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USDCHF

Strifor || GOLD-Week StartingPreferred direction: BUY Comment: In the coming week, gold is expected to approach the level of 2150 , to which all attention was focused a little earlier, and as a result, it was from this support that we recorded another maximum for the metal. However, despite the expected weakening of the US dollar , the metal will, at best, trade near its highs. We highlight two main scenarios for this week, both aimed in favor of the buyer. As a target, we consider the level of 2200 , and a more likely scenario for this growth is shown in the chart called "scenario №1" . Additional comments on this trade will be provided as situation changes. Follow us! Thank you for boost and share your views!
OANDA:XAUUSDLong
by Strifor
1
USDCHF: Overbought and at the top of the Channel Down.USDCHF is overbought on the 1D technical outlook (RSI = 74.650, MACD = 0.007, ADX = 47.655) as it hit the top of the yearly Channel Down. That is exactly on the 0.786 Fibonacci retracement level, where the LH prior was always priced, also after an approximately +8.50% rise. The 1D RSI is making a reversal inside the overbought zone and we are about to form a 1D Golden Cross, which last time emerged after the LH was made. This is a strong bearish signal combination. First we are targeting the 0.618 Fibonacci (TP1 = 0.8600) and if by then the price remains under the 1D MA50, we will extend selling to the bottom of the Channel Down (TP2 = 0.82500) going the full -9.40% distance. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
1
USDCHF SWING TRADE OF 1O41 PIPS READ DESCRIPTIONBased on the provided analysis, let's elaborate on the potential trade setup for USD/CHF: 1. **Buying Zone**: USD/CHF is currently within a buying zone at the daily timeframe, suggesting a favorable area for long positions. This zone is identified as being around 0.89800, indicating a level where institutions and significant players are heavily accumulating long positions. The profit target (TP) for this trade is set at 0.90200, representing the desired price level for profit-taking. 2. **COT Reports Analysis**: The Commitments of Traders (COT) report indicates a substantial bullish scenario, with 80,000 long positions and 40,000 short positions. This suggests a strong bullish sentiment among institutional traders, reinforcing the potential for upward price movement. 3. **Trader Sentiments**: Trader sentiments show that 62% of traders are holding long positions, while 38% are holding short positions. This sentiment aligns with the bullish bias indicated by the COT reports, further supporting the potential for an upward movement in USD/CHF. 4. **Technical Analysis Indicators**: - Daily Summary: The daily summary shows a predominantly bullish sentiment, with 90 buy signals, 23 neutral signals, and 12 sell signals. - Moving Averages: There are 12 buy signals, 1 sell signal, and 1 neutral signal in the moving averages, indicating a bullish bias. - Oscillators: In the oscillator category, there are 12 buy signals, 3 sell signals, and 2 neutral signals, further reinforcing the bullish sentiment. - Other Technical Indicators (EMA, SMA, RSI, Stochastic, Stochastic RSI, ATR, Intraday Range, CCI, MACD, HMA, Bull Bear Power, VWMA): These indicators all signal buying opportunities, indicating a strong bullish bias. 5. **Trade Parameters**: - Profit Target: The profit target for this trade is set at 1041 pips, which represents an 11.54% profit potential. This suggests a significant profit-taking opportunity. - Multiple Take Profit Levels (TPs): There are 6 TP levels indicated by yellow horizontal lines, providing traders with various opportunities to scale out of their positions as the price progresses towards the profit target. In conclusion, the technical analysis, combined with COT reports and trader sentiments, suggests a strong bullish outlook for USD/CHF. The trade setup presents a favorable risk-to-reward ratio, with a clear profit target and multiple take profit levels to capture potential gains along the way. However, traders should remain vigilant and monitor the trade closely, adjusting their positions as per market dynamics and risk management principles.
Long
by MOAZAM1133
USDCHF SHORT 650 PIPS READ DESCRIPTIONThe analysis for USD/CHF indicates that the currency pair is currently at a major resistance and supply zone, ranging from 0.90117 to 0.89700. This zone has attracted significant attention from big players and institutions, who have been actively entering short orders in bulk. The latest data reveals that there were 29,160 short entries and 11,000 long entries from big players and institutions. This results in an overall net short position of 57% and a net long position of 14%. Over the last three months, the total net position of shorts has been 79%, while longs accounted for 21% of the market sentiment. In our trade strategy, we set a 40-pip stop loss to manage potential losses. With a target of 657.8 pips and a profit potential of 7.33%, the risk-to-reward ratio stands at a favorable 7.43. This indicates that the potential reward significantly outweighs the risk. Additionally, we have set four target prices to secure profits at various levels, providing flexibility in managing the trade and locking in gains as the price moves in our favor. It's essential to always manage risk diligently in trading. Traders should adhere to their risk management strategies, including setting stop losses, controlling position sizes, and diversifying portfolios, to protect their capital from significant losses. By prioritizing risk management, traders aim to ensure the longevity of their trading endeavors and navigate market uncertainties effectively. In summary, the analysis suggests a bearish outlook for USD/CHF, supported by the presence of a major resistance and supply zone and favorable institutional sentiment. By implementing a well-defined trading strategy and managing risk effectively, traders aim to capitalize on potential price movements while safeguarding their investments.
