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Usdchfidea

USD/CHF Technical Analysis.Currently, USD/CHF is trading at 0.9077. The pair is consolidating in the resistance and support wedges. The pair may start a new downtrend if it breaks the support level at 0.9058, likely the pair may rebound back after touching support levels and continue to consolidate. If the pair starts a new downtrend, after breaking the support level, then its first target price will be at 0.8898 and the second target price will be at 0.8799. Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and Ideas. Thank you, Rishikesh Lilawat
Short
by rishililawat5
USD/CHF Technical Analysis.Currently, USD/CHF is trading at 0.9102. The pair may start a new up trend if it breaks the resistance level at 0.9150. Previously, the pair was trading in a down trend in the descending triangle resistance and support wedges. If the pair starts a new up trend after breaking the resistance level, then its first target price will be at 0.9293 and the second target price will be at 0.9381. Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade. Do follow us for future Forex trend analysis and ideas. Thank you, Rishikesh Lilawat
Long
by rishililawat5
USDCHF could go up, but be careful#USDCHF appears to have created a double bottom formation in the 0.9050 level. It's quite likely that USD/CHF can go up to 0.9230 in the next few days. I would be looking to place buy trades in the support area that I have highlighted in the chart. However, buyers must also be careful and use a stop loss below the support zone because USDCHF has gone through a prolonged sell-off. US Dollar is still struggling and there's no guarantee that the double bottom formation would work here. That being said, this trade offers a good R:R(Risk/reward ratio) and hence, I am looking to place 2-3 standard lots of buy trades in this support area.
by YourLazyTrader
4
EURCHF - SELL OPPORTUNITYEUR - BEARISH 1️⃣ European stock markets traded mostly lower as investors fear that a second wave of infections in Europe could dampen the economic recovery. 2️⃣ The Eurozone's largest economy (Germany) contracted by 10.1% during the second quarter of 2020. 3️⃣ Euro area unemployment up to 7.8% in June. CHF - BULLISH 1️⃣ The recent escalation in diplomatic tensions between the US and China added to market concerns that the economic recovery in the US could be grinding to a halt amid the resurgence in coronavirus cases. 2️⃣ Risk-off markets sentiment will help Swissy. ===== Technical ===== - Im shorting EURCHF on SBR level + SMA50 area. - USDCHF in bearish mode.
Short
by MonsunAsia
USDCHF - SELL OPPORTUNITYUSD - BEARISH 1️⃣ FED warned that ongoing public health crisis will weigh heavily on economic activity, employment, and inflation in the near term, and poses considerable risks to the economic outlook over the medium term. 2️⃣ Doubts on the US strong economic recovery and uncertainties regarding the $1 trillion stimulus package proposed by Senate Republicans, as it faces some form of opposition from the Republicans, Democrats and President Trump. 3️⃣ Chairman Jerome Powell noted that there are signs the increase in infections is starting to weigh on activity while noting that the path forward for the economy is “extraordinarily uncertain.” 4️⃣ Q2 GDP expected to print negative due to economic shutdown. CHF - BULLISH 1️⃣ The recent escalation in diplomatic tensions between the US and China added to market concerns that the economic recovery in the US could be grinding to a halt amid the resurgence in coronavirus cases. 2️⃣ Risk-off markets sentiment will help Swissy. ===== Technical ===== - We short on SBR level + SMA 50 area on H1 chart. - USDCHF in bearish zone.
Short
by MonsunAsia