japan , it is very likely that this year it is unlikely that anything will change in favor of the yen and the growth of this pair will continue. It is mainly expected that the instrument will trade near and above the 150 level. Thank you for like and share your views!
Long
by Viktor_strifor_analyst
1
⚡️Strifor || USDCHF-07/02/2024Preferred direction: SELL Comment: In the middle of the current trading week for the USDCHF currency pair, we will also consider selling. We highlight scenario №1 as a short-term entry option and scenario №2 as a medium-term scenario. It would be best to consider two scenarios at the same time and place a stop loss no lower than the resistance level of 0.87757 . In any case, the target for the fall is located at support 0.85696 . The main triggers for entering a sale are the formed context in terms of volume analysis and, surely, accumulation in the balance format with the presence of false movements. Thank you for like and share your views!
Short
by Viktor_strifor_analyst
3