Usdchfprediction
Support unbroken,, USD/CHF reversal looks very likely Dear traders, USD/CHF is consolidating in the support level for quite some time. Although,
the price has drifted lower, USD/CHF has not broken the support level.
Please note that even on the daily chart, 0.9550 is a crucial level as the 100 Day EMA lies there.
So, a reversal to the upside is quite likely at this stage.
For traders looking to buy, a buy entry between 0.9530-0.9560 with SL below 0.95 and TP at 0.98
would a potential trade.
The fall was quite obvious in USD/CHF, how to trade it now?Dear traders, if you have been following USD/CHF , then you have certainly anticipated the fall in this pair.
The interest rate hike by SNB just gave the much-needed impetus to this rapid fall. In fact, other pairs like
AUD/CHF and CAD/CHF also fell rapidly as price was at a resistance level.
I personally milked USD/CHF, CAD/CHF and AUD/CHF over the last few days with hundreds of pips in the bag.
Here's a chart on CHF where you can see that I caught the absolute TOP
Currently, USD/CHF is inching towards a minor support level which could lead to a moderate pullback towards 0.9850.
I would be waiting to see the price action in the support level before buying USD/CHF. If bullish price action happens
in the support level, I would consider a buy trade with 0.98 as the TP.
USDCHF,USDZAR and USDCNH top-down analysis Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDCHF top-down analysis todayHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
DeGRAM | USDCHF retracementUSDCHF is clearly in a bullish trend.
We can see some price relief. Price is pulling back to support levels.
If the price retests the 0.98000 + support zone, we can look for buying opportunities.
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USDCHFThe Swiss Franc fell strongly last week to reach very close to a new 3-year low against the US Dollar, and to reach and surpass parity with it. European currencies excepting the Euro are generally weak, but the Franc is showing standout weakness.
The fall in the Swiss Franc has been unusually strong, being a firmer directional trend over the past few weeks than any other currency excepting the US Dollar. This is unusual as the Swiss Franc rarely trends strongly.
With a still-strong US Dollar, and non-USD currencies (especially European currencies) looking weak, the price may rise further over the short-term. However, bulls should beware of two factors:
The price hit and rejected the old key resistance level at $1.0050.
The Swiss Franc rarely trends for long.
I will not take this trend trade, but it may be attractive to other speculators.
USDCHFThe US dollar has rallied for the last month relentlessly against the Swiss franc. This will more likely than not continue to be the case, but we are getting a bit overstretched. I would anticipate a short-term pullback this coming week, with buyers coming back in to pick up the market. Longer term, it is very likely that we will go looking to reach the parity area, which will attract quite a bit of attention in and of itself.