USDCHFAccording to my analysis, USDCHF is experiencing a significant decline today due to the weakness of the US dollar. The release of some negative news has further worsened the situation for the dollar. In light of this, I suggest taking advantage of the opportunity by selling. However, it is advisable to wait until the resistance level corrects before making the sell deal. Wishing you good luck in your trading.
USDCHF
USDCHF H4 | Bullish breakout Based on the H4 chart analysis, we can see that the price is rising toward the pivot which is our buy entry at 0.9067, a bullish breakout
Our take profit will be at 0.9114, which lines up with the 161.8% Fibo extension.
The stop loss will be placed at 0.9010, an overlap esistance 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.
USD-CHF Will Fall! Sell!
Hello,Traders!
USD-CHF was going up
In a strong uptrend but the
Pair is retesting a horizontal
Resistance of 0.9115 from
Where we are already seeing
A local bearish reaction so
We will be expecting a
Further move down
Sell!
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USDCHF - 4hrs ( Buy Trade Target Range 150 PIP ) 💵Pair Name USD/CHF
Time Frame : 4 hrs
Scale Type : line chart + Candle Stick
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🔗 Key Technical / Direction ( Long )
Type : Mid Term Swing
——————————
Bullish Break
0.90750 Area
Reasons
- Major Turn level
- Pattern Break Out
- Choch Zone
- Day + W high
Bearish Reversal
0.92500 Area
Reasons
- Major Turn level
- Quarter High
- Pattern Target
- Fibo Golden Zone
- Ultra Volume
SEEL STOP USD/CHF from .9032 (price now .9056)The price on USd/CHF hit the WR1 pivot 3 candles ago (H1 time frame) and since thenm we've seen 2 doji candles and the current candle which has 15m to complete looks liek it may well be another doji.
Doji candles are NOT reversal candles as some think.
They are indecision candles.
Its clear that WR1 has seen some sustained BEARISH pressure and there is a battle royal happening around WR1 (.9057) and the BULS and BEARS are striving for domination.
The BULLS look like they all to do to hold these levels.
We've been in and out of overbought for 13 hours and RSI is currently 72.52.
MACD on H1 is moving into negative (slow MA reading lower than fast MA) although currently is stalemate.
The Pivot Point SuperTrend is still BULLISH on 15M but we do have a 11 dots of resistance at .9063.
Andean Oscillator has seen a drop to flat for the green BUY line although since the drop this line has been climbing. All 3 values on the Andean Oscillator are currently grouped at .00060 (green)
.00056 (red) and .00064 (signal line) so we can expect to see these value spread over the next hour or so.
If the green BUY line declines and the red SELL line rises, we will have a SHORT opportunity so I have a SELL STOP at .9032 with a STOP above (.9063) and a target of .8939 though much could happen should this trade trigger.
No news scheduled until tomorrow so the market will drive the price and I expect this trade to trigger in the next hour or so.
Strifor || USDCHF-Mid-term viewPreferred direction: SELL
Comment: For the Swiss franc , we continue to follow the buy-priority. Scenario №1 , which we previously published, is already in progress, however, the strengthening of the US dollar at the beginning of this week will most likely lead to the activation of scenario №2 . We also assumed this, and given the fact that the franc is currently far from the most stable currency against the US dollar , the next update of the maximum is quite expected.
Therefore, medium-term short-term sentiment for this pair remains. The target for the fall is at the level of 0.89000.
Additional comments on this trade will be provided as situation changes. Follow us!
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USDCHF in 2023 with a rather erratic downtrendIn Q1, two central banks that have previously used negative interest rates made surprising decisions. The Bank of Japan exited negative rates, while the Swiss National Bank (SNB) unexpectedly cut their benchmark interest rate. The SNB may continue to ease further due to low inflation forecasts and weak growth. In contrast, the Fed wants more confidence in consistent inflation towards the 2% target before taking action.
CONTRASTING FUNDAMENTALS PRESENT AN OPPORTUNITY FOR OANDA:USDCHF IN Q2
The SNB's rate cut may prompt other central banks to do the same. While the Swiss Franc may face currency depreciation, Switzerland's low inflation justifies the decision to cut rates.