Short
by MOAZAM1133
3
Sell Signals Looming? This Pair Nears Crucial SELL ZoneThis pair has been on a strong upward trend since the beginning of the year, following a significant drop at the end of December. At that time, I shared my first trading idea for 2024 on TradingView. You can find that idea linked in a related post at the bottom of this discussion. That trading strategy was spot on, hitting our target of 0.88, although I had mentioned the possibility of climbing even higher, beyond 0.90, due to certain key levels. And that's precisely what happened. The price is now nearing the SELL/SUPPLY zone at 0.91. This level was established in September 2023 and initiated the decline to 0.83. So, what comes next? Is it time to sell? If we examine the weekly chart below, you'll see a SELL/SUPPLY level right beneath the monthly one, which I believe was the real trigger for the descent to the new lows. The initial drop (indicated by a red arrow) did not set a new low, with the market pausing before plummeting sharply for eight consecutive weeks. This is the zone where selling should be considered, especially as the market has been rising for nearly 13 straight weeks and appears to be extremely overbought as we enter the Weekly SELL/SUPPLY zone between 0.90 & 0.91. The Daily chart shows that momentum hasn't diminished significantly and remains strong. This suggests that we might see a minor pullback towards 0.88 before another surge to the swing high @0.92, followed by another sell-off (refer to the chart below). I'll now begin searching for SELL signals on the 4hr timeframe with the TRFX indicator, aiming for a short-term sell position towards 0.88 or possibly lower, around 0.86. Price may continue its ascent towards 0.92 without the short-term pullback, given the strength in the daily trend, and then proceed to sell-off. Hence, I will also be preparing for this scenario and look to add to my position if the price moves up. In the longer term, this pair is still bearish on the Monthly charts, and a bullish trend would only be confirmed by a clean break and close above 0.92, which could then open the path for moves all the way back to 1.04. For now, I anticipate a sell-off from these levels given the overstretched 13-week bullish run and entry into a key Monthly SELL/SUPPLY zone that precipitated last year's lows. Let me know your thoughts below.
Short
by TheFxAce
10
Potential bearish reversalUSDCHF is rising toward an overlap resistance and could potentially fall to a support level. Alternatively, if the price breaks above the pivot, it could continue to rise to the next resistance level Pivot: 0.9098 Support: 0.8903 Resistance: 0.9221 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
Shorting USD/CHF (US Dollar vs Swiss Franc) OANDA:USDCHF USD/CHF: Hunting Profits in the Land of Watches and Cheese! Looking for a chance to grab some pips in the forex market? Take a trip to the land of watches and cheese and short USD/CHF at 0.90274 for a potential sweet reversal! Prediction: A break above 0.90274 could trigger a downward spiral for USD/CHF. First target is 0.8950, followed by 0.8782 - be ready to lock in profits at these levels! Remember: Watch out for the market whales! Stay tuned for economic news and events. Manage your risk wisely. Don't go all-in - enter with a small position size. This is just a suggestion, always do your own research before entering any trade.
Short
by ForexCSP
🔥 XAU/USD - Ready for LONG ? (READ THE CAPTION)By re-examining the gold chart in the weekly and 1-hour time frame, we see that after the price growth up to $2200, the price faced selling pressure after collecting liquidity above the previous high and was able to fall even to $2162! Pay attention that yesterday I specified 3 important levels for you ($2173, $2168, $2162), which after the price reached the first two levels, gold managed to grow by more than 180 pips up to $2186! After that, the price fell to the third level of $2162 and rose again with 75 pips to $2170! Now the price is trading in the range of $2166! The possibility of price growth to higher levels is high, and the possible targets of this growth are $2173, $2180, $2196, and $2203, respectively! The new demand ranges are $2157 to $2160, $2150 to $2155, and $2146 to $2146 respectively! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
FOREXCOM:XAUUSDLong
by ArmanShabanTrading
8
Pullback support at 23.6% Fibonacci retracementUSD/CHF could bounce off a pullback support at 0.88737 which has been identified as a pivot point. Could price potentially bounce off this level to climb higher? Pivot: 0.88737 Support: 0.87424 Resistance: 0.90410 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 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 - Price can little correct and then continue move upHi guys, this is my overview for USDCHF, feel free to check it and write your feedback in comments👊 Some days ago price entered a rising channel, where it declined to support line and then bounced up to $0.8580 level. Then price broke this level and later made retest, after which CHF rose to $0.8880 level, but at once bounced below. Price declined to support line of rising channel and then made upward impulse back to $0.8880 level and broke it. After this movement, CHF fell to support area, but soon turned around and continued to move up. Not long ago, Swiss Franc rose a little and started to fall, so I think that price can fall almost to support level. Also then CHF can turn around and continue to move up to $0.9130 resistance line of rising channel. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
1
Usdchf, might expect some pullback..ButHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. But in general for Usdchf i am looking to long 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! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* 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. *********************************************************************
Long
by Shadowing_The_Big_Boys
USDCHF - Expect retracement ✅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 wait price to continue the retracement and my point of interest for a long is if price rejects from trendline + S/R level + institutional big figure 0.89000. Fundamental news: Next week on Thursday we have news on USD, will be released quarterly GDP, which has high impact on currency. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
🔥 EUR/USD - A Litlle BUY ? (READ THE CAPTION)By checking the EURUSD chart, we can see that after the growth of this currency pair up to the supply range of 1.093, the price faced heavy selling pressure and with a drop of more than 130 pips, it is currently trading in the range of 1.082! If the price can stabilize above the support of 1.07990 to 1.082, we can expect a small upward movement of the price! Otherwise, with the break of this support level, we will witness a heavy fall! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
Long
by ArmanShabanTrading
3
USDCHF - Following The Trend📉Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 USDCHF has been overall bearish, trading within the falling channel in blue. Currently, USDCHF is approaching the upper bound of the channel acting as a non-horizontal resistance. Moreover, it is retesting a resistance marked in green. 🏹 Thus, the highlighted blue circle is a strong area to look for sell setups as it is the intersection of the blue trendline and green resistance. 📚 As per my trading style: As #USDCHF approaches the blue circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst