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Usdchflong

USD/CHF Buy The USDCHF is currently rebounding from the lower low area of the ascending channel. A bullish flag has formed on the 4-hour timeframe, signaling potential upward movement. 📊 Expectations: We anticipate the pair to re-test key support levels as highlighted in the attached chart. 📉 Trading Strategy: This trade is based on a combination of technical analysis and candlestick patterns. These are long-term positions, so ensure you have sufficient margin to manage market fluctuations. Utilize proper risk management in line with your account size. 🚦 Trading Rules: 1️⃣ Rule 1: When the market hits Target 1, consider closing some positions or move your STOP LOSS to ENTRY price for safe trading. 2️⃣ Rule 2: After reaching Target 1, avoid placing new trades based on the same signal/alert. 3️⃣ Rule 3: If the market consolidates for more than 2 days, close the trade and patiently wait for the next favorable trading opportunity. 📣 Like and Share for More Insights!
Long
by Pro-Trading-Africa
USDCHF: The USD "struggled" to regain the 103 markIn the first session of the week, the US dollar fell a further 0.18% to $103.23 on expectations that the US Federal Reserve could complete and begin raising interest rates. Onion cuttings will be taken in the first half of next year. At the time, the DXY index was heading for a monthly decline of more than 3%, its biggest decline since November 2022. At the same time, investors are awaiting a series of events and data this week that could determine the future direction of the market. interest rates around the world. Just a day later, the dollar fell a further 0.47% to $102.73, as investors continued to predict growth in the world's biggest economy would start to slow. Once again, the market is starting to factor in a rate cut in the first half of next year. According to CME's FedWatch tool, U.S. interest rate futures show a 33% chance that the Fed will cut interest rates in March 2024. The U.S. dollar "barely" rose 0.12% to $102.86 on Nov. 30 after newly released data showed the U.S. economy grew faster than originally reported in the third quarter. . Head. According to information from the U.S. Department of Commerce, U.S. gross domestic product (GDP) increased by 5.2%, faster than the previously reported 4.9%. This was the largest increase since the fourth quarter of 2021 and exceeded economists' expectations of 5%. According to reports, US inflation remains moderate, but on the first trading day of December, the DXY index once again reached the 103 level (up 0.75% to 103.51 points). The increase in jobless claims in October and last week shows the labor market is slowing. Accordingly, US inflation, as measured by the Personal Consumption Expenditure Index (PCE), was flat in October after rising 0.4% in September. Moreover, the PCE index recorded an increase every year. In October it was 3.0%. Meanwhile, the state's new unemployment claims rose by 7,000 last week to 218,000.
Long
by Chart_MasterPro
USDCHF: USD price dropped sharply after news of private sector eThe dollar fell against a basket of currencies late last week on news of strong U.S. business results in November, while private-sector employment fell on expectations of a slowdown in the coming months. Fourth quarter. Earlier, Michael Brown, market analyst at Trader S&P Global, recorded the US Composite PMI Production Index on Friday. Specifically, the value for the month remained unchanged at 50.7, as a slight increase in service sector activity offset the decline in production. Values ​​above 50 indicate private sector expansion. The lack of significant growth in orders led to companies laying off employees, and the survey's employment index fell from 51.3 to 49.7, the first decline since June 2020. During October. Easing the labor market will help the Fed fight inflation. Jane Foley, senior currency strategist at Rabobank, said the economic data provided further evidence of cyclical weakness in the US. The U.S. dollar index posted its weakest monthly performance in a year amid growing expectations that the Federal Reserve will complete its interest rate hike and potentially start cutting rates next year. There is. .