The strong franc makes Swiss exports less competitive than goods from countries with a weaker exchange rate. Switzerland can handle any imported inflation resulting from the rate cut due to low inflation levels, but it is unlikely to be significant given the small 25 basis point cut.
CENTRAL BANK POLICY COULD EXTEND BULLISH OANDA:USDCHF SETUPS IN Q2
Market expectations foresee a strong chance (78%) of another 25-bps rate cut from the SNB in June and if the likelihood of that second cut gains momentum, perhaps on softer inflation or weaker GDP, the franc may depreciate further as markets price in such an outcome.
The Fed maintained their projection of three rate cuts for 2024. The Fed's dot plot, based on the median value of 19 estimates, suggests hesitation in easing financial conditions due to strong US data. If the data remains strong, the dollar may be supported in Q2.
THE TRADE: LONG OANDA:USDCHF UPON IMPROVED ENTRY POINT
USD/CHF spent most of 2023 trending lower in a rather choppy fashion, but at the turn of the new year fortunes reversed. The pair traded higher and eventually broke above trendline resistance on the back of the surprise cut by the SNB. The guidance to this trade suggests looking to enter the developing uptrend at a better level due to the sharp ascent at the end of Q1. Another sign to wait for a better entry level appears via the rejection of higher prices at the 38.2% Fibonacci retracement of the 2023 decline. A move back down to 0.8829 would reveal a retest of trendline support (prior resistance), whereafter, a bullish continuation may provide a higher probability trade.
A level to consider includes 0.9085 which serves as a tripwire for continued bullish price action. Thereafter, upside targets comprise of 0.9245 and 0.9473. A retest of the late 2023 low would invalidate the bullish setup.
A Compelling Buy Signal for USDCHF 1H Chart - RRR 1:3In this trading strategy, we present a compelling opportunity for a long position on the USD/CHF currency pair, focusing on the 1-hour timeframe. By incorporating key technical indicators such as the Exponential Moving Average (EMA) 200, Moving Average Convergence Divergence (MACD) for trend analysis, and Supertrend for entry signals, traders can aim to achieve a favorable risk-to-reward ratio of 1:3.
Indicators:
EMA200: The EMA200 serves as a critical indicator of the long-term trend direction. A rising EMA200 indicates a bullish bias in the overall trend, providing confirmation for potential long positions.
MACD Trend: The MACD indicator helps traders assess the strength and direction of the trend. A bullish crossover (when the MACD line crosses above the signal line) or divergence from the price action signals potential upward momentum, aligning with our long position strategy.
Supertrend: The Supertrend indicator acts as a reliable tool for identifying entry points in alignment with the prevailing trend. When the Supertrend line changes its color from red to green, it signals a shift from bearish to bullish sentiment, presenting a potential entry signal for long positions.
USDCHF: Waiting For Bearish Continuation 🇺🇸🇨🇭
USDCHF looks quite overbought after a test of a key daily horizontal resistance.
As a confirmation, the price formed a double top pattern on a 4H time frame
and violated its neckline.
I think that the pair may test 0.8993 level soon.
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USDCHF H4 | Short-term bearish?Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 0.8906, which is a pullback resistance that lines up with the 127.2% Fibonacci retracement
Our take profit will be at 0.8857, a pullback support level.
The stop loss will be placed at 0.8962, a pullback 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.
USDCHF H1 I Bullish Bounce?Based on the H1 chart analysis, we can see that the price is falling toward our buy entry at 0.8841, which is an overlap support
Our take profit will be at 0.8870, which is an overlap resistance level.
The stop loss will be placed at 0.8822, an overlap support 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.
USD/CHF H4 | Potential bullish bounceUSD/CHF is trading close to a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 0.89685 which is a pullback support.
Stop loss is at 0.89076 which is a pullback support that aligns with the 61.8% Fibonacci retracement level.
Take profit is at 0.90410 which is a pullback resistance.
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. 67% 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. 72% 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.
