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Usdchfforecast

USDCHF Pattern FormationThis price has been forming a falling flag for the past few weeks which IMO it is a strong indicator of a long bullish momentum. As for the now, the price seems to be at major market zone, at 0.883 - 0.885, hence we are waiting for; 1. If the price breaks out and closes above 0.886, the bullish momentum might continue. 2. If the price fails to break out of that zone, it will continue with the bearish momentum and completing the pattern where the target is 0.857
Short
by Vapari_Inc
USD/CHF Bearish Gartley Pattern Indicates Potential DowntrendThe USD/CHF currency pair is forming a Bearish Gartley Harmonic Pattern, signaling potential downward movement. This pattern is aligning with a key resistance area, adding further confluence to our bearish outlook. Key Resistance and Trendline Confluence: Price action has shown a strong rejection at a key resistance level, which coincides with a downward trendline and the 78.6% Fibonacci retracement level. This confluence of technical indicators strengthens our bearish sentiment for the USD/CHF pair. Entry and Stop Loss: Given the current market conditions and the formation of the Bearish Gartley Pattern, our entry point is set at 0.89442. To manage risk, a stop loss is placed at 0.89864, slightly above the resistance area to account for potential market fluctuations. Take Profit Levels: We have identified three key take profit levels based on historical support areas and Fibonacci extensions: TP-1: 0.89020 TP-2: 0.88598 TP-3: 0.88176 Analysis Summary: The alignment of the Bearish Gartley Harmonic Pattern with the key resistance area, trendline, and the 78.6% Fibonacci level provides a high-probability trading opportunity. The rejection at these confluences suggests potential bearish momentum, making this a suitable trade setup with well-defined entry, stop loss, and take profit levels. Traders should monitor the price action closely around these levels to adjust positions as necessary.
Short
by trading_jupiter
2
USDCHF BULLISH ROBBERY PLAN TO MAKE AND TAKE MONEYMy Dear Robbers / Traders, This is our master plan to Heist USDCHF Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
Long
by Thief_Trader
USDCHF moving higher this week**Monthly Chart** USDCHF is moving within a range between a high of 0.92450 and a low of 0.83300 levels. Last month candles closed as MC candles around the relatively equal monthly high. The Pair is moving a range since April 2023. **Weekly Chart** Last week candle closed as a bearish candle. However, the close of the price at the mid-level of the move which as a strong reaction from the US NFP and Employment change announcements. It has also tested the weekly IPA of March 2024. In line with DXY analysis, we might see USDCHF move higher and break the weekly and monthly high around 0.9200 level. **Daily Chart** USDCHF broke the previous daily swing with a few pips and then resumed lower with last Friday's NFP news. If you look at the 4H time frame, the price formed a key reversal before the news and then pushed higher. For this week I will be looking a a retracement to at least 50% of IPA candle that formed with a confirmation as a key reversal pattern to take this pair higher. The next target will be around 0.92000 level and then 0.93000 level.
Long
by PropSignals
USDCHF Short Trade Setup A #short trade opportunity recently presented itself on the #dollarswissy (#USDCHF) #trading chart 📉. This is indicated by the #bearish engulfing candlestick 🕯️ pattern just below the 0.91081 horizontal resistance level. This indicates a rejection of the same level, with potential price move in the downward 👇 ⬇️ direction (#sell). Sufficient downward momentum should see price dumping towards the 0.90000 psychological level and possibly testing the strength of the 0.89955 horizontal support level. As always, please apply appropriate risk management. Happy trading! #majorpair
Short
by charles-okoukoni
1
USDCHF BIG BULLISH MOVE AHEAD!!!HELLO TRADERS!!! As I can see this chart is show us a big incoming bullish move in this pair as we can see weekly based chart it has to test the given resistance price zone given as TP USDCHF is now trading above the support zone and respecting the uptrend line it can be 4h support and daily based broken resistances now. let's see what markets brings share Ur thoughts with us we appreciate Ur support and love. STAY TUNED! for more updates
Long
by APEX_TRADING_ACADMEY
USDCHF Technical Analysis and Trade IdeaThe USD/CHF currency pair has exhibited bullish tendencies on the higher time frame. Currently, we are witnessing a significant retracement as price has encountered resistance. In the accompanying video, we explore a potential trading opportunity, contingent upon the development of favorable price action. We identify key support and resistance levels, along with an optimal entry point based on a 61.8% Fibonacci retracement. The discussion encompasses chart patterns, price action analysis, and a particular form of price behavior that, if advantageous, would warrant market entry. As a disclaimer, the information provided is solely for educational purposes and should not be construed as financial advice. Trading carries inherent risks, and it is imperative to implement sound risk management practices at all times.
Long
by tradingwithanthony
1
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...
Long
by PrimeTrading
2
usdchf daily outlookit is going to complete a flag pattern after a clear upside move. so as the previous upside move, we can think that the next move could be upside after the valid breakout of this flag. I am not telling you guys to execute the market right now....wait for a valid breakout wait for better confirmation...then define your risk and then take the position. note:- let's talk about the validity of a flag pattern. when you see the 4 touches on a flag pattern then it's going to be a valid pattern. another validity is a breakout. thank you
by THE-10
USDCHF AnalysisHello traders I have conducted an analysis on USDCHF, as you can see the market has been on a down trend for the past few months and I think it will continue doing so as it showed huge rejection candle on the current zone so now this current zone will act as resistance as price showed before that this zone is valuable as it was acting as support in the past months. So now I will keep on looking for bearish trades until it reaches the last zone then I will look for buy opportunities. So what do you think traders on this one?
Short
by dlaminisya
1
USD/CHF bulls eye move to 0.90The daily chart shows a nice bullish trend on the daily chart. A minor retracement has occurred at the cycle highs, although Thursday's bullish hammer found support at the 100-day EMA, 38.2% Fibonacci level and prior swing high. RSI (2) is confirming the trend and RSI (14) is above 50 to show bullish momentum of the past three weeks. Given the bullish trend structure and shallow retracement, the bias is for a bullish breakout and for prices to head towards the 0.9 handle, near a volume cluster from an older trend.
Long
by CityIndex
2