Long
by Chart_MasterPro
2
USDCHF forming a bottom.USDCHF - Intraday Posted Mixed Daily results for the last 4 days. A Doji style candle has been posted from the base. Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Price action looks to be forming a bottom. Bespoke support is located at 0.8825. We look to buy dips. We look to Buy at 0.8825 (stop at 0.8805) Our profit targets will be 0.8875 and 0.8885 Resistance: 0.8850 / 0.8875 / 0.8900 Support: 0.8825 / 0.8817 / 0.8800 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
USDCHF: The US dollar rose on unemployment claims data, mixed The USD DXY index rose 0.30% to 103.90 as recent economic data and the Federal Reserve's minutes presented a complex scenario for investors to navigate. The increase came after the number of initial jobless claims was announced at 209,000, lower than expected. Despite this positive sign, investors are also considering a sharp decline in durable goods orders in October, down 5.4%. The latest minutes from the Federal Open Market Committee (FOMC) show persistent concerns about inflation, suggesting that these concerns will influence future policy decisions. This led to a rise in U.S. Treasury yields across a range of maturities as investors digested mixed economic data. Looking ahead, market participants do not expect an interest rate hike in November. Instead, there are speculations that interest rates could be cut as early as March or May next year. This sentiment is reflected in the DXY technical analysis. The Relative Strength Index (RSI) remained unchanged near oversold conditions, which could indicate a resurgence of buying pressure. Meanwhile, the Moving Average Convergence Divergence (MACD) bar is still moving sideways in the red zone, indicating near-term bearish momentum. Despite these mixed signals, the USD remains below the 20-day and 100-day SMAs (simple moving averages), but remains above the key 200-day SMA support. This position suggests that long-term bullish sentiment against the dollar may still exist despite the current bearish trend. The dollar continues to assert its dominance in global finance, playing a central role in foreign exchange markets with a daily trading volume of more than $6.6 trillion, based on last year's data. This dominance highlights the currency's far-reaching influence and its resilience in the face of economic instability and changes in monetary policy.
Long
by Chart_MasterPro
USDCHF to break to the upside?USDCHF - 24h expiry Bullish divergence can be seen on the daily (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher. Posted a Double Bottom formation. Price action has posted a Doji candle and confirms a possible stall in the recent move. Price action looks to be forming a bottom. A higher correction is expected. The bias is to break to the upside. We look to Buy a break of 0.8905 (stop at 0.8877) Our profit targets will be 0.8975 and 0.8995 Resistance: 0.8903 / 0.8950 / 0.8970 Support: 0.8875 / 0.8854 / 0.8830 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
USDCHF → Trades near 0.8870FX:USDCHF lost more than 100 pips in the previous session, due to the downbeat US inflation data. The USD/CHF pair extends the losses, trading near 0.8870 during the European session on Wednesday. A decisive break below the latter could push the USD/CHF pair to reach the support region near 0.8800 psychological level lined up with September’s low at 0.8795. The technical indicators for the USD/CHF pair reveal a bearish outlook. The 14-day Relative Strength Index (RSI) below the 50 level indicates downward pressure, signaling a bearish momentum and reflecting a weaker market sentiment. On the upside, the psychological level at 0.8900 appears as the immediate resistance, followed by the 23.6% Fibonacci retracement at 0.8922. A firm break above the level could inspire the USD/CHF pair to explore the next resistance around the 50-day Exponential Moving Average (EMA) at 0.8986. Moreover, the Moving Average Convergence Divergence (MACD) line, although below the centerline, is positioned above the signal line. This suggests a somewhat tepid momentum in the USD/CHF pair, indicating a less pronounced bearish sentiment.
Long
by tradingconmike
USDCHF long trade setup Buy limit order at 0.89700. - TP1: Set at 0.90400. - TP2: Positioned at 0.91200. - Stop Loss: Placed at 0.88900. Fundamental Analysis:This trade capitalizes on a potential bullish rebound, supported by recent fundamental factors.The U.S. Federal Reserve's hawkish stance, signaling possible interest rate hikes, strengthens the U.S. dollar.Strong economic data from the United States, including robust job growth and inflation figures, bolsters the bullish outlook.Technical Analysis:Entry at 0.89700 aligns with the immediate support level.Take Profit 1 at 0.90400 targets the immediate resistance.Take Profit 2 at 0.91200 aims for a stronger resistance level.Stop Loss at 0.88900 provides risk management below a robust support zone.A favorable risk/reward profile enhances trade potential.