BUY TRADE SETUP ON USDCHFHey Traders,
Check out this technical analysis on USDCHF; it appears to be undergoing a small pullback, potentially indicating a bullish momentum continuation.
However, I would recommend waiting for a proper retest of the broken key level before considering a buy-trade entry.
Alternatively, there may be an opportunity for a sell trade if the market breaches the evident support area.
Keep a close eye on this.
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 :-)
HelenP. I Swiss Franc can rebound from support level to $0.9075Hi folks today I'm prepared for you Swiss Franc analytics. Some time ago price made little correction movement, after which turned around and in a short time rose to support 2, which coincided with the support zone and started to trades in this area. Later, CHF broke support 2 and made a retest, after which rebounded and tried to rise more but failed and declined back to support 2, which moment coincided with the trend line. Then the price rebounded from this line and made impulse up to support 1, which coincided with one more support zone and even entered to this area, but at once turned around and quickly declined below. But some time later, CHF finally broke support 1, made a retest, and continued to rise to 0.9070 points, after which and recently fell to the support zone, which coincided with the trend line. Now, the price continues to trades near this line and I expect that Swiss Franc will fall to the support level and then rebound up. For this reason, I set my target at the 0.9075 level. If you like my analytics you may support me with your like/comment ❤️
USDCHF: Bearish Outlook For Next Week Explained 🇺🇸🇨🇭
USDCHF reached a key daily horizontal resistance this week.
After its test, the pair formed a doji candle on a daily time frame.
On a 4H, I spotted a double top pattern with a confirmed neckline violation.
It is a strong intraday bearish confirmation.
I expect a downward movement next week at least to 0.8992
❤️Please, support my work with like, thank you!❤️
USDCHF - Confluence for a long ✅Hello traders!
‼️ This is my perspective on USDCHF.
Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look for a long position. I have a point of interest where there are confluence arguments for a long position, this one is if price fills the imbalance lower and rejects from S/R zone + FIBO 0.5 level + institutional big figure 0.89000.
Fundamental news: Next week on Friday we have NFP and Unemployment Rate in USA, news with high impact on USD. As well, on Thursday we have monthly CPI on CHF.
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USD/CHF BEARISH BIAS RIGHT NOW| SHORT
Hello,Friends!
USD-CHF uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 0.884 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the USD/CHF pair.
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Double zigzag! or bull market maturityDear analysts and traders,
I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules.
As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed my approach by combining this principle with my personal experience and by considering different scenarios that are likely to occur in the market. It should be noted that I do not like to be surprised in the market, and that's why I have different market prospects. I follow them to be sure and recognize the structure that is forming so that I can 100% recognize it.
I will share my analysis with you, but please note that I am not providing any buy or sell signals. My perspective on idea analysis is completely unbiased, so if the idea analysis meets your standards, you can use it as a guide to make an informed decision.
I have attached my previous analysis of the same market so that you can compare and see the differences. All the details of my analysis are clearly labeled, making it easy for you to understand. However, having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily.
I have been studying the Elliott Wave Principle for almost three years now, and over time, my understanding of this knowledge and experience has grown. What I have achieved so far is the legacy of a genius called Ralph Nelson Eliot, and I am really happy with my progress. May peace be upon him.
Thank you for your support so far. I will always remember your kindness. Please share your comments and criticisms with me.
I hope my analysis will be useful to you in your business journey, and I wish you all the best.
Sincerely,
Mr. Nobody
Strifor || USDJPY-Mid-term viewPreferred direction: BUY
Comment: The Japanese yen continues to be the weakest currency among the majors. Buy priority for the USDJPY currency pair has not only a medium-term framework, but also a long-term one. The reason for this is the low rate and the inaction of the Central Bank of Japan . You can't achieve anything with words.
The current squeeze towards the maximum of the previous year in the near future may push the price to the level of 154 . The more likely scenario №1 is already in the works. Scenario №2 - assumes a preliminary fall towards the level of 150 , which is unlikely. Using two scenarios simultaneously and reasonable risk management, you can safely accumulate a medium-term long position with a target at level 154 .
Additional comments on this trade will be provided as situation changes. Follow us!
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