Long
by Fexcat
USDCHF - Bearish price action ✅Hello traders! ‼️ This is my perspective on USDCHF. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for a short position. I expect bearish price action from here as price almost filled the imbalance and rejected from that zone. My target is sell side liquidity around 0.89500. Fundamental news: Next week on Tuesday will be released monthly and yearly CPI in USA, as well on Wednesday will be released monthly PPI and Retail Sales. News with impact on USD, so pay attention to the results in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
JPMorgan: In the future, CHF might be "more expensive"JPMorgan: In the future, CHF might be "more expensive" Although there are obstacles that could hinder the franc's ascent, they don't seem to be halting it as of now. Furthermore, even if the currency has witnessed the largest short-selling bets in the past two years as the surge continues, any increases in Middle East tensions or central bank action might drive up the price of the currency. Following the October 7 Hamas attack on Israel, Andreas Koenig, head of global currency management at Amundi, changed his position on the franc from negative to neutral, saying that "it would be a mistake to undervalue it in the current situation." "It was not our intention to escalate the ongoing confrontation
Long
by Chart_MasterPro
USDCHF: The USD fell on hopes that the Fed would stop raising inAs traders reinforced their wagers that the Fed would stop hiking interest rates, the USD index and dollar index futures both dropped 0.5% in Asian trading, prolonging losses from the previous day. Chairman Jerome Powell adopted a less hawkish posture than markets had anticipated by admitting that monetary conditions had tightened somewhat in recent months, even as the Fed maintained interest rates unchanged as anticipated. That. Powell does not completely rule out raising interest rates one more time. But the market saw his remarks as a signal that the Fed will no longer be raising interest rates and will probably be cutting them by the middle of 2024. However, rates are predicted to stay over 5% until at least the end of 2024, even if the Fed decides not to raise rates any further. This implies a constrained upside.
Long
by TrategySherpa
USDCHF: The market waits for the announcement of US government Due to investor demands for compensation for interest rate and geopolitical risks, as well as worries about oversupply as the Fed tightens monetary policy, both the bond and equity markets are volatile. Because of this, the market will be much more interested in the capital mobilization announcement on November 1st, including details about the scope and duration of the bond bidding. According to Josh Emanuel, chief investment officer at Wilshire, "the cause of volatility in bond yields is the imbalance between supply and demand in the market today." While some believe that Fed communications are less significant than issues, I believe that both are crucial.
Long
by TrategySherpa
Swiss Franc Rides High on Investor Flight to Safety?Investor flight to safety might provide a favorable outlook for the Swiss franc this week. Swiss franc against the USD and GBP might be the most interesting considering the Fed and the Bank of England (BoE) hold their policy meetings this week, where they are both expected to keep rates exactly where they are. These pauses by the Fed and BoE might contrast too sharply with the Swiss National Bank (SNB), whose Vice-Chairman made some hawkish comments over the weekend, pushing back against expectations that the SNB is done with its rate hikes, and cause some rumblings in the USDCHF and GBPCHF. Investor risk-aversion has already caused the Swiss franc to hit a high not seen since 2015 against the Euro. Euro Area inflation is also due this week, so this pair might also be appropriate to watch this week. Regarding the Middle East conflict, latest developments have seen Israeli Prime Minister Benjamin Netanyahu deny they would agree to ceasefire, drawing parallels to US retaliation to the terrorist attacks of 9/11. In this way, we might expect drawn out conflict, and the desirability of the Swiss franc rising.
Editors' picks
by BlackBull_Markets
9
USDCHF: USD/CHF breaks 2-day losing streak, stays above 0.8900, The USD/CHF pair snaps a two-day losing streak during the early European session on Friday. The pair currently trades near 0.8927, up 0.15% on the day. Meanwhile, the escalating geopolitical tension between Israel and Hamas might benefit to the safe-haven currency like Swiss Franc (CHF). The Swiss Trade surplus widened more than expected in September. Trade Balance came in at 6,316M versus 3,814M seen in the previous month, better than the expectation of 3,770M, according to data published by the Swiss Federal Customs Administration Thursday. Additionally, Exports surged to 24,795M MoM in September from the previous reading of 20,932M whereas Imports arrived at 18,480M MoM versus 17,118M. Across the pond, Fed Chair Jerome Powell signaled a desire to pause rate hikes and watch how economic data develops in the coming months. Powell further stated that more monetary policy tightening might be appropriate if there are more indications about above-trend growth or if the labor market stops easing. His dovish comments weigh on the Greenback and act as a headwind for the USD/CHF pair.
Long
by Chart_MasterPro